Today’s Research Reports on Trending Tickers: General Electric and Baker Hughes

NEW YORK, NY / ACCESSWIRE / June 27, 2018 / U.S. markets rebounded on Tuesday after experiencing steep losses the past week due to growing trade tensions. The Dow Jones Industrial Average increased 0.12 percent to close at 24,283.11, while the S&P 500 Index gained 0.22 percent to close at 2,723.06. The Nasdaq Composite Index jumped 0.39 percent to close at 7,561.63.

“The market is trading more on sentiment than fundamentals lately, which means moves are likely to be fickle and short lived,” said Liz Young, senior investment strategist at BNY Mellon Investment Management, according to MarketWatch.

“We feel that while momentum around trade is escalating, we’re still in a place where it’s in every nation’s best interest to avoid that outcome, and that things could calm down as negotiations progress,” she said. “In the meantime, the economy is still strong, data is moving in the right direction, and we don’t see this as the issue that will turn things around.”

RDI Initiates Coverage on:

General Electric Company
https://rdinvesting.com/news/?ticker=GE

Baker Hughes, a GE company
https://rdinvesting.com/news/?ticker=BHGE

General Electric’s stock jumped 7.76% Tuesday, to close the day at $13.74. The stock recorded a trading volume of 213,833,225 shares, which was above its three months average volume of 67,943,417 shares. In the last year, General Electric’s shares have traded in a range of 12.61 – 27.59. The share price has gained 8.96% 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 $14.07 is below its 200-day moving average of $15.02. Shares of General Electric have fallen roughly 6.07 percent in the past month and are down 21.26 percent year-to-date.

Access RDI’s General Electric Company Research Report at:
https://rdinvesting.com/news/?ticker=GE

On Tuesday, shares of Baker Hughes recorded a trading volume of 3,369,300 shares, which was below the three months average volume of 4,352,870 shares. The stock ended the day 2.16% higher at $33.14. The share price has fallen 42.59% from its 52 week high with a 52 week trading range of 25.53 – 57.73. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $34.73 is above its 200-day moving average of $32.18. Shares of Baker Hughes have fallen roughly 4.52 percent in the past month and are up 4.71 percent year-to-date.

Access RDI’s Baker Hughes, a GE company Research Report at:
https://rdinvesting.com/news/?ticker=BHGE

Our Actionable Research on General Electric Company (NYSE:GE) and Baker Hughes, a GE company (NYSE:BHGE) 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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SOURCE: RDInvesting.com

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