Markets surged Tuesday as Federal Reserve Chairwoman Janet Yellen's testimony signaled continuity in monetary policy. The Dow Jones gained 1.22 percent, while the S&P 500 Index rallied 1.11 percent, now down just 1.55 percent for the year. "Many of the risks everyone had their eyes on for 2014 are quickly being cleared away," said Kristina Hooper, head of U.S. investment strategies for Allianz Global Investors. Here is how some S&P 500 companies reacted Tuesday:
CVS Caremark Corporation (NYSE: CVS) shares traded in the range of $68.21 to $69.71 Tuesday before settling to close at $68.77, an increase of 2.73 percent. The stock appears to be facing some resistance at the $69.18 and $71.80 levels with some support at $68.24 and $67.27. Shares of CVS Caremark have fallen approximately 4.0 percent year-to-date.
More information on CVS Caremark and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CVS
Lockheed Martin Corporation (NYSE: LMT) shares traded in the range of $154.18 to $158.32 Tuesday before settling to close at $157.56, an increase of 2.32 percent. The stock appears to be facing some resistance at $159.35 with some support at the $157.10 and $152.77 levels. Shares of Lockheed Martin have gained approximately 6.0 percent year-to-date.
More information on Lockheed Martin and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LMT
Reynolds American, Inc. (NYSE: RAI) shares traded in the range of $46.55 to $48.34 Tuesday before settling to close at $48.07, a decrease of 1.52 percent. The stock appears to be facing some resistance at the $48.56 and $49.36 levels with some support at $47.89 and $47.13. Shares of Reynolds American have fallen approximately 4.0 percent year-to-date.
More information on Reynolds American and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RAI
WPX Energy Inc. (NYSE: WPX) shares traded in the range of $16.92 to $17.55 Tuesday before settling to close at $17.03. The company’s 9.99 percent drop was the largest in the S&P 500 Tuesday. The stock appears to be facing some resistance at the $17.75, $18.29 and $18.44 levels. Shares of WPX Energy have fallen approximately 16.0 percent year-to-date.
More information on WPX Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/WPX
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