NEW YORK, NY / ACCESSWIRE / July 21, 2017 / U.S. markets were mixed Thursday as a sharp drop in Home Depot shares dragged down the Dow Jones and S&P 500 Index, while the Nasdaq continued to climb to new record highs. The Dow Jones Industrial Average slipped 0.13 percent to close at 21,611.78, with the S&P 500 Index posted a slight decline of 0.02 percent to close at 2,473.45. The Nasdaq Composite Index gained 0.08 percent to close at 6,390.00.

"Every day it seems like one or two components that drag the Dow, and the S&P and Nasdaq hit record highs because on balance, earnings season's going well," said Art Hogan, chief market strategist at Wunderlich Securities. "It feels like you've got a real focused shift from the macro to the micro."

RDI Initiates Coverage on:

Frontier Communications Corporation
https://ub.rdinvesting.com/news/?ticker=FTR

QUALCOMM Incorporated
https://ub.rdinvesting.com/news/?ticker=QCOM

Frontier Communications Corporation's stock moved 4.34% higher Thursday, to close the day at $14.91. The stock recorded a trading volume of 3,267,354 shares, which was above its three months average volume of 2,665,540 shares. In the last year Frontier Communications Corporation's shares have traded in a range of 13.13 - 78.30. The stock is currently trading 80.96% below its 52 week high. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $17.41 is below its 200-day moving average of $32.59.

The company is scheduled to report results for the second quarter of 2017 after market close on Tuesday, August 1st. Shares of Frontier Communications have fallen approximately 70.59 percent year-to-date.

Access RDI?s Frontier Communications Corporation Research Report at:
https://ub.rdinvesting.com/news/?ticker=FTR

On Thursday, shares in QUALCOMM Incorporated recorded a trading volume of 35,943,882 shares, which was above the three months average volume of 10,245,200 shares. The stock ended the day 4.95% lower at 53.97. The stock is currently trading 24.64% below its 52 week high with a 52 week trading range of 51.05 - 71.62.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $56.56 is below its 200-day moving average of $56.82. Shares of the company are trading at a Price to Earnings ratio of 17.98.

The company reported earnings that topped analysts? estimates, but shares fell as it technology licensing businesses saw significant declines, largely due to the ongoing litigation with its largest customer, Apple. Shares of Qualcomm have fallen approximately 17.22 percent year-to-date.

Access RDI?s QUALCOMM Incorporated Research Report at:
https://ub.rdinvesting.com/news/?ticker=QCOM

Our Actionable Research on Frontier Communications Corporation (NASDAQ: FTR) and QUALCOMM Incorporated (NASDAQ: QCOM) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com