Today’s Research Reports on Trending Tickers: NVIDIA and Marvell 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: NVIDIA Corporation
https://rdinvesting.com/news/?ticker=NVDA Marvell Technology Group Ltd.
https://rdinvesting.com/news/?ticker=MRVL NVIDIA’s stock moved 1.81% higher Monday, to close the day at $249.76. The stock recorded a trading volume of 15,126,541 shares, which was below its three months average volume of 15,129,416 shares. In the last year, NVIDIA’s shares have traded in a range of 95.49 – 253.00. The share price has gained 161.56% 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 $238.11 is above its 200-day moving average of $205.49. Shares of NVIDIA are trading at a Price to Earnings ratio of 51.82. Shares of NVIDIA have gained roughly 9.53 percent in the past month and are up 29.07 percent year-to-date. Access RDI’s Broadcom Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=NVDA On Monday, shares of Marvell Technology Group recorded a trading volume of 17,785,064 shares, which was above the three months average volume of 7,777,230 shares. The stock ended the day 0.12% higher at 24.37. The share price has gained 67.15% from its 52 week low with a 52 week trading range of 14.58 – 25.18. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $22.92 is greater than its 200-day moving average of $20.79. Shares of Marvell Technology Group are trading at a Price to Earnings ratio of 23.85. Shares of Marvell Technology have gained roughly 11.18 percent in the past month and are up 13.51 percent year-to-date. Access RDI’s Marvell Technology Group Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=MRVL Our Actionable Research on NVIDIA Corporation (NASDAQ:NVDA) and Marvell Technology Group Ltd. (NASDAQ:MRVL) 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.