NEW YORK, NY / ACCESSWIRE / October 24, 2017 / U.S. markets pulled back from record highs Monday as investors braced themselves for a busy week of earnings. The Dow Jones Industrial Average declined 0.23 percent to close at 23,273.96, while the S&P 500 Index fell 0.40 percent to close at 2,564.98. The Nasdaq Composite Index dropped 0.64 percent to close at 6,586.83.

"Earnings remain a solid tailwind for equity prices," said Robert Doll, Chief Equity Strategist at Nuveen Asset Management LLC, in a report, according to MarketWatch. "Just over 20% of S&P 500 companies have announced third-quarter results. Earnings are beating expectations by 4.5% and revenues by 1.0%. This compares to the long-term historical average of 4.7% and 0.3%, respectively. Earnings per share are on track to rise 8% for the quarter."

RDI Initiates Coverage on:

Cisco Systems Inc.
https://rdinvesting.com/news/?ticker=CSCO

Helios and Matheson Analytics Inc.
https://rdinvesting.com/news/?ticker=HMNY

Cisco Systems Inc.'s stock edged 0.29% higher Monday, to close the day at $34.35. The stock recorded a trading volume of 22,631,966 shares, which was above its three months average volume of 19,330,300 shares. In the last year, Cisco Systems Inc.'s shares have traded in a range of 29.12 - 34.68. The share price has gained 17.96% 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 $33.05 is greater than its 200-day moving average of $32.35. Shares of Cisco Systems Inc. are trading at a Price to Earnings ratio of 18.08. Shares of Cisco Systems have gained approximately 13.67 percent year-to-date.

Access RDI's Cisco Systems Inc. Research Report at:
https://rdinvesting.com/news/?ticker=CSCO

On Monday, shares in Helios and Matheson Analytics Inc. recorded a trading volume of 4,295,718 shares, which was above the three months average volume of 3,978,290 shares. The stock ended the day 18.30% lower at 13.30. The share price has gained 504.55% from its 52-week low with a 52-week trading range of 2.20 - 38.86. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $11.01 is greater than its 200-day moving average of $4.76. Shares of Helios and Matheson Analytics have gained approximately 303.03 percent year-to-date.

Access RDI's Helios and Matheson Analytics Inc. Research Report at:
https://rdinvesting.com/news/?ticker=HMNY

Our Actionable Research on Cisco Systems Inc. (NASDAQ: CSCO) and Helios and Matheson Analytics Inc. (NASDAQ: HMNY) can be downloaded free of charge at Research Driven Investing.

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