First Global Credit Stock News Roundup – 6th July

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

  • Acuity Brands
  • Amazon.com
  • Bitcoin
  • Gold
  • Google
  • Health Net
  • S&P 500

 

Acuity Brands (NYSE:AYI)

Oppenheimer maintains their rating on the shares of Acuity Brands Inc (NYSE:AYI). The current rating of the shares is Overweight. Equity Analysts at the Firm raises the price target to $220 per share from $190 per share.

For the current week, the company shares have a recommendation consensus of Buy. The company has received recommendation from many analysts. 8 analysts have rated the company as a strong buy. The shares has been rated as hold from 4 Wall Street Analysts. 3 analysts have suggested buy for the company.

For more go to: http://www.insidertradingreport.org/oppenheimer-recommendation-on-acuity-brands-inc-nyseayi/630635/

 

Amazon.com, inc (NASDAQ:AMZN)

Amazon.com, Inc. (NASDAQ:AMZN) has dropped 0.09% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 2.52% in the last 4 weeks. In the past week, the shares has outperformed the S&P 500 by 1.1% and the outperformance increases to 3.31% for the last 4 weeks.

The company shares have rallied 31.23% from its 1 Year high price. On Apr 24, 2015, the shares registered one year high at $452.65 and the one year low was seen on Oct 24, 2014. The 50-Day Moving Average price is $431.24 and the 200 Day Moving Average price is recorded at $379.10.

For more go to: http://www.otcoutlook.com/company-shares-of-amazon-com-inc-drops-by-0-09/640536/

 

Bitcoin

Bitcoin is benefitting from the market turmoil caused by the Greek debt crisis. Ever since Greece imposed capital controls on its citizens, the value of bitcoin, in US dollar terms, has been rising. And it’s up again today in Asian trading, by more than 5 per cent.

Bitcoin remains highly volatile and has fallen by more than 15 per cent against the USD this year.

Yet the recent uptick, coupled with exploding transaction volumes are two pieces of good news for its supporters, which now include Australian banks such as Westpac.

For more go to: http://www.afr.com/markets/equity-markets/greece-debt-crisis-bitcoin-benefits-from-market-turmoil-20150706-gi5zvf


Gold

Gold gave up early gains on Monday as a robust dollar outweighed safe-haven demand after Greeks rejected the terms of a bailout package in a referendum.

The failure to sustain the rally shows gold’s struggle amidst prospects of higher U.S. interest rates despite the uncertainty over Athens’ financial situation and its future in the euro zone, a situation that would typically garner safety bids for bullion.

Spot gold was flat at $1,167.50 an ounce by 0652 GMT, after earlier jumping by as much as 0.6 percent. U.S. gold climbed nearly 1 percent in its biggest daily gain in about two weeks to $1,174.40 before paring some gains to trade up 0.3 percent.

For more go to: http://www.reuters.com/article/2015/07/06/markets-precious-idUSL3N0ZM1OJ20150706

 

Google (NASDAQ:GOOG)

Google Inc. (NASDAQ:GOOG) has lost 1.56% during the past week and dropped 1.86% 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 0.39%. Google Inc. (NASDAQ:GOOG) has underperformed the index by 1.1% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

The company shares have dropped -9.86% from its 1 Year high price. On Jul 22, 2014, the shares registered one year high at $598.01 and the one year low was seen on Jan 12, 2015. The 50-Day Moving Average price is $533.63 and the 200 Day Moving Average price is recorded at $534.23.

For more go to: http://www.otcoutlook.com/company-shares-of-google-inc-drops-by-1-56/640598/


Health Net (NYSE:HNT)

Shares of Health Net Inc. (NYSE:HNT) rose by 12.23% in the past week and 18.01% for the last 4 weeks. In the past week, the shares has outperformed the S&P 500 by 13.57% and the outperformance increases to 18.92% for the last 4 weeks.

The company shares have rallied 66.83% from its 1 Year high price. On Jul 2, 2015, the shares registered one year high at $76.67 and the one year low was seen on Aug 5, 2014. The 50-Day Moving Average price is $62.42 and the 200 Day Moving Average price is recorded at $57.81.

For more go to: http://www.otcoutlook.com/company-shares-of-health-net-inc-rally-12-23/641217/

 

S&P 500

Greece’s “No” vote has sent stock prices falling, but not to worrying levels.

S&P 500 futures have dropped 1.2% at 9:28 p.m. today, while Dow Jones Industrial Average futures have fallen 1.2%. Nasdaq Composite futures have declined 1.3%.

“The muted reaction implies the market is not too worried about a Grexit,” said Jan von Gerich, chief strategist at Nordea Bank AB in Helsinki. “It is still early, and bigger moves may well surface in the near future, but I do not expect to see the start of another financial crisis. For now, the ECB can be happy that already the existence of support facilities seems to suffice.”

For more go to: http://www.bloomberg.com/news/articles/2015-07-05/euro-drops-as-greece-votes-no-to-austerity-demands-kiwi-falls

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