U.S. markets were relatively muted Thursday as investors awaited Friday's jobs report. According to economists surveyed by the Wall Street Journal, the U.S. economy is expected to have added 200,000 jobs in March, which compares to 175,000 in February. The unemployment rate is expected to fall slightly to 6.6 percent. "If you have a decent economy, a modestly growing economy, that's supportive of corporate earnings and stocks can continue to benefit from that," said John Fox, director of research at Fenimore Asset Management.
American Electric Power Company Inc. (NYSE: AEP) shares traded in the range of $50.31 to $50.74 Thursday before settling to close at $50.57, an increase of 0.32 percent. The stock appears to be facing some resistance at the $50.60 and $52.00 levels with some support at $50.38 and $49.87. The company currently offers an annual dividend of $2.00 for a yield of roughly 3.95 percent. Shares of American Electric Power have gained approximately 8.0 percent year-to-date.
More information on American Electric Power and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AEP
Duke Energy Corp. (NYSE: DUK) shares traded in the range of $70.20 to $70.75 Thursday before settling to close at $70.45, an increase of 0.27 percent. The stock appears to be facing some resistance at the $70.45 and $70.84 levels with some support at $70.11 and $69.44. The company currently offers an annual dividend of $3.12 for a yield of roughly 4.43 percent. Shares of Duke Energy have gained approximately 2.0 percent year-to-date.
More information on Duke Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DUK
FirstEnergy Corp. (NYSE: FE) shares traded in the range of $33.33 to $33.87 Thursday before settling to close at $33.83, an increase of 1.220 percent. The stock appears to be facing some resistance at the $37.38 and $38.40 levels with some support at $33.67 and $32.86. The company currently offers an annual dividend of $1.44 for a yield of roughly 4.26 percent. Shares of FirstEnergy have gained approximately 2.5 percent year-to-date.
More information on FirstEnergy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FE
Pepco Holdings, Inc. (NYSE: POM) shares traded in the range of $20.11 to $20.30 Thursday before settling to close at $20.25, an increase of 0.55 percent. The stock appears to be facing some resistance at the $20.33 and $20.46 levels with some support at $20.19 and $20.06. The company currently offers an annual dividend of $1.08 for a yield of roughly 5.33 percent. Shares of Pepco Holdings have gained approximately 6.0 percent year-to-date.
More information on Pepco Holdings and access to the free equity report can be found at:
www.WallStreetFundamentals.com/POM
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