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Today's Research Reports on Trending Tickers: Analog Devices and NVIDIA

NEW YORK, NY / ACCESSWIRE / November 21, 2018 / U.S. markets plunged on Tuesday as FAANG (Facebooks, Amazon, Apple, Netflix and Google) stocks entered into bear market territory, pressuring the tech sector lower. The Dow Jones Industrial Average tumbled 2.21 percent to close at 24,465.64, while the S&P 500 Index decreased 1.82 percent to close at 2,641.89. The Nasdaq Composite Index finished 1.7 percent lower at 6,908.82.

According to Dario Perkins, managing director of global macro at TS Lombard, " Short term , unexpected weakness in the tech sector could have a significant impact on the global economy, adding to what already looks like a soggier macro environment."

"Additional retrenchment in the FAANGs could also undermine the broader US stock market," Perkins added.

The Market Edge Initiates Coverage on:

Analog Devices, Inc.
https://marketedgereport.com/report/ADI/

NVIDIA Corporation
https://marketedgereport.com/report/NVDA/

Analog Devices' stock jumped 4.09% Tuesday, to close the day at $89.02. The stock recorded a trading volume of 6,660,128 shares, which was above its three months average volume of 3,573,755 shares. In the last year, Analog Devices' shares have traded in a range of 76.62 - 103.59. The share price has gained 16.18% 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 $85.64 is below its 200-day moving average of $93.66. Shares of the company are trading at a Price to Earnings ratio of 23.71. Shares of Analog Devices have gained roughly 8.11 percent in the past month and are down 0.01 percent year-to-date.

Access The Market Edge's Analog Devices, Inc. Research Report:
https://marketedgereport.com/report/ADI/

On Tuesday, shares of NVIDIA recorded a trading volume of 42,300,828 shares, which was above the three months average volume of 13,190,818 shares. The stock ended the day 3.03% higher at $149.08. The share price has fallen 49.08% from its 52 week high with a 52 week trading range of 133.32 - 292.76. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $224.99 is below its 200-day moving average of $248.97. Shares of the company are trading at a Price to Earnings ratio of 19.92. Shares of NVIDIA have fallen roughly 34.95 percent in the past month and are down 22.96 percent year-to-date.

Access The Market Edge's NVIDIA Corporation Research Report:
https://marketedgereport.com/report/NVDA/

Our Actionable Research on Analog Devices, Inc. (NASDAQ : ADI ) and NVIDIA Corporation (NASDAQ : NVDA ) can be downloaded free of charge at The Market Edge.

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Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

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SOURCE: MarketEdgeReport