Today’s Research Reports on Trending Tickers: Twilio and Shopify
NEW YORK, NY / ACCESSWIRE / February 15, 2018 / U.S. markets rallied sharply from early losses Wednesday as inflation fears appear to be easing on Wall Street. The Dow Jones Industrial Average jumped 1.03 percent to close at 24,893.49, for its fourth consecutive daily gain, while the S&P 500 Index spiked 1.34 percent to close at 2,698.63. The Nasdaq Composite Index surged 1.86 percent to close at 7,143.62.
"Anything with inflation seems like a hot button nowadays, but it is a bit of a red herring here: higher inflation and higher rates are symptoms of economic health. And while inflation is rising it's still below trend," said Karyn Cavanaugh, senior market strategist at Voya Financial, according to MarketWatch.
"At this point it's not inflation but reflation and the Fed will not pull the trigger that fast," said Cavanaugh.
RDI Initiates Coverage on:
Twilio Inc.
https://rdinvesting.com/news/?ticker=TWLO
Shopify Inc.
https://rdinvesting.com/news/?ticker=SHOP
Twilio's stock jumped 16.19% Wednesday, to close the day at $30.72. The stock recorded a trading volume of 13,299,595 shares, which was above its three months average volume of 1,621,801 shares. In the last year, Twilio's shares have traded in a range of 22.80 - 34.74. The share price has gained 34.74% 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 $25.55 is below its 200-day moving average of $28.17. Shares of Twilio have gained roughly 17.43 percent in the past month and are up 30.17 percent year-to-date.
Access RDI's Twilio Inc. Research Report at:
https://rdinvesting.com/news/?ticker=TWLO
On Wednesday, shares of Shopify recorded a trading volume of 4,235,029 shares, which was above the three months average volume of 1,375,885 shares. The stock ended the day 9.12% higher at 137.56. The share price has gained 153.33% from its 52 week low with a 52 week trading range of 54.30 - 138.16. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $116.47 is greater than its 200-day moving average of $107.33. Shares of Shopify have gained roughly 21.95 percent in the past month and are up 36.2 percent year-to-date.
Access RDI's Shopify Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SHOP
Our Actionable Research on Twilio Inc. (NYSE:TWLO) and Shopify Inc. (NYSE:SHOP) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
