U.S. markets open in 4 hours 32 minutes

Today's Research Reports on Trending Tickers: SINA and Bilibili

NEW YORK, NY / ACCESSWIRE / January 17, 2019 / Despite concerns of a partial government shutdown, U.S. markets extended gains for the second consecutive session on Wednesday on strong earnings from Bank of America Corp. and Goldman Sachs Group. The financial sector was the largest gainer with a 2.2 percent gain on Wednesday. The Dow Jones Industrial Average surged 0.59 percent to close at 24,207.16, while the S&P 500 Index rose 0.22 percent to close at 2,616.10. The Nasdaq Composite Index gained 0.15 percent to close at 7,034.69.

“The market is where it should be,” Bob Doll, senior equity strategist and portfolio manager at Nuveen, told MarketWatch. “Earnings so far have been mixed, but skewing positive,” he said, adding that management commentary has been “fairly optimistic so far.”

The Market Edge Initiates Coverage on:

SINA Corporation
https://marketedgereport.com/report/SINA/

Bilibili Inc.
https://marketedgereport.com/report/BILI/

SINA’s stock jumped 3.61% Wednesday, to close the day at $59.06. The stock recorded a trading volume of 584,215 shares, which was below its three months average volume of 730,016 shares. In the last year, SINA’s shares have traded in a range of 51.76 - 124.60. The share price has gained 14.1% 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 $59.23 is below its 200-day moving average of $67.55. Shares of the company are trading at a Price to Earnings ratio of 28.30. Shares of SINA have fallen roughly 0.94 percent in the past month and are up 10.1 percent year-to-date.

Access The Market Edge's SINA Corporation Research Report:
https://marketedgereport.com/report/SINA/

On Wednesday, shares of Bilibili recorded a trading volume of 4,318,257 shares, which was above the three months average volume of 4,166,487 shares. The stock ended the day 3.35% higher at $16.03. The share price has fallen 29.38% from its 52 week high with a 52 week trading range of 9.09 - 22.70. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $14.75 is above its 200-day moving average of $13.36. Shares of Bilibili have gained roughly 12.25 percent in the past month and are up 9.87 percent year-to-date.

Access The Market Edge's Bilibili Inc. Research Report:
https://marketedgereport.com/report/BILI/

Our Actionable Research on SINA Corporation (NASDAQ : SINA ) and Bilibili Inc. (NASDAQ : BILI ) can be downloaded free of charge at The Market Edge.

The Market Edge

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

The Market Edge has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

The Market Edge, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@marketedgereport.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: The Market Edge