Today's Research Reports on Trending Tickers: 58.com and YY Inc.
NEW YORK, NY / ACCESSWIRE / May 1, 2018 / U.S. markets ended April on a down note as another batch of corporate failed to boost investor optimism. The Dow Jones Industrial Average declined 0.61 percent to close at 24,163.15, while the S&P 500 fell 0.82 percent to close at 2,648.05. The Nasdaq Composite Index dropped 0.75 percent to close at 7,066.27. On Monday, all 11 sectors in the S&P 500 Index closed lower, while 25 of the 30 Dow components closed in the red.
"There's some caution about what the summer might bring, especially since stocks are up some 40% over the past year and a half," said Phil Orlando, chief equity market strategist at Federated Investors, according to MarketWatch.
"There's no shortage of things that can make you nervous, including North Korea, Iran, the Mueller investigation, the midterms, upcoming Fed meetings and so forth. We think the market will continue to move higher, but there's a lot of caution that is obscuring the good news in earnings."
RDI Initiates Coverage on:
58.com Inc.
https://rdinvesting.com/news/?ticker=WUBA
YY Inc.
https://rdinvesting.com/news/?ticker=YY
58.com's stock jumped 3.9% Monday, to close the day at $87.39. The stock recorded a trading volume of 1,779,028 shares, which was above its three months average volume of 1,061,170 shares. In the last year, 58.com's shares have traded in a range of 39.50 - 88.30. The share price has gained 121.8% 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 $81.22 is above its 200-day moving average of $75.71. Shares of the company are trading at a Price to Earnings ratio of 63.33. Shares of 58.com have gained roughly 9.43 percent in the past month and are up 22.1 percent year-to-date.
Access RDI's 58.com Inc. Research Report at:
https://rdinvesting.com/news/?ticker=WUBA
On Monday, shares of YY recorded a trading volume of 1,372,576 shares, which was below the three months average volume of 1,813,732 shares. The stock ended the day 3.33% higher at $96.39. The share price has fallen 32.58% from its 52 week high with a 52 week trading range of 49.00 - 142.97. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $104.43 is below its 200-day moving average of $111.96. Shares of the company are trading at a Price to Earnings ratio of 14.76. Shares of YY have fallen roughly 8.37 percent in the past month and are down 14.74 percent year-to-date.
Access RDI's YY Inc. Research Report at:
https://rdinvesting.com/news/?ticker=YY
Our Actionable Research on 58.com Inc. (NYSE :WUBA) and YY Inc. (NASDAQ :YY) can be downloaded free of charge at Research Driven Investing.
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