NEW YORK, NY / ACCESSWIRE / May 2, 2018 / U.S. markets were mixed Tuesday as a strong performance by the tech sector was not enough to lift all three indexes higher. Dow Jones dropped for the 3rd consecutive session as investors appears to be cautious ahead of the Fed's meeting conclusion. The Dow Jones Industrial Average declined 0.27 percent to close at 24,099.05, while the S&P 500 increased 0.25 percent to close at 2,654.805 The Nasdaq Composite Index gained 0.91 percent to close at 7,130.70.

"The stock market has been generally moving sideways for weeks. Investors aren't taking advantage of the strong earnings because there's also a lot of potentially negative news out there, between tariffs, the prospect of the Fed acting more aggressively, and so forth," said Jon Maier, chief investment officer at Global X Funds.

RDI Initiates Coverage on:

Cirrus Logic, Inc.
https://rdinvesting.com/news/?ticker=CRUS

Skyworks Solutions, Inc.
https://rdinvesting.com/news/?ticker=SWKS

Cirrus Logic's stock jumped 3.89% Tuesday, to close the day at $37.89. The stock recorded a trading volume of 1,884,734 shares, which was above its three months average volume of 1,515,208 shares. In the last year, Cirrus Logic's shares have traded in a range of 34.78 - 71.97. The share price has gained 8.94% 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 $39.56 is below its 200-day moving average of $47.97. Shares of the company are trading at a Price to Earnings ratio of 13.66. Shares of Cirrus Logic have fallen roughly 6.74 percent in the past month and are down 26.94 percent year-to-date.

Access RDI's Cirrus Logic, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CRUS

On Tuesday, shares of Skyworks Solutions recorded a trading volume of 3,536,986 shares, which was above the three months average volume of 2,324,172 shares. The stock ended the day 4.77% higher at $90.90. The share price has fallen 22.74% from its 52 week high with a 52 week trading range of 86.13 - 117.65. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $98.93 is below its 200-day moving average of $102.56. Shares of the company are trading at a Price to Earnings ratio of 20.59. Shares of Skyworks Solutions have fallen roughly 9.34 percent in the past month and are down 4.27 percent year-to-date.

Access RDI's Skyworks Solutions, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=SWKS

Our Actionable Research on Cirrus Logic, Inc. (NASDAQ :CRUS) and Skyworks Solutions, Inc. (NASDAQ :SWKS) can be downloaded free of charge at Research Driven Investing.

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