Today’s Research Reports on Trending Tickers: Nike and Coca-Cola
Strong performances from banking and technology stocks helped lift the markets further into the green on Tuesday. The Dow Jones Industrial Average gained 0.16 percent to close at 24,640.45, while the S&P 500 Index increased 0.26 percent to close at 2,662.94. The tech-heavy Nasdaq Composite Index rose 0.45 percent to close at 7,013.51. U.S. markets have experienced steep declines last week on rising interest rates and inflation concerns.“If inflation continues to pick up, the equity market will continue to struggle from here. If worries about inflation come true, the problem is that central banks will have no choice but to raise rates, which won’t just have an impact on the equity markets but also on the real economy,” said Nick Clay, the lead manager of the BNY Mellon Global Equity Higher Income Fund, according to MarketWatch. RDI Initiates Coverage on: Nike, Inc.
https://rdinvesting.com/news/?ticker=NKE Coca-Cola Company
https://rdinvesting.com/news/?ticker=KO Nike’s stock edged 0.17% lower Tuesday, to close the day at $65.87. The stock recorded a trading volume of 9,538,388 shares, which was above its three months average volume of 9,030,029 shares. In the last year, Nike’s shares have traded in a range of 50.35 – 68.83. The share price has gained 30.82% 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 $65.19 is greater than its 200-day moving average of $58.45. Shares of Nike are trading at a Price to Earnings ratio of 28.50. Shares of Nike have gained roughly 1.86 percent in the past month and are up 5.31 percent year-to-date. Access RDI’s Nike, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=NKE On Tuesday, shares of Coca-Cola recorded a trading volume of 13,163,196 shares, which was above the three months average volume of 12,466,795 shares. The stock ended the day 0.50% higher at 44.19. The stock is currently trading 9.11% below its 52 week high with a 52 week trading range of 40.22 – 48.62. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $46.20 is greater than its 200-day moving average of $45.96. Shares of Coca-Cola are trading at a Price to Earnings ratio of 42.57. Shares of Coca-Cola have fallen roughly 4.25 percent in the past month and are down 3.68 percent year-to-date.
Access RDI’s Coca-Cola Company Research Report at: