U.S. markets declined slightly Wednesday on disappointing employment numbers. On Wednesday, Automatic Data Processing Inc. and Moody's Analytics reported U.S. businesses added 175,000 jobs in January, which was below economists’ forecasts of 189,000 jobs according to Dow Jones Newswires. All of the 10 sectors in the S&P 500 posted declines Wednesday pressuring the Index down 0.20 percent. According to data collected by Bloomberg, of the S&P 500 companies who have reported earnings so far approximately 78.0 percent have surpassed analysts’ estimates. The S&P 500 Index has fallen roughly 5.2 percent in 2014. Here is how some stocks reacted Wednesday:
The Walt Disney Company (NYSE: DIS) shares traded in the range of $70.37 to $72.05 Wednesday before settling to close at $71.76, an increase of 1.0 percent. The stock appears to be facing some resistance at the $72.51 and $74.94 levels with some support at $71.21 and $69.43. The company reported diluted EPS was $1.03 for the first quarter of fiscal 2014, an increase of 34.0 percent year-over-year. Shares of Walt Disney have fallen approximately 6.0 percent year-to-date.
More information on Walt Disney and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DIS
Estee Lauder Companies Inc. (NYSE: EL) shares traded in the range of $63.63 to $69.55 Wednesday before settling to close at $65.36, a decrease of 5.54 percent. The stock appears to be facing some resistance at the $67.36 and $68.26 levels with some support at $64.73. The company reported net earnings fell to $432.5 million for the second quarter of fiscal 2014, from $447.5 million a year ago. Shares of Estee Lauder have fallen approximately 13.0 percent year-to-date.
More information on Estee Lauder and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EL
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) shares traded in the range of $80.30 to $84.02 Wednesday before settling to close at $80.88, an increase of 0.92 percent. The company has announced a 10-year agreement with The Coca-Cola Company to use The Coca-Cola Company’s global brand portfolio in GMCR’s forthcoming Keurig Cold at-home beverage system.
More information on GMCR and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GMCR
Humana Inc. (NYSE: HUM) shares traded in the range of $91.00 to $96.88 Wednesday before settling to close at $95.71, a decrease of 1.81 percent. The stock appears to be facing some resistance at the $96.57 and $97.31 levels with some support at $94.57 and $93.35. The company reported a loss per share of $0.19 for the fourth quarter of 2013, compared to diluted EPS of $1.19 a year ago. Shares of Humana have fallen approximately 7.0 percent year-to-date.
More information on Humana and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HUM
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