U.S. markets continued to fall this week as last week’s weaker-than-expected jobs report has raised concerns regarding the nation’s current economic outlook. "The market's extremely jittery right now. There's broad-based expectation for a little bit of a pullback," said David Seaburg, Cowen & Company head of sales & trading. The Dow Jones Industrial Average fell 1.09 percent, its largest drop one-day drop in nearly three months, while the S&P 500 Index fell 1.26 percent, its largest drop since November 7th. Here is how some Blue Chips reacted Monday:
Facebook Inc. (NASDAQ: FB) shares traded in the range of $55.38 to $58.25 Monday before settling to close at $55.91, a decrease of 3.50 percent. The stock appears to be facing some resistance at $57.53 with some support at the $54.88 and $52.39 levels. Shares of Facebook have gained approximately 75.0 percent in the past year.
More information on Facebook and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FB
The Coca-Cola Company (NYSE: KO) shares traded in the range of $39.50 to $40.13 Monday before settling to close at $39.53, a decrease of 1.50 percent. The stock appears to be facing some resistance at the $39.65 and $40.04 levels with some support at $39.36. Shares of Coca-Cola have gained approximately 7.0 percent in the past year.
More information on Coca-Cola and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KO
McDonald's Corporation (NYSE: MCD) shares traded in the range of $94.59 to $95.83 Monday before settling to close at $94.83, a decrease of 1.01 percent. The stock appears to be facing some resistance at the $39.75 and $40.49 levels with some support at $38.65. Shares of Lennar have gained approximately 3.0 percent in the past year.
More information on McDonald's and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MCD
Starbucks Corporation (NASDAQ: SBUX) shares traded in the range of $74.76 to $77.39 Monday before settling to close at $75.12, a decrease of 3.28 percent. The stock appears to be facing some resistance at the $75.26 and $76.05 levels with some support at $74.28. Shares of Starbucks have gained approximately 35.0 percent in the past year.
More information on Starbucks and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SBUX
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