First Global Credit Stock News Roundup – 5th November

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

  • Amazon.com
  • Apple
  • Bitcoin
  • Facebook
  • Macquarie Infrastructure Company
  • Proofpoint
  • Tesla Motors

 

Amazon.com, Inc (NASDAQ:AMZN)

Amazon.com was downgraded by equities research analysts at Vetr from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday. They currently have a $609.82 target price on the e-commerce giant’s stock. Vetr‘s target price would indicate a potential downside of 4.86% from the stock’s current price.

In other Amazon.com news, Director Patricia Q. Stonesifer sold 6,250 shares of Amazon.com stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of $505.13, for a total value of $3,157,062.50. Following the completion of the transaction, the director now directly owns 32,803 shares in the company, valued at $16,569,779.39. Also, Director Thomas O. Ryder sold 4,000 shares of Amazon.com stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $534.27, for a total value of $2,137,080.00.

Several other brokerages also recently weighed in on Amazon.com. Wedbush reaffirmed a “buy” rating and set a $700.00 target price (up previously from $575.00) on shares of Amazon.com in a report on Friday, July 24th. Oppenheimer reiterated a “buy” rating and set a $745.00 price target on shares of Amazon.com in a research report on Friday, October 23rd. Credit Suisse restated a “buy” rating on shares of Amazon.com in a research report on Saturday, July 25th. Deutsche Bank reaffirmed a “buy” rating and issued a $800.00 price target (up from $725.00) on shares of Amazon.com in a research note on Tuesday. Finally, SunTrust reissued a “hold” rating on shares of Amazon.com in a research note on Saturday, July 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and thirty-six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $672.07.

For more go to: http://www.intercooleronline.com/stocks/amazon-com-cut-to-sell-at-vetr-inc-amzn/231852/

 

Apple, Inc (NASDAQ:AAPL)

Apple Inc. (NASDAQ:AAPL) stock was up about 3.5% on Wednesday, a somewhat anticipated number that fits the company’s overall impressive earnings report for the fourth quarter of the fiscal year.

However, many believe that the stock is severely undervalued. In fact, Money Morning Capital Wave strategist, Shah Gilani, said on the FOX Business program “Varney & Co.” this morning: “This stock is absolutely undervalued. They’re going to buy more shares, they’ve got so much cash. This stock is going to continue to grow.”

APPL stock is indeed surprisingly cheap currently. To get a better understanding of how cheap it actually is, you can compare its price-earnings ratio to that of its major rivals, Microsoft and Alphabet, where the first one’s P/E is 35.44 and the latter’s one is 30, while Apple’s P/E is just 13.63.

APPL stock is indeed surprisingly cheap currently. To get a better understanding of how cheap it actually is, you can compare its price-earnings ratio to that of its major rivals, Microsoft and Alphabet, where the first one’s P/E is 35.44 and the latter’s one is 30, while Apple’s P/E is just 13.63.

For more go to: http://www.technologynewsextra.com/apple-nasdaq-aapl-undervalued-stock-explained/2651.html

 

Bitcoin

Bitcoin price finally made the much-needed correction from its stellar rally, retreating upon hitting the $500 area.

Bitcoin price might be ready to resume its climb from here, potentially heading back up to the previous highs and beyond. Technical indicators are suggesting that the bull run could carry on, with the 100 SMA safely above the longer-term 200 SMA. In addition, the short-term moving average successfully held as a dynamic support level, as bitcoin price promptly bounced after testing it as well.

Stochastic is on the move up, confirming that buyers are taking control of bitcoin price action and have enough energy to push for gains once more. Similarly, RSI is also heading out of the oversold area and might be on its way north as well.

The large correction may have been partly spurred by the sharp U.S. dollar rally during yesterday’s New York trading session, as Fed Chairperson Janet Yellen confirmed that a December interest rate hike is on the table. This led to expectations of higher returns for U.S. securities and thereby higher demand, along with a risk-off market environment on speculations of increased borrowing costs weighing on spending and inflation.

For more go to: http://www.newsbtc.com/2015/11/05/bitcoin-price-technical-analysis-correction-500-called/

 

Facebook, Inc (NASDAQ:FB)

Facebook Inc posted surprisingly strong profit and revenue growth as the world’s largest social network grew even larger, with a spike in mobile users and advertising that lifted its stock to an all-time high.

The company on Wednesday reported audience numbers that suggest it is poised to take on mainstream media as an advertising force, helping investors to overlook Facebook’s huge spending on hiring and building data centers.

Facebook now has 8 billion video views per day from 500 million people, compared with 4 billion views in April.

And Facebook’s website and Instagram photo-sharing app, which opened up its platform to all advertisers in the third quarter, account for more than 1 in 5 minutes spent on mobile devices in the United States, Chief Operating Officer Sheryl Sandberg said.

The stock rose about 5 percent to an all-time high of $109.34 in extended trading, before paring gains to about 4 percent. It closed earlier at $103.94.

Total revenue jumped to $4.50 billion in the third quarter, from $3.20 billion a year earlier. Analysts had expected revenue of $4.37 billion, according to Thomson Reuters I/B/E/S.

For more go to: http://www.huffingtonpost.com/entry/facebook-profit-soars-stock-hits-all-time-high_563aa419e4b0307f2cac117a

 

Macquarie Infrastructure Company (NYSE:MIC)

Macquarie Infrastructure Company Common Stock had declared a cash dividend of $1.1300 on Nov 4, 2015. The shares will quote ex-dividend on Nov 11, 2015 and the record date has been fixed on Nov 13, 2015. At Nov 4, 2015 share price, the yield comes out to be 5.6408%. The dividend payable date has been fixed on Nov 18, 2015.

The company shares have rallied 11.09% from its 1 Year high price. On Jun 23, 2015, the shares registered one year high at $87.88 and the one year low was seen on Dec 16, 2014. The 50-Day Moving Average price is $78.22 and the 200 Day Moving Average price is recorded at $81.36. Currently the company Insiders own 9.2% of Macquarie Infrastructure Company shares according to the proxy statements. Institutional Investors own 87.54% of Macquarie Infrastructure Company shares. During last six month period, the net percent change held by insiders has seen a change of -27.6%. Macquarie Infrastructure Corporation is up 0.75% in the last 3-month period. Year-to-Date the stock performance stands at 17.33%.

For more go to: http://newswatchinternational.com/news/macquarie-infrastructure-company-common-stock-nysemic-declares-dividend-of-1-1300-2.html

 

Proofpoint, Inc (NASDAQ:PFPT)

The stock of Proofpoint Inc hit a new 52-week high and has $99.39 target or 38.00% above today’s $72.02 share price. The 5 months bullish chart indicates low risk for the $2.89 billion company. The 1-year high was reported on Nov, 4 by Barchart.com. If the $99.39 price target is reached, the company will be worth $1.10B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock is up 1.68% or $1.19 after the news, hitting $72.02 per share. About 321,408 shares traded hands. Proofpoint Inc has risen 22.69% since April 1, 2015 and is uptrending. It has outperformed by 20.26% the S&P500.

Out of 9 analysts covering Proofpoint Inc, 7 rate it “Buy”, 1 “Sell”, while 1 “Hold”. This means 78% are positive. Proofpoint Inc was the topic in 18 analyst reports since July 24, 2015 according to StockzIntelligence Inc.

For more go to: http://www.financialmagazin.com/proofpoint-inc-stock-price-hits-52-week-high-today/

 

Tesla Motors, Inc (NASDAQ:TSLA)

Tesla Motors was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Wednesday. They presently have a $242.94 target price on the electric vehicle producer’s stock. Vetr‘s price objective would indicate a potential upside of 4.88% from the stock’s previous close.

Shares of Tesla Motors traded up 11.17% during trading on Wednesday, reaching $231.63. The company’s stock had a trading volume of 12,726,366 shares. The company’s market cap is $29.45 billion. The company has a 50 day moving average of $232.56 and a 200 day moving average of $245.28. Tesla Motors has a 12-month low of $181.40 and a 12-month high of $286.65.

Tesla Motors last issued its quarterly earnings data on Tuesday, November 3rd. The electric vehicle producer reported ($0.58) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by $0.08. The business earned $963.80 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Tesla Motors’s revenue was up 33.4% compared to the same quarter last year. On average, analysts anticipate that Tesla Motors will post ($0.87) EPS for the current fiscal year.

For more go to: http://www.dakotafinancialnews.com/vetr-inc-lowers-tesla-motors-to-buy-tsla/613448/

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