NEW YORK, NY / ACCESSWIRE / January 10, 2018 / U.S. markets continued to climb to new record highs as we enter into earnings season. Major financial companies, BlackRock, J.P. Morgan Chase and Wells Fargo, are set to report quarterly earnings this week. Profits of the S&P 500 are forecasted to increase by 11.8 percent in the fourth quarter, up from an 8 percent rise a year ago, according to Thomson Reuters I/B/E/S.

The S&P 500 Index gained 0.13 percent to close at 2,751.29, while the Nasdaq Composite Index rose 0.09 percent to close at 7,163.58. This marked the 6th consecutive close for both the Nasdaq and S&P 500 in 2018, the longest streak to begin a year since 1987. The Dow Jones Industrial Average increased 0.41 percent to close at 25,385.80.

RDI Initiates Coverage on:

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

Micron Technology, Inc.
https://rdinvesting.com/news/?ticker=MU

Advanced Micro Devices stock moved 3.75% lower Tuesday, to close the day at $11.82. The stock recorded a trading volume of 62,560,940 shares, which was above its three months average volume of 54,009,976 shares. In the last year, Advanced Micro Devices shares have traded in a range of 9.42 - 15.65. The share price has gained 25.48% 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 $10.79 is below its 200-day moving average of $12.39. Shares of Advanced Micro Devices have gained roughly 7.65 percent in the past month and are up 14.98 percent year-to-date.

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

On Tuesday, shares of Micron Technology, Inc. recorded a trading volume of 62,982,860 shares, which was above the three months average volume of 39,194,365 shares. The stock ended the day 5.66% lower at 42.97. The share price has gained 99.95% from its 52 week low with a 52 week trading range of 21.49 - 49.89. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $44.16 is greater than its 200-day moving average of $37.39. Shares of Micron Technology, Inc. are trading at a Price to Earnings ratio of 6.72. Shares of Micron Technology have fallen roughly 0.56 percent in the past month and are up 4.5 percent year-to-date.

Access RDI's Micron Technology, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MU

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

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