Yahoo Finance Today's Research Reports on Trending Tickers: Amazon.com and Carvana
NEW YORK, NY / ACCESSWIRE / July 9, 2018 / U.S. equities posted solid gains on Friday, ending the week on a positive note, supported by a stronger-than-expected jobs report. The Dow Jones Industrial Average gained 0.41 percent to close at 24,456.48, while the S&P 500 Index climbed 0.85 percent to close at 2,759.82. The Nasdaq Composite Index spiked 1.34 percent to close at 7,688.39. For the week, the Dow Jones increased 0.8%, while the S&P 500 jumped 1.5%, and the Nasdaq hiked 2.4%.
"Perfect is the word for the jobs report. It was superb, literally nothing wrong with it," according to the chief equity market strategist at Federated Investors, Phil Orlando. "Not only was the headline number better than expected, but there were positive revisions for the previous months. Meanwhile, the rate of unemployment went up because of the growing participation rate, while at the same time wage inflation went down a tick. So we have a strengthening economy, with a strengthening labor market, with no runaway inflation. That's all extremely positive for the equity market," Orlando added.
RDI Initiates Coverage on:
Amazon.com, Inc.
https://rdinvesting.com/news/?ticker=AMZN
Carvana Co.
https://rdinvesting.com/news/?ticker=CVNA
Amazon.com's stock moved 0.64% higher Friday, to close the day at $1,710.63. The stock recorded a trading volume of 2,650,262 shares, which was below its three months average volume of 4,099,385 shares. In the last year, Amazon.com's shares have traded in a range of 931.75 - 1,763.10. The share price has gained 83.59% 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 $1,677.05 is above its 200-day moving average of $1,499.20. Shares of the company are trading at a Price to Earnings ratio of 215.17. Shares of Amazon.com have gained roughly 1.58 percent in the past month and are up 46.27 percent year-to-date.
Access RDI's Amazon.com, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMZN
On Friday, shares of Carvana recorded a trading volume of 1,121,565 shares, which was below the three months average volume of 1,225,188 shares. The stock ended the day 4.87% higher at $47.17. The share price has fallen 0.4% from its 52 week high with a 52 week trading range of 12.17 - 47.36. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $36.04 is above its 200-day moving average of $25.48. Shares of Carvana have gained roughly 30.88 percent in the past month and are up 146.71 percent year-to-date.
Access RDI's Carvana Co. Research Report at:
https://rdinvesting.com/news/?ticker=CVNA
Our Actionable Research on Amazon.com, Inc. (NASDAQ: AMZN) and Carvana Co. (NYSE: CVNA) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
