U.S. markets continued to fall Monday on growing concerns from emerging markets. Last week’s sell-off was triggered a drop in Chinese manufacturing activity, raising fears of a potential slowdown in global economic growth. "The current period of market turmoil may have slower emerging-market growth and the prospect of less accommodative Fed policy at its heart, but it has a lot of regional sub-drivers: China's shadow banking system, politics in Turkey, strikes in South Africa, more politics in Argentina, to name but a few," said Kit Juckes, Global Head of Currency Strategy at Societe Generale. "There are too many fires burning to expect them to all blow out simultaneously."
Haemonetics Corporation (NYSE: HAE) shares traded in the range of $37.64 to $39.31 Monday before settling to close at $38.59, a decrease of 3.62 percent. The stock appears to be facing some resistance at the $38.65, $39.24 and $39.63 levels. The company reported net revenue of $242.1 million for the third quarter of fiscal 2014, a decrease of 2.0 percent when compared with a year ago. Shares of Haemonetics have fallen approximately 12.0 percent in the past year.
More information on Haemonetics and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HAE
Mastercard Inc. (NYSE: MA) shares traded in the range of $74.95to $78.98 Monday before settling to close at $76.05, a decrease of 3.13 percent. The stock appears to be facing some resistance at the $76.89 and $79.13 levels with some support at $75.48. The company is scheduled to release quarterly results before market open on Friday, January 31st. Shares of Mastercard have gained approximately 45.0 percent in the past year.
More information on Mastercard and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MA
Mattel, Inc. (NASDAQ: MAT) shares traded in the range of $42.80 to $43.43 Monday before settling to close at $43.04, an increase of 0.09 percent. The stock appears to be facing some resistance at the $43.41 and $44.06 levels with some support at $42.94. The company is scheduled to release quarterly results before market open on Friday, January 31st. Shares of Mattel have gained approximately 15.0 percent in the past year.
More information on Mattel and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MAT
Royal Caribbean Cruises Ltd. (NYSE: RCL) shares traded in the range of $47.04 to $49.30 Monday before settling to close at $48.04, an increase of 1.93 percent. The stock appears to be facing some resistance at the $48.05 and $49.07 levels with some support at $46.06. The company reported adjusted fourth quarter earnings per share of $0.23 for the fourth quarter of 2013, topping the Capital IQ Consensus Estimate of $0.18. Shares of Royal Caribbean Cruises have gained approximately 25.0 percent in the past year.
More information on Royal Caribbean Cruises and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RCL
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