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Today's Research Reports on Trending Tickers: Nektar Therapeutics and Bristol-Myers Squibb

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.

MER Initiates Coverage on:

Nektar Therapeutics
https://marketedgereport.com/report/NKTR/

Bristol-Myers Squibb Company
https://marketedgereport.com/report/BMY/

Nektar Therapeutics' stock jumped 8.73% Monday, to close the day at $36.99. The stock recorded a trading volume of 6,219,847 shares, which was above its three months average volume of 2,220,939 shares. In the last year, Nektar Therapeutics' shares have traded in a range of 33.50 - 111.36. The share price has gained 10.42% 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 $46.75 is below its 200-day moving average of $58.41. Shares of the company are trading at a Price to Earnings ratio of 6.88. Shares of Nektar Therapeutics have fallen roughly 24.37 percent in the past month and are down 38.06 percent year-to-date.

Access MER's Nektar Therapeutics Research Report at:
https://marketedgereport.com/report/NKTR/

On Monday, shares of Bristol-Myers Squibb recorded a trading volume of 6,259,780 shares, which was below the three months average volume of 7,213,656 shares. The stock ended the day 1.01% lower at $52.85. The share price has fallen 24.55% from its 52 week high with a 52 week trading range of 46.94 - 70.05. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $56.39 is above its 200-day moving average of $56.36. Shares of the company are trading at a Price to Earnings ratio of 234.89. Shares of Bristol-Myers Squibb have fallen roughly 8.1 percent in the past month and are down 13.76 percent year-to-date.

Access MER's Bristol-Myers Squibb Company Research Report at:
https://marketedgereport.com/report/BMY/

Our Actionable Research on Nektar Therapeutics (NASDAQ : NKTR ) and Bristol-Myers Squibb Company (NYSE : BMY ) can be downloaded free of charge at MarketEdge Report.

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SOURCE: MarketEdgeReport