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:
American Eagle Outfitters, Inc.
Hanesbrands' stock jumped 3.63% Friday, to close the day at $14.84. The stock recorded a trading volume of 4,935,949 shares, which was below its three months average volume of 6,322,141 shares. In the last year, Hanesbrands' shares have traded in a range of 11.57 - 23.33. The share price has gained 28.26% 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 $13.65 is below its 200-day moving average of $17.04. Shares of the company are trading at a Price to Earnings ratio of 1349.09. Shares of Hanesbrands have gained roughly 14.42 percent in the past month and are up 18.44 percent year-to-date.
Access The Market Wealth's Hanesbrands Inc. Research Report:
On Friday, shares of American Eagle Outfitters recorded a trading volume of 4,537,128 shares, which was below the three months average volume of 4,903,006 shares. The stock ended the day 3.04% higher at $20.66. The share price has fallen 30.86% from its 52 week high with a 52 week trading range of 16.14 - 29.88. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $19.28 is below its 200-day moving average of $22.73. Shares of the company are trading at a Price to Earnings ratio of 13.23. Shares of American Eagle Outfitters have gained roughly 14.08 percent in the past month and are up 6.88 percent year-to-date.
Access The Market Wealth's American Eagle Outfitters, Inc. ResearchReport:
The Market Wealth Report
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 Wealth Report has not been compensated; directly or indirectly; for producing or publishing this document.
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 registered
For any questions, inquiries, or comments reach out to us directly at:
The Market Wealth Report, Unit #901 511 Avenue of the Americas, New York, NY, 10011
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Market Wealth Report