NEW YORK, NY / ACCESSWIRE / August 1, 2018 / Wall Street snapped its losing streak on Tuesday as investors digested better-than-expected quarterly earnings and after the Trump administration appeared to have made progress on easing trade disputes with China. The Dow Jones Industrial Average gained 0.43 percent to close at 25,415.19, while the S&P 500 Index was increased 0.49 percent to close at 2,816.29. The Nasdaq Composite Index climbed 0.55 percent to close at 7,671.79.

"Broadly speaking, earnings are pretty positive, and I don't think there's anything out there that's going to cause a quick downturn that's going to last. The market will go on digesting bad news, as it has been doing throughout the year, on much worse news," said senior investment strategist at BNY Mellon Investment Management, Liz Young.

RDI Initiates Coverage on:

Paycom Software, Inc.
https://rdinvesting.com/news/?ticker=PAYC

Synaptics Incorporated
https://rdinvesting.com/news/?ticker=SYNA

Paycom Software's stock jumped 3.04% Tuesday, to close the day at $106.25. The stock recorded a trading volume of 1,757,012 shares, which was above its three months average volume of 772,901 shares. In the last year, Paycom Software's shares have traded in a range of 64.50 - 118.45. The share price has gained 64.73% 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 $107.71 is above its 200-day moving average of $104.02. Shares of Paycom Software have gained roughly 7.51 percent in the past month and are up 32.27 percent year-to-date.

Access RDI's Paycom Software, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=PAYC

On Tuesday, shares of Synaptics recorded a trading volume of 327,465 shares, which was below the three months average volume of 830,687 shares. The stock ended the day 0.7% higher at $50.11. The share price has fallen 9.3% from its 52 week high with a 52 week trading range of 33.73 - 55.25. The company's shares are currently trading above their 200-day moving average. The stock's 50-day moving average of $50.00 is above its 200-day moving average of $46.24. Shares of Synaptics have fallen roughly 0.52 percent in the past month and are up 25.46 percent year-to-date.

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

Our Actionable Research on Paycom Software, Inc. (NYSE :PAYC) and Synaptics Incorporated (NASDAQ :SYNA) 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: RDInvesting.com