NEW YORK, NY / ACCESSWIRE / July 27, 2018 / U.S. equities finished moderately lower on Thursday, pressured by sharp losses in tech stocks as Facebook posted its biggest daily drop ever after a disappointing quarterly report. The Dow Jones Industrial Average gained 0.44 percent to close at 25,527.07, while the S&P 500 Index was down 0.30 percent to close at 2,837.44. The Nasdaq Composite Index plunged 1.01 percent to close at 7,852.18.
According to Brian Milligan, portfolio manager at Ave Maria Growth Fund., "I'm not surprised to see a decline like this in Facebook, especially since even with this drop its still up year-over-year. As a growth investor looking for sustainable competitive advantages, I?m identifying cracks in Facebook?s business model. Its new users are going to come from emerging markets, for the most part, which generate a lower revenue per user. That means the revenue growth will slow over time, and that margins will compress."
RDI Initiates Coverage on:
Radian Group Inc.
LendingTree's stock jumped 3.09% Thursday, to close the day at $253.65. The stock recorded a trading volume of 669,134 shares, which was above its three months average volume of 278,506 shares. In the last year, LendingTree's shares have traded in a range of 205.45 - 404.40. The share price has gained 23.46% 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 $242.95 is below its 200-day moving average of $306.09. Shares of the company are trading at a Price to Earnings ratio of 88.60. Shares of LendingTree have gained roughly 11.84 percent in the past month and are down 25.5 percent year-to-date.
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On Thursday, shares of Radian Group recorded a trading volume of 2,994,290 shares, which was above the three months average volume of 1,754,766 shares. The stock ended the day 4.12% higher at $18.43. The share price has fallen 21.54% from its 52 week high with a 52 week trading range of 14.06 - 23.49. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $16.81 is below its 200-day moving average of $18.36. Shares of the company are trading at a Price to Earnings ratio of 25.49. Shares of Radian Group have gained roughly 12.10 percent in the past month and are down 10.58 percent year-to-date.
Access RDI's Radian Group Inc. Research Report at:
Our Actionable Research on LendingTree, Inc. (NASDAQ: TREE) and Radian Group Inc. (NYSE: RDN) can be downloaded free of charge at Research Driven Investing.
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