Today’s Research Reports on Trending Tickers: Xerox Corporation and Microsoft Corporation
U.S. market slumped Tuesday as technology stocks fell amid concerns of growing trade tensions between the U.S. and China. The Dow Jones Industrial Average declined 0.68 percent to close at 25,007.03, while the S&P 500 Index dipped 0.64 percent to close at 2,765.31. The tech-heavy Nasdaq Composite Index dropped 1.02 percent to close at 7,511.01. Semiconductor stocks were some of the worst performers as The VanEck Vectors Semiconductor ETF fell 1.4 percent.
"The worry is with the Tillerson ouster and Broadcom blockage from the Trump administration that this will add fuel to the fire in a battle versus China on the horizon over the coming 12 to 18 months," said Dan Ives, head of technology research at GBH Insights, in a note, according to CNBC.
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Xerox Corporation’s stock moved 5.56% higher Tuesday, to close the day at $31.34. The stock recorded a trading volume of 4,950,747 shares, which was above its three months average volume of 2,605,775 shares. In the last year, Xerox Corporation’s shares have traded in a range of 26.64 – 37.42. The stock is currently trading 17.64% below its 52 week high. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $30.97 is below its 200-day moving average of $30.99. Shares of Xerox Corporation have gained roughly 7.44 percent in the past month and are up 7.51 percent year-to-date.
Access RDI’s Xerox Corporation Research Report at:
On Tuesday, shares of Microsoft recorded a trading volume of 35,387,817 shares, which was above the three months average volume of 29,914,875 shares. The stock ended the day 2.44% lower at 94.41. The share price has gained 47.24% from its 52 week low with a 52 week trading range of 64.12 – 97.24. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $92.48 is greater than its 200-day moving average of $84.01. Shares of the company are trading at a Price to Earnings ratio of 76.76. Shares of Microsoft Corporation have gained roughly 5.1 percent in the past month and are up 10.37 percent year-to-date.
Access RDI’s Microsoft Corporation Research Report at:
Our Actionable Research on Xerox Corporation (NYSE:XRX) and Microsoft Corporation (NASDAQ:MSFT) can be downloaded free of charge at Research Driven Investing.
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