NEW YORK, NY / ACCESSWIRE / April 19, 2018 / U.S. markets rose Wednesday as investor optimism continues to be boosted by strong corporate earnings. The S&P 500 Index gained 0.08 percent to close at 2,708.64, while the Nasdaq Composite Index rose 0.19 percent to close at 7,295.24. The Dow Jones Industrial Average hit a high of 24,832.54 before settling to close at 24,748.07, a decrease of 0.16 percent, after a disappointing performance from IBM dragged the index lower. Through Wednesday morning approximately 79 percent of the companies in the S&P 500 that have reported earnings have topped earnings expectations, while 83 percent have topped sales estimates, according to Thomson Reuters.
"These are just slam dunk earnings," said Nick Raich, CEO of The Earnings Scout, according to CNBC. "If you want to be bearish on stocks, don't look to earnings."
RDI Initiates Coverage on:
Align Technology, Inc.
Vmware's stock moved 4.29% higher Wednesday, to close the day at $137.54. The stock recorded a trading volume of 4,232,588 shares, which was above its three months average volume of 3,163,898 shares. In the last year, Vmware's shares have traded in a range of 85.45 - 165.00. The share price has gained 60.96% 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 $123.39 is greater than its 200-day moving average of $122.99. Shares of Vmware are trading at a Price to Earnings ratio of 99.67. Shares of Vmware have gained roughly 10.50 percent in the past month and are up 9.75 percent year-to-date.
Access RDI's Vmware, Inc. Research Report at:
On Wednesday, shares of Align Technology recorded a trading volume of 789,656 shares, which was below the three months average volume of 1,075,404 shares. The stock ended the day 1.61% higher at 277.05. The share price has gained 138.18% from its 52 week low with a 52 week trading range of 116.32 - 287.32. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $259.63 is greater than its 200-day moving average of $242.94. Shares of Align Technology are trading at a Price to Earnings ratio of 97.90. Shares of Align Technology have gained roughly 2.46 percent in the past month and are up 24.69 percent year-to-date.
Access RDI's Align Technology, Inc. Research Report at:
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