Today’s Research Reports on Trending Tickers: NXP Semiconductors and QUALCOMM
Wall Street closed up on Thursday as tech shares rallied and trade tensions eased on the hopes of a fresh round of trade talks that could potentially take place later this month. The Dow Jones Industrial Average climbed 0.57 percent to close at 26,145.99, while the S&P 500 Index jumped 0.53 percent to close at 2,904.18. The Nasdaq Composite Index gained 0.75 percent to close at 8,013.71.
“Markets today are moving primarily on China trade [and] tariff news,” according to Mark Esposito, chief executive of Esposito Securities in Dallas. “U.S. officials reaching out to China saying they would be amenable to additional trade talks later this month—that’s all it took to get and keep the Dow up triple digits,” Esposito added.
RDI Initiates Coverage on:
NXP Semiconductors N.V.
NXP Semiconductors’ stock jumped 3.5% Thursday, to close the day at $91.91. The stock recorded a trading volume of 9,600,476 shares, which was above its three months average volume of 8,209,203 shares. In the last year, NXP Semiconductors’ shares have traded in a range of 84.59 – 125.93. The share price has gained 8.65% 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 $93.27 is below its 200-day moving average of $107.60. Shares of the company are trading at a Price to Earnings ratio of 32.77. Shares of NXP Semiconductors have fallen roughly 1.34 percent in the past month and are down 21.5 percent year-to-date.
Access RDI’s NXP Semiconductors N.V. Research Report at:
On Thursday, shares of QUALCOMM Incorporated recorded a trading volume of 21,415,531 shares, which was above the three months average volume of 10,859,357 shares. The stock ended the day 3.99% higher at $74.61. The share price has fallen 1% from its 52 week high with a 52 week trading range of 48.56 – 75.36. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $66.72 is above its 200-day moving average of $59.60. Shares of QUALCOMM Incorporated have gained roughly 15.07 percent in the past month and are up 16.54 percent year-to-date.
Access RDI’s QUALCOMM Inc. Research Report at:
Our Actionable Research on NXP Semiconductors N.V. (NASDAQ:NXPI) and QUALCOMM Inc. (NASDAQ:QCOM) can be downloaded free of charge at Research Driven Investing.
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