NEW YORK, NY / ACCESSWIRE / July 2, 2018 / Major U.S. markets finished higher on Friday, but finished the week lower due to ongoing global trade concerns. The Dow Jones Industrial Average increased 0.23 percent to close at 24,271.41, while the S&P 500 Index jumped 0.08 percent to close at 2,718.37. The Nasdaq Composite Index climbed 0.09 percent to close at 7,510.30. For the week, S&P 500 shed 1.3 percent, while Dow Industrials declined 1.3 percent and Nasdaq plunged over 2 percent.
"We now find ourselves in what can reasonably be called a successful, growing economy. We are back to what we like to think of as normal. As we look into the second half of 2018, I believe that the economy will continue to grow, with healthy employment conditions, rising interest rates, and the reasonable prospect of rising markets. I expect growth to accelerate from first-quarter levels to levels closer to what prevailed in the 1990s and 2000s - in other words, normal," said Brad McMillan, chief investment officer at Commonwealth Financial Network.
RDI Initiates Coverage on:
Applied Materials, Inc.
Universal Display Corporation
Applied Materials' stock moved 1.99% higher Friday, to close the day at $46.19. The stock recorded a trading volume of 15,112,231 shares, which was above its three months average volume of 14,066,865 shares. In the last year, Applied Materials' shares have traded in a range of 40.98 - 62.40. The share price has gained 12.71% 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 $50.30 is below its 200-day moving average of $53.42. Shares of the company are trading at a Price to Earnings ratio of 15.51. Shares of Applied Materials have fallen roughly 11.58 percent in the past month and are down 9.64 percent year-to-date.
Access RDI's Applied Materials, Inc. Research Report at:
On Friday, shares of Universal Display recorded a trading volume of 1,579,463 shares, which was above the three months average volume of 1,313,168 shares. The stock ended the day 3.61% higher at $86.00. The share price has fallen 58.85% from its 52 week high with a 52 week trading range of 78.75 - 209.00. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $94.71 is below its 200-day moving average of $126.77. Shares of the company are trading at a Price to Earnings ratio of 41.17. Shares of Universal Display have fallen roughly 13.61 percent in the past month and are down 50.19 percent year-to-date.
Access RDI's Universal Display Corporation Research Report at:
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