NEW YORK, NY / ACCESSWIRE / March 9, 2018 / Stock markets closed higher Thursday as President Donald Trump imposed tariffs on imported steel and aluminum that excluded Canada and Mexico. The Dow Jones Industrial Average gained 0.38 percent to close at 24,895.21, while the S&P 500 Index increased 0.45 percent to close at 2,738.97. The Nasdaq Composite Index rose 0.42 percent to close at 7,427.95.

"The tariffs are driving volatility in the short term, but it seems like it is more about politics than a fundamental policy change, given the reports that Mexico and Canada could be exempt. We think the likelihood of a full trade war is low, and that any market dips are a buying opportunity," said Abe Sheikh, co-chief investment officer of Cougar Global, according to MarketWatch.

RDI Initiates Coverage on:

Marvell Technology Group Ltd.
https://rdinvesting.com/news/?ticker=MRVL

Verifone Systems, Inc.
https://rdinvesting.com/news/?ticker=PAY

Marvell Technology Group's stock moved 2.66% higher Thursday, to close the day at $24.32. The stock recorded a trading volume of 17,008,179 shares, which was above its three months average volume of 7,407,470 shares. In the last year, Marvell Technology Group's shares have traded in a range of 14.58 - 24.42. The share price has gained 66.80% 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 $22.90 is greater than its 200-day moving average of $20.62. Shares of the company are trading at a Price to Earnings ratio of 31.83. Shares of Marvell Technology Group have gained roughly 17.26 percent in the past month and are up 13.27 percent year-to-date.

Access RDI's Marvell Technology Group Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=MRVL

On Thursday, shares of Verifone Systems recorded a trading volume of 1,806,989 shares, which was above the three months average volume of 1,486,618 shares. The stock ended the day 0.45% higher at 18.05. The stock is currently trading 15.97% below its 52-week high with a 52-week trading range of 16.00 - 21.48. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $17.46 is below its 200-day moving average of $18.56. Shares of Verifone Systems have gained roughly 3.74 percent in the past month and are up 1.92 percent year-to-date.

Access RDI?s Verifone Systems, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PAY

Our Actionable Research on Marvell Technology Group Ltd. (NASDAQ:MRVL) and Verifone Systems, Inc. (NYSE:PAY) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com