Today's Research Reports on Trending Tickers: Johnson & Johnson and Merck & Co.
NEW YORK, NY / ACCESSWIRE / January 4, 2019 / U.S. markets plunged on Thursday, with the Dow Jones falling more than 600 points, as fears of a possibility of a global economic slowdown intensified after Apple lowered revenue forecasts. The Dow Jones Industrial Average dropped 2.83 percent to close at 22,686.22, dragged mostly lower by losses in Apple’s stock, while the S&P 500 Index decreased 2.48 percent to close at 2,447.89. The Nasdaq Composite Index slumped 3.04 percent to close at 6,463.50.
According to Tom Essaye, President of Sevens Report, “We ended 2018 with worries about growth and earnings, and in the first two days of 2019 we’ve received more bad Chinese data and an AAPL revenue guidance cut.”
“Neither of those events should be material surprises — China’s been weak for a while and analysts have been cutting estimates on Apple for months — but if we’re going to sustain a rally, this market needs actual good news, and there hasn’t been much lately,” Essaye added.
The Market Edge Initiates Coverage on:
Johnson & Johnson
https://marketedgereport.com/report/JNJ/
Merck & Co., Inc.
https://marketedgereport.com/report/MRK/
Johnson & Johnson's stock moved 1.59% lower Thursday, to close the day at $125.72. The stock recorded a trading volume of 8,597,610 shares, which was below its three months average volume of 9,611,993 shares. In the last year, Johnson & Johnson's shares have traded in a range of 118.62 - 148.99. The share price has gained 5.99% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $139.12 is above its 200-day moving average of $135.17. Shares of the company are trading at a Price to Earnings ratio of 220.95. Shares of Johnson & Johnson have fallen roughly 14.01 percent in the past month and are down 10.56 percent in the last one year.
Access The Market Edge's Johnson & Johnson Research Report:
https://marketedgereport.com/report/JNJ/
On Thursday, shares of Merck & Co. recorded a trading volume of 13,247,394 shares, which was above the three months average volume of 13,230,668 shares. The stock ended the day 2.05% lower at $74.04. The share price has fallen 7.67% from its 52 week high with a 52 week trading range of 52.83 - 80.19. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $76.04 is above its 200-day moving average of $69.79. Shares of the company are trading at a Price to Earnings ratio of 59.95. Shares of Merck & Co. have fallen roughly 6.54 percent in the past month and are up 31.88 percent in the last one year.
Access The Market Edge's Merck & Co., Inc. Research Report:
https://marketedgereport.com/report/MRK/
Our Actionable Research on Johnson & Johnson (NYSE:JNJ) and Merck & Co., Inc. (NYSE:MRK) can be downloaded free of charge at The Market Edge.
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SOURCE: The Market Edge
