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Wall Street Fundamentals Releases New In-Depth Stock Reports on AXL, DRQ, MHK and SEE

ACCESSWIRE

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."

American Axle & Manufacturing Holdings, Inc. (NYSE:AXL - News) shares traded in the range of $19.98 to $21.41 Friday before settling to close at $20.94 an increase of 5.81 percent. The stock appears to be facing some resistance at $20.97 with some support at the $19.51 and $18.49 levels. The company reported sales $799.6 million for the second quarter of 2013, an increase of 8.1 percent year-over-year. Shares of American Axle & Manufacturing have gained approximately 87.0 percent year-to-date.

More information on American Axle and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AXL

Dril-Quip, Inc. (NYSE:DRQ - News) shares traded in the range of $95.61 to $101.36 Friday before settling to close at $101.01, an increase of 7.99 percent. The stock appears to have some support at the $96.65 and $95.35 levels. The company reported total revenues were $222.0 million for the second quarter of 2013, an increase of 26.0 percent year-over-year. Shares of Dril-Quip have gained approximately 38.0 percent year-to-date.

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More information on Dril-Quip and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DRQ

Mohawk Industries, Inc. (NYSE:MHK - News) shares traded in the range of $128.71 to $134.21 Friday before settling to close at $129.97, an increase of 7.16percent. The stock appears to have some support at the $128.71 and $119.53 levels. The company reported net sales were $2.0 billion for the second quarter of 2013, an increase of 35 percent year-over-year. Shares of Mohawk Industries have gained approximately 44.0 percent year-to-date.

More information on Mohawk Industries and access to the free equity report can be found at:
www.WallStreetFundamentals.com/MHK

Sealed Air Corp. (NYSE:SEE - News) shares traded in the range of $28.35 to $30.66 Friday before settling to close at $30.36, an increase of 8.90 percent. The stock appears to have some support at the $29.01 and $28.40 levels. The company reported EPS was $0.26 per share for the second quarter of 2013, compared to a loss of $0.07 per share a year ago. Shares of Sealed Air have gained approximately 73.0 percent year-to-date.

More information on Sealed Air and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SEE

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