U.S. markets continued to tumble in January on disappointing earnings from major companies. AT&T, Boeing and Yahoo! all fell in Wednesday trading as their quarterly earnings failed to impress investors. The S&P 500 dropped 1.02 percent to close at 1,774.20. The index is on pace for its worst month since May 2012, the S&P 500 posted a gain of 5.0 percent last January. Additionally, the Federal Reserve has announced plans to cut its monthly bond purchases by an additional $10 billion to $65 billion.
AFLAC Incorporated (NYSE: AFL) shares traded in the range of $61.73 to $62.85 Wednesday before settling to close at $62.12, a decrease of 0.53 percent. The stock appears to be facing some resistance at the $62.59 and $62.96 levels with some support at $62.01. The company is scheduled to report quarterly earnings after market close on Tuesday, February 4th. Shares of AFLAC are down approximately 7.0 percent year-to-date.
More information on AFLAC and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AFL
Boston Scientific Corporation (NYSE: BSX) shares traded in the range of $13.08 to $13.38 Wednesday before settling to close at $13.18, a decrease of 0.75 percent. The stock appears to be facing some resistance at the $1329 and $13.98 levels with some support at $12.97. The company is scheduled to report quarterly earnings before market open on Tuesday, February 4th. Shares of Boston Scientific are up approximately 10.0 percent year-to-date.
More information on Boston Scientific and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BSX
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) shares traded in the range of $18.15 to $18.70 Wednesday before settling to close at $18.36, a decrease of 1.40 percent. The stock appears to be facing some resistance at the $18.38 and $18.65 levels with some support at $17.99. The company is scheduled to report quarterly earnings after market close on Monday, February 3rd. Shares of Take-Two Interactive have gained approximately 5.0 percent year-to-date.
More information on Take-Two Interactive and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TTWO
Yum! Brands, Inc. (NYSE: YUM) shares traded in the range of $65.87 to $67.92 Wednesday before settling to close at $66.51, a decrease of 2.48 percent. The stock appears to be facing some resistance at the $67.71 and $69.24 levels with some support at $65.89. The company is scheduled to report quarterly earnings after market close on Monday, February 3rd. Shares of Yum! Brands have fallen approximately 12.0 percent year-to-date.
More information on Yum! Brands and access to the free equity report can be found at:
www.WallStreetFundamentals.com/YUM
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