Today’s Research Reports on Trending Tickers: Red Hat and Microsoft
Major U.S. markets closed down on Thursday, with the Dow Jones posting its 8th consecutive daily decline, as investors’ attention remained fixed on trade tension between the U.S. and its key trading partners. The S&P 500 Index shed 0.63 percent to close at 2,749.76, while the Nasdaq Composite dropped 0.88 percent to close at 7,712.95. The Dow Jones Industrial Average declined 0.80 percent to close at 24,461.70.
According to Jeff Donlon, managing director of the global strategies group at Manning & Napier, “We think the trade issue is going to continue to escalate, and that it could last for several quarters, if not years. Growth expectations should be reset currently, and the longer this drags on, the more risk will grow and the more the issue should be factored into expectations.”
RDI Initiates Coverage on:
Red Hat, Inc.
Red Hat’s stock moved 2.06% lower Thursday, to close the day at $165.73. The stock recorded a trading volume of 3,935,637 shares, which was above its three months average volume of 1,793,364 shares. In the last year, Red Hat’s shares have traded in a range of 94.47 – 177.70. The share price has gained 75.43% 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 $167.86 is above its 200-day moving average of $147.06. Shares of the company are trading at a Price to Earnings ratio of 118.38. Shares of Red Hat have gained roughly 1.68 percent in the past month and are up 37.99 percent year-to-date.
Access RDI’s Red Hat, Inc. Research Report at:
On Thursday, shares of Microsoft recorded a trading volume of 18,898,632 shares, which was below the three months average volume of 29,401,382 shares. The stock ended the day 0.72% lower at $101.14. The share price has fallen 1.51% from its 52 week high with a 52 week trading range of 68.02 – 102.69. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $98.76 is above its 200-day moving average of $92.69. Shares of the company are trading at a Price to Earnings ratio of 68.38. Shares of Microsoft have gained roughly 3.63 percent in the past month and are up 18.24 percent year-to-date.
Access RDI’s Microsoft Corporation Research Report at:
Our Actionable Research on Red Hat, Inc. (NYSE:RHT) and Microsoft Corporation (NASDAQ:MSFT) can be downloaded free of charge at Research Driven Investing.
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