NEW YORK, NY / ACCESSWIRE / November 9, 2017 / U.S. markets pushed higher Wednesday on the strength of corporate earnings on the anniversary of President Trump's election. The Dow Jones Industrial Average edged out a 0.03 percent gain to close at 23,563.36, up approximately 31.72 percent in the past year, while the S&P 500 Index rose 0.14 percent to close at 2,594.38, up approximately 24.42 percent in the past year. The Nasdaq Composite Index increased 0.32 percent to close at 6,789.12, up approximately 34.53 percent in the past year. Earnings for the S&P 500 are estimated to have grown by approximately 8 percent in the third quarter, up from expectations of a 5.9 percent growth at the beginning of October, according to Thomson Reuters I/B/E/S.

RDI Initiates Coverage on:

Sina Corporation
https://rdinvesting.com/news/?ticker=SINA

Weibo Corporation
https://rdinvesting.com/news/?ticker=WB

Sina Corporation's stock moved 4.48% higher Wednesday, to close the day at $107.61. The stock recorded a trading volume of 2,738,653 shares, which was above its three months average volume of 1,091,227 shares. In the last year, Sina Corporation's shares have traded in a range of 60.46 - 119.20. The share price has gained 77.99% 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 $112.45 is greater than its 200-day moving average of $98.59. Shares of the company are trading at a Price to Earnings ratio of 35.24. Shares of Sina have fallen roughly 6.65 percent in the past month and are up 77.02 percent year-to-date.

Access RDI's Sina Corporation Research Report at:
https://rdinvesting.com/news/?ticker=SINA

On Wednesday, shares in Weibo Corporation recorded a trading volume of 4,969,432 shares, which was above the three months average volume of 2,163,050 shares. The stock ended the day 9.76% higher at 108.97. The share price has gained 171.61% from its 52 week low with a 52 week trading range of 40.12 - 109.07.The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $97.85 is greater than its 200-day moving average of $83.15. Shares of Weibo Corporation are trading at a Price to Earnings ratio of 125.54. Shares of Weibo have gained roughly 8.54 percent in the past month and are up 168.4 percent year-to-date.

Access RDI's Weibo Corporation Research Report at:
https://rdinvesting.com/news/?ticker=WB

Our Actionable Research on Sina Corporation (NASDAQ:SINA) and Weibo Corporation (NASDAQ:WB) can be downloaded free of charge at Research Driven Investing.

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