Today’s Research Reports on Trending Tickers: RH and JD.com
U.S. equities remained bearish on Thursday as worries over rising interest rate and sell-off in technology shares pressure major markets to lower. The Dow Jones Industrial Average declined 2.13 percent to close at 25,052.83, losing 1,378 points in 2 days. S&P 500 Index decreased 2.06 percent to close at 2,728.37 and the Nasdaq Composite Index closed down 1.25 percent to close at 7,329.06. All major indexes finished below their 200-day moving average.
The market losses are “a reaction from investors finally realizing we are in a higher interest-rate environment, and given the elevated level of stocks, market participants were likely looking for a reason to sell,” said Charlie Ripley, senior investment strategist for Allianz Investment Management. “Higher interest rates typically bring on tighter financial conditions which could dampen growth going forward and equity markets are reacting to that.” He added, “we are witnessing the repercussions in the markets as the Fed takes the punch bowl away from the party.”
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RH’s stock jumped 10.09% Thursday, to close the day at $118.62. The stock recorded a trading volume of 2,273,973 shares, which was above its three months average volume of 1,085,916 shares. In the last year, RH’s shares have traded in a range of 74.50 – 164.49. The share price has gained 59.22% 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 $134.90 is above its 200-day moving average of $122.57. Shares of the company are trading at a Price to Earnings ratio of 27.76. Shares of RH have fallen roughly 4.43 percent in the past month and are up 37.59 percent year-to-date.
Access RDI’s RH Research Report at:
On Thursday, shares of JD.com recorded a trading volume of 24,274,842 shares, which was above the three months average volume of 18,619,590 shares. The stock ended the day 3.39% higher at $23.48. The share price has fallen 53.67% from its 52 week high with a 52 week trading range of 22.50 – 50.68. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $27.19 is below its 200-day moving average of $35.17. Shares of JD.com. have fallen roughly 13.33 percent in the past month and are down 43.31 percent year-to-date.
Access RDI’s JD.com, Inc. Research Report at:
Our Actionable Research on RH (NYSE:RH) and JD.com, Inc. (NASDAQ:JD) can be downloaded free of charge at Research Driven Investing.
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