Today's Research Reports on Trending Tickers: Bed Bath & Beyond and Carvana
NEW YORK, NY / ACCESSWIRE / January 14, 2019 /U.S. equities posted strong weekly gains, however,stock closed lower for the day on Friday on concerns over an ongoing U.S. government shutdown and worries about an economic slowdown in China. The Dow Jones Industrial Average dropped marginally by 0.02 percent to close 23,995.95, and S&P 500 was down by just 0.01 percent to settle at 2,596.64. The Nasdaq dropped 0.21 percent to close at 6,971.48. For the week, both Dow Jones Industrial Average and S&P 500 gained more than 2 percent and the Nasdaq Composite jumped 3.45 percent.
Joseph Song, an economist at Bank of America Merrill Lynch, said in a note to clients, "We think a deal will be reached to reopen the government, but only after economic, financial and/or political pain is felt," he added, "Every two weeks of a shutdown trims 0.1 [percentage points] from growth; additional drag is likely due to delays in spending and investment."
The Market Edge Initiates Coverage on:
Bed Bath & Beyond Inc.
https://marketedgereport.com/report/BBBY/
Carvana Co.
https://marketedgereport.com/report/CVNA/
Bed Bath & Beyond's stock jumped 6.58% Friday, to close the day at $15.23. The stock recorded a trading volume of 26,557,725 shares, which was above its three months average volume of 6,269,803 shares. In the last year, Bed Bath & Beyond's shares have traded in a range of 10.46 - 24.08. The share price has gained 45.6% 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 $12.15 is below its 200-day moving average of $15.79. Shares of the company are trading at a Price to Earnings ratio of 6.01. Shares of Bed Bath & Beyond have gained roughly 31.63 percent in the past month and are up 34.54 percent year-to-date.
Access The Market Edge's Bed Bath & Beyond Inc. Research Report:
https://marketedgereport.com/report/BBBY/
On Friday, shares of Carvana recorded a trading volume of 1,598,379 shares, which was below the three months average volume of 1,748,829 shares. The stock ended the day 7.76% higher at $36.80. The share price has fallen 49.3% from its 52week high with a52 week trading range of 16.02 - 72.59. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $35.84 is below its 200-day moving average of $46.84. Shares of Carvana have gained roughly 9.72 percent in the past month and are up 12.5 percent year-to-date.
Access The Market Edge's Carvana Co. Research Report:
https://marketedgereport.com/report/CVNA/
Our Actionable Research on Bed Bath & Beyond Inc. (NASDAQ:BBBY) and Carvana Co. (NYSE:CVNA) can be downloaded free of charge at The Market Edge.
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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.
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SOURCE: MarketEdgeReport
