Error Saving Reaction
NEW YORK, NY / ACCESSWIRE / September 11, 2017 / U.S. markets, the dollar, and bond yields posted weekly losses on the combination of weather concerns and rising geopolitical tensions between the U.S. and North Korea. The Dow Jones Industrial Average gained 0.06 percent to close at 21,797.79, down 189.77 for the week, while the S&P 500 Index fell 0.15 percent to close at 2,461.43, down 0.61 percent for the week.
"Today is sort of a hunker-down sort of day," said Kate Warne, investment strategist at Edward Jones. "After insurance stocks dropped sharply earlier in the week, investors are seeing them as an opportunity and hoping Irma isn't as bad as feared." "We'll see stocks hover around flatline," Warn added.
RDI Initiates Coverage on:
Cleveland-Cliffs Inc.'s (NYSE: CLF) stock moved 6.46% lower Friday, to close the day at $7.96. The stock recorded a trading volume of 13,331,931 shares, which was above its three months average volume of 11,550,800 shares. In the last year, Cleveland-Cliffs Inc.'s shares have traded in a range of 4.91 - 12.37. The share price has gained 62.12% from its 52-week low. The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $7.67 is greater than its 200-day moving average of $7.52. Shares of Cleveland-Cliffs Inc. are trading at a Price to Earnings ratio of 36.51. Shares of Cleveland-Cliffs have fallen approximately 5.35 percent year-to-date.
Access RDI's Cleveland-Cliffs Inc. Research Report at: https://rdinvesting.com/news/?ticker=CLF
On Friday, shares in Freeport-McMoRan Inc. (NYSE: FCX) recorded a trading volume of 27,484,048 shares, which was above the three months average volume of 19,277,400 shares. The stock ended the day 6.38% lower at 14.24. The share price has gained 54.11% from its 52-week low with a 52-week trading range of 9.24 - 17.06.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $14.59 is greater than its 200-day moving average of $12.96. Shares of the company are trading at a Price to Earnings ratio of 20.08. Shares of Freeport-McMoRan have gained approximately 7.96 percent year-to-date.
Access RDI's Freeport-McMoRan Inc. Research Report at: https://rdinvesting.com/news/?ticker=FCX
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.
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.
For any questions, inquiries, or comments reach out to us directly at:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.