Today's Research Reports on Trending Tickers: The Kroger and Macy's
NEW YORK, NY / ACCESSWIRE / December 19, 2018 / U.S. markets finished modestly higher on a very volatile trading day on Tuesday. The volatility was probably due to the market’s anxiety over the uncertainty in U.S.-China trade relation, growing fears of a government shutdown, a slide in oil prices and fears of the Federal Reserve’s tightening of monetary policy. The Dow Jones Industrial Average gained 0.35 percent to close at 23,675.64, while the S&P 500 Index increased 0.01 percent to close at 2,546.16. The Nasdaq Composite Index climbed 0.45 percent to close at 6,783.91.
The Chief Investment Strategist of Key Private Bank, Bruce McCain said, "I think it's anxiety about slowing economic growth and [traders] want assurance that someone's going to do something."
"Clearly, it's a time of uncertainly both here and overseas, but given the strength of the economy, it's going to take some time until the economic backdrop supports a bear market. It's about managing your anxiety and waiting long enough to find out that, hopefully, the news isn't so bad," he added.
The Market Edge Initiates Coverage on:
The Kroger Co.
https://marketedgereport.com/report/KR/
Macy's, Inc.
https://marketedgereport.com/report/M/
The Kroger's stock moved 1.28% lower Tuesday, to close the day at $28.55. The stock recorded a trading volume of 7,530,805 shares, which was below its three months average volume of 8,253,796 shares. In the last year, The Kroger's shares have traded in a range of 22.85 - 32.74. The share price has gained 24.95% 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 $29.96 is above its 200-day moving average of $29.09. Shares of the company are trading at a Price to Earnings ratio of 6.53. Shares of The Kroger have fallen roughly 5.59 percent in the past month and are up 4.01 percent year-to-date.
Access The Market Edge's The Kroger Co. Research Report:
https://marketedgereport.com/report/KR/
On Tuesday, shares of Macy's recorded a trading volume of 7,161,871 shares, which was below the three months average volume of 7,938,895 shares. The stock ended the day 2.54% higher at $31.05. The share price has fallen 26.05% from its 52 week high with a 52 week trading range of 22.47 - 41.99. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $33.82 is below its 200-day moving average of $35.94. Shares of the company are trading at a Price to Earnings ratio of 5.68. Shares of Macy's have fallen roughly 6.76 percent in the past month and are up 23.26 percent year-to-date.
Access The Market Edge's Macy's, Inc. Research Report:
https://marketedgereport.com/report/M/
Our Actionable Research on The Kroger Co. (NYSE:KR) and Macy's, Inc. (NYSE:M) can be downloaded free of charge at The Market Edge.
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SOURCE: The Market Edge