Today's Research Reports on Trending Tickers: Finisar Corporation and Weibo Corporation
NEW YORK, NY / ACCESSWIRE / July 25, 2017 / U.S. markets were mixed Monday as earnings continued to be a major focus amongst investors. The Dow Jones Industrial Average declined 0.18 percent to close at 21,541.72, while the S&P 500 Index eked out a small gain of 0.01 percent to close at 2,472.69. The Nasdaq Composite Index rose 0.45 percent to close at a new record of 6,416.46. It is an important week for the technology sector as three of the FANG stocks, an acronym for top tech companies Facebook, Amazon, Netflix, and Google (now Alphabet, Inc.), are scheduled to report earnings this week. The S&P 500 Index is currently trading at approximately 17.7 times earnings estimates for the next 12 months, which is above the long-term average of 15 times earnings estimates, according to Reuters.
"The tech sector is the leading sector so far this year," said John Augustine, chief investment officer at Huntington Bank in Columbus, Ohio. "It's going to be important that those FANG stocks set a positive tone and give positive guidance."
RDI Initiates Coverage on:
Finisar Corporation
https://ub.rdinvesting.com/news/?ticker=FNSR
Weibo Corporation
https://ub.rdinvesting.com/news/?ticker=WB
Finisar Corporation's stock moved 4.38% higher Monday, to close the day at $28.37. The stock recorded a trading volume of 3,668,203 shares, which was above its three months average volume of 2,994,310 shares. In the last year, Finisar Corporation's shares have traded in a range of 18.00 - 36.85. The share price has gained 57.61% 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 $26.65 is below its 200-day moving average of $27.62. Shares of Finisar Corporation are trading at a Price to Earnings ratio of 12.95. Shares of Finisar Corporation have fallen approximately 6.28 percent year-to-date.
Access RDI's Finisar Corporation Research Report at:
https://ub.rdinvesting.com/news/?ticker=FNSR
On Monday, shares in Weibo Corporation recorded a trading volume of 2,022,368 shares, which was below the three months average volume of 2,612,160 shares. The stock ended the day 3.75% higher at 76.70. The share price has gained 145.44% from its 52 week low with a 52 week trading range of 31.25 - 82.28.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $0.00 is at its 200-day moving average of $0.00. Shares of the company are trading at a Price to Earnings ratio of 116.57. Shares of Weibo Corporation have gained approximately 88.92 percent year-to-date.
Access RDI's Weibo Corporation Research Report at:
https://ub.rdinvesting.com/news/?ticker=WB
Our Actionable Research on Finisar Corporation (NASDAQ: FNSR) and Weibo Corporation (NASDAQ: WB) 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 reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer or 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
