Today’s Research Reports on Trending Tickers: Universal Display and Microchip Technology
U.S. markets finished mostly lower on Thursday, as broader market was dragged lower by weak performance from the industrial and energy sector matched with ongoing trade tension between U.S. and China. The Dow Jones Industrial Average decreased 0.29 percent to close at 25,509.23, while the S&P 500 Index fell 0.14 percent to close at 2,853.58. The Nasdaq Composite Index climbed 0.04 percent to close at 7,891.78, posting its 8th consecutive daily gain.
“Things are looking good in the U.S. in terms of earnings and data, but things aren’t as rosy if you look to China, emerging markets or Europe. Weakness in those regions could eventually become a headwind for the U.S.,” said Suzanne Hutchins, senior portfolio manager of Dreyfus Global Real Return Fund. “The U.S. market seems to be shrugging off any sort of risk right now, since the S&P 500 is near a record and volatility is low. We think that’s wrong, as trade would become quite challenging for the global economy,” she added.
RDI Initiates Coverage on:
Universal Display Corporation
Microchip Technology Incorporated
Universal Display Corporation’s stock moved 0.83% lower Thursday, to close the day at $101.15. The stock recorded a trading volume of 1,258,887 shares, which was above its three months average volume of 1,125,525 shares. In the last year, Universal Display’s shares have traded in a range of 78.75 – 209.00. The share price has gained 28.44% 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 $93.20 is below its 200-day moving average of $110.51. Shares of the company are trading at a Price to Earnings ratio of 48.42. Shares of Universal Display have gained roughly 10.01 percent in the past month and are down 41.41 percent year-to-date.
Access RDI’s Universal Display Corporation Research Report at:
On Thursday, shares of Microchip Technology recorded a trading volume of 2,759,461 shares, which was above the three months average volume of 1,985,715 shares. The stock ended the day 0.33% higher at $98.08. The share price has fallen 5.87% from its 52 week high with a 52 week trading range of 78.33 – 104.20. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $94.15 is above its 200-day moving average of $92.66. Shares of the company are trading at a Price to Earnings ratio of 95.22. Shares of Microchip Technology have gained roughly 5.03 percent in the past month and are up 11.61 percent year-to-date.
Access RDI’s Microchip Technology Incorporated Research Report at:
Our Actionable Research on Universal Display Corporation (NASDAQ:OLED) and Microchip Technology Incorporated (NASDAQ:MCHP) can be downloaded free of charge at Research Driven Investing.
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