First Global Credit Stock News Roundup – 4th June

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

  • Bitcoin
  •, Inc
  • Gold
  • Google
  • LinkedIn Corp
  • Netflix



The New York Department of Financial Services has released the long-awaited BitLicense, a 44-page document which amounts to a framework for “virtual currency” businesses to operate in the State of New York.

Regulation has long been a major issue in the digital currency world and New York Department of Financial Services director Ben Lawsky has been a leading figure in the charge to regulate Bitcoin. Firms dealing in bitcoin will now need a special compliance officer to make sure the new rules are adhered to.

The rules only apply to businesses operating within New York state. But these firms can have customers from all over the US except from states that object to the use of digital currencies.

For more go to, inc (NASDAQ:AMZN)

Piper Jaffray has raised the target price on Amazon from $475 to $520 and reiterated an Overweight rating saying the e-commerce giant has bright growth prospects.

Although many investors say the e-commerce titan has reached its peak and other market entrants will soon chip away its market share, Piper Jaffray’s Gene Munster thinks differently. He believes the company still has the September quarter to show an expansion in its profit margins, which could drive the stock higher.

For more go to



Gold eased on Thursday after robust economic data fuelled speculation a U.S. rate hike may come sooner rather than later and on cautious hopes for a resolution to the Greek debt crisis, though the euro’s surge underpinned prices.

Spot gold was down 0.2 percent at $1,183.00 an ounce at 0932 GMT, while U.S. gold futures for June delivery were down $2.20 an ounce at $1,182.70.

Gold is down nearly 2 percent this year in anticipation of the first U.S. interest rate rise in nearly a decade. Rising rates lift the opportunity cost of holding non-yielding bullion, while boosting the dollar, in which it is priced. Safe-haven support for gold from the Greek debt crisis also weakened on signs that Athens could be inching closer to a deal with its creditors.

For more go to



Google (NASDAQ: GOOG  ) (NASDAQ: GOOGL  ) share gap is hitting new highs. It’s been roughly two months since the one-year anniversary of Google’s share split into two trading classes. With the anniversary now past, a huge gap is starting to open when it comes to Google’s two share classes.

Since Class A is the only trading class that contain voting rights, those shares have traded at a premium since the split. In the past year, Class A shares have increased by 6.641 million, or about 2.36%. On the other hand, Class C shares have increased by 4.421 million, or 1.31%. This is important because despite this extra dilution, investors have shown that they are willing to pay for the voting rights of Class A, and that premium has increased substantially.

For more go to:

LinkedIn Corp (NYSE:LNKD)

Despite the stock price plunge following its revised earnings before interest, taxes, depreciation and amortization (EBITDA) and earnings-per-share (EPS) forecasts for the balance of 2015, LinkedIn (NYSE: LNKD  ) is on a bit of a roll lately. Option traders are betting big the sell-off following Q1 results was overdone, and several analysts have recently upped LinkedIn’s share price target — great news for shareholders.

For more go to:


Netflix (NASDAQ: NFLX )

Netflix (NASDAQ:NFLX) was the target of a significant decline in short interest during the month of May. As of May 15th, there was short interest totalling 4,660,213 shares, a decline of 23.7% from the April 30th total of 6,111,281 shares.

Several analysts have recently commented on the stock. Analysts at Cowen and Company raised their price target on shares of Netflix from $625.00 to $760.00 and gave the company an “outperform” rating in a research note on Tuesday, May 26th. Analysts at RBC Capital raised their price target on shares of Netflix from $600.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, May 22nd.

For more go to:


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