September 25, 2018 - 8:00 AM EDT
Print Email Article Font Down Font Up Charts


Today's Research Reports on Trending Tickers: California Resources and Chesapeake Energy

NEW YORK, NY / ACCESSWIRE / September 25, 2018 / U.S. markets closed lower Monday as trade tensions heated up. The Trump administration imposed a tariff of 10 percent on over $200 billion, which could increase to 25 percent if the two countries are unable to settle, according to L. Thomas Block, Washington policy strategist at Fundstrat Global Advisors. The Dow Jones Industrial Average dropped 0.68 percent to close at 26,562.05, while the S&P 500 Index declined 0.35 percent to close at 2,919.37. The Nasdaq Composite Index rose 0.08 percent to close at 7,993.25.

“You’d expect a bit of a pullback after hitting records, and there’s also a broader question of where do we go from here, economically? There’s a fear that tariffs could bring the economy down, and it is a near-certainty that the Fed will raise rates this week. That raises the question of how much longer the recovery will last, and how much earnings will grow from here,” said chief investment strategist at Key Private Bank, Bruce McCain.

RDI Initiates Coverage on:

California Resources Corporation
https://rdinvesting.com/news/?ticker=CRC

Chesapeake Energy Corporation
https://rdinvesting.com/news/?ticker=CHK

California Resources' stock jumped 17.63% Monday, to close the day at $46.58. The stock recorded a trading volume of 6,224,241 shares, which was above its three months average volume of 1,770,038 shares. In the last year, California Resources' shares have traded in a range of 8.84 - 48.85. The share price has gained 426.92% 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 $36.08 is above its 200-day moving average of $32.34. Shares of California Resources have gained roughly 30.18 percent in the past month and are up 139.61 percent year-to-date.

Access RDI's California Resources Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CRC

On Monday, shares of Chesapeake Energy recorded a trading volume of 29,771,473 shares, which was above the three months average volume of 28,004,758 shares. The stock ended the day 5.18% higher at $4.67. The share price has fallen 16.61% from its 52 week high with a 52 week trading range of 2.53 - 5.60. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $4.38 is above its 200-day moving average of $4.07. Shares of Chesapeake Energy have gained roughly 2.19 percent in the past month and are up 9.11 percent year-to-date.

Access RDI's Chesapeake Energy Corporation Research Report at:
https://rdinvesting.com/news/?ticker=CHK

Our Actionable Research on California Resources Corporation (NYSE: CRC) and Chesapeake Energy Corporation (NYSE: CHK) 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 Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. 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:

Email:

[email protected]

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

SOURCE: RDInvesting.com


Source: ACCESSWIRE Investor Awareness (September 25, 2018 - 8:00 AM EDT)

News by QuoteMedia
www.quotemedia.com
Tags:

Legal Notice