The latest news round up for trade-able items on the First Global Credit platform, covering:
- S&P 500
- United Technologies Corporation
Bitcoin value is holding price above support near $275 and attempts to sell price down have been foiled by strong buying support.
Bitcoin price is holding above support and may consolidate between $280 and $320 before advancing. The market may opt for additional decline, yet Bitcoin traders and investors have nothing to lose from downside continuation. The only potential loss, is if traders anticipate an advance from current levels and buy into it before we have confirmation that decline is ruled out.
For more go to: https://www.cryptocoinsnews.com/bitcoin-value-holding-price-support/
Gold prices continued falling Monday, briefly hitting a more than a five-year low in Asian trade, after China indicated its gold reserves were at half the level expected.
The yellow metal has lifted up from its worst levels of the day, but still was firmly in the red.
August gold futures were last down $16.60, or 1.5%, to $1,115.30 an ounce, after briefly trading around $1,080 an ounce — a level last seen in early 2010.
Google, Inc (NASDAQ:GOOG) (NASDAQ:GOOGL)
Google’s strong quarterly results, which supported a massive 16.3% surge in its shares on Friday, has buoyed investor confidence in tech stocks ahead of next week’s tech-heavy slate of earnings reports.
Numerous tech companies will release second quarter earnings next week, among them International Business Machines, Microsoft Corp and Apple, all of which are expected to show growth.
Wall Street expects earnings of the SP technology sector to grow by 2.7% for the second quarter.
For more go to: http://www.bignewsnetwork.com/index.php/sid/234928507
Netflix, inc (NASDAQ:NFLX)
Netflix’s rapid growth continues. Revenue in the three months ended in June rose to $1.65 billion, yielding profit of 6 cents per share.
Analysts on average had expected a profit of 4 cents per share on revenue of $1.65 billion, according to Thomson Reuters I/B/E/S.
During the quarter, Netflix added 3.3 million subscribers including 0.9 million in the United States and 2.4 million internationally. “Netflix’s continued investment in content, in distribution, in partner marketing, and in its user interface are paying off in member growth and operating leverage”.
European stocks are firmer and US index futures hover near record highs, but gold is sliding to a five-year low, leading a rout in precious metals, as expectations of higher US interest rates drive demand for the dollar.
The firmer greenback is also suppressing industrial commodities and forcing some emerging market currencies to multi-year troughs.
The FTSE Eurofirst 300 is starting the week with a 0.6 per cent advance after a subdued Asia session where Tokyo was shut for a holiday. US futures contracts indicate the S&P 500 will add 2 points to 2,129.
That would leave the Wall Street benchmark just two points shy of a new closing record, helped of late by an easing of Greek debt crisis tensions, calmer conditions in the Chinese stock market, and a generally well-received US second quarter earnings season.
Twitter, Inc (NYSE:TWTR)
Twitter, Inc. traded negative at $35.67. On an intraday basis, the price dropped -0.43 points or -1.19%. The composite uptick value was $99.88 million while the combined downtick value was $89.35. The net money flow was $10.54 million while the up/down ratio was not very comforting at 1.12.
Twitter, Inc. has dropped 29.59% during the last 3-month period. Year-to-Date the stock performance stands at -0.56%. Shares of Twitter, Inc. appreciated by 2.18% during the past week but lost 0.53% 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 0.23%. Twitter, Inc. (NYSE:TWTR) has underperformed the index by 1.31% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
United Technologies Corporation (NYSE:UTX)
Lockheed Martin Corp has agreed to buy United Technologies Corp’s Sikorsky Aircraft for over $8 billion, two sources said on Sunday, cementing a deal that would confirm Lockheed’s dominance in weapons making and giving the Black Hawk helicopter to the maker of the F-35 fighter jet.
The two companies plan to announce the deal on Monday before both report second-quarter results on Tuesday, said the sources, who were not authorized to speak publicly.
Yahoo, Inc (NASDAQ:YHOO)
Shares of Yahoo! Inc. (NASDAQ:YHOO) appreciated by 4.64% during the past week but lost 2.05% on a 4-week basis. The shares have outperformed the S&P 500 by 2.18% in the past week but underperformed the index by 2.82% in the last 4 weeks. Yahoo! Inc. has dropped 10.73% during the last 3-month period . Year-to-Date the stock performance stands at -21.44%.
The company shares have rallied 19.23% from its 1 Year high price. On Nov 18, 2014, the shares registered one year high at $52.62 and the one year low was seen on Jul 21, 2014. The 50-Day Moving Average price is $40.38 and the 200 Day Moving Average price is recorded at $43.69.