NEW YORK, NY / ACCESSWIRE / July 5, 2017 / Strong performances from the energy and financial sectors helped push the Dow Jones to a new record Monday. Technology shares continued to slide, pressuring the Nasdaq lower. On Monday, the Dow Jones Industrial Average touched a high of 21,562.75, before settling to close at 21,479.27, while the Nasdaq Composite Index declined 0.49 percent to close at 6,110.06. The S&P 500 Index gained 0.23 percent to close at 2,429.01. On Monday, the Financial Select Sector SPDR Fund spiked 1.46 percent and is up approximately 7.66 percent year-to-date.

"You're still seeing money coming out of tech and into financials," said Marc Chaikin, CEO of Chaikin Analytics. "The rally in financials has real legs."

RDI Initiates Coverage on:

Walt Disney Company
https://ub.rdinvesting.com/news/?ticker=DIS

Verizon Communications Inc.
https://ub.rdinvesting.com/news/?ticker=VZ

Walt Disney Company's stock moved 1.14% higher Monday, to close the day at $107.46. The stock recorded a trading volume of 5,399,537 shares, which was below its three months average volume of 6,918,220 shares. In the last year Walt Disney Company's shares have traded in a range of 90.32 - 116.10. The share price has gained 18.98% from its 52 week low. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $106.63 is below its 200-day moving average of $109.31. Shares of Walt Disney Company are trading at a Price to Earnings ratio of 18.74. Shares of Walt Disney have gained approximately 3.11 percent.

Access RDI?s Walt Disney Company Research Report at:
https://ub.rdinvesting.com/news/?ticker=DIS

On Monday, shares in Verizon Communications Inc. recorded a trading volume of 9,732,120 shares, which was below the three months average volume of 15,703,500 shares. The stock ended the day 0.76% higher at 45.00. The stock is currently trading 20.98% below its 52 week high with a 52 week trading range of 44.39 - 56.95.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $45.84 is below its 200-day moving average of $48.85. Shares of Verizon Communications Inc. are trading at a Price to Earnings ratio of 15.05. Shares of Verizon have fallen approximately 15.7 percent year-to-date.

Access RDI?s Verizon Communications Inc. Research Report at:
https://ub.rdinvesting.com/news/?ticker=VZ

Our Actionable Research on Walt Disney Company (NYSE: DIS) and Verizon Communications Inc. (NYSE: VZ) can be downloaded free of charge at Research Driven Investing.

Research Driven Investing

We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.

RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.

Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

CONTACT

For any questions, inquiries, or comments reach out to us directly at:

Address:

Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011

Email:

contact@rdinvesting.com

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: RDInvesting.com