The latest news round up for trade-able items on the First Global Credit platform, covering:
- Activision Blizzard
- Dow Jones Industrial Average
- Pilgrim’s Pride
Activision Blizzard, Inc (NASDAQ:ATVI)
Sterne Agee CRT restated their buy rating on shares of Activision Blizzard in a research report released on Friday. Sterne Agee CRT currently has a $39.00 price target on the stock.
Activision Blizzard traded up 1.15% during trading on Friday, hitting $35.28. 6,129,791 shares of the company were exchanged. The stock has a market capitalization of $25.72 billion and a PE ratio of 27.74. Activision Blizzard has a 1-year low of $18.43 and a 1-year high of $35.44. The firm’s 50 day moving average price is $32.05 and its 200-day moving average price is $27.32.
Activision Blizzard (NASDAQ:ATVI) last announced its quarterly earnings data on Tuesday, August 4th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.05. During the same period in the previous year, the business earned $0.06 earnings per share. The company earned $759 million during the quarter, compared to analysts’ expectations of $666.28 million. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. Equities analysts predict that Activision Blizzard will post $1.34 EPS for the current year.
Amazon.com, Inc (NASDAQ:AMZN)
Amazon.com (NASDAQ:AMZN) had its target price lifted by Jefferies Group from $730.00 to $775.00 in a research note released on Friday morning. They currently have a buy rating on the e-commerce giant’s stock.
Shares of Amazon.com traded up 1.00% on Friday, hitting $617.10. 3,926,200 shares of the stock traded hands. The company has a market cap of $289.27 billion and a PE ratio of 884.10. The firm’s 50 day moving average is $542.45 and its 200-day moving average is $479.50. Amazon.com has a 12 month low of $285.25 and a 12 month high of $619.45.
Amazon.com last posted its quarterly earnings data on Thursday, October 22nd. The e-commerce giant reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.30. During the same quarter in the prior year, the business posted ($0.95) EPS. The company had revenue of $25.36 billion for the quarter, compared to analysts’ expectations of $24.91 billion. The company’s revenue for the quarter was up 23.2% compared to the same quarter last year. Equities analysts predict that Amazon.com will post $1.87 earnings per share for the current year.
Dow Jones Industrial Average
Bond yields rose and the dollar climbed against other currencies as traders anticipated that higher rates were on the way.
Federal Reserve policymakers decided to leave interest rates unchanged after a two-day meeting, but they also said they would consider raising rates at the last meeting of 2015 if the economy keeps improving.
The Dow Jones Industrial Average had been up 130 points just before the Fed released its policy statement, then briefly retreated into the red after the statement came out.
By late afternoon the Dow more than recovered, closing up 198.09 points, or 1.1%, at 17,779.52. The Standard & Poor’s 500 index gained 24.46 points, or 1.2%, to 2,090.35. The Nasdaq composite picked up 65.55 points, or 1.3%, to 5,095.69.
LinkedIn Corp (NYSE:LNKD)
LinkedIn Corp’s stock had its “buy” rating reaffirmed by equities research analysts at SunTrust in a research report issued on Wednesday.
Other equities research analysts also recently issued research reports about the stock. MKM Partners began coverage on shares of LinkedIn Corp in a research note on Tuesday, July 28th. They set a “buy” rating and a $285.00 price target on the stock. Cowen and Company restated a “buy” rating and set a $260.00 target price on shares of LinkedIn Corp in a research note on Monday, July 27th. Cantor Fitzgerald reiterated a “buy” rating and issued a $245.00 price target on shares of LinkedIn Corp in a research note on Monday, July 27th. Vetr upgraded shares of LinkedIn Corp from a “hold” rating to a “buy” rating and set a $245.26 target price on the stock in a report on Wednesday, July 22nd. Finally, Mizuho initiated coverage on shares of LinkedIn Corp in a report on Thursday, July 9th. They set a “buy” rating and a $240.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, thirty have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $256.41.
Oracle Corporation (NASDAQ:ORCL)
Oracle (NASDAQ:ORCL) was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Monday. They currently have a $41.60 price target on the enterprise software provider’s stock. Vetr‘s target price would suggest a potential upside of 7.00% from the stock’s current price.
Oracle has been the subject of a number of other research reports. William Blair restated a “hold” rating on shares of Oracle in a research report on Thursday, September 17th. Stifel Nicolaus decreased their target price on Oracle from $47.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, September 17th. Morgan Stanley restated an “overweight” rating and set a $50.00 price target on shares of Oracle in a report on Monday, June 29th. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $50.00 price objective on shares of Oracle in a research note on Thursday, September 17th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Oracle in a research note on Thursday, July 2nd. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-four have assigned a buy rating to the company. Oracle currently has an average rating of “Buy” and an average target price of $44.61.
Shares of Oracle traded up 1.41% on Monday, reaching $38.88. 14,020,019 shares of the company traded hands. The firm’s 50 day moving average is $37.21 and its 200 day moving average is $40.31. The company has a market capitalization of $165.97 billion and a P/E ratio of 18.23. Oracle has a one year low of $35.14 and a one year high of $46.71.
Pilgrim’s Pride Corporation (NASDQ:PPC)
Pilgrim’s Pride Corp.’s third-quarter profit fell sharply as the chicken producer reported lower sales, hurt by export restrictions following a bird-flu outbreak.
“Although we expect export markets to gradually reopen soon depending on the domestic (avian influenza) situation,” Chief Executive Bill Lovette said in a news release, “we continue to seek alternative and creative ways to reduce our dependencies on commodity products to produce more consistent margins by sharpening our focus on high growth markets.”
Mr. Lovette didn’t elaborate on the company’s plans.
Shares, down 41% this year, fell 6.1% to $18.20 in late trading.
The worst outbreak on record in the U.S., killing more than 48 million birds, has hurt demand and triggered import bans abroad.
The last case was reported in June, but companies and regulators are getting ready for a possible return of the virus.
Starbucks Corporation (NASDAQ:SBUX)
Starbucks Corporation (NASDAQ:SBUX) is scheduled to release its financials for the fourth quarter of fiscal year 2015 (4QFY15) after the closing bell on Thursday. The company’s shares have skyrocketed to their all-time high this year, sketching gains to the north of 55% so far this year. On the back of its continued push into the digital arena and efforts to improve brand equity, Starbucks is all set to report upbeat earnings for the quarter and end the fiscal year on a strong note.
As per estimates gathered by Bloomberg, the coffee giant is expected to report net income of $656.2 million, or $0.434 per share. This would imply an improvement of over 11.7% in adjusted net income and 17.3% in adjusted earnings per share, from the comparable quarter in the preceding year. Previously, the company reported net income of $521 million and earnings of $0.34 per share.
Revenue is expected to come in at $4.899 billion, representing a sizable increase of 17.2% from the preceding year, when the company posted revenue of $4.18 billion.