NEW YORK, NY / ACCESSWIRE / October 11, 2017 / U.S. major indexes continued to hit new record highs Tuesday as consumer staples were lifted by Wal-Mart Stores Inc.'s announcement of a $20 billion share repurchase program. The Dow Jones Industrial Average gained 0.31 percent to close at a record 22,830.68, its 47th record close in 2017, while the S&P 500 Index hit an intra-day record of 2,555.23 before settling to close at 2,550.64, an increase of 0.23 percent. The NASDAQ Composite Index hit an intra-day record of 6,608.30 before settling to close at 6,587.25, an increase of 0.11 percent. Corporate earnings will now be a main focus amongst investors as earnings season is set to kick off this week.

"We think valuations are fair and we're not expecting any big surprises out of earnings season, which should be pretty strong," said Michael Matousek, head trader at U.S. Global Investors Inc. in San Antonio, according to MarketWatch. "I don't think we're going to see major moves to the upside or the downside until earnings, because people are waiting to see where major companies like [Facebook Inc.] come in, but there is optimism."

RDI Initiates Coverage on:

Cypress Semiconductor Corporation
https://rdinvesting.com/news/?ticker=CY

Semtech Corporation
https://rdinvesting.com/news/?ticker=SMTC

Cypress Semiconductor Corporation's stock moved 2.64% higher Tuesday, to close the day at $15.94. The stock recorded a trading volume of 6,070,127 shares, which was above its three months average volume of 5,504,150 shares. In the last year Cypress Semiconductor Corporation's shares have traded in a range of 9.63 - 16.00. The share price has gained 65.52% 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 $14.30 is greater than its 200-day moving average of $13.91. Shares of Cypress Semiconductor have gained approximately 39.34 percent year-to-date.

Access RDI's Cypress Semiconductor Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CY

On Tuesday, shares of Semtech Corporation recorded a trading volume of 646,999 shares, which was above the three months average volume of 474,578 shares. The stock ended the day 3.90% higher at 40.00. The share price has gained 75.40% from its 52 week low with a 52 week trading range of 22.81 - 41.15.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $36.88 is greater than its 200-day moving average of $36.20. Shares of Semtech Corporation are trading at a Price to Earnings ratio of 42.28. Shares of Semtech have gained approximately 26.78 percent year-to-date.

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

Our Actionable Research on Cypress Semiconductor Corporation (NASDAQ: CY) and Semtech Corporation (NASDAQ: SMTC) can be downloaded free of charge at Research Driven Investing.

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