Release

Today’s Research Reports on Trending Tickers: Applied Optoelectronics and Universal Display Corporation

Major Indexes pulled back on Thursday as investors digested earnings from JPMorgan Chase and Citigroup. The Dow Jones Industrial Average declined 0.14 percent to close at 22,841.01, while the S&P 500 Index fell 0.17 percent to close at 2,550.93. The Nasdaq Composite Index decreased 0.18 percent to close at 6,591.51. On Thursday, earnings from Citigroup and JPMorgan Chase signaled the start of earnings season.

“Basic fundamentals are good, companies are making money, and I think the market will be relatively strong throughout earnings season, but I don’t see a huge spike up between now and the end of the year because a lot [of earnings optimism] has been priced in,” said Gary Droz, managing director at MainLine Private Wealth.

RDI Initiates Coverage on:

Applied Optoelectronics Inc.
https://rdinvesting.com/news/?ticker=AAOI

Universal Display Corporation
https://rdinvesting.com/news/?ticker=OLED

Applied Optoelectronics Inc.’s stock moved 4.23% lower Thursday, to close the day at $58.84. The stock recorded a trading volume of 3,646,559 shares, which was above its three months average volume of 3,496,320 shares. In the last year Applied Optoelectronics Inc.’s shares have traded in a range of 18.85 – 103.41. The share price has gained 212.15% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. Moreover, the stock’s 50-day moving average of $60.97 is below its 200-day moving average of $64.04. Shares of the company are trading at a Price to Earnings ratio of 13.98. Shares of Applied Optoelectronics have gained approximately 151.02 percent year-to-date.

Access RDI’s Applied Optoelectronics Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AAOI

On Thursday, shares in Universal Display Corporation recorded a trading volume of 1,453,909 shares, which was above the three months average volume of 843,065 shares. The stock ended the day 3.38% higher at 134.60. The share price has gained 181.12% from its 52 week low with a 52 week trading range of 47.88 – 145.30.The company’s shares are currently trading above their 200-day moving average. Moreover, the stock’s 50-day moving average of $127.53 is greater than its 200-day moving average of $113.01. Shares of the company are trading at a Price to Earnings ratio of 78.03. Shares of Universal Display have gained approximately 139.08 percent year-to-date.

Access RDI’s Universal Display Corporation Research Report at:
https://rdinvesting.com/news/?ticker=OLED

Our Actionable Research on Applied Optoelectronics Inc. (NASDAQ:AAOI) and Universal Display Corporation (NASDAQ:OLED) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

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.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

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.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

[email protected]

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.