Today’s Research Reports on Trending Tickers: Alibaba and Kroger

NEW YORK, NY / ACCESSWIRE / January 26, 2018 / Strong earnings from major companies such as 3M and Boeing helped lift the Dow and S&P 500 to new record highs on Thursday. The Dow Jones Industrial Average jumped 0.54 percent to close at 26,392.79, while the S&P 500 Index rose 0.06 percent to close at 2,839.25. The Nasdaq Composite Index hit a high of 7,458.53 in early trading before settling to close at 7,411.16, down 0.05 percent.

“The numbers companies are releasing, along with the upbeat views from executives, is helping analysts lift their estimates and that’s helping stocks advance,” said Mark Luschini, chief investment strategist at Janney, according to CNBC. “You [also] have strong U.S. and overseas economic growth, and that is supportive for stocks.”

RDI Initiates Coverage on:

Alibaba Group Holding Ltd.
https://rdinvesting.com/news/?ticker=BABA

Kroger Co.
https://rdinvesting.com/news/?ticker=KR

Alibaba’s stock moved 1.43% higher Thursday, to close the day at $198.33. The stock recorded a trading volume of 23,421,605 shares, which was above its three months average volume of 20,241,072 shares. In the last year, Alibaba’s shares have traded in a range of 100.02 – 199.59. The share price has gained 98.29% 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 $180.53 is greater than its 200-day moving average of $173.40. Shares of Alibaba are trading at a trailing Price to Earnings ratio of 54.10. Shares of Alibaba have gained roughly 12.5 percent in the past month and are up 15.02 percent year-to-date.

Access RDI’s Alibaba Group Holding Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=BABA

On Thursday, shares of Kroger recorded a trading volume of 16,529,239 shares, which was above the three months average volume of 11,351,703 shares. The stock ended the day 2.65% higher at 30.26. The share price has gained 53.68% from its 52 week low with a 52 week trading range of 19.69 – 34.75. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $27.69 is greater than its 200-day moving average of $23.54. Shares of the company are trading at a trailing Price to Earnings ratio of 17.96. Shares of Kroger have gained roughly 7.12 percent in the past month and are up 10.24 percent year-to-date.

Access RDI’s Kroger Co. Research Report at:
https://rdinvesting.com/news/?ticker=KR

Our Actionable Research on Alibaba Group Holding Ltd. (NYSE:BABA) and Kroger Co. (NYSE:KR) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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