First Global Credit Stock News Roundup – 2nd December

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

  • Amazon.com
  • Boeing
  • eBay
  • Gold
  • JetBlue Airways
  • NVIDIA
  • Qorvo
  • Yahoo

 

Amazon.com, Inc (NASDAQ:AMZN)

Research firm Zacks has rated Amazon.com, Inc. and has ranked it at 2, indicating that for the short term the shares are a buy. 28 Wall Street analysts have given the company an average rating of 1.43. The shares have received a hold rating based on the suggestion from 5 analysts in latest recommendations. Strong buy was given by 21 Wall Street Analysts. The company had a buy rating from 2 analysts.

Many analysts have commented on the company rating. Equity Analysts at the Axiom maintains the rating on Amazon.com, Inc. The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $650 per share to $727 per share. The rating by the firm was issued on October 27, 2015.

The mean short term price target for Amazon.com, Inc. has been established at $708 per share. The higher price target estimate is at $800 and the lower price target estimate is expected at $525 according to 24 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $79.65

For more go to: http://www.moneyflowindex.org/analyst-rating-update-on-amazon-com-inc-nasdaqamzn/3200894/

 

Boeing Co (NYSE:BA)

Boeing Co (NYSE:BA) has been given an “A” credit rating by Morningstar. The investment research firm’s “A” rating indicates that the company is a low default risk. They also gave their stock a three star rating.

A number of other equities research analysts also recently commented on BA. Deutsche Bank reiterated a “buy” rating and set a $175.00 price target on shares of Boeing in a research note on Monday, August 10th. Cowen and Company restated a “positive” rating and issued a $175.00 target price on shares of Boeing in a research note on Monday, August 17th. They noted that the move was a valuation call. Standpoint Research assumed coverage on shares of Boeing in a research note on Wednesday, August 26th. They issued a “buy” rating and a $160.00 price objective for the company. RBC Capital dropped their target price on shares of Boeing from $159.00 to $145.00 and set a “sector perform” rating for the company in a report on Thursday, September 3rd. Finally, Sanford C. Bernstein reiterated an “outperform” rating and set a $196.00 price target on shares of Boeing in a report on Tuesday, September 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $167.84.

For more go to: http://www.intercooleronline.com/stocks/boeing-co-ba-earns-a-credit-rating/275287/

  

eBay, Inc (NASDAQ:EBAY)

eBay Inc. has received a short term rating of buy from research analysts at Zacks with a rank of 2. The company has been rated an average of 2.54 by 24 Wall Street Analysts. 6 analysts have added the shares in their list of strong buys. 17 broker firms have advised hold. A sell call was initiated by 1 analysts.

Many analysts have commented on the company rating. Cantor Fitzgerald downgrades their rating on the shares of eBay Inc. The current rating of the shares is Hold. Earlier, the shares were rated a Buy by the brokerage firm. Equity Analysts at the Firm announces the price target to $27 per share. The rating by the firm was issued on September 10, 2015.

According to 19 Analysts, The short term target price has been estimated at $ 29.4.The target price could deviate by a maximum of $2.32 from the forecast price. In the near term, the target price could hit a high of $34 and a low of $ 27.

For more go to: http://www.moneyflowindex.org/analyst-rating-update-on-ebay-inc-nasdaqebay/3200699/

 

Gold

Gold retreated on Wednesday, snapping two days of gains, as the dollar rose against the euro ahead of expected further stimulus from the European Central Bank on Thursday, and U.S. payrolls data later in the week.

Prices hit near six-year lows last week, weighed down by expectations that the Federal Reserve will hike interest rates for the first time in nearly a decade this month, even as the ECB eases policy further.

The Fed has tied the timing of its rate hiking cycle to the strength of U.S. data, making this week’s payrolls report particularly important. Rising rates would lift the opportunity cost of holding non-yielding gold, while boosting the dollar.

Spot gold was down 0.3 percent at $1,066.70 an ounce at 1021 GMT. Last week it slid to its lowest since February 2010 at $1,052.46.

“There was some repositioning from the lows which coincided with month-end on Monday, and a bit of a bounce higher yesterday,” Mitsubishi analyst Jonathan Butler said. “Now we appear to have paused around the $1,070 level.”

“Essentially the ECB and Friday’s non-farm payrolls look quite negative for precious metals, given the likelihood of further strengthening of the dollar on the back of potential quantitative easing in the euro zone, and further U.S. jobs growth,” he said. “But as always, precious could jump higher if those expectations are disappointed.”

The euro fell on Wednesday to hold just above a 7-1/2-month low against the dollar as long-term investors raised their bets against the single currency before Thursday’s ECB meeting, where markets are expecting fresh stimulus measures.

For more go to: https://uk.finance.yahoo.com/news/gold-inches-higher-short-covering-004927472.html

 

JetBlue Airways Co (NASDAQ:JBLU)

Shares of JetBlue Airways Co. (NASDAQ:JBLU) have been assigned an average rating of “Buy” from the twenty-one research firms that are presently covering the stock. Eleven investment analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $28.58.

Several equities analysts recently issued reports on the company. Raymond James dropped their target price on JetBlue Airways from $30.00 to $29.00 in a research report on Monday. Morgan Stanley reissued an “equal weight” rating and set a $29.00 price target on shares of JetBlue Airways in a research note on Monday, October 12th. Credit Suisse lowered JetBlue Airways from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $32.00 to $28.00 in a research note on Wednesday, October 28th. Evercore ISI lowered JetBlue Airways to a “hold” rating in a research note on Tuesday, October 13th. Finally, Argus upped their price objective on JetBlue Airways from $25.00 to $29.00 and gave the stock a “buy” rating in a report on Tuesday, September 8th.

JetBlue Airways opened at 25.54 on Friday. The firm’s 50-day moving average price is $25.22 and its 200-day moving average price is $23.39. The stock has a market cap of $8.05 billion and a P/E ratio of 15.17. JetBlue Airways has a 12 month low of $14.13 and a 12 month high of $27.36.

For more go to: http://www.intercooleronline.com/stocks/jetblue-airways-co-nasdaqjblu-given-average-recommendation-of-buy-by-analysts/275759/

 

NVIDIA Corporation (NASDAQ:NVDA)

The stock of NVIDIA Corporation gapped up by $0.11 today and has $54.37 target or 66.00% above today’s $32.75 share price. The 6 months technical chart setup indicates low risk for the $16.92B company. The gap was reported on Dec, 2 by Barchart.com. If the $54.37 price target is reached, the company will be worth $11.17 billion more.

Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then it’s usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock increased 3.25% or $1.03 during the last trading session, hitting $32.75. About 10.24M shares traded hands or 19.49% up from the average. NVIDIA Corporation has risen 42.18% since April 28, 2015 and is uptrending. It has outperformed by 43.80% the S&P500.

Out of 26 analysts covering Nvidia Corporation, 11 rate it “Buy”, 2 “Sell”, while 18 “Hold”. This means 35% are positive. Nvidia Corporation was the topic in 41 analyst reports since August 3, 2015 according to StockzIntelligence Inc.

For more go to: http://www.financialmagazin.com/how-analysts-feel-about-nvidia-corporation-after-todays-gap-up/

 

Qorvo, Inc (NASDAQ:QRVO)

Qorvo Inc shares shot up 1.3% during mid-day trading on Tuesday. The stock traded as high as $59.79 and last traded at $58.80, with a volume of 965,658 shares traded. The stock had previously closed at $58.07.

Several brokerages recently issued reports on QRVO. Brean Capital reissued a “buy” rating and set a $70.00 price objective (down from $80.00) on shares of Qorvo in a report on Friday, November 6th. BMO Capital Markets lowered their price target on Qorvo from $80.00 to $68.00 and set an “outperform” rating for the company in a research note on Friday, November 6th. MKM Partners lowered their target price on Qorvo from $72.00 to $71.00 and set a “buy” rating for the company in a research note on Friday, November 6th. Vetr raised Qorvo from a “hold” rating to a “buy” rating and set a $53.83 price target for the company in a research report on Monday, November 16th. Finally, Stephens reissued a “buy” rating on shares of Qorvo in a report on Tuesday, November 17th. Six analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $71.66.

The stock has a market cap of $8.20 billion and a PE ratio of 76.27. The firm has a 50-day moving average of $50.58 and a 200-day moving average of $61.98.

For more go to: http://putnamstandard.com/2015/12/01/qorvo-shares-up-1-3-qrvo/672758/

 

Yahoo, Inc (NASDAQ:YHOO)

On Tuesday, the Wall Street Journal — and subsequently the New York Times — reported that the board of Yahoo is “planning a series of meetings this week to consider selling off the company’s flagging Internet businesses.” The discussions will centre on the possibility of selling off Yahoo’s suite of services like Yahoo Mail along with its popular news, sport and entertainment — discussions which will happen in parallel with talks about what to do with the company’s stake in Alibaba Group, currently worth $30 billion.

Following initial reports of the potential sell-off, a Wall Street Journal report suggested that Japanese Internet and telecoms company Softbank could be one of the potential buyers for Yahoo’s assets. Softbank, which is the largest shareholder in Alibaba, is also a majority shareholder in Yahoo Japan.

The potential sale of one — or both — of these aspects of the business will be discussed by the board over the next three days, according to anonymous sources who spoke to the Journal and the Times. However, it is very likely that the future of the company’s CEO will come up for discussion. Marissa Mayer, who is expecting twins later this month, has been under pressure for the last 12 months as her plans to turn the company around have failed to have the expected impact.

Yahoo’s stock price rallied on news of the potential sell-off by as much as 7 percent in extended trading on Tuesday, but since May the company’s stock has been in free-fall, dropping as much as 25 percent before news of the board meeting broke. This, along with stagnating revenue and lack of a breakthrough product, means that  Mayer’s tenure in charge of Yahoo could be coming to an end.

For more go to:
http://www.ibtimes.com/yahoo-ceo-marissa-mayer-comes-under-increased-pressure-board-considers-sell-2207401

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