Yahoo Finance Today's Research Reports on Trending Tickers: NVIDIA and Micron Technology
NEW YORK, NY / ACCESSWIRE / July 11, 2018 / U.S. markets closed higher Tuesday as the kickoff of the latest corporate earnings season outweighed ongoing trade war concerns. The Dow Jones Industrial Average jumped 0.58 percent to close at 241,919.66, while the S&P 500 Index rose 0.35 percent to close at 2,793.84. The Nasdaq Composite Index gained 0.04 percent to close at 7,759.20. Earnings in the second quarter are forecasted to have increased by 20 percent, according to analysts surveyed by FactSet.
"I think the trade worries are probably on the back burner short term, at least as we go through earnings season and may be until a bit later in the year," said Kate Warne, investment strategist at Edward Jones, in a Tuesday interview, according to MarketWatch.
RDI Initiates Coverage on:
NVIDIA Corporation
https://rdinvesting.com/news/?ticker=NVDA
Micron Technology, Inc.
https://rdinvesting.com/news/?ticker=MU
NVIDIA's stock moved 1.6% higher Tuesday, to close the day at $253.25. The stock recorded a trading volume of 8,476,953 shares, which was below its three months average volume of 12,457,132 shares. In the last year, NVIDIA's shares have traded in a range of 138.58 - 269.20. The share price has gained 82.75% 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 $253.28 is above its 200-day moving average of $235.52. Shares of the company are trading at a Price to Earnings ratio of 42.10. Shares of NVIDIA have fallen roughly 3.44 percent in the past month and are up 30.88 percent year-to-date.
Access RDI's NVIDIA Corporation Research Report at:
https://rdinvesting.com/news/?ticker=NVDA
On Tuesday, shares of Micron Technology recorded a trading volume of 32,902,476 shares, which was below the three months average volume of 48,915,936 shares. The stock ended the day 2.63% higher at $55.74. The share price has fallen 13.8% from its 52 week high with a 52 week trading range of 26.85 - 64.66. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $57.72 is above its 200-day moving average of $50.81. Shares of the company are trading at a Price to Earnings ratio of 5.59. Shares of Micron Technology have fallen roughly 9.2 percent in the past month and are up 35.55 percent year-to-date.
Access RDI's Micron Technology, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MU
Our Actionable Research on NVIDIA Corporation (NASDAQ: NVDA) and Micron Technology, Inc. (NASDAQ: MU) can be downloaded free of charge at Research Driven Investing.
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