U.S. markets declined slightly Wednesday on disappointing employment numbers. On Wednesday, Automatic Data Processing Inc. and Moody's Analytics reported U.S. businesses added 175,000 jobs in January, which was below economists’ forecasts of 189,000 jobs according to Dow Jones Newswires. All of the 10 sectors in the S&P 500 posted declines Wednesday pressuring the Index down 0.20 percent. According to data collected by Bloomberg, of the S&P 500 companies who have reported earnings so far approximately 78.0 percent have surpassed analysts’ estimates. The S&P 500 Index has fallen roughly 5.2 percent in 2014. Here is how some stocks reacted Wednesday:
Coca-Cola Enterprises Inc. (NYSE: CCE) shares traded in the range of $42.32 to $43.54 Wednesday before settling to close at $43.44, an increase of 1.14 percent. The stock appears to be facing some resistance at the $44.35 and $44.92 levels with some support at $43.29 and $42.74. The company reported net sales for the full year 2013 increase 2.0 percent year-over-year to $8.2 billion. Shares of Coca-Cola Enterprises have fallen approximately 1.5 percent year-to-date.
More information on Coca-Cola Enterprises and access to the free equity report can be found at: www.WallStreetFundamentals.com/CCE
C.H. Robinson Worldwide, Inc. (NASDAQ: CHRW) shares traded in the range of $52.50 to $54.50 Wednesday before settling to close at $53.16, a decrease of 9.35 percent. The stock appears to be facing some resistance at the $56.23, $56.89 and $57.62 levels. The company reported truckload net revenues declined 5.6 percent year-over-year in the fourth quarter of 2013. Shares of C.H. Robinson Worldwide have fallen approximately 9.0 percent year-to-date.
More information on C.H. Robinson Worldwide and access to the free equity report can be found at: www.WallStreetFundamentals.com/CHRW
GameStop Corp. (NYSE: GME) shares traded in the range of $33.55 to $35.00 Wednesday before settling to close at $34.76, an increase of 2.39 percent. The stock appears to be facing some resistance at the $36.37 and $39.24 levels with some support at $34.74. Analysts’ at Zacks Investment Research have recently downgraded the company to a “strong sell”. Shares of GameStop have fallen approximately 30.0 percent year-to-date.
More information on GameStop and access to the free equity report can be found at: www.WallStreetFundamentals.com/GME
Hasbro, Inc. (NASDAQ: HAS) shares traded in the range of $48.28 to $49.12 Wednesday before settling to close at $48.76, an increase of 0.16 percent. The stock appears to be facing some resistance at the $49.31 and $50.31 levels with some support at $48.72 and $47.52. The company is scheduled to release quarterly results on Monday, February 10th. Shares of Hasbro have fallen approximately 11.0 percent year-to-date.
More information on Hasbro and access to the free equity report can be found at: www.WallStreetFundamentals.com/HAS
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