Pre-Market Analysis: Staples, Norfolk Southern, Sinclair Broadcast Group, and Avnet
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Jun 19, 2013, 08:18 ET
LONDON, June 19, 2013 /PRNewswire/ --
A report released earlier this month showed that the vast services sector in the U.S. expanded in the month of May. The Institute for Supply Management's (ISM) non-manufacturing index showed a reading of 53.7 in May compared to 53.1 in April 2013. The ongoing improvement in the services sector is driven mainly by improvement in the overall economic environment. On Tuesday, June 18, 2013, the U.S. services sector ended mostly higher, tracking gains in the broader market which rose sharply for a second successive day even as market participants wait for Federal Reserve's monetary policy statement. The major movers in the sector included Staples Inc. (NASDAQ: SPLS), Norfolk Southern Corp. (NYSE: NSC), Sinclair Broadcast Group Inc. (NASDAQ: SBGI), and Avnet Inc. (NYSE: AVT). All these companies are tracked by AAAResearchReports.com. Free technical research on SPLS, NSC, SBGI, and AVT can be downloaded upon sign up at
Shares in Staples Inc. ended slightly higher on Tuesday, tracking gains in the broader market. The company's shares finished the day at $16.48 or up 0.30%, after trading between $16.29 and $16.62 throughout the session. A total of 8.24 million shares were exchanged which is below the daily average volume of 9.43 million. The company's shares have grown by over 5% in the last three trading sessions. The stock is currently trading near its 52-week high of $16.63. Since the start of 2013, shares of this specialty retailer have jumped over 48.0%, thus outperforming the S&P 500. Sign up and read the complimentary report on SPLS at:
Norfolk Southern Corp.'s stock moved higher yesterday, finishing at $77.03, or up 0.75% from its previous closing price. The company's shares traded between $76.38 and $77.33. A total of 1.47 million shares were exchanged which is below the daily average volume of 1.88 million. Norfolk Southern's shares are trading slightly below its 50-day moving average of 77.15. However, the stock is trading above its 200-day moving average of 76.96. So far this year, shares of this railroads company have grown by 26.13%. Additionally, the stock is currently trading 4.90% below its 52-week high. The free report on NSC can be downloaded by signing up now at:
Shares in Sinclair Broadcast Group Inc. moved higher on Tuesday, extending their gains from previous trading sessions. The company's shares ended the day 0.42% higher at $28.57 after trading between $28.25 and $29.28. A total of 2.26 million shares were traded which is well above the daily average volume of 1.65 million. Shares of TV broadcaster Sinclair have grown by over 5.20% in the last three sessions. The stock is currently trading near its 52-week high. So far in 2013, the stock has gained over 130%, thus outperforming the S&P 500. A free report on SBGI can be accessed by registering at:
Avnet Inc.'s stock ended slightly lower on Tuesday, even as the broader market posted gains. The company's shares traded between $34.14 and $34.39 before finishing the day 0.18% lower at $34.18. A total of 541,908 shares were traded which is well below the daily average volume of 749,707. However, despite the pullback yesterday, Avnet's shares have gained over 1.50% in the last three trading sessions. Furthermore, the stock is currently trading above its 50- and 200-day moving averages. Register with AAA Research Reports and download research on AVT for free at:
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