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Today’s Research Reports on Trending Tickers: MercadoLibre and Nordstrom

NEW YORK, NY / ACCESSWIRE / February 26, 2018 / U.S. market rallied on Friday as investors awaited an update on interest rates from the Federal Reserve. The Dow Jones Industrial Average was up by 1.39 percent to close at 25,309.99, benefiting from gains in companies like Goldman Sachs Group, while the Nasdaq Composite Index spiked 1.77 percent to close at 7,337.39. The S&P 500 Index jumped 1.60 percent to close at 2,747.30, with the utilities sector closing up above 2 percent and telecommunication closing above 1%.

"I think it was very impressive move for stocks [Friday] after seeing these heavy market selloffs," said J.J. Kinahan, chief strategist at TD Ameritrade. He also said that the monetary policy update and dovish comments from the Fed helped relieve market tension. "I think we are set up for an interesting Monday morning. Can we build on this momentum and go forward or is this as quick fade," Kinahan added.

RDI Initiates Coverage on:

MercadoLibre, Inc.
https://rdinvesting.com/news/?ticker=MELI

Nordstrom, Inc.
https://rdinvesting.com/news/?ticker=JWN

MercadoLibre's stock moved 4.81% higher Friday, to close the day at $387.26 after reporting a 71% jump in the Net revenue However, adjusted EPS was down 83% yoy to $0.20 per share in Q4 2017 vis-à-vis $1.1 in Q4 2016. The stock recorded a trading volume of 1,939,054 shares, which was above its three months average volume of 678,983 shares. In the last year, MercadoLibre's shares have traded in a range of 203.36 - 395.67. The share price has gained 90.43% 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 $359.51 is greater than its 200-day moving average of $290.62. Shares of MercadoLibre are trading at a Price to Earnings ratio of 1,249.23. Shares of MercadoLibre have gained roughly 7.55 percent in the past month and are up 23.07 percent year-to-date.

Access RDI's MercadoLibre, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MELI

On Friday, shares of Nordstrom recorded a trading volume of 7,127,872 shares, which was above the three months average volume of 2,102,721 shares. The stock ended the day 6.54% higher at 53.56 after Reuters confirmed that Nordstrom's founding family was close to finalizing an offer to take the company private. The share price has gained 41.73% from its 52-week low with a 52-week trading range of 37.79 - 54.00. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $49.94 is greater than its 200-day moving average of $45.61. Shares of the company are trading at a Price to Earnings ratio of 18.68. Shares of Nordstrom have gained roughly 8.2 percent in the past month and are up 13.04 percent year-to-date.

Access RDI's Nordstrom, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=JWN

Our Actionable Research on MercadoLibre, Inc. (NASDAQ:MELI) and Nordstrom, Inc. (NYSE:JWN) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

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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 Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. 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.

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SOURCE: RDInvesting.com


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