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Today's Research Reports on Trending Tickers: Advanced Micro Devices and Lam Research

NEW YORK, NY / ACCESSWIRE / November 2, 2018 / U.S. markets rallied on Thursday, with the S&P 500 Index logging its first 3-day win streak in six weeks, as trade concerns between the U.S. and China continued to ease. The Dow Jones Industrial Average gained 1.06 percent to close at 25,380.74, while the S&P 500 Index increased 1.06 percent to close at 2,740.37. The Nasdaq Composite Index jumped 1.75 percent to close at 7,434.06.

“Equity markets were a sea of green yesterday, as risk appetite remained supported for another day. White House economic adviser Kudlow said that more tariffs on China are not ‘set in stone’, which may have boosted somewhat further market sentiment.” wrote Charalambos Pissouros, senior market analyst at brokerage and investment firm JFD Brokers, in a research note.

RDI Initiates Coverage on:

Advanced Micro Devices, Inc.
https://rdinvesting.com/news/?ticker=AMD

Lam Research Corporation
https://rdinvesting.com/news/?ticker=LRCX

Advanced Micro Devices' stock jumped 11.04% Thursday, to close the day at $20.22. The stock recorded a trading volume of 133,611,159 shares, which was above its three months average volume of 121,831,069 shares. In the last year, Advanced Micro Devices' shares have traded in a range of 9.04 - 34.14. The share price has gained 123.67% 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 $27.29 is above its 200-day moving average of $19.33. Shares of the company are trading at a Price to Earnings ratio of 69.97. Shares of Advanced Micro Devices have fallen roughly 35.65 percent in the past month and are up 96.69 percent year-to-date.

Access RDI's Advanced Micro Devices, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMD

On Thursday, shares of Lam Research recorded a trading volume of 5,765,488 shares, which was above the three months average volume of 3,051,909 shares. The stock ended the day 7.15% higher at $151.86. The share price has fallen 35.35% from its 52 week high with a 52 week trading range of 133.42 - 234.88. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $147.21 is below its 200-day moving average of $174.42. Shares of the company are trading at a Price to Earnings ratio of 11.51. Shares of Lam Research have gained roughly 1.08 percent in the past month and are down 17.50 percent year-to-date.

Access RDI's Lam Research Corporation Research Report at:
https://rdinvesting.com/news/?ticker=LRCX

Our Actionable Research on Advanced Micro Devices, Inc. (NASDAQ : AMD ) and Lam Research Corporation (NASDAQ : LRCX ) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com