Today's Research Reports on Trending Tickers: Electronic Arts and Activision Blizzard
NEW YORK, NY / ACCESSWIRE / August 27, 2018 / U.S. equities closed up on Friday following Federal Reserve Chairman Jerome Powell's speech, which confirmed the Federal Reserve will gradually normalize monetary policy. According to Powell, the two risks of raising interest rates are “moving too fast and needlessly shortening the expansion, versus moving too slowly and risking a destabilizing overheating.” “I see the current path of gradually raising interest rates as the [Federal Reserve’s] approach to taking seriously both of these risks,” Powell added. The Dow Jones Industrial Average gained 0.52 percent to close at 25,790.35, while the S&P 500 Index increased 0.62 percent to close at 2,874.69. The Nasdaq Composite Index rose 0.86 percent to close at 7,945.98.
''It struck me as a little bit dovish,'' a Karyn Cavanaugh, Voya Investment Management's senior market strategist, referring to Powell’s speech. “I think it was refreshing for the market to hear Powell say that inflation wasn’t an issue and that they are OK with it. It is a weight off the market's mind.''
RDI Initiates Coverage on:
Electronic Arts Inc.
https://rdinvesting.com/news/?ticker=EA
Activision Blizzard, Inc.
https://rdinvesting.com/news/?ticker=ATVI
Electronic Arts' stock moved 2.27% higher Friday, to close the day at $128.97. The stock recorded a trading volume of 3,266,270 shares, which was below its three months average volume of 3,490,384 shares. In the last year, Electronic Arts' shares have traded in a range of 99.63 - 151.26. The share price has gained 29.45% 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 $135.93 is above its 200-day moving average of $130.48. Shares of the company are trading at a Price to Earnings ratio of 58.02. Shares of Electronic Arts have fallen roughly 9.11 percent in the past month and are up 22.76 percent year-to-date.
Access RDI's Electronic Arts Inc. Research Report at:
https://rdinvesting.com/news/?ticker=EA
On Friday, shares of Activision Blizzard recorded a trading volume of 8,107,393 shares, which was above the three months average volume of 5,680,549 shares. The stock ended the day 4.1% higher at $74.09. The share price has fallen 9.25% from its 52 week high with a 52 week trading range of 57.29 - 81.64. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $74.56 is above its 200-day moving average of $72.05. Shares of the company are trading at a Price to Earnings ratio of 112.77. Shares of Activision Blizzard have fallen roughly 4.58 percent in the past month and are up 17.01 percent year-to-date.
Access RDI's Activision Blizzard, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=ATVI
Our Actionable Research on Electronic Arts Inc. (NASDAQ: EA) and Activision Blizzard, Inc. (NASDAQ: ATVI) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com