Yahoo Finance Today's Research Reports on Trending Tickers: Exact Sciences and Illumina
NEW YORK, NY / ACCESSWIRE / January 7, 2019 /U.S. markets surged on Friday as employment data came in well above expectations. The Bureau of Labor Statistics reported 312,000 jobs were added in December, soaring past the expected increase of 182,000 jobs, according to economists polled by MarketWatch. The Dow Jones Industrial Average hiked 3.29 percent to close at 23,433.16, while the S&P 500 Index jumped 3.43 percent to close at 2,531.94. The Nasdaq Composite Index advanced 4.26 percent to close at 6,738.86.
According to Willie Delwiche, the Director and Investment Strategist of R.W. Baird & Co., the upbeat employment data and wage growth continues to beat expectations, “it makes it very difficult to argue that the Fed should come to a complete halt in hiking interest rates, or that the economy is meaningfully weakening.”
The Market Edge Initiates Coverage on:
Exact Sciences Corporation
https://marketedgereport.com/report/EXAS/
Illumina, Inc.
https://marketedgereport.com/report/ILMN/
Exact Sciences’ stock jumped 5.92% Friday, to close the day at $65.65. The stock recorded a trading volume of 2,259,399 shares, which was above its three months average volume of 1,785,972 shares. In the last year, Exact Sciences’ shares have traded in a range of 37.36 - 82.85. The share price has gained 75.72% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $68.04 is above its 200-day moving average of $66.81. Shares of Exact Sciences have fallen roughly 12.37 percent in the past month and are up 7.29 percent year-to-date.
Access The Market Edge's Exact Sciences Corporation Research Report:
https://marketedgereport.com/report/EXAS/
On Friday, shares of Illumina recorded a trading volume of 1,379,204 shares, which was above the three months average volume of 1,189,704 shares. The stock ended the day 6.49% higher at $302.69. The share price has fallen 18.76% from its 52 week high with a 52 week trading range of 207.51 - 372.61. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $314.24 is below its 200-day moving average of $320.87. Shares of the company are trading at a Price to Earnings ratio of 65.52. Shares of Illumina have fallen roughly 9.46 percent in the past month and are up 15 percent year-to-date.
Access The Market Edge's Illumina, Inc. Research Report:
https://marketedgereport.com/report/ILMN/
Our Actionable Research on Exact Sciences Corporation (NASDAQ:EXAS) and Illumina, Inc. (NASDAQ:ILMN) can be downloaded free of charge at The Market Edge.
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SOURCE: MarketEdgeReport
