Yahoo Finance Today's Research Reports on Trending Tickers: QUALCOMM and ON Semiconductor
NEW YORK, NY / ACCESSWIRE / November 19, 2018 / U.S. equities finished mostly in the green on Friday as investors digested comments from President Donald Trump, expressing confidence in resolving the current trade dispute between the U.S. and China. The Dow Jones Industrial Average was up 0.49 percent to close at 25,413.22, while the S&P 500 Index increased 0.22 percent to close at 2,736.27. The Nasdaq Composite Index finished 0.15 percent lower at 7,247.87.
According to Michael Arone, chief investment strategist with State Street Global Advisors, “Usually the upcoming holiday season is a great time for the markets, earnings have been strong, and we can still expect to see the lingering effects of tax cuts in the next couple of quarters.”
MER Initiates Coverage on:
QUALCOMM Incorporated
https://marketedgereport.com/report/QCOM/
ON Semiconductor Corporation
https://marketedgereport.com/report/ON/
QUALCOMM's stock moved 0.88% higher Friday, to close the day at $55.88. The stock recorded a trading volume of 57,303,280 shares, which was above its three months average volume of 16,060,490 shares. In the last year, QUALCOMM's shares have traded in a range of 48.56 - 76.50. The share price has gained 15.07% 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 $64.01 is above its 200-day moving average of $62.79. Shares of QUALCOMM have fallen roughly 14.23 percent in the past month and are down 12.71 percent year-to-date.
Access MER's QUALCOMM Incorporated Research Report at:
https://marketedgereport.com/report/QCOM/
On Friday, shares of ON Semiconductor recorded a trading volume of 7,737,256 shares, which was above the three months average volume of 6,790,832 shares. The stock ended the day 2.12% higher at $18.79. The share price has fallen 30.66% from its 52week high with a52 week trading range of 14.55 - 27.10. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $17.09 is below its 200-day moving average of $21.18. Shares of the company are trading at a Price to Earnings ratio of 8.82. Shares of ON Semiconductor have gained roughly 17.44 percent in the past month and are down 10.27 percent year-to-date.
Access MER's ON Semiconductor Corporation Research Report at:
https://marketedgereport.com/report/ON/
Our Actionable Research on QUALCOMM Incorporated (NASDAQ:QCOM) and ON Semiconductor Corporation (NASDAQ:ON) can be downloaded free of charge at MarketEdge Report.
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SOURCE: MarketEdgeReport
