Today’s Research Reports on Trending Tickers: Vipshop Holdings and MercadoLibre
U.S. markets closed up on Wednesday, as investors appear to shrug off fears of increasing interest rate and bond yields. The Dow Jones Industrial Average gained 0.25 percent to close at 24,768.93, while the S&P 500 Index increased 0.41 percent to close at 2,722.46. The Nasdaq Composite Index climbed 0.63 percent to close at 7,398.30.
“For the 10-year, 3% isn’t a magical number that will pull investors out of stocks. With inflation and interest rates being where they are, we think stock valuations are about right. Equities certainly aren’t cheap, but valuations aren’t a big concern right now,” said Anthony Saglimbene, global market strategist at Ameriprise.
RDI Initiates Coverage on:
Vipshop Holdings Limited
Vipshop Holdings’ stock jumped 4.8% Wednesday, to close the day at $12.66. The stock recorded a trading volume of 34,082,294 shares, which was above its three months average volume of 9,747,906 shares. In the last year, Vipshop Holdings’ shares have traded in a range of 7.79 – 19.14. The share price has gained 62.52% from its 52 week low. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $15.67 is above its 200-day moving average of $13.98. Shares of the company are trading at a Price to Earnings ratio of 25.07. Shares of Vipshop Holdings have fallen roughly 19.16 percent in the past month and are up 8.02 percent year-to-date.
Access RDI’s Vipshop Holdings Limited Research Report at:
On Wednesday, shares of MercadoLibre recorded a trading volume of 1,365,503 shares, which was above the three months average volume of 770,791 shares. The stock ended the day 4.95% higher at $305.13. The share price has fallen 26.99% from its 52 week high with a 52 week trading range of 217.06 – 417.91. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $332.74 is above its 200-day moving average of $330.89. Shares of the company are trading at a Price to Earnings ratio of 984.29. Shares of MercadoLibre have fallen roughly 5.47 percent in the past month and are down 3.03 percent year-to-date.
Access RDI’s MercadoLibre, Inc. Research Report at:
Our Actionable Research on Vipshop Holdings Limited (NYSE:VIPS) and MercadoLibre, Inc. (NASDAQ:MELI) can be downloaded free of charge at Research Driven Investing.
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