Release

Today’s Research Reports on Trending Tickers: Advanced Micro Devices and Micron Technology

U.S. markets were mixed Mondays as concerns over a potential trade war overshadowed Friday’s jobs data. The Dow Jones Industrial Average declined 0.62 percent to close at 25,178.61 and the S&P 500 Index was down 0.13 percent to close at 2,783.02. The Nasdaq Composite Index jumped 0.36 percent to close at a record 7,588.32. President Trump has implemented tariffs of 25 percent on imported steel imports and 10 percent on imported aluminum. Canada and Mexico have been excluded from the tariffs.

"It’s a growing concern that a mistake in trade policy could be as big as a mistake in monetary policy," said Art Hogan, chief market strategist at B. Riley FBR.

RDI Initiates Coverage on:

Advanced Micro Devices, Inc.
https://rdinvesting.com/news/?ticker=AMD

Micron Technology, Inc.
https://rdinvesting.com/news/?ticker=MU

Advanced Micro Devices’ stock moved 1.54% lower Monday, to close the day at $11.52. The stock recorded a trading volume of 83,748,671 shares, which was above its three months average volume of 56,615,050 shares. In the last year, Advanced Micro Devices’ shares have traded in a range of 9.70 – 15.65. The share price has gained 18.76% 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 $12.19 is greater than its 200-day moving average of $12.04. Shares of Advanced Micro Devices are trading at a Price to Earnings ratio of 288.00. Shares of Advanced Micro Devices have fallen roughly 1.37 percent in the past month and are up 12.06 percent year-to-date.

Access RDI’s Advanced Micro Devices, Inc. Research Report at:  
https://rdinvesting.com/news/?ticker=AMD

On Monday, shares of Micron Technology recorded a trading volume of 138,651,643 shares, which was above the three months average volume of 43,838,108 shares. The stock ended the day 8.76% higher at 59.37. The share price has gained 138.05% from its 52 week low with a 52 week trading range of 24.94 – 61.17. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $45.36 is greater than its 200-day moving average of $42.00. Shares of Micron Technology are trading at a Price to Earnings ratio of 9.28. Shares of Micron Technology have gained roughly 40.72 percent in the past month and are up 44.38 percent year-to-date.

Access RDI’s Micron Technology, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MU

Our Actionable Research on Advanced Micro Devices, Inc. (NASDAQ:AMD) and Micron Technology, Inc. (NASDAQ:MU) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. 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.

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