U.S. markets were relatively flat Wednesday as investors digested mixed earnings from companies such as Coach Inc., International Business Machines Corp. and Norfolk Southern Corp. The Dow Jones Industrial Average declined 0.25 percent, while the S&P 500 Index posted a slight gain of 0.06 percent. On Wednesday, twenty-five S&P 500 companies reported earnings. of the 81 companies that have reported earnings as of Wednesday 70.0 percent have topped expectations for profit, according to data from Bloomberg.
Advanced Micro Devices, Inc. (NYSE: AMD) shares traded in the range of $3.66 to $3.82 Wednesday before settling to close at $3.67, a decrease of 11.99 percent. The stock appears to be facing some resistance at the $3.73 and $3.82 levels with some support at $3.64. Shares of Advanced Micro Devices have fallen approximately 12.0 percent year-to-date.
More information on Advanced Micro Devices and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AMD
Fusion-IO, Inc. (NYSE: FIO) shares traded in the range of $8.90 to $9.60 Wednesday before settling to close at $9.42, an increase of 3.86 percent. The stock appears to be facing some resistance at the $10.47 and $10.92 levels with some support at $9.40. Shares of Fusion-IO have gained approximately 5.0 percent in the past year.
More information on Fusion-IO and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FIO
Netflix, Inc. (NASDAQ: NFLX) shares traded in the range of $327.35 to $334.44 Wednesday before settling to close at $333.73, an increase of 1.53 percent. The stock appears to be facing some resistance at the $344.09 and $354.20 levels with some support at $331.28. Shares of Netflix have fallen approximately 9.0 percent year-to-date.
More information on Netflix and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NFLX
SanDisk Corporation (NASDAQ: SNDK) shares traded in the range of $71.35 to $72.35 Wednesday before settling to close at $72.19, an increase of 0.42 percent. The stock appears to be facing some resistance at the $72.87 and $74.69 levels with some support at $70.73. Shares of SanDisk have gained approximately 2.0 percent year-to-date.
More information on SanDisk and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SNDK
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