Investors are eagerly awaiting the outcome of the two-day Fed policy meeting, which began Tuesday. Historically, the markets have reacted well to the curbing of stimulus measures. According to data from Bloomberg, the S&P 500 Index have averaged a 16 percent gain over two years the previous four times interest rates were raised by the central bank. ?The Fed tightening, that?s good for stocks,? said John Canally, investment strategist at LPL Financial Corp. John Canally. ?You have to remember why they?re doing this, because they think the economy is in a self-sustaining phase, which ultimately is good for profits, which is good for stocks.? Here is how some companies in the S&P 500?s utility sector reacted Tuesday:
American Electric Power Company Inc. (NYSE:AEP - News) shares traded in the range of $45.49 to $46.11 Tuesday before settling to close at $45.90, an increase of 0.72 percent. The stock appears to be facing some resistance at $46.34 with some support at $45.55. The company currently pays a quarterly dividend of $0.49 per share for a dividend yield of roughly 4.25 percent. Shares of American Electric have gained approximately 7.5 percent in 2013.
More information on American Electric and access to the free equity report can be found at:
www.WallStreetFundamentals.com/AEP
Duke Energy Corp. (NYSE:DUK - News) shares traded in the range of $67.09 to $68.32 Tuesday before settling to close at $68.23, an increase of 0.86 percent. The stock appears to be facing some resistance at $69.48 with some support at $68.08. The company currently pays a quarterly dividend of $0.765 per share for a dividend yield of roughly 4.5 percent. Shares of Duke Energy have gained approximately 6.9 percent in 2013.
More information on Duke Energy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/DUK
FirstEnergy Corp. (NYSE:FE - News) shares traded in the range of $38.05 to $38.46 Tuesday before settling to close at $38.25, an increase of 0.26 percent. The stock appears to be facing some resistance at $38.30 with some support at $37.02. The company currently pays a quarterly dividend of $0.55 per share for a dividend yield of roughly 5.75 percent. Shares of FirstEnergy have fallen approximately 8.41 percent in 2013.
More information on FirstEnergy and access to the free equity report can be found at:
www.WallStreetFundamentals.com/FE
The Southern Company (NYSE:SO - News) shares traded in the range of $44.45 to $44.89 Tuesday before settling to close at $44.75, an increase of 0.52 percent. The stock appears to be facing resistance at $44.88 with some support at $44.11. The company currently pays a quarterly dividend of $0.5075 per share for a dividend yield of roughly 4.5 percent. Shares of the Southern Company have gained approximately 4.5 percent in 2013.
More information on The Southern Company and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SO
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Source: http://news.yahoo.com/wall-street-fundamentals-releases-depth-stock-reports-aep-124000131.html
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