Advertisement
Canada markets closed

  • S&P/TSX

    21,969.24
    +83.86 (+0.38%)
     

  • S&P 500

    5,099.96
    +51.54 (+1.02%)
     

  • DOW

    38,239.66
    +153.86 (+0.40%)
     

  • CAD/USD

    0.7316
    -0.0007 (-0.09%)
     

  • CRUDE OIL

    83.66
    +0.09 (+0.11%)
     

  • Bitcoin CAD

    87,312.82
    -930.43 (-1.05%)
     

  • CMC Crypto 200

    1,327.15
    -69.38 (-4.97%)
     

  • GOLD FUTURES

    2,349.60
    +7.10 (+0.30%)
     

  • RUSSELL 2000

    2,002.00
    +20.88 (+1.05%)
     

  • 10-Yr Bond

    4.6690
    -0.0370 (-0.79%)
     

  • NASDAQ

    15,927.90
    +316.14 (+2.03%)
     

  • VOLATILITY

    15.03
    -0.34 (-2.21%)
     

  • FTSE

    8,139.83
    +60.97 (+0.75%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6838
    +0.0017 (+0.25%)
     

Wall Street Fundamentals Releases New In-Depth Stock Reports on EBAY, ETFC, EW and LEN

ACCESSWIRE

Markets fluctuated Monday after the Standard & Poor's upgraded its outlook on the U.S.’s AA+ credit rating to “stable” from “negative”. According to a recent Wall Street Journal article Moody's Investors Service has stated they will “likely” upgrade its negative on the U.S. later this year. “It was a quite shocking event for the markets when the U.S. was downgraded to negative, so to have that rating repaired is meaningful,” Lawrence Creatura, a Rochester, a fund manager at Federated Investors Inc. Here is how some companies in the S&P 500 reacted Monday:

eBay Inc. (NASDAQ:EBAY - News) shares traded in the range of $51.60 to $53.39 Monday before settling to close at $53.25, an increase of 3.49 percent. The stock appears to be facing resistance at $53.77 with some support at $52.51. The company reported revenues for the first quarter of 2013 totaled $3.7 billion, an increase of 14 percent when compared to the year ago quarter. Shares of eBay have gained approximately 4.4 percent in 2013.

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

E TRADE Financial Corporation (NASDAQ:ETFC - News) shares traded in the range of $11.66 to $11.88 Monday before settling to close at $11.87, an increase of 0.94 percent. The stock appears to have some resistance at 12.41 with support at $11.81. The company reported a net income of $35 million, or $0.12 per share, for the first quarter of 2013, compared to a net loss of $186 million, or $0.65 loss per share, in the previous quarter. Shares of E TRADE Financial have gained approximately 32.5 percent in 2013.

ADVERTISEMENT

More information on E TRADE Financial and access to the free equity report can be found at: www.WallStreetFundamentals.com/ETFC

Edwards Lifesciences Corp. (NYSE:EW - News) shares traded in the range of $68.00 to $69.79 Monday before settling to close at $69.45, an increase of 3.35 percent. The stock appears to be facing some resistance at $71.37 with support at $67.31. Credit Suisse analyst Bruce Nudell has recently upgraded the company’s rating to "outperform" from "neutral" and has also raised his price target on the stock to $77.00 from $73.00. Shares of Edwards Lifescienceshave fallen approximately 23.0 percent in 2013.

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

Lennar Corporation (NYSE:LEN - News) shares traded in the range of $36.90 to $38.23 Monday before settling to close at $3.34, a decrease of 3.34 percent. The stock appears to have resistance at the $37.53 and $40.43 levels. J.P. Morgan analyst Michael Rehaut has recently lowered the company’s rating to “neutral” from “overweight”. Shares of Lennar are down approximately 3.5 percent in 2013.

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

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