NEW YORK, NY / ACCESSWIRE / October 15, 2018 / U.S. markets bounced on Friday, erasing some of the losses for the week, as the third quarter earnings season kicked off. The Dow Jones Industrial Average jumped 1.15 percent to close at 25,339.99, while the S&P 500 Index increased 1.42 percent to close at 2,767.13. The Nasdaq Composite Index closed up 2.29 percent to close at 7,496.89.
According to Michael Arone, chief investment strategist for State Street Global Advisors, “Solid earnings helped investors breath a sign of relief.” Arone also said, “That gains accelerated towards the close indicates that investors are confident about the economy.”
RDI Initiates Coverage on:
Advanced Micro Devices, Inc.
Advanced Micro Devices' stock jumped 4.11% Friday, to close the day at $26.34. The stock recorded a trading volume of 107,409,253 shares, which was below its three months average volume of 117,890,259 shares. In the last year, Advanced Micro Devices' shares have traded in a range of 9.04 - 34.14. The share price has gained 191.37% 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 $28.99 is above its 200-day moving average of $18.20. Shares of the company are trading at a Price to Earnings ratio of 91.14. Shares of Advanced Micro Devices have fallen roughly 19.50 percent in the past month and are up 156.23 percent year-to-date.
Access RDI's Advanced Micro Devices, Inc. Research Report at:
On Friday, shares of NVIDIA recorded a trading volume of 14,145,821 shares, which was above the three months average volume of 10,006,306 shares. The stock ended the day 4.85% higher at $246.54. The share price has fallen 15.79% from its 52 week high with a 52 week trading range of 180.58 - 292.76. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $271.29 is above its 200-day moving average of $252.25. Shares of the company are trading at a Price to Earnings ratio of 35.93. Shares of NVIDIA have fallen roughly 10.81 percent in the past month and are up 27.41 percent year-to-date.
Access RDI's NVIDIA Corporation Research Report at:
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.
For any questions, inquiries, or comments reach out to us directly at:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.