U.S. markets were buoyed by strong earnings from Comcast, D.R. Horton and Pfizer Tuesday, helping the Dow Jones Industrial average break a streak of five-consecutive losses. The Dow rallied 0.57 percent to close at 15,928.56 (down 3.91 percent year-to-date), while the S&P 500 gained 0.61 percent to close at 1,792.50 (down 3.02 percent year-to-date). S&P Capital IQ has predicted fourth quarter earnings from major U.S. companies to gain 6.3 percent when compared to a year ago.
Amgen, Inc. (NASDAQ: AMGN) shares traded in the range of $118.31 to $121.87 Tuesday before settling to close at $120.70, an increase of 1.84 percent. The stock appears to be facing some resistance at $125.16 with some support at the $118.63 and $115.81 levels. The company reported net income was $1.02 billion, or $1.33 per share, for the fourth quarter of 2013, an increase of 30.0 percent when compared to a year ago. Shares of Amgen have gained approximately 6.0 percent in the past year.
More information on Amgen and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AMGN
E I Du Pont De Nemours And Co. (NYSE: DD) shares traded in the range of $59.35 to $61.15 Tuesday before settling to close at $59.57, a decrease of 1.11 percent. The stock appears to be facing some resistance at the $59.90 and $60.59 levels with some support at $56.94. The company reported revenues were $7.75 billion for the fourth quarter of 2013, which was just short of analysts’ expectations of $7.8 billion. Shares of Du Pont have fallen approximately 8.0 percent year-to-date.
More information on Du Pont and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DD
Electronic Arts Inc. (NASDAQ: EA) shares traded in the range of $24.44 to $25.01 Tuesday before settling to close at $24.87, an increase of 1.63 percent. The stock appears to be facing some resistance at the $25.30 and $26.32 levels with some support at $24.11. The company reported revenues were $808 million for the third quarter of fiscal 2014, a decrease of 12.0 percent when compared to a year ago. Shares of Electronic Arts have gained approximately 8.0 percent year-to-date.
More information on Electronic Arts and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EA
AT&T Inc. (NYSE: T) shares traded in the range of $33.35 to $33.81 Tuesday before settling to close at $33.70, an increase of 0.57 percent. The stock appears to be facing some resistance at the $33.92 and $34.39 levels with some support at $33.53. The company reported earnings of $6.9 billion, or $1.31 per share, for the fourth quarter of 2013, compared to a loss of $3.8 billion, or 68 cents per share, a year ago. Shares of AT&T have fallen approximately 4.0 percent year-to-date.
More information on AT&T and access to the free equity report can be found at:
www.WallStreetFundamentals.com/T
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