First Global Credit Stock News Roundup – 12th October

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

  • Archers-Daniel-Midland
  • Eli Lilly
  • First Republic Bank
  • Gold
  • JetBlue Airways
  • LinkedIn
  • Red Hat
  • Twitter

 

Archer-Daniels-Midland Company (NYSE:ADM)

Shares of Archer-Daniels-Midland Company rose by 7.07% in the past week and 6.07% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 3.7% and the outperformance increases to 3.24% for the last 4 weeks.

Archer-Daniels-Midland Company rose 0.64% or 0.29 points on Friday and made its way into the gainers of the day. After trading began at $45.07 the stock was seen hitting $45.53 as a peak level and $45.03 as the lowest level. The stock ended up at $45.42. The daily volume was measured at 3,062,899 shares. The 52-week high of the share price is $53.91 and the 52-week low is $40.655. The company has a market cap of $27,658 million.

For more go to: http://www.americantradejournal.com/company-shares-of-archer-daniels-midland-company-nyseadm-rally-7-07/6123347/

 

Eli Lilly & Co (NYSE:LLY)

Oct 12 Eli Lilly and Co has expanded a tie-up up with China-based biopharmaceutical company Innovent Biologics Inc to develop cancer treatments for the fast-growing Chinese market, the two companies said in a joint statement on Monday.

The U.S. drugmaker, which first announced the tie-up earlier this year, said the two companies would work together to develop and commercialise up to three cancer treatments over the next decade for the Chinese and global markets.

Innovent could receive extra payments of up to $1 billion if the cancer products hit certain development, regulatory and sales targets, the statement said.

Eli Lilly and Company (NYSE:LLY) jumped 2.23 points or 2.66% on strong buying and was last priced at $86 per share.

For more go to: http://www.reuters.com/article/2015/10/12/eli-lilly-cancer-china-idUSL3N12C29Z20151012
http://www.moneyflowindex.org/shares-of-eli-lilly-and-company-nyselly-sees-large-outflow-of-money/3162975/

 

First Republic Bank (NYSE:FRC)

Shares of FIRST REPUBLIC BANK rose by 2.45% in the past week and 3.49% for the last 4 weeks. The shares have underperformed the S&P 500 by 0.78% during the past week but FIRST REPUBLIC BANK has outperformed the index in 4 weeks by 0.72%.

FIRST REPUBLIC BANK witnessed a decline in the market cap on Friday as its shares dropped 1.02% or 0.66 points. After the session commenced at $64.76, the stock reached the higher end at $65.19 while it hit a low of $63.88. With the volume soaring to 452,724 shares, the last trade was called at $64.08. The company has a 52-week high of $65.26. The company has a market cap of $8,847 million and there are 138,068,000 shares in outstanding. The 52-week low of the share price is $44.56.

First Republic Bank has dropped 0.02% during the last 3-month period. Year-to-Date the stock performance stands at 23.89%.

For more go to: http://newswatchinternational.com/news/company-shares-of-first-republic-bank-nysefrc-rally-2-45.html

 

Gold

Gold futures stepped higher early Monday, building on the prior week’s sizable gain that came amid bets for a further delay in U.S. interest-rate hikes.

Gold for December delivery GCZ5, +0.90% recently traded at $1,163.60 an ounce, up $7.70 or 0.7%.

Last week, gold gained about 1.7% and scored its highest settlement since Aug. 21.

The yellow metal could rise to test a trend-line level of $1,183 set by its long-term downtrend, said Bill McNamara, a technical analyst at Charles Stanley, in a note on Monday. It’s “not inconceivable that the price could run up to that level at some point during the next couple of weeks,” he wrote.

For more go to: http://www.marketwatch.com/story/gold-futures-rise-adding-to-last-weeks-solid-gain-2015-10-12

 

JetBlue Airways Corporation (NASDAQ:JBLU)

JetBlue Airways Corporation (NASDAQ:JBLU) has dropped 0.46% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 1.64% 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 3.6%. JetBlue Airways Corporation has underperformed the index by 1.08% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

JetBlue Airways Corporation rose 3.33% or 0.84 points on Friday and made its way into the gainers of the day. After trading began at $25.22 the stock was seen hitting $26.78 as a peak level and $25.22 as the lowest level. The stock ended up at $26.1. The daily volume was measured at 9,070,816 shares. The 52-week high of the share price is $27.36 and the 52-week low is $9.38. The company has a market cap of $8,232 million.

For more go to: http://www.americantradejournal.com/company-shares-of-jetblue-airways-corporation-nasdaqjblu-drops-by-0-46/6123667/

 

LinkedIn Corporation (NYSE:LNKD)

Shares of LinkedIn Corporation (NYSE:LNKD) rose by 3.38% in the past week and 0.01% for the last 4 weeks. The shares have outperformed the S&P 500 by 0.12% in the past week but underperformed the index by 2.67% in the last 4 weeks.

LinkedIn Corporation witnessed a decline in the market cap on Friday as its shares dropped 1.22% or 2.42 points. After the session commenced at $199.3, the stock reached the higher end at $199.9 while it hit a low of $194.5. With the volume soaring to 1,277,637 shares, the last trade was called at $195.61. The company has a 52-week high of $276.18. The company has a market cap of $22,438 million and there are 114,708,000 shares in outstanding. The 52-week low of the share price is $165.57.

For more go to: http://www.americantradejournal.com/company-shares-of-linkedin-corporation-nyselnkd-rally-3-38/6123222/

 

Red Hat Inc (NYSE:RHT)

Mizuho reaffirmed their buy rating on shares of Red Hat (NYSE:RHT) in a research report sent to investors on Friday. Mizuho currently has a $88.00 target price on the open-source software company’s stock.

Other analysts have also issued reports about the stock. Northland Capital Partners boosted their target price on shares of Red Hat from $85.00 to $92.00 in a report on Thursday, June 25th. Stifel Nicolaus boosted their price target on shares of Red Hat from $79.00 to $85.00 and gave the company a buy rating in a report on Friday, June 19th. Cantor Fitzgerald upped their price objective on shares of Red Hat to $90.00 and gave the company a buy rating in a research note on Thursday, June 18th. Needham & Company LLC boosted their target price on shares of Red Hat from $82.00 to $86.00 and gave the stock a buy rating in a research report on Friday, June 19th. Finally, upped their price objective on shares of Red Hat from $79.00 to $85.00 and gave the stock a buy rating in a report on Friday, June 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and twenty-six have issued a buy rating to the stock. Red Hat has a consensus rating of Buy and a consensus target price of $83.03.

For more go to: http://www.financialwisdomworks.com/red-hats-buy-rating-reaffirmed-at-mizuho-rht/75189/

 

Twitter Inc (NYSE:TWTR)

Twitter Inc has plans to lay off hundreds of staff company-wide next week, according to technology news website Re/code.

The news comes following the appointment of Jack Dorsey as permanent chief executive on Monday.

It is unclear how many staff will be laid off, but sources say it is likely it will affect most departments, Re/code reports. Twitter employs about 4,100 people in more than 35 offices globally, according to its website.

Twitter shares fell 3.1% to US $29.90 in extended trading on Friday following the news, with these losses coming on the back of slowing growth for the first since it went public in 2013.

The social media site is working to rekindle growth after its latest quarterly results in July revealed the largest monthly drop in average user growth since it went public in 2013.

Dorsey called that performance “unacceptable” at the time. Twitter’s layoffs come at the same time as it restructures its engineering business to make it more efficient, Re/code reported and it is likely that many of the people impacted by the layoffs will be engineers.

“We’re not commenting on rumor and speculation,” a Twitter spokeswoman told Reuters. At the close of trade Friday, Twitter’s shares had fallen 14% for the year.

For more go to: http://www.bignewsnetwork.com/news/237537411/twitter-to-lay-off-staff-across-the-us-as-site-faces-stagnating-growth

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