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MARKETS LIVE BLOG:

STOCKS SHED GAINS, TESLA SURGES DAY AFTER EARNINGS

Tesla shares jump after EV maker vows to speed up launch of more affordable models

Wall Street Fundamentals Releases New In-Depth Stock Reports on ACTV, ELLI, MXWL and SREV

ACCESSWIRE
·4 min read

Despite a less than stellar payrolls growth in July U.S. markets edged higher Friday. On Friday, the U.S. Labor Department reported 162,000 jobs were added in July, which was below economists' median forecast of 183,000, while the unemployment fell to 7.4 percent. The lower than anticipated jobs growth bolstered speculation that the Federal Reserve would continue on with its stimulus measures. "This isn’t a disaster of a report but it shows the U.S. remains vulnerable to a slower economic-growth performance," said Julia Coronado, BNP Paribas’ chief economist for North America. "This isn’t the kind of progress the Fed would like to see. At the margin, it keeps them cautious."

Active Network Inc. (NYSE:ACTV - News) shares traded in the range of $9.10 to $10.85 Friday before settling to close at $10.33, an increase of 24.31 percent. The stock appears to have some support at the $9.10 and $8.64 levels. The company has stated that it has received proposals to acquire or make an investment in the company. Shares of the Active Network have gained approximately 110.0 percent year-to-date.

More information on Active Network and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ACTV

Ellie Mae Inc. (NYSE:ELLI - News) shares traded in the range of $24.37 to $28.11 Friday before settling to close at $28.00, an increase of 16.04 percent. The stock appears to have some support at the $26.14 and $25.36 levels. The company reported revenues were $34.3 million for the second quarter of 2013, an increase of 45.0 percent year-over-year.

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More information on Ellie Mae and access to the free equity report can be found at:
www.WallStreetFundamentals.com/ELLI

Maxwell Technologies Inc. (NASDAQ:MXWL - News) shares traded in the range of $8.10 to $9.84 Friday before settling to close at $9.43, an increase of 17.73 percent. The stock appears to be facing some resistance at $10.68 with some support at the $8.72 and $7.89 levels. On Friday, the company completed the restatement of its financial results. Shares of Maxwell Technologies have gained approximately 13.6 percent year-to-date.

More information on Maxwell Technologies and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MXWL

Servicesource International Inc. (NASDAQ:SREV - News) shares traded in the range of $11.40 to $13.03 Friday before settling to close at $12.67, an increase of 19.08 percent. The stock appears to be facing some resistance at # 12.90 with some support at the $11.63 and $11.24 levels. The company reported revenues were $67.7 million for the second quarter of 2013, an increase of 13.0 percent year-over-year. Shares of Servicesource International have gained approximately 115.0 percent year-to-date.

More information on Servicesource International and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SREV

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: editor@wallstreetfundamentals.com