Today’s Research Reports on Trending Tickers: Alibaba and Weibo
NEW YORK, NY / ACCESSWIRE / February 5, 2018 / U.S. markets dropped sharply Friday as a better-than-expected jobs report sent interest rates higher. The yield on the benchmark 10-year Treasury bond hit a four year high of 2.85 percent. The Dow Jones Industrial Average dropped 2.54 percent to close at 25,520.96, for a weekly loss of 4.17 percent, the largest weekly decline for the Dow in over 2 years. The S&P 500 Index fell 2.12 percent to close at 2,762.13, for a weekly loss of 3.85 percent, while the Nasdaq Composite Index declined 1.96 percent to close at 7,240.95, for a weekly loss of 3.52 percent.
"The key for the market today is rising interest rates," said Mike Baele, managing director at U.S. Bank Wealth Management, according to CNBC. "The old adage is: 'Bull markets don't die of old age, they are killed by higher interest rates.' That looms large."
RDI Initiates Coverage on:
Alibaba Group Holding Ltd. (BABA)
https://rdinvesting.com/news/?ticker=BABA
Weibo Corporation (WB)
https://rdinvesting.com/news/?ticker=WB
Alibaba's stock moved 2.55% lower Friday, to close the day at $187.31. The stock recorded a trading volume of 32,233,916 shares, which was above its three months average volume of 20,931,662 shares. In the last year, Alibaba's shares have traded in a range of 100.02 - 206.20. The share price has gained 87.27% 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 $185.84 is greater than its 200-day moving average of $175.90. Shares of the company are trading at a trailing Price to Earnings ratio of 45.77. Shares of Alibaba have gained roughly 0.86 percent in the past month and are up 8.63 percent year-to-date.
Access RDI's Alibaba Group Holding Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=BABA
On Friday, shares of Weibo recorded a trading volume of 2,799,752 shares, which was above the three months average volume of 1,870,527 shares. The stock ended the day 6.66% lower at 121.44. The share price has gained 156.42% from its 52 week low with a 52 week trading range of 47.36 - 136.19. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $119.79 is greater than its 200-day moving average of $102.66. Shares of the company are trading at a trailing Price to Earnings ratio of 103.88. Shares of Weibo have gained roughly 4.5 percent in the past month and are up 17.38 percent year-to-date.
Access RDI's Weibo Corporation Research Report at:
https://rdinvesting.com/news/?ticker=WB
Our Actionable Research on Alibaba Group Holding Ltd. (NYSE:BABA) and Weibo Corporation (NASDAQ:WB) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
