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MARKETS LIVE BLOG:

S&P 500 SLIPS BELOW 5,000; NASDAQ SINKS ON NETFLIX DRAG

Fed's Goolsbee says 'It makes sense to wait' before cutting rates

Wall Street Fundamentals Releases New In-Depth Stock Reports on EBAY, GRPN, NSTG and ORCL

ACCESSWIRE

Declines in the high-growth technology sector dragged down U.S. markets Monday. The NASDAQ pulled back 1.16 percent, while the Dow Jones Industrial Average fell 1.02 percent. Additionally, analysts have lowered their first quarter earnings expectations after a harsh winter stunted economic growth. According to data from FactSet, S&P 500’s earnings are projected to decline 1.4 percent year-over-year. "People are trying to get more defensive ahead of this earnings season," said Keith Bliss, senior vice president of Cuttone & Co. "There have been revisions down on both earnings growth and revenue growth. They've been coming down pretty steadily since December." Here is how some tech companies reacted Monday:

eBay Inc. (NASDAQ:EBAY - News) shares traded in the range of $52.86 to $54.12 Monday before settling to close at $52.95, a decrease of 1.94 percent. The stock appears to be facing some resistance at the $53.50 and $54.17 levels with some support at $52.20 and $51.78. Shares of eBay have fallen approximately 3.50 percent year-to-date.

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

Groupon Inc. (NASDAQ:GRPN - News) shares traded in the range of $7.21 to $7.84 Monday before settling to close at $7.45, a decrease of 4.97 percent. The stock appears to be facing some resistance at the $7.79, $8.20 and $8.74 levels. Shares of Groupon have fallen approximately 36.0 percent year-to-date.

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

NanoString Technologies Inc. (NASDAQ:NSTG - News) shares traded in the range of $17.19 to $19.70 Monday before settling to close at $17.42, a decrease of 12.20 percent. The stock appears to be facing some resistance at the $17.53 and $20.27 levels with some support at $17.00 and $15.37. Shares of NanoString Technologies are up approximately 1.0 percent year-to-date.

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

Oracle Corporation (NYSE:ORCL - News) shares traded in the range of $39.04 to $39.92 Monday before settling to close at $39.47, a decrease of 1.28 percent. The stock appears to be facing some resistance at the $39.60 and $40.00 levels with some support at $38.38 and $37.51. Shares of Oracle have gained approximately 3.0 percent year-to-date.

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

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