Today's Research Reports on Trending Tickers: Qorvo and Universal Display
NEW YORK, NY / ACCESSWIRE / August 22, 2018 / U.S. markets continue to edge higher on Tuesday as optimism over trade talks and upbeat earnings pushed equities into the green. Additionally, the Federal Reserve will release details on the latest meeting on Wednesday. On Friday, Fed Chairman Jerome Powell is scheduled for a speech at the Kansas City Fed's annual summer retreat. The Dow Jones Industrial Average hiked 0.25 percent to close at 25,822.29, while the S&P 500 Index have gained 0.21 percent to close at 2,862.96. The Nasdaq Composite Index increased 0.49 percent to close at 7,859.17.
Investment strategist at Edward Jones, Kate Warne said, “I think that this is optimism on at least some partial resolution of the trade negotiations as investors are expecting progress [on that front].” “If we reach new highs that's great but I think it would be a reflection of the positive underlying fundamentals of very positive earnings growth and modest interest rates,” Warne added.
RDI Initiates Coverage on:
Qorvo, Inc.
https://rdinvesting.com/news/?ticker=QRVO
Universal Display Corporation
https://rdinvesting.com/news/?ticker=OLED
Qorvo's stock jumped 3.73% Tuesday, to close the day at $81.10. The stock recorded a trading volume of 1,840,693 shares, which was above its three months average volume of 1,192,943 shares. In the last year, Qorvo's shares have traded in a range of 64.53 - 86.84. The share price has gained 25.68% 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 $82.26 is above its 200-day moving average of $78.96. Shares of Qorvo have fallen roughly 0.12 percent in the past month and are up 21.77 percent year-to-date.
Access RDI's Qorvo, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=QRVO
On Tuesday, shares of Universal Display recorded a trading volume of 1,039,898 shares, which was below the three months average volume of 1,239,092 shares. The stock ended the day 3.63% higher at $121.35. The share price has fallen 41.94% from its 52-week high with a 52-week trading range of 78.75 - 209.00. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $100.14 is below its 200-day moving average of $106.76. Shares of the company are trading at a Price to Earnings ratio of 91.93. Shares of Universal Display have gained roughly 26.87 percent in the past month and are down 29.71 percent year-to-date.
Access RDI's Universal Display Corporation Research Report at:
https://rdinvesting.com/news/?ticker=OLED
Our Actionable Research on Qorvo, Inc. (NASDAQ:QRVO) and Universal Display Corporation (NASDAQ:OLED) can be downloaded free of charge at Research Driven Investing.
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.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
