Today's Research Reports on Trending Tickers: Skyworks Solutions and Advanced Micro Devices
NEW YORK, NY / ACCESSWIRE / September 18, 2017 / U.S. markets closed out the week with another record close Friday as information technology and financial stocks surged. The Dow Jones Industrial Average gained 0.29 percent to close at 22,268.34, up 2.16 percent for the week, its best weekly gain since the week of December 9th, 2016. The S&P 500 Index increased 0.18 percent to close at 2,500.23, up 1.56 percent for the week, while the NASDAQ Composite Index rose 0.30 percent to close at 6,448.47, up 1.39 percent for the week. Markets dipped in early trading Friday after news broke that North Korea fired a missile over Japan.
"Investors have been programmed to more or less ignore stuff with Korea. The last two or three times this kind of thing occurred we went down a little, only to turn back higher. We've learned to buy on the dips," said Terry Morris, senior vice president and senior equity manager for National Penn Investors Trust Company.
RDI Initiates Coverage on:
Skyworks Solutions Inc.
https://rdinvesting.com/news/?ticker=SWKS
Advanced Micro Devices Inc.
https://rdinvesting.com/news/?ticker=AMD
Skyworks Solutions Inc.'s stock moved 2.31% higher Friday, to close the day at $109.55. The stock recorded a trading volume of 2,366,271 shares, which was above its three months average volume of 1,694,350 shares. In the last year, Skyworks Solutions Inc.'s shares have traded in a range of 71.65 - 112.11. The share price has gained 52.90% 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 $104.40 is greater than its 200-day moving average of $102.14. Shares of the company are trading at a Price to Earnings ratio of 21.03. Shares of Skyworks Solutions have gained approximately 46.73 percent year-to-date.
Access RDI's Skyworks Solutions Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SWKS
On Friday, shares in Advanced Micro Devices Inc. recorded a trading volume of 50,337,411 shares, which was below the three months average volume of 71,239,696 shares. The stock ended the day 2.12% higher at 12.52. The share price has gained 109.72% from its 52 week low with a 52 week trading range of 5.97 - 15.65.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $12.72 is below its 200-day moving average of $12.81. Shares of Advanced Micro Devices have gained approximately 10.41 percent year-to-date.
Access RDI's Advanced Micro Devices Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMD
Our Actionable Research on Skyworks Solutions Inc. (NASDAQ:SWKS) and Advanced Micro Devices Inc. (NASDAQ:AMD) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
