U.S. markets gained Friday after data showed more jobs were created in February than forecasted. The Dow Jones Industrial average gained 0.19 percent to close up 0.8 percent for the week, while the S&P 500 Index gained 0.05 percent to close up 1.0 percent for the week. On Friday, the Labor Department reported nonfarm payrolls increased by a seasonally adjusted 175,000 in February, topping the consensus estimate of 150,000. "It's a very encouraging report, indicating that we've mostly seen weather disruptions," said Morgan Stanley economist Ted Wieseman. Here is how some stocks reacted Friday:
Ambarella Inc. (NASDAQ: AMBA) shares traded in the range of $30.60 to $34.50 Friday before settling to close at $31.50, a decrease of 7.43 percent. The stock appears to be facing some resistance at the $32.51 and $35.61 levels with some support at $29.45 and $25.76. The company reported revenues were $40.0 million for the fourth quarter of fiscal 2014, an increase of 26.8 percent when compared to a year ago. Shares of Ambarella have fallen approximately 7.0 percent year-to-date.
More information on Ambarella and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AMBA
Bitauto Holdings Ltd. (NYSE: BITA) shares traded in the range of $38.80 to $43.50 Friday before settling to close at $39.79, a decrease of 8.02 percent. The stock appears to be facing resistance at $46.78 with some support at the $38.05 and $34.63 levels. The company reported revenues were RMB483.6 million (US$79.9 million) for the fourth quarter of 2013, an increase of 36.3 percent when compared to a year ago. Shares of Bitauto have gained approximately 25.0 percent year-to-date.
More information on Bitauto and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BITA
Stage Stores Inc. (NYSE: SSI) shares traded in the range of $22.57 to $25.10 Friday before settling to close at $24.36, an increase of 8.94 percent. The stock appears to have some support at the $22.71, $21.82 and $21.64 levels. The company announced that it has agreed to sell its Steele’s division, which it expects to consummate during the first quarter of 2014. Shares of Stage Stores have gained approximately 10.0 percent year-to-date.
More information on Stage Stores and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SSI
58.com Inc. (NYSE: WUBA) shares traded in the range of $53.25 to $58.89 Friday before settling to close at $58.32, an increase of 8.83 percent. The stock appears to have some support at the $53.24 and $45.33 levels. The company reported revenues were $45.3 for the fourth quarter of 2013, an increase of 83.2 percent when compared to a year ago. Shares of 58.com have gained approximately 50.0 percent year-to-date.
More information on 58.com and access to the free equity report can be found at:
www.WallStreetFundamentals.com/WUBA
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]