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:
Checkpoint Systems, Inc. (NYSE: CKP) shares traded in the range of $13.58 to $15.25 Friday before settling to close at $14.00, a decrease of 7.28 percent. The stock appears to be facing some resistance at the $14.48 and $15.17 levels with some support at $13.86 and $13.50. The company has delayed the release of its 2013 fourth quarter and fiscal year earnings release and conference call. Shares of Checkpoint Systems have fallen approximately 11.0 percent year-to-date.
More information on Checkpoint Systems and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CKP
H&R Block Inc. (NYSE: HRB) shares traded in the range of $30.03 to $31.00 Friday before settling to close at $30.39, a decrease of 1.84 percent. The stock appears to be facing some resistance at the $30.72 and $31.06 levels with some support at $30.31 and $29.73. The company reported revenues were $200.0 million for the third quarter of fiscal 2014, a decrease of 58.0 percent when compared to a year ago. Shares of H&R Block have gained approximately 5.0 percent year-to-date.
More information on H&R Block and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HRB
Palo Alto Networks Inc. (NYSE: PANW) shares traded in the range of $68.10 to $78.59 Friday before settling to close at $77.12, an increase of 11.04 percent. The stock appears to be facing some resistance at $78.81 with some support at the $72.06 and $70.01. The company announced that the Delaware District Court declared a mistrial in a lawsuit brought by Juniper Networks against Palo Alto Networks. Shares of Palo Alto Networks have gained approximately 34.0 percent year-to-date.
More information on Palo Alto Networks and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PANW
The E.W. Scripps Company (NYSE: SSP) shares traded in the range of $18.00 to $20.00 Friday before settling to close at $18.32, a decrease of 7.85 percent. The stock appears to be facing some resistance at the $18.62 and $19.01 levels with some support at $17.69 and $17.45. The company reported revenues were $220.8 million for the fourth quarter of 2013, a decrease of 15.0 percent when compared to a year ago. Shares of E.W. Scripps have fallen approximately 15.0 percent year-to-date.
More information on E.W. Scripps and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SSP
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