NEW YORK, NY / ACCESSWIRE / October 31, 2018 / U.S. markets rebounded on Tuesday as trade tensions eased after President Trump hinted that the U.S. was prepared to negotiate a trade deal with China. During a Fox News interview with Laura Ingraham, President Trump said the U.S. “will make a great deal with China and it has to be great, because they’ve drained our country.” The Dow Jones Industrial Average gained 1.77 percent to close at 24,874.64, while the S&P 500 Index increased 1.57 percent to close at 2,682.63. The Nasdaq Composite Index jumped 1.58 percent to close at 7,161.65.
“Once again, the month of October has been living up to its frightful reputation for wreaking havoc on stock prices: 1929 and 1987 are prime examples, and we can now safely say that 2018 will also go down in history as an illustration of October’s ability to scare investors. Unfortunately, I don’t foresee this volatility easing too much over the next few weeks,” said chief global market strategist at Invesco, Kristina Hooper.
RDI Initiates Coverage on:
Universal Display Corporation
Universal Display's stock jumped 6.74% Tuesday, to close the day at $108.14. The stock recorded a trading volume of 802,916 shares, which was below its three months average volume of 984,955 shares. In the last year, Universal Display's shares have traded in a range of 78.75 - 209.00. The share price has gained 37.32% 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 $118.84 is above its 200-day moving average of $104.34. Shares of the company are trading at a Price to Earnings ratio of 81.92. Shares of Universal Display have fallen roughly 8.28 percent in the past month and are down 37.36 percent year-to-date.
Access RDI's Universal Display Corporation Research Report at:
On Tuesday, shares of Xilinx recorded a trading volume of 5,862,667 shares, which was above the three months average volume of 2,473,883 shares. The stock ended the day 4.72% higher at $82.05. The share price has fallen 2.31% from its 52 week high with a 52 week trading range of 62.27 - 83.99. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $77.46 is above its 200-day moving average of $71.75. Shares of the company are trading at a Price to Earnings ratio of 38.39. Shares of Xilinx have gained roughly 2.35 percent in the past month and are up 21.7 percent year-to-date.
Access RDI's Xilinx, Inc. Research Report at:
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