Today’s Research Reports on Trending Tickers: Ares Management and Citigroup

NEW YORK, NY / ACCESSWIRE / March 23, 2018 / U.S. markets slumped Thursday as concerns over a potential trade war with China continue to grow. The Dow Jones Industrial Average dropped 2.93 percent to close at 23,957.89, while the S&P 500 Index fell 2.52 percent to close at 2,643.69. The Nasdaq Composite Index declined 2.43 percent to close at 7,166.68. On Thursday, the Trump administration unveiled tariffs totaling up to $60 billion on Chinese products.

“Trump’s protectionism is making investors nervous,” Dario Perkins, managing director of global macro at TS Lombard, said in a note Thursday, according to CNBC. “Past experience suggests these policies are flawed, while even moderate trade barriers could disrupt today’s complex global supply chains.”

RDI Initiates Coverage on:

Ares Management L.P.
https://rdinvesting.com/news/?ticker=ARES

Citigroup, Inc.
https://rdinvesting.com/news/?ticker=C

Ares Management’s stock moved 3.56% higher Thursday, to close the day at $21.80. The stock recorded a trading volume of 1,596,068 shares, which was above its three months average volume of 374,528 shares. In the last year, Ares Management’s shares have traded in a range of 17.25 – 25.95. The share price has gained 26.38% 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 $22.88 is greater than its 200-day moving average of $20.32. Shares of the company are trading at a Price to Earnings ratio of 35.16. Shares of Ares Management have fallen roughly 9.54 percent in the past month and are up 9 percent year-to-date.

Access RDI’s Ares Management L.P. Research Report at:
https://rdinvesting.com/news/?ticker=ARES

On Thursday, shares of Citigroup recorded a trading volume of 27,652,345 shares, which was above the three months average volume of 16,408,856 shares. The stock ended the day 4.11% lower at 70.31. The share price has gained 24.33% from its 52-week low with a 52-week trading range of 56.55 – 80.70. The company’s shares are currently trading below their 200-day moving average. The stock’s 50-day moving average of $75.15 is greater than its 200-day moving average of $74.15. Shares of Citigroup have fallen roughly 7.81 percent in the past month and are down 5.51 percent year-to-date.

Access RDI’s Citigroup, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=C

Our Actionable Research on Ares Management L.P. represent (NYSE:ARES) and Citigroup, Inc. (NYSE:C) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

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.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com

ReleaseID: 494018