NEW YORK, NY / ACCESSWIRE / May 25, 2018 / U.S. markets were weighed down by the energy sector on Thursday as U.S. crude oil prices closed lower for the third consecutive session. However, major indexes received a boost after President Trump announced the cancellation of a planned summit with North Korean leader Kim Jong Un. The Dow Jones Industrial Average dropped 0.30 percent to close at 24,811.76, while the S&P 500 Index declined 0.20 percent to close at 2,727.76. The Nasdaq Composite Index fell 0.02 percent to close at 7,424.43.
"The selloff after the cancellation of the North Korea meeting was muted, largely because it doesn't change the second-quarter earnings or economic growth," Karyn Cavanaugh, senior market strategist at Voya Financial. "Geopolitical risks are never fun and markets tend to price in the bad news right away and the good news only gradually," Cavanaugh added.
RDI Initiates Coverage on:
Kohl's Corporation
https://rdinvesting.com/news/?ticker=KSS
Urban Outfitters, Inc.
https://rdinvesting.com/news/?ticker=URBN
Kohl's stock moved 3.61% higher Thursday, to close the day at $64.51. The stock recorded a trading volume of 5,287,099 shares, which was above its three months average volume of 4,274,111 shares. In the last year, Kohl's shares have traded in a range of 35.16 - 69.48. The share price has gained 83.48% 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 $62.08 is greater than its 200-day moving average of $58.79. Shares of the company are trading at a Price to Earnings ratio of 12.60. Shares of Kohl's have gained roughly 8.91 percent in the past month and are up 18.96 percent year-to-date.
Access RDI's Kohl's Corporation Research Report at:
https://rdinvesting.com/news/?ticker=KSS
On Thursday, shares of Urban Outfitters recorded a trading volume of 3,021,301 shares, which was above the three months average volume of 2,472,319 shares. The stock ended the day 3.41% higher at 42.19. The share price has gained 160.59% from its 52-week low with a 52-week trading range of 16.19 - 43.58. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $39.75 is greater than its 200-day moving average of $35.10. Shares of the company are trading at a Price to Earnings ratio of 43.95. Shares of Urban Outfitters have gained roughly 9.19 percent in the past month and are up 20.34 percent year-to-date.
Access RDI's Urban Outfitters, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=URBN
Our Actionable Research on Kohl's Corporation (NYSE :KSS) and Urban Outfitters, Inc. (NASDAQ :URBN) can be downloaded free of charge at Research Driven Investing.
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