Yahoo Finance Today's Research Reports on Trending Tickers: 3M and Arconic
NEW YORK, NY / ACCESSWIRE / January 16, 2019 /U.S. markets rose on Tuesday as Netflix helped push the tech sector higher after announcing it would raise the price of its monthly membership. Tech giants Alphabet, Amazon, Apple and Facebook all saw gains of over 2 percent on Tuesday. The Dow Jones Industrial Average jumped 0.65 percent to settle at 24,065.59, while the S&P 500 hiked 1.07 percent to close at 2,610.30. The Nasdaq advanced 1.71 percent to settle at 7,023.83.
"Investors will likely view this above-Street estimate increase quite positively, bolstering confidence in subscriber trends, pace of revenue growth and ability to achieve guidance for margin gains," said Credit Suisse analyst, Doug Mitchelson.
The Market Edge Initiates Coverage on:
3M Company
https://marketedgereport.com/report/MMM/
Arconic Inc.
https://marketedgereport.com/report/ARNC/
3M’s stock moved 1.68% lower Tuesday, to close the day at $188.94. The stock recorded a trading volume of 2,721,704 shares, which was above its three months average volume of 2,659,914 shares. In the last year, 3M’s shares have traded in a range of 176.87 - 259.77. The share price has gained 6.82% 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 $195.14 is below its 200-day moving average of $201.53. Shares of the company are trading at a Price to Earnings ratio of 25.37. Shares of 3M have fallen roughly 3.65 percent in the past month and are down 0.84 percent year-to-date.
Access The Market Edge's 3M Company Research Report:
https://marketedgereport.com/report/MMM/
On Tuesday, shares of Arconic recorded a trading volume of 12,566,789 shares, which was above the three months average volume of 4,948,677 shares. The stock ended the day 3.61% higher at $20.07. The share price has fallen 35.61% from its 52 week high with a 52 week trading range of 15.63 - 31.17. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $19.23 is below its 200-day moving average of $20.45. Shares of Arconic have gained roughly 1.67 percent in the past month and are up 19.04 percent year-to-date.
Access The Market Edge's Arconic Inc. Research Report:
https://marketedgereport.com/report/ARNC/
Our Actionable Research on 3M Company (NYSE:MMM) and Arconic Inc. (NYSE:ARNC) 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 registeredbroker 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: MarketEdgeReport
