Thursday, 24 January 2019 08:00 AM
NEW YORK, NY / ACCESSWIRE / January 24, 2019 / U.S. equities regained its footing on Wednesday on the back of strong corporate earnings. Overall profits of the companies who have reported quarterly results so far have risen by approximately by 13.2 percent. The Dow Jones Industrial Average closed up by 0.7 percent to settle at 24,575.62, supported by strong quarterly earnings from Procter & Gamble, IBM and United Technologies, while the S&P 500 climbed 0.22 percent to close at 2,638.70. The Nasdaq barely moved by 0.08 percent higher to close at 7,025.77.
"Ultimately, when you look at the data, the thing that matters most to the market is earnings," said the founder of Zoe Financial, Andres Garcia-Amaya. "I would say the technology sector is one that could make or break the story for equities. If you look at margins for the sector versus the other sectors, it's by far the largest," he added.
The Market Wealth Report Initiates Coverage on:
Las Vegas Sands Corp.
https://marketwealthreport.com/report/LVS/
MGM Resorts International
https://marketwealthreport.com/report/MGM/
Las Vegas Sands' stock moved 0.42% higher Wednesday, to close the day at $57.29. The stock recorded a trading volume of 5,347,847 shares, which was above its three months average volume of 5,262,834 shares. In the last year, Las Vegas Sands' shares have traded in a range of 47.39 - 81.45. The share price has gained 20.89% 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 $54.14 is below its 200-day moving average of $59.87. Shares of the company are trading at a Price to Earnings ratio of 11.93. Shares of Las Vegas Sands have gained roughly 18.27 percent in the past month and are up 10.07 percent year-to-date.
Access The Market Wealth's Las Vegas Sands Corp. Research Report:
https://marketwealthreport.com/report/LVS/
On Wednesday, shares of MGM Resorts recorded a trading volume of 10,258,204 shares, which was above the three months average volume of 8,881,791 shares. The stock ended the day 0.22% lower at $27.81. The share price has fallen 27.6% from its 52 week high with a 52 week trading range of 21.62 - 38.41. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $25.99 is below its 200-day moving average of $27.48. Shares of the company are trading at a Price to Earnings ratio of 8.40. Shares of MGM Resorts have gained roughly 27.34 percent in the past month and are up 14.63 percent year-to-date.
Access The Market Wealth's MGM Resorts International Research Report:
https://marketwealthreport.com/report/MGM/
Our Actionable Research on Las Vegas Sands Corp. (NYSE:LVS) and MGM Resorts International (NYSE:MGM) can be downloaded free of charge at The Market Wealth Report.
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SOURCE: The Market Wealth Report