U.S. Markets close in 44 mins

Today's Research Reports on Trending Tickers: YY and iQIYI

NEW YORK, NY / ACCESSWIRE / August 14, 2018 / U.S. markets continued to drop on Monday as the recent currency crisis in Turkey raised some concern amongst investors. The Dow Jones Industrial Average decreased 0.50 percent to close at 25,187.70, while the S&P 500 Index fell 0.40 percent to close at 2,821.93. The Nasdaq Composite Index shed 0.25 percent to close at 7,819.71.

"August is not a great month to begin with. There's not a lot of volume. I'm not going to use August as a fortune-telling month for the rest of the year," according to Jack Ablin, chief investment officer at Cresset Wealth Management. "In many respects you expect August to go in the opposite direction. … I think we just need to take August off and figure out what the game plan is for September," he added.

RDI Initiates Coverage on:

YY Inc.
https://rdinvesting.com/news/?ticker=YY

iQIYI, Inc.
https://rdinvesting.com/news/?ticker=IQ

YY's stock moved 1.35% lower Monday, to close the day at $87.67. The stock recorded a trading volume of 1,649,757 shares, which was above its three months average volume of 1,436,879 shares. In the last year, YY's shares have traded in a range of 68.44 - 142.97. The share price has gained 28.1% 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 $96.63 is below its 200-day moving average of $108.91. Shares of the company are trading at a Price to Earnings ratio of 18.49. Shares of YY have fallen roughly 10.93 percent in the past month and are down 22.46 percent year-to-date.

Access RDI's YY Inc. Research Report at:
https://rdinvesting.com/news/?ticker=YY

On Monday, shares of iQIYI recorded a trading volume of 8,726,779 shares, which was below the three months average volume of 25,313,249 shares. The stock ended the day 3.16% lower at $28.47. The share price has fallen 38.42% from its 52 week high with a 52 week trading range of 15.30 - 46.23. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $32.18 is above its 200-day moving average of $26.63. Shares of iQIYI have fallen roughly 16.14 percent in the past month and are up 83.09 percent year-to-date.

Access RDI's iQIYI, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=IQ

Our Actionable Research on YY Inc. (NASDAQ:YY) and iQIYI, Inc. (NASDAQ:IQ) 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:

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com