Yahoo Finance Today’s Research Reports on Trending Tickers: Applied Materials and Cloudera
NEW YORK, NY / ACCESSWIRE / December 11, 2017 / U.S. markets were lifted Friday by a stronger-than-expected November jobs report, sending the Dow and the S&P 500 to new record highs. The Dow Jones Industrial Average gained 0.49 percent to close at 24,329.16, while the S&P 500 Index rose 0.55 percent to close at 2,651.50. The Nasdaq Composite Index increased 0.40 percent to close at 6,840.08. On Friday, The Labor Department reported nonfarm payrolls increased by approximately 228,000 in November, which topped expectations of an increase of 200,000, according to economists surveyed by Reuters.
"I thought the jobs report was really good. It's hard to argue with anything on there, except the low level of wage growth gives us some pause," said J.J. Kinahan, chief market strategist at TD Ameritrade, according to MarketWatch. "Wage growth is a conundrum, and that will make the Fed's upcoming statement really interesting. We have to see what they say about inflation because we’re just not getting it."
RDI Initiates Coverage on:
Applied Materials, Inc.
https://rdinvesting.com/news/?ticker=AMAT
Cloudera, Inc.
https://rdinvesting.com/news/?ticker=CLDR
Applied Materials stock moved 1.66% lower Friday, to close the day at $51.43. The stock recorded a trading volume of 15,131,797 shares, which was above its three months average volume of 11,438,881 shares. In the last year, Applied Materials shares have traded in a range of 31.66 - 60.89. The share price has gained 62.44% 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 $55.44 is greater than its 200-day moving average of $48.47. Shares of Applied Materials are trading at a Price to Earnings ratio of 16.22. Shares of Applied Materials have fallen roughly 8.75 percent in the past month and are up 59.37 percent year-to-date.
Access RDI's Applied Materials, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMAT
On Friday, shares in Cloudera, Inc. recorded a trading volume of 10,016,575 shares, which was above the three months average volume of 1,626,662 shares. The stock ended the day 5.25% higher at 16.84. The share price has gained 16.14% from its 52-week low with a 52-week trading range of 14.50 - 23.35.The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $15.62 is below its 200-day moving average of $17.36. Shares of Cloudera have gained roughly 8.86 percent in the past month and are down 6.96 percent year-to-date.
Access RDI's Cloudera, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CLDR
Our Actionable Research on Applied Materials, Inc. (NASDAQ:AMAT) and Cloudera, Inc. (NYSE:CLDR) can be downloaded free of charge at Research Driven Investing.
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