First Global Credit Stock News Roundup – 11th June

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

  •, Inc
  • Bitcoin
  • Biogen Idec, Inc
  • Cisco Systems Inc
  • Darden Restaurants
  • Dow Jones Industrial Average
  • Gold
  • Salesforce Inc
  • Netflix, Inc. (NASDAQ:AMZN), Inc. (NASDAQ:AMZN) is taking a page out of the playbook of Apple Inc. (NASDAQ:AAPL) by using solar energy farms to go green.

The online retail giant announced Tuesday it’s helping the building and operation of a $150 million, 80 megawatt solar farm in the state of Virginia. It partnered with Community Energy Inc. It’s scheduled to be completed and in operation by Oct. 2016 in Accomack County on the state’s eastern shore.

Amazon has previously been criticized by environmental advocacy groups like Greenpeace. The organization claimed Apple Inc. (NASDAQ:AAPL) and International Business Machines Corp. (NYSE:IBM) had given more information on their energy consumption and aims.

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Bitcoin is trading relatively flat since yesterday as bulls and bears sweat it out to turn the battle in their favor.

Bitcoin is in the consolidation zone now as investors take stock of the situation. The sideways movement may continue for the next 24 hours as there are no foreseeable triggers. Remain patient and wait for convincing signals from the market, such as a breakout, to create fresh trading positions. Buy if the resistance is breached, and sell if the support is violated. Put in place strict loss checks to minimize the risks.

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Biogen Idec Inc (NASDAQ:BIIB)

Biogen and Samsung Bioepis Co., Ltd today announced that results from their anti-TNF biosimilar portfolio are being presented at the European League Against Rheumatism Annual Congress in Rome, June 10–13, 2015.

Biogen Inc. (BIIB), valued at $91.19B, opened this morning at $382.97. Today’s price range has been between $378.00 and $388.27 per share with a trailing 52-week range being $290.85 to $480.18. BIIB shares are currently priced at 22.87x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 2.06x earnings multiple for the same period.

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Cisco Systems Inc (NASDAQ:CSCO)

Shares of Cisco Systems rose by 2% to $28.81 in Wednesday’s afternoon trading session after the multinational technology company said that it is planning to sell $5 billion in bonds to boost its equity.

The maker of networking equipment intends to use proceeds for general corporate purposes, including the return of capital to shareholders through the repurchase of common stock and dividend payments.

Cisco will offer debt in five parts, with the longest maturity a $500 million 10-year note, yielding as much as 1.1% points more than comparable Treasuries, sources told Bloomberg.

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Darden Restaurants (NYSE:DRI)

Darden Restaurants stock had its “outperform” rating reissued by research analysts at Oppenheimer in a report released on Wednesday. They currently have a $75.00 price objective on the restaurant operator’s stock. Oppenheimer’s target price would indicate a potential upside of 15.37% from the stock’s previous close.

Shares of Darden Restaurants traded up 1.65% during mid-day trading on Wednesday, hitting $66.08. 272,993 shares of the company’s stock traded hands. Darden Restaurants has a 52 week low of $43.56 and a 52 week high of $70.38. The stock’s 50-day moving average is $64 and its 200-day moving average is $62. The company has a market cap of $8.31 billion and a P/E ratio of 12.55.

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Dow Jones Industrial Average

Signs of progress in negotiations over Greece’s debts helped launch a stock market rally, snapping a week-long slump.

All 30 stocks in the Dow Jones industrial average and all 10 industry groups in the S&P 500 index made gains. The Dow Jones industrial average rallied 236.36 points, or 1.3%, to 18,000.40, while the Nasdaq composite gained 62.82 points, or 1.3%, to 5,076.69.

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Gold futures moved up for a third straight session to settle at a one-week high on Wednesday, with investors opting for the safe haven appeal of the precious metal as the dollar trended lower against some major currencies and continued focus on the developments in Europe over Greece’s financial debt woes.

Gold for August delivery, the most actively traded contract, gained USD9.00 or 0.8% to settle at USD1,186.60 an ounce, on the Comex division of the New York Mercantile Exchange on Wednesday. Gold for August delivery scaled an intraday high of USD1,191.80 and a low of USD1,174.30 an ounce. On Tuesday, gold prices gained USD4.00 or 0.3%, to settle at USD1,177.60 an ounce, as the dollar trended lower and investors focused on the Greek financial debt woes with no resolution in the horizon.

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Salesforce inc (NYSE:CRM)

Salesforce insider Parker Harris sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $71.73, for a total value of $358,650.00. Following the sale, the insider now directly owns 22,812 shares in the company, valued at approximately $1,636,304.76. The transaction was disclosed in a document filed with the SEC.

Shares of, inc. traded up 1.69% during mid-day trading on Wednesday, hitting $72.97. 1,085,841 shares of the company’s stock traded hands., inc. has a one year low of $51.04 and a one year high of $78.46. The stock’s 50-day moving average is $71. and its 200-day moving average is $64.. The company’s market cap is $47.87 billion.

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Netflix Inc. rose after investors approved a proposal that paves the way for a stock split, and a deal was announced offering the video service in Marriott Hotels.

Netflix, the largest online subscription video service, rose 3.7 percent to a record close of $671.10 in New York. The stock, the top 2015 gainer in the Standard & Poor’s 500 Index, has almost doubled this year, giving the Los Gatos, California- based company a market value exceeding $40 billion.

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