Today’s Research Reports on Trending Tickers: Alibaba and Momo
The Dow Jones Industrial Average and the S&P 500 Index closed Friday with a weekly gain, despite tech-giant Apple Inc. having its worst week in over a year and rising geopolitical tensions between the U.S. and North Korea. The Dow Jones declined 0.04 percent to close at 22,349.59, up 0.34 percent for the week, while the S&P 500 Index gained 0.06 percent to close at 2,502.22, up 0.05 percent for the week. Safe haven assets received a boost Friday after North Korean Foreign Minister Ri Yong Ho stated that the country could consider testing a hydrogen bomb over the Pacific Ocean.
“There were North Korea jitters and the Fed this week, but for stocks we are in this quiet period in terms of getting ready for third-quarter earnings,” said Dan Morgan, senior portfolio manager at Synovus Trust Co.
RDI Initiates Coverage on:
Alibaba Group Holding Limited
Alibaba Group Holding Limited’s stock edged 0.42% higher Friday, to close the day at $178.14. The stock recorded a trading volume of 12,749,689 shares, which was below its three months average volume of 17,773,700 shares. In the last year Alibaba Group Holding Limited’s shares have traded in a range of 86.01 – 180.87. The share price has gained 107.12% from its 52 week low. The company’s shares are currently trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $166.56 is greater than its 200-day moving average of $135.68. Shares of the company are trading at a Price to Earnings ratio of 59.12. Shares of Alibaba have gained approximately 102.87 percent year-to-date.
Access RDI’s Alibaba Group Holding Limited Research Report at:
On Friday, shares in Momo Inc. recorded a trading volume of 3,587,117 shares, which was below the three months average volume of 5,949,177 shares. The stock ended the day 1.27% lower at 34.97. The share price has gained 109.03% from its 52 week low with a 52 week trading range of 16.73 – 46.69.The company’s shares are currently trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $39.15 is greater than its 200-day moving average of $38.54. Shares of Momo have gained approximately 90.26 percent year-to-date.
Access RDI’s Momo Inc. Research Report at:
Our Actionable Research on Alibaba Group Holding Limited (NYSE:BABA) and Momo Inc. (NASDAQ:MOMO) can be downloaded free of charge at Research Driven Investing.
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