Wall Street Fundamentals Releases New In-Depth Stock Reports on BAC, CSCO, MSFT and WMT


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Companies Mentioned

NYSE:BAC / NASDAQ:CSCO / NASDAQ:MSFT / NYSE:WMT
08/16/2013 [ACCESSWIRE]

Stock markets pulled back Thursday as stronger-than-expected economic data continued to increase speculation that stimulus measure may be scaled back. The Dow Jones Industrial Average declined 1.47 percent to close at $15,112.19, while the S&P 500 Index fell 1.43 percent to close at $1,661.32. On Thursday, the Labor Department reported initial jobless claims declined 15,000 to a seasonally adjusted 320,000 for the week ended August 10th, which was the lowest level since October 2007. "In the long term, tapering is a good thing, it's a sign of an improving economic outlook," said Peter Jankovskis, co-chief investment officer at OakBrook Investments. "But right now, investors are used to having the Fed support bond prices, so in the short term, investors are focused on the negative if that stops."

Bank of America Corp. (NYSE: BAC) shares traded in the range of $14.31 to $14.47 Thursday before settling to close at $14.32, a decrease of 1.92 percent. The stock appears to be facing some resistance at the $14.57 and $14.99 levels with some support at $13.97. Shares of Bank of America have gained approximately 23.0 percent in 2013.

More information on Bank of America and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/BAC

Cisco Systems, Inc. (NASDAQ: CSCO) shares traded in the range of $24.28 to $24.83 Thursday before settling to close at $24.49, a decrease of 7.17 percent. The stock appears to be facing some resistance at the $24.93 and $25.88 levels with some support at $24.24. Shares of Cisco Systems have gained approximately 24.0 percent in 2013.

More information on Cisco Systems and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/CSCO

Microsoft Corporation (NASDAQ:MSFT) shares traded in the range of $30.84 to $32.18 Thursday before settling to close at $31.79, a decrease of 1.73 percent. The stock appears to be facing some resistance at the $32.44 and $33.01 levels with some support at $31.54. Shares of Microsoft have gained approximately 19.0 percent in 2013.

More information on Microsoft and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/MSFT

Wal-Mart Stores, Inc. (NYSE: WMT) shares traded in the range of $74.03 to $75.08 Thursday before settling to close at $74.41, a decrease of 2.60 percent. The stock appears to be facing some resistance at the $74.84 and $75.18 levels with some support at $73.89. Shares of Wal-Mart have gained approximately 9.0 percent in 2013.

More information on Wal-Mart Stores and access to the free equity report can be found at:
www.WallStreetFundamentals.com/WMT

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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