Today's Research Reports on Trending Tickers: Snap and Tencent Music Entertainment
NEW YORK, NY / ACCESSWIRE / January 22, 2019 /U.S. markets closed up on Friday for the fourth consecutive session amidst optimism over the U.S.-China trade talk. The Dow Jones advanced 1.38 percent to settle at 24,706.35, while the S&P 500 surged by 1.32 to close at 2,670.71. The Nasdaq jumped 1.03 percent to settle at 7,157.23.
“With the shutdown slowly taking 0.1 percentage point of GDP each week, the president knows a victory in resolving the trade war can give him leverage on continuing his battle with Democrats on his border wall funding,” said market analyst at OANDA, Edward Moya.
The Market Wealth Report Initiates Coverage on:
Snap Inc.
https://marketwealthreport.com/report/SNAP/
Tencent Music Entertainment Group
https://marketwealthreport.com/report/TME/
Snap's stock jumped 7.67% Friday, to close the day at $6.18. The stock recorded a trading volume of 37,966,966 shares, which was above its three months average volume of 19,602,400 shares. In the last year, Snap's shares have traded in a range of 4.82 - 21.22. The share price has gained 28.22% 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 $5.85 is below its 200-day moving average of $8.70. Shares of Snap have gained roughly 23.85 percent in the past month and are up 8.23 percent year-to-date.
Access The Market Wealth's Snap Inc. Research Report:
https://marketwealthreport.com/report/SNAP/
On Friday, shares of Tencent Music Entertainment recorded a trading volume of 8,836,617 shares, which was above the three months average volume of 8,706,603 shares. The stock ended the day 10.64% higher at $14.35. The share price has fallen 2.71% from its 52 week high with a 52 week trading range of 11.81 - 14.75. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $12.86 is at par with its 200-day moving average of $12.86. Shares of the company are trading at a Price to Earnings ratio of 44.29. Shares of Tencent Music Entertainment Group have gained roughly 17.72 percent in the past month and are up 7.09 percent year-to-date.
Access The Market Wealth's Tencent Music Entertainment Group ResearchReport:
https://marketwealthreport.com/report/TME/
Our Actionable Research on Snap Inc. (NYSE:SNAP) and Tencent Music Entertainment Group (NYSE:TME) can be downloaded free of charge at The Market Wealth Report.
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Disclaimer: This article is written by an independent contributor of MarketWealthReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketWealthReport.com is neither a registeredbroker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketwealthreport.com/disclaimer.
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SOURCE: Market Wealth Report
