U.S. Markets close in 2 mins

Today's Research Reports on Trending Tickers: Cloudera and Inpixon

NEW YORK, NY / ACCESSWIRE / October 4, 2018 / Major U.S. markets closed up on Wednesday, with the Dow Jones hitting a record high for the 15th time this year on upbeat economic data. However, market gains were trimmed later during the day with major indexes closing off intraday highs due to rising bond yields. The Dow Jones Industrial Average gained 0.20 percent to close at 26,828.39, while the S&P 500 Index jumped 0.07 percent to close at 2,925.51. The Nasdaq Composite Index climbed 0.32 percent to close at 8,025.08.

“Risk appetite has picked up recently in part because of stronger economic data and also because of progress made on trade between the U.S. and its neighboring countries, Mexico and Canada. The removal of uncertainty around trade is lifting longer-term bond yields as the prospects for growth remain intact while the Fed has yet to signal a faster pace of rate hikes,” according to Charlie Ripley, senior investment strategist at Allianz Investment Management.

RDI Initiates Coverage on:

Cloudera, Inc.
https://rdinvesting.com/news/?ticker=CLDR

Inpixon
https://rdinvesting.com/news/?ticker=INPX

Cloudera's stock moved 1.07% higher Wednesday, to close the day at $17.08. The stock recorded a trading volume of 2,204,191 shares, which was above its three months average volume of 2,094,532 shares. In the last year, Cloudera's shares have traded in a range of 12.57 - 22.42. The share price has gained 35.88% 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 $16.09 is above its 200-day moving average of $15.60. Shares of Cloudera have gained roughly 13.79 percent in the past month and are up 3.39 percent year-to-date.

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

On Wednesday, shares of Inpixon recorded a trading volume of 53,657,547 shares, which was above the three months average volume of 5,544,412 shares. The stock ended the day 104.88% higher at $0.42. The share price has fallen 97.7% from its 52 week high with a 52 week trading range of 0.10 - 18.30. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $0.16 is below its 200-day moving average of $0.36. Shares of Inpixon have gained roughly 193.71 percent in the past month and are down 93.33 percent year-to-date.

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

Our Actionable Research on Cloudera, Inc. (NYSE : CLDR ) and Inpixon (NASDAQ : INPX ) 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:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com