First Global Credit Stock News Roundup – 2nd June

The latest news round up for trade-able items on the First Global Credit platform, covering:

  • Gold
  • Microsoft
  • Google
  • Qualcomm
  • Biogen, Inc.


Gold was little changed on Monday, giving up gains as the dollar rallied after the precious metal was initially buoyed by an unexpected stall in U.S. consumer spending and comments on interest rates from a Federal Reserve’s official.

Spot gold rose to a session high of $1,204.31 an ounce and was down 0.04 percent at $1,189.30 an ounce by 3:00 p.m. EDT (1900 GMT). It posted a second consecutive weekly fall last week, hitting a three-week low of $1,180.50 on Thursday.

U.S. gold futures for August delivery settled down $1.10 at $1,188.70 an ounce.

Investors were monitoring the Greek situation after Athens missed a self-imposed Sunday deadline for reaching an agreement with its lenders to unlock aid. Any worsening of the Greek debt crisis could potentially trigger demand for gold coins and bars. The metal is usually seen as a hedge against political and financial risk, although the impact on demand from wider political concerns is usually short lived.

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Tech stocks are about to break out in a big way, according to one top technician.

“The Nasdaq Composite has outperformed the broader market this year, outpacing the S&P 500 [Index],” technical analyst Rich Ross. The Nasdaq Composite has rallied more than 7 percent year-to-date, while the S&P 500 is up just under 3 percent in the same period.

Ross added that he expects to see an extension of the gains seen in the semiconductor space, which should help the overall index propel to new highs. The semiconductor ETF, the SMH, has rallied 11 percent on the year and is sitting at an all-time high.

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Microsoft (NASDAQ:MSFT)

Microsoft has declared another new Windows 10 test build for PCs with more feature tweaks and polish, heading towards its July 29th 2015 launch of the product. On the trading front, shares of Microsoft Corporation (NASDAQ:MSFT) jumped down -1.24% during the previous trading session as the company opened its session at $47.44.

With outstanding shares of 8089.58, its volume 36.01 Million was higher than average volume. The company held price to earnings ratio of 19.44.

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Google (NASDAQ: GOOG  ) (NASDAQ: GOOGL  ) recently unveiled Android M, the next version of its mobile operating system, at its eighth I/O developers conference in San Francisco. The OS is expected to launch in October to coincide with the release of the next Nexus device.

Here are 3 things Google, Inc investors should know about Android M:
Now on Tap expands Google Now cards into first- and third-party apps. By holding down the Home key, users can scan a current app and pull up cards by scanning the content. This is a clear response to Facebook‘s growth across third-party apps and sites with single sign-ons that tether users to its News Feed.

Chrome Custom Tabs: Google has struggled with the rise of native apps, which companies often create to deliver push notifications. The more mobile users rely on native apps, the less data Google can gather via its Chrome browser. Google introduced Chrome Custom Tabs, which will let developers use a Chrome overlay on an active app instead.

Fingerprint support and mobile payments: with Android M, Google will introduce native fingerprint scanning APIs that can be integrated into a wide variety of apps.

This means entering passwords on mobile apps and sites could become a thing of the past. But just like Now on Tap and Chrome Custom Tabs, fingerprint scanning APIs are also another way for Google to tighten its grip on apps that could be straying into Facebook’s ecosystem.

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Qualcomm Inc. QCOM (NASDAQ)

QUALCOMM, Inc. (NASDAQ:QCOM) has announced that it will lend support to Google Inc. (NASDAQ:GOOGL) to enable the latter’s Project Tango tech to be packaged into a smaller smartphone. The project is expected to be unveiled later this year, mostly likely during the third quarter of 2015.

Project Tango involves the usage of special sensors, which are then used to map a 3-D model of the space around the user. This requires extreme technological sophistication, where the hardware inside the smartphone will take over a quarter million 3-D measurements per second

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Biogen, Inc  (NASDAQ: BIIB )

Biogen, Inc has dropped 0.42% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 2.79% in the last 4 weeks. In the past week, the counter has outperformed the S&P 500 by 0.46% and the outperformance increases to 2.83% for the last 4 weeks.

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