Today’s Research Reports on Trending Tickers: Micron Technology and Advanced Micro Devices

NEW YORK, NY / ACCESSWIRE / July 30, 2018 / U.S. markets plunged on Friday, after Twitter reported disappointing second quarter earnings and gross domestic product reflected fairly strong economic growth, however was lower than expected. The Dow Jones Industrial Average fell 0.30 percent to close at 25,451.06, while the S&P 500 Index was down 0.66 percent to close at 2,818.82. The Nasdaq Composite Index dropped 1.46 percent to close at 7,737.42.

“A strong GDP number—and 4.1% is still a good number, even if it was a bit below consensus—will signal that the Fed can continue with its plan for rate increases. That will be top of mind for investors today,” said director of investment management for Huntington Private Bank, Chad Oviatt.

“We remain fairly constructive about equities. Generally speaking there’s a lot of confidence about earnings growth, and the number of firms that are meeting or beating expectations, even in light of names like Facebook,” he added.

RDI Initiates Coverage on:

Micron Technology, Inc.
https://rdinvesting.com/news/?ticker=MU

Advanced Micro Devices, Inc.
https://rdinvesting.com/news/?ticker=AMD

Micron Technology’s stock moved 0.37% higher Friday, to close the day at $53.96. The stock recorded a trading volume of 29,171,949 shares, which was below its three months average volume of 46,375,946 shares. In the last year, Micron Technology’s shares have traded in a range of 26.85 – 64.66. The share price has gained 100.97% 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 $55.78 is above its 200-day moving average of $51.81. Shares of the company are trading at a Price to Earnings ratio of 5.41. Shares of Micron Technology have gained roughly 2.9 percent in the past month and are up 31.23 percent year-to-date.

Access RDI’s Micron Technology, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MU

On Friday, shares of Advanced Micro Devices recorded a trading volume of 160,705,615 shares, which was above the three months average volume of 61,575,692 shares. The stock ended the day 3.22% higher at $18.94. The share price has fallen 4.73% from its 52 week high with a 52 week trading range of 9.04 – 19.88. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $16.24 is above its 200-day moving average of $12.90. Shares of the company are trading at a Price to Earnings ratio of 124.61. Shares of Advanced Micro Devices have gained roughly 26.35 percent in the past month and are up 84.24 percent year-to-date.

Access RDI’s Advanced Micro Devices, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=AMD

Our Actionable Research on Micron Technology, Inc. (NASDAQ :MU) and Advanced Micro Devices, Inc. (NASDAQ :AMD) 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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