NEW YORK, NY / ACCESSWIRE / May 19, 2017 / Positive economic data and another strong performance by the Technology sector helped lift major indexes higher Thursday. The Dow Jones Industrial Average increased 0.27 percent to close at 20,663.02, while the S&P 500 Index gained 0.37 percent to close at 2,365.72. The NASDAQ Composite Index jumped 0.73 percent to close at 6,055.13. On Thursday, the Labor Department reported initial jobless claims declined by 4,000 to a seasonally adjusted 232,000 in the week ended May 13th. This marked the third consecutive week of declines and topped economists' forecasts of 240,000.

"I still continue to go back to the economy when I'm talking to clients. As long as the U.S. economy remains in a good foundation?that creates a supportive environment for equities," said Shannon Saccocia, head of asset allocation and portfolio strategy at Boston Private Wealth, The Wall Street Journal reported.

RDI Initiates Coverage on:

YRC Worldwide Inc.
https://ub.rdinvesting.com/news/?ticker=YRCW

ExOne Co.
https://ub.rdinvesting.com/news/?ticker=XONE

YRC Worldwide's shares spiked 7.93 percent to close at $8.17 a share on Thursday. The stock traded between $7.36 and $8.24 on volume of 1.42 million shares traded. The company reported consolidated operating revenue of $1.171 billion and a consolidated operating loss of $3.0 million for first quarter 2017. YRC Worldwide had cash and cash equivalents and Managed Accessibility under its ABL facility totaling $202.0 million, as of March 31st, 2017. Shares of YRC Worldwide have fallen approximately 38.48 percent year-to-date.

On May 17th, the company announced Stephanie D. Fisher as Chief Financial Officer of YRCW. Fisher has been acting CFO and Vice President and Controller of YRCW since January 2017. "Stephanie has been a key contributor on nearly every aspect of our financial operations, including our successful refinancing efforts," said James Welch, YRCW CEO. "As CFO she will continue to build on her exemplary career with YRCW."

Access RDI's YRC Worldwide Research Report at:
https://ub.rdinvesting.com/news/?ticker=YRCW

ExOne's shares jumped 7.77 percent to close at $14.15 a share on Thursday. The stock traded between $12.63 and $14.20 on volume of 302,192 shares traded. The company reported total revenues were $10.9 million for the first quarter of 2017, an increase of 29 percent year-over-year. Gross profit was $1.6 million, resulting in a 14.7 percent gross margin in the first quarter, compared with 22.3 percent in the first quarter of 2016. Cash, cash equivalents and restricted cash as of March 31, 2017 were $28.3 million. Shares of ExOne have gained approximately 51.5 percent year-to-date.

"As we expected, 2017 is off to a solid start and on track to achieve full year revenue growth that exceeds 25%. In addition to a 29% increase in revenue, first quarter orders were strong, allowing us to sequentially grow backlog by 19% during the quarter, to $23.5 million," stated Jim McCarley, ExOne's Chief Executive Officer.

Access RDI's ExOne Research Report at:
https://ub.rdinvesting.com/news/?ticker=XONE

Our Actionable Research on ExOne Co. (NASDAQ: XONE) and YRC Worldwide Inc. (NASDAQ: YRCW) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com