U.S. markets continued to fall this week as last week’s weaker-than-expected jobs report has raised concerns regarding the nation’s current economic outlook. "The market's extremely jittery right now. There's broad-based expectation for a little bit of a pullback," said David Seaburg, Cowen & Company head of sales & trading. The Dow Jones Industrial Average fell 1.09 percent, its largest drop one-day drop in nearly three months, while the S&P 500 Index fell 1.26 percent, its largest drop since November 7th. Here is how some Blue Chips reacted Monday:
Facebook Inc. (NASDAQ: FB) shares traded in the range of $55.38 to $58.25 Monday before settling to close at $55.91, a decrease of 3.50 percent. The stock appears to be facing some resistance at $57.53 with some support at the $54.88 and $52.39 levels. Shares of Facebook have gained approximately 75.0 percent in the past year.
More information on Facebook and access to the free equity report can be found at: www.WallStreetFundamentals.com/FB
The Coca-Cola Company (NYSE: KO) shares traded in the range of $39.50 to $40.13 Monday before settling to close at $39.53, a decrease of 1.50 percent. The stock appears to be facing some resistance at the $39.65 and $40.04 levels with some support at $39.36. Shares of Coca-Cola have gained approximately 7.0 percent in the past year.
More information on Coca-Cola and access to the free equity report can be found at: www.WallStreetFundamentals.com/KO
McDonald's Corporation (NYSE: MCD) shares traded in the range of $94.59 to $95.83 Monday before settling to close at $94.83, a decrease of 1.01 percent. The stock appears to be facing some resistance at the $39.75 and $40.49 levels with some support at $38.65. Shares of Lennar have gained approximately 3.0 percent in the past year.
More information on McDonald's and access to the free equity report can be found at: www.WallStreetFundamentals.com/MCD
Starbucks Corporation (NASDAQ: SBUX) shares traded in the range of $74.76 to $77.39 Monday before settling to close at $75.12, a decrease of 3.28 percent. The stock appears to be facing some resistance at the $75.26 and $76.05 levels with some support at $74.28. Shares of Starbucks have gained approximately 35.0 percent in the past year.
More information on Starbucks and access to the free equity report can be found at: www.WallStreetFundamentals.com/SBUX
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 FundamentalsWebsite: www.WallStreetFundamentals.comEmail: [email protected]