Today's Research Reports on Trending Tickers: Apache Corporation and Transocean Ltd
NEW YORK, NY / ACCESSWIRE / July 10, 2017 / On Friday, the Labor Department reported 222,000 jobs were created in the U.S. in June, the second largest pull of the year, however, the unemployment rate increased by 0.1 percent to 4.4 percent. Economists had expected an increase of 180,000 jobs and an unemployment rate of 4.3 percent, according to economists surveyed by MarketWatch. On Friday, the Dow Jones Industrial Average increased 0.44 percent to close at 21,414.34, the S&P 500 Index rose 0.64 percent to close at 2,425.18. The NASDAQ Composite Index gained 1.04 percent to close at 6,153.08.
"The job market remains in good shape eight years into the economic expansion," said Gus Faucher, Chief Economist at PNC Financial Services.
"Wages are accelerating in some industries, just not enough industries," wrote Steven Blitz, Chief U.S. Economist at TS Lombard.
RDI Initiates Coverage on:
Apache Corporation
https://ub.rdinvesting.com/news/?ticker=APA
Transocean Ltd
https://ub.rdinvesting.com/news/?ticker=RIG
Apache Corporation's stock moved 1.44% lower Friday, to close the day at $45.11. The stock recorded a trading volume of 4,343,362 shares, which was above its three months average volume of 3,803,520 shares. In the last year Apache Corporation's shares have traded in a range of 44.60 - 69.00. The stock is currently trading 34.62% below its 52 week high. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $48.33 is below its 200-day moving average of $54.10. Shares of Apache have fallen approximately 28.93 percent year-to-date.
Access RDI's Apache Research Report at:
https://ub.rdinvesting.com/news/?ticker=APA
On Friday, shares in Transocean Ltd recorded a trading volume of 14,657,382 shares, which was above the three months average volume of 12,491,000 shares. The stock ended the day 1.99% lower at 7.88. The stock is currently trading 52.70% below its 52 week high with a 52-week trading range of 7.67 - 16.66.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $9.23 is below its 200-day moving average of $12.29. Shares of Transocean Ltd are trading at a Price to Earnings ratio of 4.74. Shares of Transocean have fallen approximately 46.54 percent year-to-date.
Access RDI's Transocean Research Report at:
https://ub.rdinvesting.com/news/?ticker=RIG
Our Actionable Research on Apache Corporation (NYSE: APA) and Transocean Ltd (NYSE: RIG) can be downloaded free of charge at Research Driven Investing.
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