Today's Research Reports on Trending Tickers: Applied Optoelectronics and Ubiquiti Networks
NEW YORK, NY / ACCESSWIRE / September 19, 2017 / U.S. markets reached record highs Monday as financial stocks rallied with the latest Federal Reserve meeting on the horizon. The Dow Jones Industrial Average gained 0.28 percent to close at a record 22,331.35, its 5th consecutive record close and the 40th of 2017, while the S&P 500 Index rose 0.15 percent to close at a record 2,503.87. The NASDAQ Composite Index increased 0.10 percent to close at 6,454.64. Rising Treasury yields provided a boost to the financial sector. On Monday, the Financial Select Sector SPDR Fund jumped 1.17 percent. Investors appear to be eagerly awaiting details on monetary policy from the Fed meeting, which begins on Tuesday.
"There's momentum in the market. There's lots of cash. Even though the Fed's about to reduce their balance sheet, you continue to have an incredibly aggressive monetary policy. That continues to lead to money flowing into the market almost in an indiscriminate fashion," said Stephen Massocca, senior vice president at Wedbush Securities in San Francisco, according to Reuters.
RDI Initiates Coverage on:
Applied Optoelectronics Inc.
https://rdinvesting.com/news/?ticker=AAOI
Ubiquiti Networks Inc.
https://rdinvesting.com/news/?ticker=UBNT
Applied Optoelectronics' stock jumped 13.70% Monday, to close the day at $66.29. The stock recorded a trading volume of 6,230,341 shares, which was above its three months average volume of 3,472,280 shares. In the last year, Applied Optoelectronics shares have traded in a range of 18.85 - 103.41. The share price has gained 251.67% from its 52 week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $67.17 is greater than its 200-day moving average of $62.42. Shares of the company are trading at a Price to Earnings ratio of 15.75. Shares of Applied Optoelectronics have gained approximately 182.81 percent year-to-date.
Access RDI's Applied Optoelectronics Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAOI
On Monday, shares in Ubiquiti Networks recorded a trading volume of 11,736,723 shares, which was above the three months average volume of 519,177 shares. The stock ended the day 7.89% lower at 50.62. The stock is currently trading 25.35% below its 52-week high with a 52-week trading range of 45.71 - 67.80.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $61.45 is greater than its 200-day moving average of $52.94. Shares of the company are trading at a Price to Earnings ratio of 16.38. Shares of Ubiquiti Networks have fallen approximately 12.43 percent year-to-date.
Access RDI's Ubiquiti Networks Inc. Research Report at:
https://rdinvesting.com/news/?ticker=UBNT
Our Actionable Research on Applied Optoelectronics Inc. (NASDAQ:AAOI) and Ubiquiti Networks Inc. (NASDAQ:UBNT) 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:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
