Yahoo Finance Today’s Research Reports on Trending Tickers: Adobe Systems and Universal Display
NEW YORK, NY / ACCESSWIRE / March 12, 2018 / U.S. markets hiked higher on Friday, with the Dow Jones breaking above the 25,000 threshold, on the back of a stronger-than-expected jobs report. The Dow Jones Industrial Average gained 1.77 percent to close at 25,335.74, while the S&P 500 Index increased 1.74 percent to close at 2,786.57. The Nasdaq Composite Index jumped 1.79 percent to close at 7,560.81.
"You're getting strong jobs with not a lot of wage growth, which is perfect below expectations. And that's what's sort of powering the futures right. It's the best of both worlds," said Robert Pavlik, chief investment strategist at SlateStone Wealth.
RDI Initiates Coverage on:
Adobe Systems Inc.
https://rdinvesting.com/news/?ticker=ADBE
Universal Display Corporation
https://rdinvesting.com/news/?ticker=OLED
Adobe Systems Inc.'s stock moved 2.18% higher Friday, to close the day at $221.11. The stock recorded a trading volume of 2,642,259 shares, which was below its three months average volume of 2,742,277 shares. In the last year, Adobe Systems Inc.'s shares have traded in a range of 120.62 - 221.27. The share price has gained 83.31% from its 52 week low. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $201.85 is greater than its 200-day moving average of $177.11. Shares of the company are trading at a Price to Earnings ratio of 65.42. Shares of Adobe Systems have gained roughly 17.62 percent in the past month and are up 26.18 percent year-to-date.
Access RDI's Adobe Systems Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ADBE
On Friday, shares of Universal Display Corporation recorded a trading volume of 1,597,961 shares, which was above the three months average volume of 1,515,559 shares. The stock ended the day 5.77% higher at 132.05. The share price has gained 66.00% from its 52 week low with a 52 week trading range of 79.55 - 209.00. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $149.26 is below its 200-day moving average of $153.67. Shares of Universal Display Corporation are trading at a Price to Earnings ratio of 60.57. Shares of Universal Display have fallen roughly 7.88 percent in the past month and are down 23.52 percent year-to-date.
Access RDI's Universal Display Corporation Research Report at:
https://rdinvesting.com/news/?ticker=OLED
Our Actionable Research on Adobe Systems Inc. (NASDAQ:ADBE) and Universal Display Corporation (NASDAQ:OLED) can be downloaded free of charge at Research Driven Investing.
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