Today’s Research Reports on Trending Tickers: Advanced Micro Devices and Micron Technology
U.S. markets fell Wednesday after the Federal Reserve raised interest rates and hinted at more increases were coming in 2018. The Dow Jones Industrial Average dropped 0.47 percent to close at 25,201.20, while the S&P 500 Index fell 0.40 percent to close at 2,775.63. The Nasdaq Composite Index declined 0.11 percent to close at 7,695.70. On Wednesday, the Federal Reserve raised its benchmark short-term interest rate by 0.25 percent.
"I think the market is quite rightly globing on to the view that this is a more hawkish tone," said Eric Lascelles, chief economist at RBC Global Asset Management, according to CNBC. "On the economic side, notwithstanding a middling start to the year, second-quarter economic growth is tracking for 4 percent. While that’s probably not sustainable … all of the economic checkpoints are reading quite strong."
RDI Initiates Coverage on:
Advanced Micro Devices, Inc.
Micron Technology, Inc.
Advanced Micro Devices’ stock moved 2.97% higher Wednesday, to close the day at $16.32. The stock recorded a trading volume of 82,471,422 shares, which was above its three months average volume of 57,897,725 shares. In the last year, Advanced Micro Devices’ shares have traded in a range of 9.04 – 16.52. The share price has gained 80.53% 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 $12.80 is above its 200-day moving average of $11.63. Shares of the company are trading at a Price to Earnings ratio of 408.00. Shares of Advanced Micro Devices have gained roughly 36.57 percent in the past month and are up 58.75 percent year-to-date.
Access RDI’s Advanced Micro Devices, Inc. Research Report at:
On Wednesday, shares of Micron Technology recorded a trading volume of 31,230,683 shares, which was below the three months average volume of 56,395,384 shares. The stock ended the day 0.83% lower at $60.05. The share price has fallen 7.13% from its 52 week high with a 52 week trading range of 26.85 – 64.66. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $54.55 is above its 200-day moving average of $49.11. Shares of the company are trading at a Price to Earnings ratio of 7.25. Shares of Micron Technology have gained roughly 15.88 percent in the past month and are up 46.04 percent year-to-date.
Access RDI’s Micron Technology, Inc. Research Report at:
Our Actionable Research on Advanced Micro Devices, Inc. (NASDAQ:AMD) and Micron Technology, Inc. (NASDAQ:MU) can be downloaded free of charge at Research Driven Investing.
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