NEW YORK, NY / ACCESSWIRE / April 13, 2018 / U.S. markets jumped Thursday as investor's attention shifted from current geopolitical tensions to the upcoming earnings season. Bank stocks were the top gainers in the market as J.P. Morgan Chase, Citigroup and Goldman Sachs all rose more than 2 percent. The Dow Jones Industrial Average spiked 1.21 percent to close at 24,483.05, while the S&P 500 Index jumped 0.83 percent to close at 2,663.99. The Nasdaq Composite Index rose 1.01 percent to close at 7,140.25.

"On one hand, you have earnings that are expected to be strong and the S&P 500 has repeatedly tested its 200-day moving average and held above it. On the other, you have erratic policies and questions over what will happen in Syria, with trade, with the Russia investigation," said Donald Selkin, chief market strategist at Newbridge Securities, according to MarketWatch.

RDI Initiates Coverage on:

Melco Resorts & Entertainment Ltd.
https://rdinvesting.com/news/?ticker=MLCO

Wynn Resorts, Ltd.
https://rdinvesting.com/news/?ticker=WYNN

Melco Resorts & Entertainment's stock jumped 6.31% Thursday, to close the day at $31.16. The stock recorded a trading volume of 4,688,931 shares, which was above its three months average volume of 2,624,232 shares. In the last year, Melco Resorts & Entertainment's shares have traded in a range of 19.29 - 31.32. The share price has gained 61.53% 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 $27.89 is greater than its 200-day moving average of $26.55. Shares of Melco Resorts & Entertainment are trading at a Price to Earnings ratio of 44.20. Shares of Melco Resorts & Entertainment have gained roughly 8.12 percent in the past month and are up 7.30 percent year-to-date.

Access RDI's Melco Resorts & Entertainment Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=MLCO

On Thursday, shares of Wynn Resorts recorded a trading volume of 2,673,633 shares, which was below the three months average volume of 4,410,136 shares. The stock ended the day 3.79% higher at 186.64. The share price has gained 65.30% from its 52-week low with a 52-week trading range of 112.91 - 203.63. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $176.70 is greater than its 200-day moving average of $163.71. Shares of Wynn Resorts are trading at a Price to Earnings ratio of 25.64. Shares of Wynn Resorts have fallen roughly 2.69 percent in the past month and are up 10.71 percent year-to-date.

Access RDI's Wynn Resorts, Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=WYNN

Our Actionable Research on Melco Resorts & Entertainment Ltd. (NASDAQ :MLCO) and Wynn Resorts, Ltd. (NASDAQ :WYNN) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com