First Global Credit Stock News Roundup – 22nd June

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

  • Apple, Inc
  • Bitcoin
  • Facebook, Inc
  • Gold
  • Google
  • Microsoft Corporation
  • Starbucks Corporation
  • Twitter, Inc

 

Apple, Inc. (NASDAQ:AAPL)

Apple Inc has agreed to pay royalties to musicians during the free trial period of their new streaming service. The decision follows Taylor Swift’s open letter to Apple criticising their original decision not to pay royalties during the three-month free trial period.

Apple Music will debut with 30 million songs on June 30. After the free trial, the service will cost $9.99 a month per user or $14.99 per family, and Apple will begin paying musicians. The company had been aggressive in courting artists for the service and has argued they should be paid.

For more go to: http://www.bloomberg.com/news/articles/2015-06-22/taylor-swift-wins-battle-as-apple-backs-down-on-royalty-payments

 

Bitcoin

After spending considerable time in a contracting trading range, Bitcoin may well be on course to register another breakout. There is a significant probability that the breakout may be on the upside and lead to swift gains for the cryptocurrency.

Bitcoin is currently trading at $244.42.

Market participants should consider building long positions while placing a stop-loss below $240. The targets on the upside are $250, $255 and $260. Book partial profits when the price rises to these levels. In case, the pattern fails and $240 is cracked, liquidate all long positions and create fresh short positions for a target of $230.

For more go to: http://www.newsbtc.com/2015/06/22/bitcoin-price-technical-analysis-for-2262015-another-breakout/

 

Facebook (NASDAQ:FB)

Shares of Facebook, Inc. (NASDAQ:FB) rose by 1.2% in the past week and 2.45% for the last 4 weeks. In the past week, the shares has outperformed the S&P 500 by 0.44% and the outperformance increases to 3.23% for the last 4 weeks. For the current week, the company shares have a recommendation consensus of Buy.

The 52-week high of Facebook, Inc. is $86.0699 and the 52-week low is $62.21.

For more go to: http://newswatchinternational.com/news/company-shares-of-facebook-inc-rally-1-2.html

 

Gold

Gold held close to its highest in nearly four weeks on Monday after climbing last week on hopes a US interest rate hike may not come as soon as some had expected, but gains were curbed as investors waited for cues from talks on Greece’s debt crisis.
Spot gold was little changed at $1,198.86 an ounce by 0350 GMT, near the $1,205.50 hit last week, which was its highest since May 26.
For more go to: http://economictimes.indiatimes.com/markets/commodities/gold-holds-high-on-feds-rate-hike-prospects-greece-talks-cap-gains/articleshow/47765606.cms


Google (NASDAQ:GOOG)(NASDAQ:GOOGL)

The European Union has demanded sweeping changes to the way Google Inc. ranks rival comparison-shopping services in its general search results and warned that the company could be fined for alleged past violations of EU antitrust law, according to a formal charge sheet that was sent to the U.S. search giant in April
The charge sheet, which runs more than 100 pages, calls on Google to use the “same underlying processes and methods” when presenting rival shopping-comparison services on its search page, the people said.

For more go to: http://www.nasdaq.com/article/eu-demands-major-changes-to-googles-search-rankings-20150621-00073

 

Microsoft Corporation (NASDAQ:MSFT)

Shares of Microsoft Corporation (NASDAQ:MSFT) appreciated by 0.28% during the past week but lost 1.71% on a 4-week basis. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.47%. Microsoft Corporation (NASDAQ:MSFT) has underperformed the index by 0.96% in the last 4 weeks. Investors should watch out for further signals and trade with caution. Company shares have received an average consensus rating of Hold for the current week.

The 52-week high of Microsoft Corporation (NASDAQ:MSFT) is $50.045 and the 52-week low is $40.12.

For more go to: http://newswatchinternational.com/news/company-shares-of-microsoft-corporation-rally-0-28.html


Starbucks Corporation (NASDAQ:SBUX)

Shares of Starbucks Corporation (NASDAQ:SBUX) rose by 2.47% in the past week and 4.76% for the last 4 weeks. In the past week, the shares has outperformed the S&P 500 by 1.7% and the outperformance increases to 5.56% for the last 4 weeks. For the current week, the company shares have a recommendation consensus of Buy.

The 52-week high of Starbucks Corporation is $54.28 and the 52-week low is $35.385.

For more go to: http://newswatchinternational.com/news/company-shares-of-starbucks-corporation-rally-2-47.html

 

Twitter, inc (NYSE:TWTR)

Twitter, Inc. (NYSE:TWTR) has lost 0.11% during the past week and dropped 2.02% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.86%. Twitter, Inc. (NYSE:TWTR) has underperformed the index by 1.28% in the last 4 weeks. Investors should watch out for further signals and trade with caution. Company shares have received an average consensus rating of Hold for the current week.

On Friday heightened volatility was witnessed in Twitter, Inc. which led to swings in the share price. The shares opened for trading at $34.97 and hit $36.28 on the upside, eventually ending the session at $35.86, with a gain of 3.46% or 1.2 points. The heightened volatility saw the trading volume jump to 33,674,913 shares. The 52-week high of the share price is $55.99 and the company has a market cap of $23,480 million. The 52-week low of the share price is at $33.51.

For more go to: http://newswatchinternational.com/news/company-shares-of-twitter-inc-drops-by-0-11.html

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