Wall Street Fundamentals Releases New In-Depth Stock Reports on AKAM, ATVI, EXPE and LVLT


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Companies Mentioned

NASDAQ:AKAM / NASDAQ:ATVI / NASDAQ:EXPE / NYSE:LVLT
02/07/2014 [ACCESSWIRE]

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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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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