May 29, 2018 - 8:30 AM EDT
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Today's Research Reports on Trending Tickers: QUALCOMM and NXP Semiconductors

NEW YORK, NY / ACCESSWIRE / May 29, 2018 / OPEC and major oil-producer Russia were considering an increase in supply, pressuring energy stocks lower. U.S. markets however posted weekly gains on Friday, buoyed by strong performance from the technology shares. The Dow Jones Industrial Average dropped 0.24 percent to close at 24,753.09, while the S&P 500 Index declined 0.24 perent to close at 2,721.33. The Nasdaq Composite Index increased 0.13 percent to close at 7,433.85. For the week, Dow and S&P gained a modest 0.2 percent and 0.3 percent respectively while Nasdaq closed with a strong gain of 1.1 percent.

“If the Saudis do lift oil production, that could be the news of the day. It may result in a weak patch for the energy sector, but for the broader market that could be offset by a rise in sentiment if it results in gas prices falling going into the summer driving season,” said John Augustine, chief investment officer at Huntington Private Bank.

RDI Initiates Coverage on:

QUALCOMM Incorporated
https://rdinvesting.com/news/?ticker=QCOM

NXP Semiconductors N.V.
https://rdinvesting.com/news/?ticker=NXPI

QUALCOMM's stock moved 1.49% Friday, to close the day at $59.96. The stock recorded a trading volume of 10,087,589 shares, which was below its three months average volume of 11,904,479 shares. In the last year, QUALCOMM's shares have traded in a range of 48.56 - 69.28. The share price has gained 23.48% from its 52 week low. The company's shares are currently trading below their 200-day moving average. The stock's 50-day moving average of $54.17 is below its 200-day moving average of $61.36. Shares of QUALCOMM have gained roughly 17.32 percent in the past month and are down 6.34 percent year-to-date.

Access RDI's QUALCOMM Incorporated Research Report at:
https://rdinvesting.com/news/?ticker=QCOM

On Friday, shares of NXP Semiconductors recorded a trading volume of 9,197,454 shares, which was above the three months average volume of 6,444,011 shares. The stock ended the day 4.74% higher at $116.79. The share price has fallen 7.26% from its 52-week high with a 52-week trading range of 90.83 - 125.93. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $107.33 is below its 200-day moving average of $115.70. Shares of the company are trading at a Price to Earnings ratio of 18.22. Shares of NXP Semiconductors have gained roughly 10.81 percent in the past month and are down 0.26 percent year-to-date.

Access RDI's NXP Semiconductors N.V. Research Report at:
https://rdinvesting.com/news/?ticker=NXPI

Our Actionable Research on QUALCOMM Incorporated (NASDAQ :QCOM) and NXP Semiconductors N.V. (NASDAQ :NXPI) 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 (May 29, 2018 - 8:30 AM EDT)

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