NEW YORK, NY / ACCESSWIRE / July 17, 2017 / U.S. markets continued to hit record highs Friday as the potential for a rate hike by the Federal Reserve dimmed on weak economic data. The Dow Jones Industrial Average increased 0.39 percent to close at 21,637.74, its third consecutive record close, while the S&P 500 Index rose 0.47 percent to close at a record 2,459.27. Financials were the only sector in the S&P 500 to decline on Friday. Analysts' predict earnings for the S&P 500 Index to increase of 8.1 percent year-over-year, according to Thomson Reuters.

"I think this morning's economic data once again plays into the narrative that the Fed will be more dovish," said Ian Winer, head of the equities division at Wedbush Securities, in an interview, according to MarketWatch. "It further fuels the sentiment that there's no alternative for stocks."

RDI Initiates Coverage on:

3D Systems Corporation
https://ub.rdinvesting.com/news/?ticker=DDD

Stratasys Ltd.
https://ub.rdinvesting.com/news/?ticker=SSYS

3D Systems Corporation's stock moved 3.00% higher Friday, to close the day at $18.55. The stock recorded a trading volume of 3,861,649 shares, which was above its three months average volume of 2,851,940 shares. In the last year 3D Systems Corporation's shares have traded in a range of 11.98 - 23.70. The share price has gained 54.84% 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 $21.38 is greater than its 200-day moving average of $17.03. Shares of 3D Systems Corporation have gained approximately 39.58 percent year-to-date.

Access RDI's 3D Systems Corporation Research Report at:
https://ub.rdinvesting.com/news/?ticker=DDD

On Friday, shares in Stratasys Ltd. recorded a trading volume of 582,389 shares, which was below the three months average volume of 956,591 shares. The stock ended the day 1.48% higher at 24.00. The share price has gained 46.57% from its 52 week low with a 52 week trading range of 16.37 - 30.88.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $27.39 is greater than its 200-day moving average of $22.32. Shares of Stratasys Ltd. have gained approximately 45.10 percent year-to-date.

Access RDI's Stratasys Ltd. Research Report at:
https://ub.rdinvesting.com/news/?ticker=SSYS

Our Actionable Research on 3D Systems Corporation (NYSE: DDD) and Stratasys Ltd. (NASDAQ: SSYS) can be downloaded free of charge at Research Driven Investing.

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.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer or a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com