First Global Credit Stock News Roundup – 2nd November

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

  • Acuity Brands
  • Bitcoin
  • eBay
  • Gold
  • Intuit
  • LinkedIn
  • Netflix

 

Acuity Brands, Inc (NYSE:AYI)

Shares of Acuity Brands Inc rose by 4.59% in the past week and 22.69% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 4.38% and the outperformance increases to 15.13% for the last 4 weeks.

Acuity Brands, Inc. is up 8.86% in the last 3-month period. Year-to-Date the stock performance stands at 56.53%.The company shares have rallied 58.1% in the past 52 Weeks. On October 30, 2015 the shares registered one year high of $220.92 and one year low was seen on December 17, 2014 at $127.85. The 50-day moving average is $193.02 and the 200 day moving average is recorded at $188.09. S&P 500 has rallied 3.05% during the last 52-weeks.

For more go to: http://www.americantradejournal.com/company-shares-of-acuity-brands-inc-nyseayi-rally-4-59/6136372/

 

Bitcoin

After trading almost flat in the month of September, Bitcoin price surprised everyone with its steady move up North in October. It broke above the major resistance at 300 and rose from 235.01 (Daily low October 01) to 332.10 (at the time of writing).

Besides, it also touched a high of 334.67 on October 31, the highest for BTC/USD in 2015.

The pair is facing trend line resistance around $338 (trend line joining $298 and 317.99) and break above confirms further bullishness, a jump till $353/$380 is possible.

Short term trend is bullish as long as support $313 holds. On the downside any break below $313 will drag the pair further down till $300/$288.

Speaking of reasons for such a surge in BTC/USD, a number of positive news could have attributed to the rise in the pair – MasterCard investing in Digital Currency Group, EU court ruling that Bitcoin transactions are VAT exempt, launch of much awaited Gemini Bitcoin Exchange.

Bobby Lee, CEO of China-based bitcoin exchange BTCC, attributed bitcoin’s recent surge to a series of factors. He told CoinDesk, “I think this price rise is a combination of the recent increased usage … and also the recent good news in the industry, such as the no-VAT ruling in Europe, the end of the auctioning of Silk Road bitcoins, etc.”

For more go to: http://www.econotimes.com/BTC-USD-Reaches-New-Highs-In-October-110501

 

eBay Inc (NASDAQ:EBAY)

eBay Inc. has dropped 0.92% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 9.28% in the last 4 weeks. The shares have underperformed the S&P 500 by 1.12% during the past week but eBay Inc. has outperformed the index in 4 weeks by 2.56%.

eBay Inc. has dropped 1.52% during the last 3-month period . Year-to-Date the stock performance stands at 18.12%.The company shares have rallied 25.79% in the past 52 Weeks. On July 20, 2015 the shares registered one year high of $29.35 and one year low was seen on November 3, 2014 at $22.01. The 50-day moving average is $25.72 and the 200 day moving average is recorded at $26.02. S&P 500 has rallied 3.05% during the last 52-weeks.

For more go to: http://newswatchinternational.com/news/company-shares-of-ebay-inc-nasdaqebay-drops-by-0-92.html

 

Gold

Gold fell to its lowest level in four weeks on Monday, extending a sell-off into a fourth straight session as investors feared the Federal Reserve would hike US interest rates this year.

The technical picture for gold has deteriorated, with traders warning of further price drops. Physical demand and investor flows have also not supported the metal.

Spot gold had eased 0.2 per cent to $1,139.93 an ounce by 0348 GMT, after earlier dropping to $1,134.60, its lowest since Oct. 5.
Gold had rallied last month on speculation that the softness in the global economy could prompt the Fed to delay the rate hike to next year. But the US central bank’s hawkish tone last week triggered a sell-off in bullion.

Technical selling and liquidation of long positions were sending prices lower, according to HSBC analyst James Steel.

“Gold probably needs moderately better emerging market import demand if it is to sustain a rally. In the near term, the market also needs a respite from investor liquidations if prices are to stabilise,” Steel said.

For more go to: http://timesofindia.indiatimes.com/business/international-business/Gold-dips-to-4-week-low-on-US-rate-hike-fears/articleshow/49624747.cms

 

Intuit, Inc (NASDAQ:INTU)

Equities analysts predict that Intuit will report ($0.20) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Intuit’s earnings, with the lowest EPS estimate coming in at ($0.22) and the highest estimate coming in at ($0.18). Intuit posted earnings of ($0.23) per share during the same quarter last year, which suggests a positive year over year growth rate of 13%. The firm is scheduled to report its next earnings report after the market closes on Thursday, November 19th.

On average, analysts expect that Intuit will report full year earnings of $2.75 per share for the current financial year, with EPS estimates ranging from $2.70 to $2.82. For the next financial year, analysts forecast that the company will post earnings of $3.52 per share, with EPS estimates ranging from $3.45 to $3.66. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Intuit.

Intuit last announced its earnings results on Thursday, August 20th. The company reported ($0.05) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.06. The firm had revenue of $696 million for the quarter, compared to the consensus estimate of $736.12 million. During the same quarter last year, the business posted ($0.01) EPS.

For more go to: http://www.dakotafinancialnews.com/zacks-analysts-expect-intuit-to-post-0-20-earnings-per-share-nasdaqintu/590666/

  

LinkedIn Corp (NYSE:LNKD)

Shares of LinkedIn Corporation (NYSE:LNKD) rose by 14.49% in the past week and 27.3% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 14.26% and the outperformance increases to 19.47% for the last 4 weeks.

LinkedIn Corporation is up 22.21% in the last 3-month period. Year-to-Date the stock performance stands at 4.86%.The company shares have rallied 3.34% 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 24, 2015 at $165.57. The 50-day moving average is $198.76 and the 200 day moving average is recorded at $206.7. S&P 500 has rallied 3.05% during the last 52-weeks.

On Friday heightened volatility was witnessed in LinkedIn Corporation which led to swings in the share price. The shares opened for trading at $240.24 and hit $246.06 on the upside, eventually ending the session at $240.87, with a gain of 11% or 23.87 points. The heightened volatility saw the trading volume jump to 7,593,140 shares. The 52-week high of the share price is $276.18 and the company has a market cap of $31,575 million. The 52-week low of the share price is at $165.57.

For more go to: http://newswatchinternational.com/news/company-shares-of-linkedin-corporation-nyselnkd-rally-14-49.html

 

Netflix, Inc (NASDAQ:NFLX)

Shares of Netflix, Inc. rose by 8.34% in the past week and 2.14% for the last 4 weeks. The shares have outperformed the S&P 500 by 8.12% in the past week but underperformed the index by 4.15% in the last 4 weeks.

Netflix, Inc. has dropped 3.71% during the last 3-month period . Year-to-Date the stock performance stands at 122.08%.The company shares have rallied 95.32% in the past 52 Weeks. On August 5, 2015 The shares registered one year high of $129.29 and one year low was seen on December 17, 2014 at $45.08. The 50-day moving average is $103.61 and the 200 day moving average is recorded at $99.08. S&P 500 has rallied 3.05% during the last 52-weeks.

For more go to: http://newswatchinternational.com/news/company-shares-of-netflix-inc-nasdaqnflx-rally-8-34.html

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