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Today's Research Reports on Trending Tickers: Spotify Technology and iQIYI

ACCESSWIRE

NEW YORK, NY / ACCESSWIRE / September 17, 2018 / U.S. markets were mixed on Friday, but finished the week in the green, as investors focused on upbeat corporate earnings and positive economic data, instead of a potential trade war. On Thursday, President Donald Trump instructed aides to carry on with $200 billion tariffs against Chinese goods. The Dow Jones Industrial Average climbed 0.03 percent to close at 26,154.67 and is up by 09 percent for the week, while the S&P 500 Index jumped 0.03 percent to close at 2,904.98, surged 1.2 percent for the week. The Nasdaq Composite Index dropped 0.05 percent to close at 8,010.04, gained 1.4 percent for the week.

“Trade wars are certainly a concern, but I don’t know that they’re a one-moment-in-time thing. So far we’ve looked past them, but over the longer term a trade war could be very damaging,” according to Richard Weeks, managing partner at VWG Wealth Management.

“Between high corporate profits, stock buybacks, and muted interest rates, there’s still an underlying bid to the market no matter how you slice it. There are still plenty of things to be concerned about, but there aren’t enough reasons to be too pessimistic,” he added.

RDI Initiates Coverage on:

Spotify Technology S.A.
https://rdinvesting.com/news/?ticker=SPOT

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iQIYI, Inc.
https://rdinvesting.com/news/?ticker=IQ

Spotify Technology's stock moved 2.3% lower Friday, to close the day at $180.63. The stock recorded a trading volume of 1,126,779 shares, which was below its three months average volume of 1,613,379 shares. In the last year, Spotify Technology's shares have traded in a range of 135.51 - 198.99. The share price has gained 33.3% 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 $185.28 is above its 200-day moving average of $170.99. Shares of Spotify Technology have fallen roughly 6.1 percent in the past month and are up 21.22 percent year-to-date.

Access RDI's Spotify Technology S.A. Research Report at:
https://rdinvesting.com/news/?ticker=SPOT

On Friday, shares of iQIYI recorded a trading volume of 10,710,443 shares, which was below the three months average volume of 22,431,911 shares. The stock ended the day 5.71% lower at $28.56. The share price has fallen 38.22% from its 52 week high with a 52 week trading range of 15.30 - 46.23. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $28.79 is above its 200-day moving average of $26.96. Shares of iQIYI have gained roughly 9.76 percent in the past month and are up 83.67 percent year-to-date.

Access RDI's iQIYI, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=IQ

Our Actionable Research on Spotify Technology S.A. (NYSE:SPOT) and iQIYI, Inc. (NASDAQ:IQ) 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.

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SOURCE: RDInvesting.com

https://www.accesswire.com/512055/Todays-Research-Reports-on-Trending-Tickers-Spotify-Technology-and-iQIYI