U.S. markets rose for the first time in 2014 on news that the U.S. trade deficit shrank to a four-year low. The Dow Jones Industrial Average gained 0.64 percent to close at 16,530.94, while the S&P 500 Index gained 0.61 percent to close at 1,837.88. The trade deficit fell 12.9 percent to $34.3 billion, well short of economists’ forecasts of $40.0 billion. "With a continuation of strong data from the end of last year, people are starting to think maybe 2014 will be a breakout year for the economy," said Nick Sargen, chief investment officer at Fort Washington Investment Advisors.
Bank of America Corp. (NYSE: BAC) shares traded in the range of $16.45 to $16.79 Tuesday before settling to close at $16.50, a decrease of 0.96 percent. The stock appears to be facing some resistance at $16.53 with some support at the $16.23 and $16.00 levels. Shares of Bank of America have gained approximately 36.0 percent in the past year.
More information on Bank of America and access to the free equity report can be found at:
Citigroup Inc. (NYSE: C) shares traded in the range of $53.78 to $54.72 Monday before settling to close at $54.18, an increase of 0.69 percent. The stock appears to have some support at the $53.26, $53.00 and $52.69 levels. Shares of Citigroup have gained approximately 27.0 percent in the past year.
More information on Citigroup and access to the free equity report can be found at:
Morgan Stanley (NYSE: MS) shares traded in the range of $31.41 to $31.89 Monday before settling to close at $31.52, a decrease of 0.32 percent. The stock appears to be facing some resistance at $32.30 with some support at the $31.39 and $30.82 levels. Shares of Morgan Stanley have gained approximately 55.0 percent in the past year.
More information on Morgan Stanley and access to the free equity report can be found at:
Wells Fargo & Co. (NYSE: WFC) shares traded in the range of $45.22 to $45.80 Monday before settling to close at $45.40, a decrease of 0.04 percent. The stock appears to be facing some resistance at $45.59 with some support at the $45.24 and $44.69 levels. Shares of Wells Fargo have gained approximately 30.0 percent in the past year.
More information on Wells Fargo and access to the free equity report can be found at:
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
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.
Wall Street Fundamentals
Leave a comment...