Latest Reports on Stocks to Watch: Twitter and Xerox
NEW YORK, NY / ACCESSWIRE / January 4, 2017 / U.S. markets posted impressive after a tumultuous start to 2016. The Dow Industrials posted its worst-ever 5-day period to being the year with a 6.2 percent drop, hitting a two-year low of 15,660.18, on February 11th. On December 30th, the Dow closed at 19,775.93, up 13.42 percent for the year. The S&P 500 Index increased 9.5 percent, while the NASDAQ added 7.5 percent in 2016, its largest gain since 2014.
"We ended the year with nothing to [damp] the optimism about the 2017 economic outlook," said Kit Juckes, global head of foreign-exchange strategy Société Générale SA.
Some investors however have been concerned about stock valuations and that the market's year-end run may have been overdone. "We're in the modestly positive camp," said Jason Pride, director of investment strategy for Glenmede. "We were surprised by the market's strength going into the end of the year, which makes our mindset a bit more cautious heading into 2017."
Register with us now for your free membership and gain access to our latest research reports at: ub.rdinvesting.com
Markets edged higher to being the New Year. The Dow Jones Industrial Average rose over 150 points in early trading Tuesday before settling to close at 19,881.76, up 0.60 percent, while the S&P 500 Index gained 0.85 percent to close at 2,257.83. Health care stocks led the way for the S&P 500 with a 1.06 percent gain.
Let's Take a Closer Look at Tuesday's Market Movers
Twitter Inc. (NYSE: TWTR)
Get Your Up-To-Date Twitter Research Report at ub.rdinvesting.com/?ticker=TWTR
Twitter's shares gained 0.86 percent to close at $16.44 a share Thursday. The stock traded between $16.21 and $16.45 on volume of 11.15 million shares traded. Twitter continues to lose some of its key executives as Kathy Chen, head of its Greater China department, announced her departure after just 8 months. Chen wrote that Twitter's Greater China advertiser base has grown nearly 400 percent over the past two years. "Now that the Twitter APAC (Asia Pacific) team is working directly with Chinese advertisers, this is the right time for me to leave the company," she wrote.
Twitter's top Chinese advertisers includes Smartphone maker Xiaomi, Online shopping giant Alibaba, white goods producer Qingdao Haier and flag carrier Air China. Twitter confirmed it would retain the Hong Kong office to serve Hong Kong-based clients, but declined to provide further details on Chen's departure.
Xerox Corp. (NYSE: XRX)
Get Your Up-To-Date Xerox Research Report at ub.rdinvesting.com/?ticker=XRX
Xerox's shares surged 19.83 percent to close at $6.89 a share Tuesday. The stock traded between $6.46 and $7.00 on volume of 64.45 million shares traded. On Tuesday, Xerox announced that it has completed the separation of its business process outsourcing services unit, now known as Conduent Inc., from its copier and printer business. Xerox shareholders received one share of Conduent common stock for every five shares of Xerox common stock they held as of the close of business on Dec. 15, 2016, the record date for the distribution.
"Today is an historic day for Xerox. The successful completion of the separation sharpens our market focus and commitment to our customers," said Xerox CEO Jeff Jacobson. "I am confident the transformational actions we are implementing position Xerox for long-term success and unlocks shareholder value."
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 reviewed by Hemal K. Gandhi, a CFA® charter holder. 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.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, 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: RDInvesting.com
