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Today's Research Reports on Trending Tickers: Macy's and Dillard's

NEW YORK, NY / ACCESSWIRE / October 30, 2018 / U.S. equities continued to drop on Monday as losses in the energy and tech sectors added to the ongoing trade concerns between the U.S. and China. The Dow Jones Industrial Average shed 0.99 percent to close at 24,442.92, while the S&P 500 Index decreased 0.66 percent to close at 2,641.25. The Nasdaq Composite Index dropped 1.63 percent to close at 7,050.29.

The losses among stocks that had, until recently, supported the rally is hurting the market, said the chief economic strategist at Capitol Securities Management Inc., Kent Engelke. “Many times I have commented about the massive ownership of a few names that have created the most imbalanced market in at least a generation. I can envision a period of time when selling in the indices—led by the selling of the FAANG(Facebook, Apple, Amazon, Netflix and Google) companies—continues while the typical stock advances,” Engelke added.

MER Initiates Coverage on:

Macy's, Inc.
https://marketedgeport.com/report/M/

Dillard's, Inc.
https://marketedgeport.com/report/DDS/

Macy's stock jumped 4.97% Monday, to close the day at $33.98. The stock recorded a trading volume of 11,262,821 shares, which was above its three months average volume of 7,688,728 shares. In the last year, Macy's shares have traded in a range of 17.41 - 41.99. The share price has gained 95.18% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $33.98 is below its 200-day moving average of $35.33. Shares of the company are trading at a Price to Earnings ratio of 6.32. Shares of Macy's have fallen roughly 2.16 percent in the past month and are up 34.89 percent year-to-date.

Access MER's Macy's, Inc. Research Report at:
https://marketedgeport.com/report/M/

On Monday, shares of Dillard's recorded a trading volume of 517,003 shares, which was below the three months average volume of 528,781 shares. The stock ended the day 4.14% higher at $74.28. The share price has fallen 24.78% from its 52 week high with a 52 week trading range of 49.91 - 98.75. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $74.27 is below its 200-day moving average of $80.06. Shares of the company are trading at a Price to Earnings ratio of 8.38. Shares of Dillard's have fallen roughly 2.7 percent in the past month and are up 23.7 percent year-to-date.

Access MER's Dillard's, Inc. Research Report at:
https://marketedgeport.com/report/DDS/

Our Actionable Research on Macy's, Inc. (NYSE : M ) and Dillard's, Inc. (NYSE : DDS ) can be downloaded free of charge at MarketEdge Report.

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SOURCE: MarketEdge Report