NEW YORK, NY / ACCESSWIRE / July 19, 2018 / U.S. equities closed mostly higher Wednesday, as investors welcomed quarterly earnings and positive signs of a rapidly growing domestic economy. The Dow Jones Industrial Average gained 0.32 percent to close at 25,199.29, while the S&P 500 Index was up 0.22 percent to close at 2,815.62. The Nasdaq Composite Index declined 0.01 percent to close at 7,854.44.
Ken Winans, president of Winans Investments based in Novato, Calif. said, "It all still comes down to earnings and interest rates and so far we're good on earnings and we know from Jerome Powell, that the interest-rate picture is pretty predictable."
RDI Initiates Coverage on:
United Continental Holdings, Inc.
Delta Air Lines, Inc.
United Continental's stock jumped 8.79% Wednesday, to close the day at $79.00. The stock recorded a trading volume of 15,644,037 shares, which was above its three months average volume of 3,272,163 shares. In the last year, United Continental's shares have traded in a range of 56.51 - 81.39. The share price has gained 39.8% 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 $71.26 is above its 200-day moving average of $69.45. Shares of the company are trading at a Price to Earnings ratio of 10.74. Shares of United Continental have gained roughly 6.05 percent in the past month and are up 17.21 percent year-to-date.
Access RDI's United Continental Holdings, Inc. Research Report at:
On Wednesday, shares of Delta Air Lines recorded a trading volume of 10,212,253 shares, which was above the three months average volume of 6,724,504 shares. The stock ended the day 3.25% higher at $52.80. The share price has fallen 13.14% from its 52 week high with a 52 week trading range of 44.59 - 60.79. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $52.43 is below its 200-day moving average of $53.90. Shares of the company are trading at a Price to Earnings ratio of 10.63. Shares of Delta Air Lines have fallen roughly 3.65 percent in the past month and are down 5.71 percent year-to-date.
Access RDI's Delta Air Lines, Inc. Research Report at:
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