U.S. market regained some ground Tuesday after disappointing manufacturing data sent stocks sliding in the previous session. The Dow Jones Industrial Average gained 0.47 percent, while the S&P 500 Index rallied 0.76 percent. The Indexes have fallen approximately 6.8 percent and 5.0 percent, respectively, so far in 2014. The U.S. budget deficit is expected to fall to $514 billion in 2014, the lowest level seen in Obama’s tenure, according to a congressional report released Tuesday. "The biggest concern for investors right now is, is this the beginning of a bigger pullback in the market?" said Joseph Tanious, global market strategist at JPMorgan Asset Management, according to Bloomberg. "If you look at economic growth, the earnings season and the health of corporate America, all those things appear to be doing quite well."
The Clorox Co. (NYSE: CLX) shares traded in the range of $84.39 to $86.90 Tuesday before settling to close at $85.81, a decrease of 0.64 percent. The stock appears to be facing some resistance at the $85.85 and $86.73 levels with some support at $84.50. The company reported a net income of $115 million, or 87 cents per share, for the second quarter of fiscal 2014, down roughly 7.0 percent year-over-year. Shares of The Clorox Co. have fallen approximately 7.0 percent year-to-date.
More information on The Clorox Co. and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CLX
Fossil Group Inc. (NASDAQ: FOSL) shares traded in the range of $113.63 to $118.36 Tuesday before settling to close at $114.57, an increase of 6.06 percent. The stock appears to be facing some resistance at the $116.48 and $117.84 levels with some support at $114.48. The company is scheduled to release quarterly results after market close on Tuesday, February 11th. Shares of Fossil Group have fallen approximately 4.0 percent year-to-date.
More information on Fossil Group and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FOSL
Sirius XM Holdings Inc. (NASDAQ: SIRI) shares traded in the range of $3.46 to $3.55 Tuesday before settling to close at $3.52, a decrease of 0.85 percent. The stock appears to be facing some resistance at the $3.56 and $3.61 levels with some support at $3.46. The company reported earnings of $0.01 per share for the fourth quarter of 2013, which was short of analysts’ estimates of $0.02. Shares of Sirius XM are up approximately 1.0 percent year-to-date.
More information on Sirius XM and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SIRI
Xylem Inc. (NYSE: XYL) shares traded in the range of $34.42 to $36.42 Tuesday before settling to close at $36.27, an increase of 10.58 percent. The stock appears to be facing some resistance at the $36.76 and $38.54 levels with some support at $34.68. The company reported record revenue of $1.03 billion for the fourth quarter of 2013, an increase of 7.0 percent year-over-year. Shares of Xylem have gained approximately 5.0 percent year-to-date.
More information on Xylem and access to the free equity report can be found at:
www.WallStreetFundamentals.com/XYL
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