First Global Credit Stock News Roundup – 24th August

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

  • 3M Co
  • Bitcoin
  • Cisco Systems
  • eBay
  • Google
  • LinkedIn
  • NASDAQ Composite
  • St. Joe Company

 

3M Company (NYSE:MMM)

3M Company (NYSE:MMM) has lost 4.17% during the past week and dropped 4.85% in the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 1.69% and the outperformance increases to 0.4% for the last 4 weeks.

Company shares have received an average consensus rating of Hold for the current week 3M Company (NYSE:MMM) witnessed a decline in the market cap on Friday as its shares dropped 0.88% or 1.26 points. After the session commenced at $143.52, the stock reached the higher end at $145.32 while it hit a low of $141.92. With the volume soaring to 5,442,026 shares, the last trade was called at $142.09. The company has a 52-week high of $170.5. The company has a market cap of $88,770 million and there are 624,745,000 shares in outstanding. The 52-week low of the share price is $130.6.

For more go to: http://newswatchinternational.com/news/shares-of-3m-company-nysemmm-drops-by-4-17.html

 

Bitcoin

The perception about bitcoin is undergoing a major change since the digital currency first made headlines for all the wrong reasons. Now more and more financial institutions are acknowledging the potential of bitcoin and blockchain technology to revolutionise the financial sector.

With the announcement of its ‘blockchain innovation lab’ earlier this year, UBS created quite a stir in the financial tech sector.

The bank has set up a “small, agile team” that includes developers, business analysts and project managers inside Europe’s largest FinTech accelerator, Level 39, who will work out if a business model could be enhanced or redefined by blockchain technology and whether its benefits outweigh potential costs.

For more go to: http://www.econotimes.com/UBS-Alex-Batlin-speaks-on-Blockchain-Tech-79199

 

Cisco Systems, Inc (NASDAQ:CSCO)

Cisco Systems, Inc. jumped 0.13 points or 0.48% on strong buying and was last priced at $27.17 per share. The shares saw huge fund flow intraday; a massive $58.08 million made their way in through the upticks but an even bigger $109.2 million made their way out through downticks.

Many analysts have commented on the company rating. Equity Analysts at the Brokerage Firm, Morgan Stanley, downgrades their rating on the shares of Cisco Systems, Inc. Morgan Stanley has an Equal-weight rating on the shares. Previously, the analysts had an Overweight rating on the shares. As per the latest report, the brokerage house maintains the price target to $30 per share. The rating by the firm was issued on August 17, 2015.

The company shares have rallied 7.17% in the past 52 Weeks. On March 2, 2015 the shares registered one year high of $30.31 and one year low was seen on October 15, 2014 at $22.49. The 50-day moving average is $27.98 and the 200 day moving average is recorded at $28.43. S&P 500 has rallied 1.35% during the last 52-weeks.

For more go to: http://www.moneyflowindex.org/large-outflow-of-money-witnessed-in-cisco-systems-inc-5/3112485/

 

eBay, Inc (NASDAQ:EBAY)

eBay was upgraded by research analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued on Thursday.

Shares of eBay traded down 2.83% during trading on Thursday, hitting $25.77. The stock had a trading volume of 19,527,744 shares. The company has a market capitalization of $31.39 billion and a P/E ratio of 13.32. The firm has a 50-day moving average of $27.67 and a 200 day moving average of $25.44. eBay has a 1-year low of $19.50 and a 1-year high of $29.35.

Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and fifteen have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $64.54.

For more go to: http://www.watchlistnews.com/ebay-raised-to-buy-at-vetr-inc-ebay/205454/

 

Google (NASDAQ:GOOG)

Google Inc. has lost 6.79% during the past week and dropped 1.78% in the last 4 weeks. The shares have underperformed the S&P 500 by 1.09% during the past week but Google Inc. has outperformed the index in 4 weeks by 3.64%.

For this week, the average consensus of the company shares are rated as a Strong Buy. Google Inc. witnessed a decline in the market cap on Friday as its shares dropped 5.31% or 34.35 points. After the session commenced at $639.78, the stock reached the higher end at $640.05 while it hit a low of $612.33. With the volume soaring to 4,265,183 shares, the last trade was called at $612.48. The company has a 52-week high of $678.64. The company has a market cap of $210,650 million and there are 343,929,000 shares in outstanding. The 52-week low of the share price is $487.56.

For more go to: http://newswatchinternational.com/news/shares-of-google-inc-nasdaqgoog-drops-by-6-79.html

 

LinkedIn Corporation (NYSE:LNKD)

LinkedIn Corporation had a volatile session and gained 0.26 points till last call. The price was at $180.83, gaining 0.14% till the last intraday data. The total uptick value was $98.18 million while the total downtick value was $106.03 million. The shares saw a net money flow of $(-7.86) million and the up/down ratio stood at 0.93. The stock has seen a change of -4.62% for the week.

Many analysts have commented on the company rating. Major Brokerage house, Forward View reiterates its ratings on LinkedIn Corporation (NYSE:LNKD). In the latest research report, Forward View lowers the target price from $216 per share to $210 per share on the shares. According to the information available, the shares are now rated Speculative Buy by the analysts at the agency.

The company shares have dropped 19.32% in the past 52 Weeks. On February 26, 2015 the shares registered one year high of $276.18 and one year low was seen on August 21, 2015 at $175.6. The 50-day moving average is $206.24 and the 200 day moving average is recorded at $229.61. S&P 500 has rallied 1.35% during the last 52-weeks.

For more go to: http://www.moneyflowindex.org/large-outflow-of-money-witnessed-in-linkedin-corporation-5/3112392/

 

NASDAQ Composite

For a while last week it appeared tech stocks might escape relatively unscathed, even as the broader market headed down. But Friday’s 3.5% loss for the Nasdaq composite index put the leading technology exchange into the red for the year, down 0.6%.

If stocks continue sliding this week, that could put a drag on investments in technology companies, which have been strong this year. Acquisitions could pick up as initial public offerings slow.

The coming weeks should help determine whether the outlook is as bleak as some fear for start-ups, venture capitalists and tech stock investors.

For more go to: http://www.latimes.com/business/la-fi-tech-stocks-20150824-story.html

 

St. Joe Company (NYSE:JOE)

St. Joe Company (The) (NYSE:JOE) has dropped 2.76% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 5.04% in the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 3.19% and the outperformance increases to 10.83% for the last 4 weeks.

For the current week, the company shares have a recommendation consensus of Buy. St. Joe Company (The) (NYSE:JOE) witnessed a decline in the market cap on Friday as its shares dropped 0.41% or 0.07 points. After the session commenced at $16.73, the stock reached the higher end at $17.08 while it hit a low of $16.64. With the volume soaring to 437,580 shares, the last trade was called at $16.89. The company has a 52-week high of $22.44. The company has a market cap of $1,555 million and there are 92,056,000 shares in outstanding. The 52-week low of the share price is $14.94.

The St. Joe Company is up 9.68% in the last 3-month period. Year-to-Date the stock performance stands at -8.16%. The company shares have dropped 20.18% in the past 52 Weeks. On September 8, 2014 The shares registered one year high of $22.44 and one year low was seen on May 26, 2015 at $14.94. The 50-day moving average is $16.54 and the 200 day moving average is recorded at $16.86. S&P 500 has rallied 1.35% during the last 52-weeks.

For more go to: http://www.otcoutlook.com/shares-of-st-joe-company-the-nysejoe-drops-by-2-76/668629/

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