Today's Research Reports on Trending Tickers: Alibaba and Sirius XM Holdings
NEW YORK, NY / ACCESSWIRE / May 21, 2018 / U.S. markets finished lower on Friday, and posted weekly drop as uncertainty on trade negotiations linger on the market. The Dow Jones Industrial Average was flat to close at 24,715.09, while the S&P 500 Index declined 0.26 percent to close at 2,712.97. The Nasdaq Composite Index fell 0.38 percent to close at 7,354.34.
"I don't think this is the warning sign others seem to — I'm in the camp that the rising yield reflects an improving economy — but I am concerned about tariffs and trade policy. To me, that's the biggest risk, and we need to see whether the negotiation process results in fairer policy," said Lance James, who manages about $3 billion as a senior portfolio manager of U.S. equities at RBC Global Asset Management.
RDI Initiates Coverage on:
Alibaba Group Holding Limited
https://rdinvesting.com/news/?ticker=BABA
Sirius XM Holdings Inc.
https://rdinvesting.com/news/?ticker=SIRI
Alibaba's stock moved 0.52% lower Friday, to close the day at $195.00. The stock recorded a trading volume of 14,242,305 shares, which was below its three months average volume of 17,799,191 shares. In the last year, Alibaba's shares have traded in a range of 121.95 - 206.20. The share price has gained 59.9% 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 $182.11 is below its 200-day moving average of $184.15. Shares of the company are trading at a Price to Earnings ratio of 47.68. Shares of Alibaba have gained roughly 8.87 percent in the past month and are up 13.09 percent year-to-date.
Access RDI's Alibaba Group Holding Limited Research Report at:
https://rdinvesting.com/news/?ticker=BABA
On Friday, shares of Sirius XM recorded a trading volume of 14,459,434 shares, which was below the three months average volume of 16,655,522 shares. The stock ended the day 1.16% higher at $6.97. The share price has fallen 0.57% from its 52-week high with a 52-week trading range of 4.90 - 7.01. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $6.45 is above its 200-day moving average of $5.96. Shares of the company are trading at a Price to Earnings ratio of 49.79. Shares of Sirius XM have gained roughly 10.11 percent in the past month and are up 30.04 percent year-to-date.
Access RDI's Sirius XM Holdings Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SIRI
Our Actionable Research on Alibaba Group Holding Limited (NYSE:BABA) and Sirius XM Holdings Inc. (NASDAQ:SIRI) 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:
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
