Today’s Research Reports on Trending Tickers: Microsoft Corporation and Oracle Corporation
NEW YORK, NY / ACCESSWIRE / December 11, 2017 / U.S. markets were lifted Friday by a stronger-than-expected November jobs report, sending the Dow and the S&P 500 to new record highs. The Dow Jones Industrial Average gained 0.49 percent to close at 24,329.16, while the S&P 500 Index rose 0.55 percent to close at 2,651.50. The Nasdaq Composite Index increased 0.40 percent to close at 6,840.08. On Friday, The Labor Department reported nonfarm payrolls increased by approximately 228,000 in November, which topped expectations of an increase of 200,000, according to economists surveyed by Reuters.
"I thought the jobs report was really good. It's hard to argue with anything on there, except the low level of wage growth gives us some pause," said J.J. Kinahan, chief market strategist at TD Ameritrade, according to MarketWatch. "Wage growth is a conundrum, and that will make the Fed's upcoming statement really interesting. We have to see what they say about inflation because we're just not getting it."
RDI Initiates Coverage on:
Microsoft Corporation
https://rdinvesting.com/news/?ticker=MSFT
Oracle Corporation
https://rdinvesting.com/news/?ticker=ORCL
Microsoft Corporation's stock moved 2.02% higher Friday, to close the day at $84.16. The stock recorded a trading volume of 24,489,106 shares, which was above its three months average volume of 20,685,071 shares. In the last year, Microsoft Corporation's shares have traded in a range of 61.72 - 86.20. The share price has gained 36.36% 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 $82.95 is greater than its 200-day moving average of $75.33. Shares of Microsoft Corporation are trading at a Price to Earnings ratio of 29.75. Shares of Microsoft have gained roughly 0.35 percent in the past month and are up 35.44 percent year-to-date.
Access RDI's Microsoft Corporation Research Report at:
https://rdinvesting.com/news/?ticker=MSFT
On Friday, shares in Oracle Corporation recorded a trading volume of 14,732,347 shares, which was below the three months average volume of 15,505,092 shares. The stock ended the day 2.23% higher at 49.60. The share price has gained 29.50% from its 52-week low with a 52-week trading range of 38.30 - 53.14.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $49.46 is greater than its 200-day moving average of $48.99. Shares of Oracle Corporation are trading at a Price to Earnings ratio of 21.57. Shares of Oracle have gained roughly 0.57 percent in the past month and are up 29 percent year-to-date.
Access RDI's Oracle Corporation Research Report at:
https://rdinvesting.com/news/?ticker=ORCL
Our Actionable Research on Microsoft Corporation (NASDAQ:MSFT) and Oracle Corporation (NYSE:ORCL) can be downloaded free of charge at Research Driven Investing.
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