U.S. markets continued to rise Thursdays as data on U.S. manufacturing activity exceeded expectations. The Dow Jones Industrial Average gained 0.58 percent, down 2.68 percent for the year, while the S&P 500 index gained 0.60 percent, down 0.46 percent for the year. Acccording to Markit, the U.S. flash purchasing managers’ index increase to 56.7 in February, compared to 53.7 in January. "The flash manufacturing PMI provides the first indications that production has rebounded from the weather-related slowdown seen in January. Having slumped to a three-month low in January the PMI surged to its highest for almost four years in February, as companies reported business returning to normal after freezing temperatures and snow disrupted operations and supply chains," said Markit's chief economist, Chris Williamson.
Citrix Systems, Inc. (NASDAQ: CTXS) shares traded in the range of $56.62 to $60.96 Thursday before settling to close at $60.59, an increase of 5.85 percent. The stock appears to be facing some resistance at the $61.02 and $63.11 levels with some support at $59.85 and $58.65. Shares of Citrix Systems have fallen approximately 4.0 percent year-to-date.
More information on Citrix Systems and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CTXS
Hewlett-Packard Company (NYSE: HPQ) shares traded in the range of $29.10 to $30.28 Thursday before settling to close at $30.19, an increase of 2.51 percent. The stock appears to be facing some resistance at $31.46 levels with some support at the $29.87 and $28.51 levels. Shares of Hewlett-Packard have gained approximately 8.0 percent year-to-date.
More information on Hewlett-Packard and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HPQ
Verizon Communications Inc. (NYSE: VZ) shares traded in the range of $46.75 to $48.34 Thursday before settling to close at $48.12, an increase of 3.42 percent. The stock appears to be facing some resistance at the $48.72 and $49.34 levels with some support at $48.03 and $47.83. Shares of Verizon Communications have fallen approximately 2.0 percent year-to-date.
More information on Verizon Communications and access to the free equity report can be found at:
www.WallStreetFundamentals.com/VZ
Wal-Mart Stores, Inc. (NYSE: WMT) shares traded in the range of $72.81 to $74.00 Thursday before settling to close at $73.52, a decrease of 1.78 percent. The stock appears to be facing some resistance at the $74.60 and $75.69 levels with some support at $72.39 and $71.85. Shares of Wal-Mart Stores have fallen approximately 6.0 percent year-to-date.
More information on Wal-Mart Stores and access to the free equity report can be found at:
www.WallStreetFundamentals.com/WMT
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.
Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: [email protected]