NEW YORK, NY / ACCESSWIRE / June 11, 2018 / U.S. markets finished higher and logged strongest week in months as investors shrug off tensions between U.S. and its allies. The Dow Jones Industrial Average increased 0.30 percent to close at 25,316.53, while the S&P 500 Index gained 0.31 percent to close at 2,779.03. The Nasdaq Composite Index was up 0.14 percent to close at 7,645.51 .For the week, the Dow jumped 2.8%, its biggest weekly gain in more than two months. The S&P hiked 1.6% and the Nasdaq rose 1.2%, posting their third straight weekly gain.
"I wouldn't have been surprised to have a down day in advance of G-7, and I find it very encouraging that markets are trending higher right now, it's a sign of resilience," said Leo Grohowski, chief investment officer at BNY Mellon Wealth Management. "Investors have been wise to not trade on trade talk and drama; we're in a war of words, but not a trade war. If that persists, then I'm not inclined to adjust our GDP or earnings estimates," Grohowski added.
RDI Initiates Coverage on:
Toll Brothers, Inc.
KB Home's stock jumped 3.33% Friday, to close the day at $27.58. The stock recorded a trading volume of 1,956,498 shares, which was above its three months average volume of 1,763,550 shares. In the last year, KB Home's shares have traded in a range of 20.68 - 38.80. The share price has gained 33.37% 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 $26.54 is below its 200-day moving average of $29.62. Shares of the company are trading at a Price to Earnings ratio of 27.61. Shares of KB Home have gained roughly 5.43 percent in the past month and are down 13.68 percent year-to-date.
Access RDI's KB Home Research Report at:
On Friday, shares of Toll Brothers recorded a trading volume of 2,097,875 shares, which was below the three months average volume of 2,191,631 shares. The stock ended the day 3.03% higher at $40.52. The share price has fallen 23.16% from its 52 week high with a 52 week trading range of 36.55 - 52.73. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $41.52 is below its 200-day moving average of $45.35. Shares of the company are trading at a Price to Earnings ratio of 11.29. Shares of Toll Brothers have fallen roughly 4.73 percent in the past month and are down 15.62 percent year-to-date.
Access RDI's Toll Brothers, Inc. Research Report at:
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
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.
For any questions, inquiries, or comments reach out to us directly at:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.