Yahoo Finance Today's Research Reports on Trending Tickers: Baidu and Weibo
NEW YORK, NY / ACCESSWIRE / September 20, 2018 / Wall Street posted mixed results on Wednesday as tech shares weakened and trade tensions continued to rise. The Dow Jones Industrial Average gained 0.61 percent to close at 26,405.76, while the S&P 500 Index hiked 0.13 percent to close at 2,907.95. The Nasdaq Composite Index shed 0.08 percent to close at 7,950.04.
“We could be near peak political trade rhetoric, but without any visible effect on economic data, investors are just looking through the noise. We’re essentially still in a negotiation phase, and until we have set policies that we can evaluate, markets will continue to ignore this to a certain extent,” said chief investment officer of BNY Mellon’s Lockwood Advisors, Matt Forester.
“The U.S. environment remains very positive, and there’s a big difference between the sensitivity of the stock market to trade — which is most important to large U.S. stocks — and the sensitivity of the overall economy,” he added.
RDI Initiates Coverage on:
Baidu, Inc.
https://rdinvesting.com/news/?ticker=BIDU
Weibo Corporation
https://rdinvesting.com/news/?ticker=WB
Baidu's stock jumped 4.39% Wednesday, to close the day at $226.41. The stock recorded a trading volume of 3,595,223 shares, which was above its three months average volume of 3,290,848 shares. In the last year, Baidu's shares have traded in a range of 207.74 - 284.22. The share price has gained 8.99% 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 $222.56 is below its 200-day moving average of $243.83. Shares of the company are trading at a Price to Earnings ratio of 20.56. Shares of Baidu have gained roughly 1.68 percent in the past month and are down 3.33 percent year-to-date.
Access RDI's Baidu, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=BIDU
On Wednesday, shares of Weibo recorded a trading volume of 2,399,089 shares, which was above the three months average volume of 2,248,612 shares. The stock ended the day 5.36% higher at $75.91. The share price has fallen 46.59% from its 52 week high with a 52 week trading range of 66.68 - 142.12. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $76.70 is below its 200-day moving average of $100.69. Shares of the company are trading at a Price to Earnings ratio of 36.51. Shares of Weibo have gained roughly 1.35 percent in the past month and are down 26.63 percent year-to-date.
Access RDI's Weibo Corporation Research Report at:
https://rdinvesting.com/news/?ticker=WB
Our Actionable Research on Baidu, Inc. (NASDAQ :BIDU) and Weibo Corporation (NASDAQ :WB) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
https://www.accesswire.com/512292/Todays-Research-Reports-on-Trending-Tickers-Baidu-and-Weibo
