The Dow Jones Industrial Average and the S&P 500 Index surged to its biggest gain in seven weeks Thursday on strong earnings from major companies such as Disney and upbeat employment data. The Dow gained 1.22 percent to close at 15,628.53, while the S&P 500 Index gained 1.24 percent to close at 1,773.43. On Wednesday, the Labor Department reported jobless claims declined 20,000 to 331,000 last week. The drop was larger than the median forecast of 16,000, according to economists surveyed by Bloomberg.
Akamai Technologies, Inc. (NASDAQ: AKAM) shares traded in the range of $54.80 to $57.76 Thursday before settling to close at $57.18, an increase of 20.58 percent. The stock appears have some support at the $54.80, $53.39 and $52.90 levels. The company reported revenue for the fourth quarter of 2013 increased 15.0 percent year-over-year to $436.0 million. Shares of Akamai Technologies have gained approximately 20.0 percent year-to-date.
More information on Akamai Technologies and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AKAM
Activision Blizzard, Inc. (NASDAQ: ATVI) shares traded in the range of $16.95 to $17.20 Thursday before settling to close at $17.17, an increase of 1.66 percent. The stock appears to be facing some resistance at the $17.29 and $17.42 levels with some support at $17.03 and $16.89. The company reported adjusted EPS of $0.79 for the fourth quarter of 2013, which topped expectations of $0.73 according to FactSet. Shares of Activision Blizzard have fallen approximately 4.0 percent year-to-date.
More information on Activision Blizzard and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ATVI
Expedia Inc. (NASDAQ: EXPE) shares traded in the range of $63.61 to $65.67 Thursday before settling to close at $65.14, an increase of 1.89 percent. The stock appears to be facing some resistance at the $65.89 and $71.20 levels with some support at $62.34 and $60.70. The company reported adjusted EPS of $0.92 for the fourth quarter of 2013, compared to $0.63 a year ago. Shares of Expedia have fallen approximately 6.0 percent year-to-date.
More information on Expedia and access to the free equity report can be found at:
www.WallStreetFundamentals.com/EXPE
Level 3 Communications, Inc. (NYSE: LVLT) shares traded in the range of $34.96 to $36.75 Thursday before settling to close at $36.56, an increase of 5.85 percent. The stock appears have some support at the $36.00, $34.93 and $34.43 levels. The company reported a net income of $14 million, $0.06 per share, for the fourth quarter of 2013, compared to a net loss of $56 million, ($0.26) per share, a year ago. Shares of Level 3 Communications have gained approximately 10.0 percent year-to-date.
More information on Level 3 Communications and access to the free equity report can be found at:
www.WallStreetFundamentals.com/LVLT
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