Wall Street Fundamentals Releases New In-Depth Stock Reports on ADBE, FDX, JBL and ORCL


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Companies Mentioned

NASDAQ:ADBE / NYSE:FDX / NYSE:JBL / NYSE:ORCL
03/20/2014 [ACCESSWIRE]

Markets experienced a pullback Wednesday after the Federal Reserve announced it would cut back further on stimulus measures. The Dow Jones declined 0.70 percent, while the S&P 500 and Nasdaq dropped 0.61 percent and 0.59 percent, respectively. Beginning in April, the Fed will cut back bond purchases to $55 billion a month from $65.0 billion. Most Fed officials, 13 of 16, don’t expect the central bank to raise interests rates until 2015.

Adobe Systems Inc. (NASDAQ: ADBE) shares traded in the range of $66.15 to $69.01 Wednesday before settling to close at $67.63, a decrease of 1.30 percent. The stock appears to be facing some resistance at the $67.71 and $70.13 levels with some support at $62.11 and $60.89. Shares of Adobe Systems are up approximately 13.0 percent year-to-date.

More information on Adobe Systems and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/ADBE

FedEx Corporation (NYSE: FDX) shares traded in the range of $137.14 to $141.17 Wednesday before settling to close at $138.38, a decrease of 0.14 percent. The stock appears to be facing some resistance at the $138.59 and $140.45 levels with some support at $135.70 and $131.92. Shares of FedEx are down approximately 4.0 percent year-to-date.

More information on FedEx and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/FDX

Jabil Circuit, Inc. (NYSE: JBL) shares traded in the range of $18.11 to $18.50 Wednesday before settling to close at $18.26, a decrease of 0.76 percent. The stock appears to be facing some resistance at the $18.32 and $19.34 levels with some support at $17.41 and $16.59. Shares of Jabil Circuit are up approximately 5.0 percent year-to-date.

More information on Jabil Circuit and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/JBL

Oracle Corporation (NYSE: ORCL) shares traded in the range of $37.40 to $38.96 Wednesday before settling to close at $38.55, a decrease of 0.75 percent. The stock appears to be facing some resistance at the $39.68 and $40.33 levels with some support at $38.40 and $37.81. Shares of Oracle are up approximately 1.0 percent year-to-date.

More information on Oracle and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/ORCL

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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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