NEW YORK, NY / ACCESSWIRE / January 22, 2018 / U.S. markets rebounded on Friday, posting a weekly gain, as positive earnings outweighed worries of a government shutdown. The Dow Jones Industrial Average was up 0.21 percent to close at 26,071.72, while the S&P 500 Index increased 0.44 percent to close at 2,810.30. The Nasdaq Composite Index gained 0.55 percent to close at 7,336.38. Both the Dow Jones and Nasdaq rose approximately 1 percent for the week, while the S&P 500 recorded 0.9 percent gain.

"I would characterize a shutdown as just the kind of political news that the market has demonstrated, over the past year, a willingness to ignore," said Hank Smith, co-chief investment officer at Haverford Trust. According to Smith, "the market is reacting to GDP growth both here and abroad; corporate profits, which are growing by double-digit rates and are healthy; interest rates that remain low despite a gradual uptick; and benign inflation."

RDI Initiates Coverage on:

Philip Morris International Inc.
https://rdinvesting.com/news/?ticker=PM

Altria Group, Inc.
https://rdinvesting.com/news/?ticker=MO

Philip Morris stock moved 3.66% higher Friday, to close the day at $108.92. The stock recorded a trading volume of 5,818,855 shares, which was above its three months average volume of 4,447,627 shares. In the last year, Philip Morris shares have traded in a range of 94.32 - 123.55. The share price has gained 15.48% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $105.75 is below its 200-day moving average of $110.82. Shares of the company are trading at a trailing Price to Earnings ratio of 24.04. Shares of Philip Morris have gained roughly 3.95 percent in the past month and are up 3.1 percent year-to-date.

Access RDI?s Philip Morris International Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PM

On Friday, shares of Altria Group recorded a trading volume of 8,714,038 shares, which was above the three months average volume of 6,960,852 shares. The stock ended the day 1.56% higher at 71.12. The share price has gained 18.51% from its 52 week low with a 52 week trading range of 60.01 - 77.79. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $71.15 is greater than its 200-day moving average of $67.09. Shares of Altria Group, Inc. are trading at a trailing Price to Earnings ratio of 8.86. Shares of Altria Group have fallen roughly 1.14 percent in the past month and are down 0.41 percent year-to-date.

Access RDI?s Altria Group, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=MO

Our Actionable Research on Philip Morris International Inc (NYSE:PM) and Altria Group, Inc. (NYSE:MO) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com