The Dow Jones Industrial Average and the S&P 500 Index surged to its biggest gain in seven weeks Thursday on strong earnings from major companies such as Disney and upbeat employment data. The Dow gained 1.22 percent to close at 15,628.53, while the S&P 500 Index gained 1.24 percent to close at 1,773.43. On Wednesday, the Labor Department reported jobless claims declined 20,000 to 331,000 last week. The drop was larger than the median forecast of 16,000, according to economists surveyed by Bloomberg.
The Allstate Corporation (NYSE: ALL) shares traded in the range of $50.24 to $52.39 Thursday before settling to close at $52.36, an increase of 5.67 percent. The stock appears to be facing some resistance at the $52.61 and $53.11 levels with some support at $52.14 and $51.06. The company a net income of $810.0 million, or $1.76 per diluted common share, for the fourth quarter of 2013, compared to $394 million, or $0.81, a year ago. Shares of Allstate have fallen approximately 4.0 percent year-to-date.
More information on the Allstate and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ALL
The Coca-Cola Company (NYSE: KO) shares traded in the range of $37.92 to $38.94 Thursday before settling to close at $38.03, an increase of 1.12 percent. The stock appears to be facing some resistance at the $38.66 and $39.25 levels with some support at $37.87 and $37.04. The company announced it has taken a 10.0 percent stake in Green Mountain Coffee Roasters. Shares of Coca-Cola have fallen approximately 8.0 percent year-to-date.
More information on Coca-Cola and access to the free equity report can be found at:
www.WallStreetFundamentals.com/KO
Nabors Industries Ltd. (NYSE: NBR) shares traded in the range of $16.59 to $17.55 Thursday before settling to close at $17.49, an increase of 5.42 percent. The stock appears to be facing some resistance at the $17.83 and $18.14 levels with some support at $17.46 and $17.25. The company is scheduled to release quarterly results on Tuesday, February 18th. Shares of Nabors Industries have gained approximately 3.0 percent year-to-date.
More information on Nabors Industries and access to the free equity report can be found at:
www.WallStreetFundamentals.com/NBR
O'Reilly Automotive Inc. (NASDAQ: ORLY) shares traded in the range of $141.93 to $149.99 Thursday before settling to close at $146.72, an increase of 9.04 percent. The stock appears to have some support at the $141.93, $137.59 and $136.16 levels. The company reported sales were $1.62 billion for the fourth quarter of 2013, an increase of 9.0 percent year-over-year. Shares of O'Reilly Automotive have gained approximately 14.0 percent year-to-date.
More information on O'Reilly Automotive and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ORLY
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