Declines in the high-growth technology sector dragged down U.S. markets Monday. The NASDAQ pulled back 1.16 percent, while the Dow Jones Industrial Average fell 1.02 percent. Additionally, analysts have lowered their first quarter earnings expectations after a harsh winter stunted economic growth. According to data from FactSet, S&P 500’s earnings are projected to decline 1.4 percent year-over-year. "People are trying to get more defensive ahead of this earnings season," said Keith Bliss, senior vice president of Cuttone & Co. "There have been revisions down on both earnings growth and revenue growth. They've been coming down pretty steadily since December." Here is how some tech companies reacted Monday:
Intuit Inc. (NASDAQ: INTU) shares traded in the range of $74.30 to $77.19 Monday before settling to close at $74.79, a decrease of 3.11 percent. The stock appears to be facing some resistance at the $75.01 and $75.68 levels with some support at $74.14 and $72.03. Shares of Intuit have fallen approximately 2.0 percent year-to-date.
More information on Intuit and access to the free equity report can be found at:
www.WallStreetFundamentals.com/INTU
Juniper Networks, Inc. (NYSE: JNPR) shares traded in the range of $25.19 to $25.79 Monday before settling to close at $25.33, a decrease of 2.20 percent. The stock appears to be facing some resistance at the $26.34 and $27.72 levels with some support at $25.22 and $21.68. Shares of Juniper Networks have gained approximately 12.0 percent year-to-date.
More information on Juniper Networks and access to the free equity report can be found at:
www.WallStreetFundamentals.com/JNPR
Teradata Corporation (NYSE: TDC) shares traded in the range of $45.45 to $47.85 Monday before settling to close at $45.72, a decrease of 4.33 percent. The stock appears to be facing some resistance at the $45.84 and $46.30 levels with some support at $45.22 and $44.71. Shares of Teradata have gained approximately 0.50 percent year-to-date.
More information on Teradata and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TDC
Western Digital Corp. (NASDAQ: WDC) shares traded in the range of $88.86 to $91.75 Monday before settling to close at $89.60, a decrease of 0.99 percent. The stock appears to be facing some resistance at the $89.73 and $98.07 levels with some support at $86.28 and $82.38. Shares of Western Digital are up approximately 7.0 percent year-to-date.
More information on Western Digital and access to the free equity report can be found at:
www.WallStreetFundamentals.com/WDC
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]