Yahoo Finance Today's Research Reports on Trending Tickers: Facebook and Snap
NEW YORK, NY / ACCESSWIRE / January 17, 2019 / Despite concerns of a partial government shutdown, U.S. markets extended gains for the second consecutive session on Wednesday on strong earnings from Bank of America Corp. and Goldman Sachs Group. The financial sector was the largest gainer with a 2.2 percent gain on Wednesday. The Dow Jones Industrial Average surged 0.59 percent to close at 24,207.16, while the S&P 500 Index rose 0.22 percent to close at 2,616.10. The Nasdaq Composite Index gained 0.15 percent to close at 7,034.69.
“The market is where it should be,” Bob Doll, senior equity strategist and portfolio manager at Nuveen, told MarketWatch. “Earnings so far have been mixed, but skewing positive,” he said, adding that management commentary has been “fairly optimistic so far.”
The Market Edge Initiates Coverage on:
Facebook, Inc.
https://marketedgereport.com/report/FB/
Snap Inc.
https://marketedgereport.com/report/SNAP/
Facebook's stock moved 0.95% lower Wednesday, to close the day at $147.54. The stock recorded a trading volume of 18,025,714 shares, which was below its three months average volume of 25,949,404 shares. In the last year, Facebook's shares have traded in a range of 123.02 - 218.62. The share price has gained 19.93% 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 $138.55 is below its 200-day moving average of $161.21. Shares of the company are trading at a Price to Earnings ratio of 22.24. Shares of Facebook have gained roughly 5.24 percent in the past month and are up 12.55 percent year-to-date.
Access The Market Edge's Facebook, Inc. Research Report:
https://marketedgereport.com/report/FB/
On Wednesday, shares of Snap recorded a trading volume of 65,799,505 shares, which was above the three months average volume of 18,582,353 shares. The stock ended the day 13.76% lower at $5.64. The share price has fallen 73.42% from its 52 week high with a 52 week trading range of 4.82 - 21.22. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $5.92 is below its 200-day moving average of $8.83. Shares of Snap have gained roughly 1.08 percent in the past month and are up 2.36 percent year-to-date.
Access The Market Edge's Snap Inc. Research Report:
https://marketedgereport.com/report/SNAP/
Our Actionable Research on Facebook, Inc. (NASDAQ :FB) and Snap Inc. (NYSE :SNAP) can be downloaded free of charge at The Market Edge.
The Market Edge
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.
The Market Edge has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
The Market Edge, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: The Market Edge
