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Wall Street Fundamentals Releases New In-Depth Stock Reports on BMY, CHK, HTZ and SHLD

ACCESSWIRE

Markets rallied sharply Monday on positive U.S. economic data. The Dow Jones gained 1.13 percent, while the S&P 500 and Nasdaq posted gains of 0.96 percent and 0.81 percent, respectively. The Federal Reserve reported U.S. factory production increased 0.8 percent in February, following a 0.9 percent decline in January. The gain was the highest in six months and larger than the 0.2 percent increase forecasted by economists. "The economy's engines are starting back up after a cold January. It makes us more confident the economy will continue to move forward as the year progresses," said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi UFJ Ltd. Here is how some stocks reacted Monday:

Bristol-Myers Squibb Co. (NYSE:BMY - News) shares traded in the range of $54.18 to $54.90 Monday before settling to close at $54.72, an increase of 1.33 percent. The stock appears to be facing some resistance at the $54.64 and $55.73 levels with some support at $53.99 and $53.44. The company announced that it has signed a collaboration agreement with Five Prime Therapeutics. Shares of Bristol-Myers Squibb are up approximately 3.0 percent year-to-date.

More information on Bristol-Myers Squibb and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BMY

Chesapeake Energy Corporation (NYSE:CHK - News) shares traded in the range of $24.62 to $25.45 Monday before settling to close at $24.69, a decrease of 1.36 percent. The stock appears to be facing some resistance at the $25.33 and $25.64 levels with some support at $24.39. The company announced that it has filed paperwork with the U.S. Securities and Exchange Commission for the spinoff of Chesapeake’s oilfield services division. Shares of Chesapeake Energy are down approximately 9.0 percent year-to-date.

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More information on Chesapeake Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/CHK

Hertz Global Holdings, Inc. (NYSE:HTZ - News) shares traded in the range of $27.17 to $28.08 Monday before settling to close at $27.22, an increase of 4.77 percent. The stock appears to be facing some resistance at the $26.10 and $26.75 levels with some support at $25.45 and $25.07. The company announced plans to spin off its equipment rental business. Shares of Hertz Global Holdings are down approximately 5.0 percent year-to-date.

More information on Hertz Global Holdings and access to the free equity report can be found at:
www.WallStreetFundamentals.com/HTZ

Sears Holdings Corp. (NASDAQ:SHLD - News) shares traded in the range of $44.12 to $46.50 Monday before settling to close at $44.84, an increase of 1.89 percent. The stock appears to be facing some resistance at the $45.33 and $47.28 levels with some support at $43.32 and $41.10. The company’s Board of Directors has approved the separation of its Lands’ End Business. Shares of Sears Holdings are down approximately 8.0 percent year-to-date.

More information on Sears Holdings and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SHLD

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.

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Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com