Yahoo Finance Today's Research Reports on Trending Tickers: Alphabet and Twitter
NEW YORK, NY / ACCESSWIRE / August 22, 2018 / U.S. markets continue to edge higher on Tuesday as optimism over trade talks and upbeat earnings pushed equities into the green. Additionally, the Federal Reserve will release details on the latest meeting on Wednesday. On Friday, Fed Chairman Jerome Powell is scheduled for a speech at the Kansas City Fed's annual summer retreat. The Dow Jones Industrial Average hiked 0.25 percent to close at 25,822.29, while the S&P 500 Index have gained 0.21 percent to close at 2,862.96. The Nasdaq Composite Index increased 0.49 percent to close at 7,859.17.
Investment strategist at Edward Jones, Kate Warne said, "I think that this is optimism on at least some partial resolution of the trade negotiations as investors are expecting progress [on that front]." "If we reach new highs that's great but I think it would be a reflection of the positive underlying fundamentals of very positive earnings growth and modest interest rates," Warne added.
RDI Initiates Coverage on:
Alphabet Inc.
https://rdinvesting.com/news/?ticker=GOOG
Twitter, Inc.
https://rdinvesting.com/news/?ticker=TWTR
Alphabet's stock moved 0.51% lower Tuesday, to close the day at $1,201.62. The stock recorded a trading volume of 852,569 shares, which was below its three months average volume of 1,448,734 shares. In the last year, Alphabet's shares have traded in a range of 905.00 - 1,273.89. The share price has gained 32.78% 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 $1,203.29 is above its 200-day moving average of $1,113.83. Shares of the company are trading at a Price to Earnings ratio of 51.89. Shares of Alphabet have gained roughly 1.41 percent in the past month and are up 14.83 percent year-to-date.
Access RDI's Alphabet Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GOOG
On Tuesday, shares of Twitter recorded a trading volume of 29,575,742 shares, which was below the three months average volume of 32,005,985 shares. The stock ended the day 3.34% higher at $33.69. The share price has fallen 29.5% from its 52-week high with a 52-week trading range of 16.14 - 47.79. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $38.46 is above its 200-day moving average of $35.11. Shares of the company are trading at a Price to Earnings ratio of 109.03. Shares of Twitter have fallen roughly 22.44 percent in the past month and are up 40.32 percent year-to-date.
Access RDI's Twitter, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TWTR
Our Actionable Research on Alphabet Inc. (NASDAQ:GOOG) and Twitter, Inc. (NYSE:TWTR) can be downloaded free of charge at Research Driven Investing.
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