U.S. markets fell Monday as data showed orders for long-lasting factory goods fell sharply in July as businesses cut back spending. The Commerce Department reported orders for durable goods dropped 7.3 percent in July, the largest drop in almost a year, excluding transportation orders declined 0.6 percent. Core capital goods, such as machinery, computers and heavy trucks, declined 3.3 percent, breaking a streak of four consecutive months of gains. "At the very least, it is a reminder that the expected pick-up in economic growth in the second half of the year will be gradual," said Paul Ashworth, Chief US Economist at Capital Economics.
The Boeing Company (NYSE: BA) shares traded in the range of $105.21 to $106.52 Monday before settling to close at $105.532, an increase of 0.05 percent. The stock appears to be facing some resistance at the $107.46 and $109.24 levels with some support at $104.47. Shares of Boeing have gained approximately 40.0 percent in 2013.
More information on Boeing and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BA
Caterpillar Inc. (NYSE: CAT) shares traded in the range of $83.52 to $84.78 Monday before settling to close at $83.56, a decrease of 0.39 percent. The stock appears to be facing some resistance at the $83.59 and $84.37 levels with some support at $82.98. Shares of Caterpillar have fallen approximately 7.0 percent in 2013.
More information on Caterpillar and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CAT
Deere & Company (NYSE: DE) shares traded in the range of $83.87 to $85.68 Monday before settling to close at $84.77, an increase of 1.52 percent. The stock appears to be facing some resistance at the $85.00 and $85.69 levels with some support at $83.86. Shares of Deere & Company have fallen approximately 2.0 percent in 2013.
More information on Deere & Company and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DE
Lockheed Martin Corporation (NYSE: LMT) shares traded in the range of $125.10 to $126.73 Monday before settling to close at $125.19, a decrease of 0.64 percent. The stock appears to be facing some resistance at $128.41 with some support at the $123.50 and $117.02 levels. Shares of Lockheed Martin have gained approximately 35.0 percent in 2013.
More information on Lockheed Martin and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LMT
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