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

NEW YORK, NY / ACCESSWIRE / January 31, 2018 / U.S. markets fell sharply Tuesday for the second consecutive day. Both the Dow Jones and S&P 500 experienced their largest one day drop of 2018. The Dow Jones Industrial Average dropped 1.37 percent to close at 26,076.89, while the S&P 500 Index fell 1.09 percent to close at 2,822.43. The Nasdaq Composite Index declined 0.86 percent to close at 7,402.48. Investors appear to be awaiting details from the State of the Union address by President Donald Trump on Tuesday night.

“We’ve had a unilateral move higher [in stocks] to start things off and people are realizing this is not sustainable,” said Art Hogan, chief market strategist at B. Riley FBR. “You’re also seeing some cracks in the global story with interest rates rising.”

RDI Initiates Coverage on:

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

NVIDIA Corporation
https://rdinvesting.com/news/?ticker=NVDA

Advanced Micro Devices stock moved 3.38% lower Tuesday, to close the day at $12.87. The stock was down 7% in early trading, but saw a bounce back after reporting 4th quarter earnings that beat estimates. Adj. EPS of $0.08 was higher than the $0.05 expected by the street. Revenue was also higher at $1.48 billion compared to the expected $1.41 billion. The stock recorded a trading volume of 91,236,383 shares, which was above its three months average volume of 50,877,648 shares. In the last year, Advanced Micro Devices shares have traded in a range of 9.70 – 15.65. The share price has gained 32.68% 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 $11.50 is below its 200-day moving average of $12.29. Shares of Advanced Micro Devices have gained roughly 25.19 percent in the past month.

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

On Tuesday, shares of NVIDIA recorded a trading volume of 14,262,028 shares, which was above the three months average volume of 13,413,233 shares. The stock ended the day 1.67% lower at 242.72. The share price has gained 155.04% from its 52 week low with a 52 week trading range of 95.17 – 248.11. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $212.33 is greater than its 200-day moving average of $190.35. Shares of the company are trading at a trailing Price to Earnings ratio of 60.66. Shares of NVIDIA have gained roughly 25.44 percent in the past month.

Access RDI’s NVIDIA Corporation Research Report at:
https://rdinvesting.com/news/?ticker=NVDA

Our Actionable Research on Advanced Micro Devices, Inc. (NASDAQ:AMD) and NVIDIA Corporation (NASDAQ:NVDA) can be downloaded free of charge at Research Driven Investing.

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