April 23, 2018 - 8:30 AM EDT
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Today's Research Reports on Trending Tickers: Exxon Mobil and Chesapeake Energy

NEW YORK, NY / ACCESSWIRE / April 23, 2018 / U.S. markets dropped Friday as positive corporate earnings were offset by losses from the technology and consumer staples sectors. The yield on the 10-year Treasury note broke above a four-year high. The Dow Jones Industrial Average decreased 0.82 percent to close at 24,462.94, while the S&P 500 Index shed 0.85 percent to close at 2,670.14. The Nasdaq Composite Index dropped 1.27 percent to close at 7,146.13. Both the Dow Jones and S&P 500 gained 0.42 percent and 0.52 percent respectively for the week, while the Nasdaq increased 0.56 percent.

"Had bonds yields risen because the underlying economy is accelerating, then, we would see higher stock prices too. But Friday's weakness in stocks suggests that investors sold Treasurys because they are concerned that wage pressures and protectionist policies of the White House administration would send inflation higher," said Kristina Hooper, chief global market strategist at Invesco.

RDI Initiates Coverage on:

Exxon Mobil Corp.
https://rdinvesting.com/news/?ticker=XOM

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

Exxon Mobil's stock edged 0.53% lower Friday, to close the day at $79.00. The stock recorded a trading volume of 12,072,220 shares, which was below its three months average volume of 16,205,633 shares. In the last year, Exxon Mobil's shares have traded in a range of 72.16 - 89.30. The stock is currently trading 11.53% below its 52 week high. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $75.47 is below its 200-day moving average of $80.84. Shares of the company are trading at a Price to Earnings ratio of 17.06. Shares of Exxon Mobil have gained roughly 7.48 percent in the past month and are down 5.55 percent year-to-date.

Access RDI's Exxon Mobil Corp. Research Report at:
https://rdinvesting.com/news/?ticker=XOM

On Friday, shares of Chesapeake Energy recorded a trading volume of 22,829,185 shares, which was below the three months average volume of 37,747,588 shares. The stock ended the day 0.99% lower at 3.00. The share price has gained 18.58% from its 52 week low with a 52 week trading range of 2.53 - 5.87. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $3.06 is below its 200-day moving average of $3.55. Shares of Chesapeake Energy have fallen roughly 3.54 percent in the past month and are down 24.24 percent year-to-date.

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

Our Actionable Research on Exxon Mobil Corp. (NYSE :XOM) and Chesapeake Energy Corp. (NYSE :CHK) can be downloaded free of charge at Research Driven Investing.

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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.

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Source: ACCESSWIRE Investor Awareness (April 23, 2018 - 8:30 AM EDT)

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