U.S. markets rallied Friday as the May payrolls rose more than expected, but not enough to sway the Federal Reserve’s decision on monetary tightening. On Friday, the Dow Jones Industrial Average posted a 1.38 gain, while the S&P 500 increased 1.28 percent. The Labor Department reported 175,000 jobs were created in May, topping the consensus forecast of 164,000. “I don’t think this [the nonfarm-payrolls report] is going to push them too far one way or the other. The unemployment rate is still above their target, and other than gasoline prices, we’re not seeing much in the way of inflationary forces that would scare them,” said Bruce McCain, chief investment strategist at Key Private Bank. Here is how some companies in the S&P 500 reacted Friday:
The Boeing Company (NYSE:BA - News) shares traded in the range of $100.06 to $102.59 Friday before settling to close at $102.49, an increase of 2.74 percent. The stock appears to be facing some resistance at $102.94 with support at $100.06. The company recently announced that it has begun final assembly of the first 787-9 Dreamliner. Shares of The Boeing Company are up approximately 36 percent in 2013.
More information on The Boeing Company and access to the free equity report can be found at: www.WallStreetFundamentals.com/BA
Celgene Corporation (NASDAQ:CELG - News) shares traded in the range of $116.92 to $120.58 Friday
before settling to close at $120.41, an increase of 4.20 percent. The stock appears to have reasonable support at $119.62. The company recently announced that the FDA has approved REVLIMID for the treatment of patients with relapsed or refractory mantle cell lymphoma (MCL). Shares of Apollo Groupare up approximately 53.5 percent in 2013.
More information on Celgene and access to the free equity report can be found at: www.WallStreetFundamentals.com/CELG
The Home Depot, Inc. (NYSE:HD - News) shares traded in the range of $77.59 to $78.97 Friday before settling to close at $78.74, an increase of 1.92 percent. The stock appears to be facing some resistance at $80.09 with support at $77.12. The company reported net earnings were $1.2 billion for the first quarter of 2013, up from net earnings of $1.0 billion in the year ago quarter. Shares of Home Depot are up approximately 27.0 percent in 2013.
More information on The Home Depot and access to the free equity report can be found at: www.WallStreetFundamentals.com/HD
NRG Energy Inc. (NYSE:NRG - News) shares traded in the range of $26.25 to $27.34 Friday before settling to close at $27.10, an increase of 5.65 percent. The stock appears to be facing some resistance at $27.39 with some support at $26.90. The company announced that its subsidiary, NRG Yield, Inc., hasfiled a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of Class A common stock. Shares of NRG Energy have gained approximately 18 percent in 2013.
More information on NRG Energy and access to the free equity report can be found at: www.WallStreetFundamentals.com/NRG
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