U.S. markets posted a slight decline to break a two-week win streak. The Dow Jones Industrial Average and the S&P 500 Index both posted losses of 0.19 percent down 2.86 percent and 0.66 percent for the year, respectively. Investors have had to digest mixed economic data due to cold weather temperatures. On Friday, the National Association of Realtors reported existing home sales in January dropped 5.1 percent to a seasonally adjusted annual rate of 4.62 million, which was the lowest in 18 months. Here is how some stocks reacted Friday:
Federal Home Loan Mortgage Corp. (OTCBB: FMCC) shares traded in the range of $3.20 to $3.34 Friday before settling to close at $3.24, an increase of 0.62 percent. The stock appears to have some support at the $3.10, $2.86 and $2.71 levels. The company is scheduled to release quarterly results on Friday, February 28th. Shares of Freddie Mac have gained approximately 11.0 percent year-to-date.
More information on Freddie Mac and access to the free equity report can be found at:
Federal National Mortgage Association (OTCBB: FNMA) shares traded in the range of $3.26 to $3.41 Friday before settling to close at $3.28, a decrease of 0.30 percent. The stock appears to be facing some resistance at the $3.46 and $3.92 levels with some support at $3.10 and $2.81. The company reported a net income of $6.5 billion for the fourth quarter of 2013, its eight consecutive quarter of profitability. Shares of Fannie Mae have gained approximately 9.0 percent year-to-date.
More information on Fannie Mae and access to the free equity report can be found at:
Starz (NASDAQ: STRZA) shares traded in the range of $30.06 to $31.76 Friday before settling to close at $31.15, an increase of 5.59 percent. The stock appears to have some support at the $30.48, $30.04 and $29.64 levels. The company reported revenues were $1,777.5 million for the full year 2013, an increase of 9.0 percent year-over-year. Shares of Starz have gained approximately 6.5 percent year-to-date.
More information on Starz and access to the free equity report can be found at:
YRC Worldwide, Inc. (NASDAQ: YRCW) shares traded in the range of $20.78 to $22.34 Friday before settling to close at $22.17, an increase of 5.98 percent. The stock appears to be facing some resistance at the $23.01 and $26.12 levels with some support at $21.07 and $19.89. The company is scheduled to release quarterly results on Thursday, February 27th. Shares of YRC Worldwide have gained approximately 27.0 percent year-to-date.
More information on YRC Worldwide and access to the free equity report can be found at:
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