Today's Research Reports on Trending Tickers: American Eagle Outfitters and Hanesbrands
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:
American Eagle Outfitters, Inc.
https://marketedgereport.com/report/AEO/
Hanesbrands Inc.
https://marketedgereport.com/report/HBI/
American Eagle Outfitters' stock jumped 3.54% Tuesday, to close the day at $18.42. The stock recorded a trading volume of 5,108,239 shares, which was above its three months average volume of 4,794,973 shares. In the last year, American Eagle Outfitters’ shares have traded in a range of 16.14 - 29.88. The share price has gained 14.13% 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 $20.71 is below its 200-day moving average of $23.49. Shares of the company are trading at a Price to Earnings ratio of 11.79. Shares of American Eagle Outfitters have fallen roughly 9.04 percent in the past month and are down 2.02 percent year-to-date.
Access The Market Edge's American Eagle Outfitters, Inc. ResearchReport:
https://marketedgereport.com/report/AEO/
On Tuesday, shares of Hanesbrands recorded a trading volume of 8,337,102 shares, which was above the three months average volume of 5,711,212 shares. The stock ended the day 1.54% lower at $12.77. The share price has fallen 45.26% from its 52 week high with a 52 week trading range of 12.62 - 23.33. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $15.66 is below its 200-day moving average of $18.31. Shares of the company are trading at a Price to Earnings ratio of 1160.91. Shares of Hanesbrands have fallen roughly 14.35 percent in the past month and are down 38.93 percent year-to-date.
Access The Market Edge's Hanesbrands Inc. Research Report:
https://marketedgereport.com/report/HBI/
Our Actionable Research on American Eagle Outfitters, Inc. (NYSE:AEO) and Hanesbrands Inc. (NYSE:HBI) can be downloaded free of charge at The Market Edge.
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SOURCE: The Market Edge
