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:
MGM Resorts International
Boyd Gaming Corporation
MGM Resorts' stock moved 2.96% higher Friday, to close the day at $28.56. The stock recorded a trading volume of 13,682,797 shares, which was above its three months average volume of 8,829,474 shares. In the last year, MGM Resorts' shares have traded in a range of 21.62 - 38.41. The share price has gained 32.1% 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 $26.00 is below its 200-day moving average of $27.49. Shares of the company are trading at a Price to Earnings ratio of 8.63. Shares of MGM Resorts have gained roughly 27.61 percent in the past month and are up 17.72 percent year-to-date.
On Friday, shares of Boyd Gaming recorded a trading volume of 1,663,425 shares, which was below the three months average volume of 1,844,038 shares. The stock ended the day 3.49% higher at $26.71. The share price has fallen 33.95% from its 52
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SOURCE: Market Wealth Report