U.S. Markets closed

Today's Research Reports on Trending Tickers: Yelp and YY

NEW YORK, NY / ACCESSWIRE / November 13, 2018 / U.S. stocks closed down on Monday as oil prices continued to slide, raising concerns amongst investors. The Dow Jones Industrial Average plunged 2.32 percent to close at 25,387.18, while the S&P 500 Index shed 1.97 percent to close at 2,726.22. The Nasdaq Composite Index dropped 2.78 percent to close at 7,200.87.

According to Craig Callahan, Icon Advisors’ president and founder, the oil’s bear market has dragged broader equities and energy exploration firms down, giving buying opportunities for value investors. “I’m considering adding to my holdings in the energy sector,” Callahan told said.

“These firms have hedged the price of oil, and projections for 2019 [earnings-per-share] growth are 25% for the sector,” compared to S&P 500’s growth of 9%, Callahan added.

RDI Initiates Coverage on:

Yelp Inc.
https://rdinvesting.com/news/?ticker=YELP

YY Inc.
https://rdinvesting.com/news/?ticker=YY

Yelp's stock jumped 6.7% Monday, to close the day at $34.07. The stock recorded a trading volume of 10,410,234 shares, which was above its three months average volume of 2,113,270 shares. In the last year, Yelp's shares have traded in a range of 30.88 - 52.50. The share price has gained 10.33% 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 $44.23 is above its 200-day moving average of $43.45. Shares of the company are trading at a Price to Earnings ratio of 18.64. Shares of Yelp have fallen roughly 20.36 percent in the past month and are down 18.8 percent year-to-date.

Access RDI's Yelp Inc. Research Report at:
https://rdinvesting.com/news/?ticker=YELP

On Monday, shares of YY recorded a trading volume of 1,934,469 shares, which was above the three months average volume of 1,424,106 shares. The stock ended the day 5.65% lower at $61.07. The share price has fallen 57.28% from its 52 week high with a 52 week trading range of 56.65 - 142.97. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $67.62 is below its 200-day moving average of $87.91. Shares of the company are trading at a Price to Earnings ratio of 14.99. Shares of YY have fallen roughly 16.37 percent in the past month and are down 45.98 percent year-to-date.

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

Our Actionable Research on Yelp Inc. (NYSE : YELP ) and YY Inc. (NASDAQ : YY ) can be downloaded free of charge at Research Driven Investing.

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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