NEW YORK, NY / ACCESSWIRE / April 2, 2018 / U.S. markets closed in the green Thursday, with major indexes all rising more than 1 percent. Most sectors participated in the broad rally and saw some strong weekly advances. The Dow Jones Industrial Average inclined 1.07 percent to close at 24,103.11, while the S&P 500 Index gained 1.38 percent to close at 2,640.87. The Nasdaq Composite Index gained 1.64 percent to close at 7,063.44. For the week, the Dow rose 2.7%, while the Nasdaq added 1% and the S&P was up 2.1%.

"This is the last day of the quarter, so there's some standard window dressing going on. Beyond that, I don't think markets look expensive at these levels, especially if rates don't go up in a quick fashion," said Charlie Smith, chief investment officer at Pittsburgh-based Fort Pitt Capital Group.

RDI Initiates Coverage on:

Freeport-McMoRan, Inc.
https://rdinvesting.com/news/?ticker=FCX

Jagged Peak Energy Inc.
https://rdinvesting.com/news/?ticker=JAG

Freeport-McMoRan's stock moved 4.90% higher Thursday, to close the day at $17.57. The stock recorded a trading volume of 16,127,839 shares, which was below its three months average volume of 19,430,865 shares. In the last year, Freeport-McMoRan's shares have traded in a range of 11.05 - 20.25. The share price has gained 59.00% 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 $18.38 is greater than its 200-day moving average of $16.63. Shares of the company are trading at a Price to Earnings ratio of 14.02. Shares of Freeport-McMoRan have fallen roughly 5.23 percent in the past month and are down 7.33 percent year-to-date.

Access RDI's Freeport-McMoRan, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=FCX

On Thursday, shares of Jagged Peak Energy recorded a trading volume of 3,539,439 shares, which was above the three months average volume of 1,459,834 shares. The stock ended the day 11.00% higher at 14.13. The share price has gained 28.92% from its 52-week low with a 52-week trading range of 10.96 - 16.55. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $12.40 is below its 200-day moving average of $13.76. Shares of Jagged Peak Energy have gained roughly 14.88 percent in the past month and are down 10.46 percent year-to-date.

Access RDI?s Jagged Peak Energy Inc. Research Report at:
https://rdinvesting.com/news/?ticker=JAG

Our Actionable Research on Freeport-McMoRan, Inc. (NYSE:FCX) and Jagged Peak Energy Inc. (NYSE:JAG) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com