Today’s Research Reports on Trending Tickers: Mellanox Technologies and Stamps.com

NEW YORK, NY / ACCESSWIRE / February 23, 2018 / U.S. equities recovered on Thursday with the Dow Jones and S&P 500 closing in the green. The Federal Reserve released minutes from their Wednesday meeting that suggested a higher possibility of an interest rate hike. The Dow Jones Industrial Average settled to close at 24,962.48, up by 0.66 percent, while the S&P 500 Index gained 0.10 percent to close at 2,703.96. The Nasdaq Composite Index fell 0.11 percent to close at 7,210.09.

“We’re seeing a repricing of risk, given the anticipation of inflation and higher rates, but some of that is a byproduct of an improving economy, one that’s growing faster than normal. In general, the broader economic conditions continue to improve,” said Steven Baffico, chief executive officer at Four Wood Capital Partners.

RDI Initiates Coverage on:

Mellanox Technologies, Ltd.
https://rdinvesting.com/news/?ticker=MLNX

Stamps.com Inc.
https://rdinvesting.com/news/?ticker=STMP

Mellanox Technologies’ stock jumped 11.28% Thursday, to close the day at $70.05 as the company released an update to its 2018 first quarter outlook. The stock recorded a trading volume of 1,458,615 shares, which was above its three months average volume of 581,644 shares. In the last year, Mellanox Technologies’ shares have traded in a range of 41.55 – 70.12. The share price has gained 68.59% 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 $64.08 is greater than its 200-day moving average of $53.69. Shares of Mellanox Technologies have gained roughly 4.71 percent in the past month and are up 8.27 percent year-to-date.

Access RDI’s Mellanox Technologies, Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=MLNX

On Thursday, shares of Stamps.com recorded a trading volume of 1,430,499 shares, which was above the three months average volume of 362,162 shares. The stock ended the day 11.00% higher at 205.30 on upbeat results. The Company reported adjusted EPS of $4.68 a share in its 4th quarter earnings, way ahead of the EPS of $2.78 estimated by the analysts. The share price has gained 104.18% from its 52-week low with a 52-week trading range of 100.55 – 233.13. The company’s shares are currently trading above their 200-day moving average. The stock’s 50-day moving average of $194.07 is below its 200-day moving average of $195.96. Shares of the company are trading at a trailing Price to Earnings ratio of 26.82. Shares of Stamps.com have gained roughly 3.71 percent in the past month and are up 9.2 percent year-to-date.

Access RDI’s Stamps.com Inc. Research Report at:
https://rdinvesting.com/news/?ticker=STMP

Our Actionable Research on Mellanox Technologies, Ltd. (NASDAQ:MLNX) and Stamps.com Inc. (NASDAQ:STMP) 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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