Today’s Research Reports on Trending Tickers: Cisco and Oclaro
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: Cisco Systems, Inc.
https://rdinvesting.com/news/?ticker=CSCO Oclaro, Inc.
https://rdinvesting.com/news/?ticker=OCLR Cisco’s stock edged 0.40% higher Monday, to close the day at $45.55. The stock recorded a trading volume of 18,299,843 shares, which was below its three months average volume of 26,784,820 shares. In the last year, Cisco’s shares have traded in a range of 30.36 – 45.89. The share price has gained 50.03% 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 $42.64 is greater than its 200-day moving average of $37.23. Shares of Cisco have gained roughly 12.19 percent in the past month and are up 18.93 percent year-to-date. Access RDI’s Cisco Systems, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CSCO On Monday, shares of Oclaro recorded a trading volume of 80,069,068 shares, which was above the three months average volume of 4,671,213 shares. The stock ended the day 27.52% higher at 10.01. The share price has gained 78.43% from its 52 week low with a 52 week trading range of 5.61 – 10.93. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $6.75 is below its 200-day moving average of $7.43. Shares of the company are trading at a Price to Earnings ratio of 12.37. Shares of Oclaro have gained roughly 56.16 percent in the past month and are up 48.52 percent year-to-date. Access RDI’s Oclaro, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=OCLR Our Actionable Research on Cisco Systems, Inc. (NASDAQ:CSCO) and Oclaro, Inc. (NASDAQ:OCLR) 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.