NEW YORK, NY / ACCESSWIRE / July 18, 2017 / U.S. markets were relatively quiet Monday as investors eagerly await the latest batch of corporate earnings. Bank of America Corp., General Electric Co., Goldman Sachs Group Inc. and Microsoft Corp. are among the 68 S&P 500 companies scheduled to report earnings this week, according to FactSet. The Dow Jones Industrial Average declined 0.03 percent to close at 21,630.68, while the S&P 500 Index dipped 0.01 percent to close at 2,459.14. The NASDAQ Composite Index gained 0.02 percent to close at 6,314.43. Analysts forecast earnings for S&P 500 companies to increase by approximately 8.2 percent in the second quarter, according to data from Thomson Reuters.

"After new highs that we saw last week, the market deserves a rest as investors await big earnings this week," said Dave Donabedian, Chief Investment Officer of CIBC Atlantic Trust Private Wealth Management. "Our view is that right now the equity market is a one-legged stool that's driven by earnings and we're pretty optimistic about earnings but if that should falter, the market will falter."

RDI Initiates Coverage on:

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

Twilio Inc.
https://ub.rdinvesting.com/news/?ticker=TWLO

Freeport-McMoRan Inc.'s stock moved 3.17% higher Monday, to close the day at $13.00. The stock recorded a trading volume of 27,319,826 shares, which was above its three months average volume of 19,824,400 shares. In the last year, Freeport-McMoRan Inc.'s shares have traded in a range of 9.24 - 17.06. The share price has gained 40.69% from its 52 week low. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $11.71 is below its 200-day moving average of $13.34. Shares of the company are trading at a Price to Earnings ratio of 69.52. Freeport-McMoRan received a boost as copper prices spiked after Chinese GDP and industrial production data came in above expectations. Shares of Freeport-McMoRan have fallen approximately 1.44 percent year-to-date.

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

On Monday, shares in Twilio Inc. recorded a trading volume of 1,589,951 shares, which was below the three months average volume of 3,295,100 shares. The stock ended the day 4.17% higher at 30.45. The share price has gained 33.55% from its 52 week low with a 52 week trading range of 22.80 - 70.96.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $25.96 is below its 200-day moving average of $28.94. Shares of Twilio Inc. have gained approximately 5.55 percent year-to-date.

Access RDI's Twilio Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=TWLO

Our Actionable Research on Freeport-McMoRan Inc. (NYSE:FCX) and Twilio Inc. (NYSE:TWLO) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com