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MARKETS LIVE BLOG:

STOCKS SLIDE AFTER META'S REALITY CHECK, WITH GDP ON DECK

Owner of Facebook and Instagram plans to spend up to US$10B on AI infrastructure investments

Wall Street Fundamentals Releases New In-Depth Stock Reports on FCX, SCCO, TC and TCK

ACCESSWIRE

Disappointing data out of China, who accounts for 40.0 percent of global copper consumption, pressured copper prices lower Monday. Prices for the commodity have fallen roughly 10.0 percent in 2014. The General Administration of Customs reported China’s exports unexpectedly decline 18.1 percent year-over-year in February, while imports spiked 10.1 percent, resulting in a trade deficit of $23 billion. The nation posted a trade surplus of $32.0 billion in January. "The data shows that the economy faces relatively big downward pressures and macro-policies need to be loosened a bit." said Li Heng, an economist with Minsheng Securities. Here is how some stock reacted Monday:

Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX - News) shares traded in the range of $30.87 to $31.69 Monday before settling to close at $31.38, a decrease of 2.52 percent. The stock appears to be facing some resistance at the $32.04 and $32.47 levels with some support at $30.94. Shares of Freeport-McMoRan are down approximately 16.0 percent year-to-date.

More information on Freeport-McMoRan and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FCX

Southern Copper Corp. (NYSE:SCCO - News) shares traded in the range of $27.63 to $28.48 Monday before settling to close at $27.98, a decrease of 3.52 percent. The stock appears to be facing some resistance at the $28.63 and $29.38 levels with some support at $27.60 and $27.27. Shares of Southern Copper are down approximately 2.50 percent year-to-date.

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

Thompson Creek Metals Company Inc. (NYSE:TC - News)(TSX:TCM.TO - News) shares traded in the range of $2.45 to $2.64 Monday before settling to close at $2.47, a decrease of 6.44 percent. The stock appears to be facing some resistance at the $2.52 and $2.66 levels with some support at $2.41 and $2.26. Shares of Thompson Creek Metals are up approximately 13.0 percent year-to-date.

More information on Thompson Creek Metals and access to the free equity report can be found at:
www.WallStreetFundamentals.com/TC

Teck Resources Ltd. (NYSE:TCK - News) shares traded in the range of $21.25 to $21.86 Monday before settling to close at $21.45, a decrease of 2.50 percent. The stock appears to be facing some resistance at the $21.91, $22.49 and $22.87 levels. Shares of Teck Resources have fallen approximately 18.0 percent year-to-date.

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

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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