U.S. Markets close in 3 mins

Today's Research Reports on Trending Tickers: Broadcom and Applied Optoelectronics, Inc.

NEW YORK, NY / ACCESSWIRE / November 6, 2017 / U.S. markets were lifted higher Friday by a strong earnings report from tech-giant Apple Inc., offsetting mixed economic data. The Dow Jones Industrial Average gained 0.10 percent to close at 23,539.19, while the S&P 500 Index rose 0.31 percent to close at 2,587.84. The NASDAQ Composite Index jumped 0.74 percent to close at 6,764.44. On Friday, data showed 261,000 jobs were added in October, which fell short of the 325,000 economists were expecting.

"Whether the new Fed chair, the tax reform plan, or the nonfarm payrolls today, the market keeps grinding higher," said Nicholas Angilletta, head of capital markets for Deutsche Bank Wealth Management Americas, according to The Wall Street Journal. "Investors don't want to miss the next new high tomorrow."

RDI Initiates Coverage on:

Broadcom Ltd.
https://rdinvesting.com/news/?ticker=AVGO

Applied Optoelectronics, Inc.
https://rdinvesting.com/news/?ticker=AAOI

Broadcom's shares increased 5.45 percent to close at $273.63 a share Friday. The stock traded between $257.11 and $278 on volume of 12.05 million shares traded. In the last year, Broadcom's shares have traded in a range of 160.62 - 278. The share price is 70.35% higher than 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 $247.02 is greater than its 200-day moving average of $243.16. Shares of Broadcom have gained roughly 12.3 percent in the past month and are up 54.79 percent year-to-date.

Access RDI's Broadcom Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=AVGO

Applied Optoelectronics' shares declined 3.72 percent to close at $37.82 a share Friday. The stock traded between $37.56 and $39.87 on volume of 2.7 million shares traded. The share price is 83.32% higher than its 52-week low with a 52-week trading range of 20.63 – 103.41. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $52.67 is less than its 200-day moving average of $63.09. Shares of Applied Optoelectronics have fallen roughly 33.64 percent in the past month and are up 61.35 percent year-to-date.

Access RDI's Applied Optoelectronics, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAOI

Our Actionable Research on Broadcom Ltd. (NASDAQ: AVGO) and Applied Optoelectronics, Inc. (NASDAQ: AAOI) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

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.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

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

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

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

SOURCE: RDInvesting.com