U.S. markets rose on the last day of the first quarter. All but the energy sector posted gains in the S&P 500 Index, with the biotechnology sector leading the way. The S&P 500 Index gained 0.79 percent, up 1.3 percent in the first quarter of 2014, while the Nasdaq gained 1.04 percent, up 0.54 percent in the first quarter. "We're starting the second quarter pretty much where we started the first quarter—not much changed and still concerns about whether we'll see the arrival of better growth," said Kate Warne, investment strategist at Edward Jones. Here is how some companies reacted Monday:
Microsoft Corporation (NASDAQ: MSFT) shares traded in the range of $40.40 to $41.50 Monday before settling to close at $40.99, an increase of 1.71 percent. The stock appears to have some support at the $40.74, $39.75 and $38.99 levels. Shares of Microsoft have gained approximately 10.0 percent year-to-date.
More information on Microsoft and access to the free equity report can be found at: www.WallStreetFundamentals.com/MSFT
Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) shares traded in the range of $19.73 to $20.04 Monday before settling to close at $20.02, an increase of 1.93 percent. The stock appears to be facing some resistance at $20.22 with some support at the $19.43 and $19.16 levels. Shares of Taiwan Semiconductor are up approximately 15.0 percent year-to-date.
More information on Taiwan Semiconductor and access to the free equity report can be found at: www.WallStreetFundamentals.com/TSM
Verizon Communications Inc. (NYSE: VZ) shares traded in the range of $47.50 to $47.83 Monday before settling to close at $47.57, an increase of 0.32 percent. The stock appears to be facing some resistance at the $48.00 and $48.78 levels with some support at $47.25 and $46.72. Shares of Verizon Communications are down approximately 3.0 percent year-to-date.
More information on Verizon Communications and access to the free equity report can be found at: www.WallStreetFundamentals.com/VZ
Xencor Inc. (NASDAQ: XNCR) shares traded in the range of $10.53 to $12.00 Monday before settling to close at $11.73, an increase of 11.18 percent. The stock appears to be facing some resistance at the $11.88 and $12.44 levels with some support at $11.31 and $9.96. Shares of Xencor are up approximately 28.0 percent year-to-date.
More information on Xencor and access to the free equity report can be found at: www.WallStreetFundamentals.com/XNCR
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