U.S. markets continued to tumble in January on disappointing earnings from major companies. AT&T, Boeing and Yahoo! all fell in Wednesday trading as their quarterly earnings failed to impress investors. The S&P 500 dropped 1.02 percent to close at 1,774.20. The index is on pace for its worst month since May 2012, the S&P 500 posted a gain of 5.0 percent last January. Additionally, the Federal Reserve has announced plans to cut its monthly bond purchases by an additional $10 billion to $65 billion.

The Dow Chemical Company (NYSE: DOW) shares traded in the range of $44.28 to $45.66 Wednesday before settling to close at $44.73, an increase of 3.88 percent. The stock appears to be facing some resistance at the $44.86 and $46.16 levels with some support at $44.41. The company reported revenues increased 3.0 percent to $14.39 billion for the fourth quarter of 2013, topping analysts? forecasts of $14.14 billion. Shares of Dow Chemical have gained approximately 30.0 percent in the past year.

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

EMC Corporation (NYSE: EMC) shares traded in the range of $24.45 to $25.44 Wednesday before settling to close at $24.5, a decrease of 2.88 percent. The stock appears to be facing some resistance at the $24.65 and $24.86 levels with some support at $24.25. The Silicon Valley Business Journal has reported that the company could cut up to 1,000 jobs this year. Shares of EMC have fallen approximately 2.0 percent in the past year.

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

Phillips 66 (NYSE: PSX) shares traded in the range of $70.81 to $76.90 Wednesday before settling to close at $74.18, a decrease of 1.20 percent. The stock appears to be facing some resistance at the $76.79 and $79.87 levels with some support at $64.57. The company reported a net income of $3.73 billion, or $6.02 per share, for 2013, down from $4.12 billion, or $6.48 per share, in 2012. Shares of Phillips 66 have gained approximately 30.0 percent in the past year.

More information on Phillips 66 and access to the free equity report can be found at:
www.WallStreetFundamentals.com/PSX

Valero Energy Corporation (NYSE: VLO) shares traded in the range of $48.60 to $52.44 Wednesday before settling to close at $51.40, an increase of 2.39 percent. The stock appears to be facing some resistance at the $52.59 and $54.83 levels with some support at $50.42. The company reported a 28.0 percent rise in profit for the fourth quarter, due to the spinoff of CST Brands Inc. Shares of Valero Energy have gained approximately 35.0 percent year-to-date.

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

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