NEW YORK, NY / ACCESSWIRE / May 8, 2018 / A strong performance by the energy sector lifted U.S. markets higher for the second consecutive session Monday as oil prices topped $70 a barrel. Investor attention will now shift to President Trump's decision on the Iran nuclear accord on Tuesday at 2:00 p.m. The Dow Jones Industrial Average gained 0.39 percent to close at 24,357.32, while the S&P 500 Index rose 0.35 percent to close at 2,672.63. The Nasdaq Composite Index jumped 0.77 percent to close at 7,265.21.

"We're waiting on more clarity about the Iran deal. If Trump pulls out, which other leaders have urged him not to do, then supply will be cut, which will have the same impact as rising demand in terms of driving up prices. But even beyond that, we're entering the summer driving season and the energy sector has been down for so long that it looks poised for a rebound," said Mark Martiak, senior wealth strategist at Premier Wealth/First Allied.

RDI Initiates Coverage on:

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

NVIDIA Corporation
https://rdinvesting.com/news/?ticker=NVDA

Advanced Micro's stock moved 2.75% higher Monday, to close the day at $11.59. The stock recorded a trading volume of 54,001,692 shares, which was below its three months average volume of 58,233,308 shares. In the last year, Advanced Micro's shares have traded in a range of 9.04 - 15.65. The share price has gained 28.21% 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 $10.38 is below its 200-day moving average of $11.29. Shares of the company are trading at a Price to Earnings ratio of 289.75. Shares of Advanced Micro have gained roughly 20.6 percent in the past month and are up 12.74 percent year-to-date.

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

On Monday, shares of NVIDIA recorded a trading volume of 16,722,777 shares, which was above the three months average volume of 15,535,845 shares. The stock ended the day 4.02% higher at $248.68. The share price has fallen 2.29% from its 52 week high with a 52 week trading range of 102.66 - 254.50. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $230.18 is above its 200-day moving average of $221.52. Shares of the company are trading at a Price to Earnings ratio of 51.59. Shares of NVIDIA have gained roughly 16.07 percent in the past month and are up 28.52 percent year-to-date.

Access RDI's NVIDIA Corporation Research Report at:
https://rdinvesting.com/news/?ticker=NVDA

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

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