NEW YORK, NY / ACCESSWIRE / August 7, 2018 / U.S. markets closed in the green on Monday, as Nasdaq surged for the fifth consecutive session, on a batch of strong corporate earnings, amidst ongoing trade-related concerns between U.S. and China. The Dow Jones Industrial Average increased 0.16 percent to close at 25,502.18, while the S&P 500 Index has gained 0.35 percent to close at 2,850.40. The Nasdaq Composite Index climbed 0.61 percent to close at 7,859.68.
According to senior portfolio manager at TCW, Diane Jaffee,"Earnings growth has been great in the second quarter, but that has been countered by the signs that tariffs have moved from rhetoric into action and are impacting global supply chain."
RDI Initiates Coverage on:
Advanced Micro Devices, Inc.
Cirrus Logic, Inc.
Advanced Micro Devices' stock jumped 5.08% Monday, to close the day at $19.43. The stock recorded a trading volume of 79,495,759 shares, which was above its three months average volume of 65,646,085 shares. In the last year, Advanced Micro Devices' shares have traded in a range of 9.04 - 20.18. The share price has gained 114.93% 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 $16.62 is above its 200-day moving average of $13.14. Shares of the company are trading at a Price to Earnings ratio of 127.83. Shares of Advanced Micro Devices have gained roughly 18.77 percent in the past month and are up 89.01 percent year-to-date.
Access RDI's Advanced Micro Devices, Inc. Research Report at:
On Monday, shares of Cirrus Logic recorded a trading volume of 1,000,509 shares, which was below the three months average volume of 1,043,485 shares. The stock ended the day 3.06% higher at $42.72. The share price has fallen 27.7% from its 52 week high with a 52 week trading range of 34.78 - 59.09. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $40.07 is below its 200-day moving average of $41.11. Shares of the company are trading at a Price to Earnings ratio of 17.37. Shares of Cirrus Logic have gained roughly 6.56 percent in the past month and are down 17.62 percent year-to-date.
Access RDI's Cirrus Logic, Inc. Research Report at:
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