First Global Credit Stock News Roundup – 23rd December

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

  • Amazon.com
  • Bitcoin
  • Cisco Systems
  • Facebook
  • Microsoft
  • Paychex
  • Yelp

 

Amazon.com, Inc (NASDAQ:AMZN)

According to 26 Analysts, The short term target price has been estimated at $ 722.19.The target price could deviate by a maximum of $85.13 from the forecast price. In the near term, the target price could hit a high of $850 and a low of $ 525.

During the last several months other analysts have commented on the company rating. MKM Partners initiates coverage on Amazon.com, Inc. The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $800 per share. The rating by the firm was issued on December 15, 2015.

Amazon.com, Inc. has received a buy rating for the short term, according to the latest rank of 2 from research firm, Zacks. The company received an average rating of 1.4 from 30 analysts. 23 have rated it as a strong buy. 2 analysts recommended buying the shares. 5 analysts have rated the company at hold.

Shares of Amazon.com, Inc. appreciated by 0.68% during the last five trading days but lost 0.79% on a 4-week basis. Amazon.com, Inc. is up 23.71% in the last 3-month period. Year-to-Date the stock performance stands at 113.68%.

For more go to: http://www.americantradejournal.com/amazon-com-inc-price-target-update-2/6167794/

 

Bitcoin

2016 could prove to be the year that the price of bitcoin surges again. Not because of any dark-web drug-dealing or Russian ponzi scheme, but for an altogether less sensational reason – slower growth in the money supply.

Bitcoin is a web-based “cryptocurrency” used to move money around quickly and anonymously with no need for a central authority. But despite being championed by some as the digital money of the future, it is often dismissed as a currency that is too volatile to invest in.

The reason 2016 looks set to be different is that bitcoin’s price is likely to be driven in large part by similar factors to a traditional fiat currency, following the age-old principles of supply and demand.

Instead of being controlled by a central bank, bitcoin relies on so-called “mining” computers that validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. In return, the first to solve the puzzle and thereby clear the transactions is currently rewarded with 25 new bitcoins, worth around $11,000 .

But when it was invented in 2008 by the mysterious “Satoshi Nakamoto”, who has yet to be identified, the bitcoin program was designed so that the reward would be halved roughly every four years, in order to keep a lid on inflation. The next time that is due to happen is July 2016.

Bitcoin was also designed to emulate a commodity by having a finite supply of 21 million bitcoins, which will be reached in around 125 years, up from around 15 million today. Hence, also, the use of the term “mining”.

Daniel Masters, co-founder of Jersey-based Global Advisors’ multi-million dollar bitcoin hedge fund, started his career as an oil trader at Shell in the mid-1980s and spent 30 years trading commodities before crossing over to bitcoin.

Now he reckons the price of bitcoin could test its 2013 highs of above $1,100 next year and then pick up speed to rise to $4,400 by the end of 2017.

For more go to: http://www.streetinsider.com/Reuters/Record+highs+predicted+for+bitcoin+in+2016+as+new+supply+halves/11174354.html

 

Cisco Systems, Inc (NASDAQ:CSCO)

According to 22 Analysts, The short term target price has been estimated at $ 30.98.The target price could deviate by a maximum of $4.23 from the forecast price. In the near term, the target price could hit a high of $37 and a low of $ 17.

During the last several months other analysts have commented on the company rating. SunTrust Robinson Humphrey initiates coverage on Cisco Systems, Inc. The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $32 per share. The rating by the firm was issued on November 24, 2015.

As many as 25 brokerage firms have rated Cisco Systems, Inc. at 1.88. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. 2 rated the company as strong sell. The stock garnered a place in the hold list of 6 stock Analysts. 2 analysts suggested buying the company. 15 analysts rated the company as a strong buy.

Shares of Cisco Systems, Inc. appreciated by 0.15% during the last five trading days but lost 2.47% on a 4-week basis. Cisco Systems, Inc. is up 7.23% in the last 3-month period. Year-to-Date the stock performance stands at -0.38%.

For more go to: http://www.insidertradingreport.org/cisco-systems-inc-price-target-update-3/6205444/

 

Facebook, Inc (NASDAQ:FB)

The stock price is expected to reach $ 124.07 in the short term. The number of analysts agreeing with this consensus is 27. The higher estimate for the short term price target is at $155 while the lower estimate is at $95. The standard deviation of the price stands at $11.8.

During the last several months other analysts have commented on the company rating. Equity analysts at the Brokerage firm Argus Research maintains its rating on Facebook, Inc. The rating major has initiated the coverage with an buy rating on the shares. The Analysts at Argus Research raises the price target from $115 per share to $130 per share. The rating by the firm was issued on November 6, 2015.

Facebook, Inc. has received a buy rating for the short term, according to the latest rank of 2 from research firm, Zacks. The company received an average rating of 1.21 from 29 analysts. 24 have rated it as a strong buy. 4 analysts recommended buying the shares. 1 analysts have rated the company at hold.

Shares of Facebook, Inc. appreciated by 0.92% during the last five trading days but lost 1.69% on a 4-week basis. Facebook, Inc. is up 12.28% in the last 3-month period. Year-to-Date the stock performance stands at 35.23%.

For more go to: http://www.americantradejournal.com/facebook-inc-price-target-update-2/6167440/

 

Microsoft Corporation (NASDAQ:MSFT)

21 analysts have set the short term price target of Microsoft Corporation at $56.95. The standard deviation of short term price target has been estimated at $6.39, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 65 and $39 respectively.

During the last several months other analysts have commented on the company rating. Goldman Sachs upgrades its view on Microsoft Corporation according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Sell. Goldman Sachs raises the price target from $45 per share to $57 per share on Microsoft Corporation. The rating by the firm was issued on December 18, 2015.

Research firm Zacks has rated Microsoft Corporation and has ranked it at 3, indicating that for the short term the shares are a hold. 21 Wall Street analysts have given the company an average rating of 1.76. The shares has received a hold rating based on the suggestion from 5 analysts in latest recommendations. 1 market expert has a sell on the stock. Strong buy was given by 12 Wall Street Analysts. The company had a buy rating from 3 analysts.

For more go to: http://www.americantradejournal.com/microsoft-corporation-price-target-update-2/6167424/

 

Paychex, Inc (NASDAQ:PAYX)

Paycheck Inc. reported mixed results for second-quarter fiscal 2016 wherein the bottom line beat the Zacks Consensus Estimate but top line missed the same. Nevertheless, the company marked year-over-year improvement on both the counts.

Earnings of 52 cents per share surpassed the Zacks Consensus Estimate by a penny and jumped 10.6% from the year-ago quarter mainly backed by higher

Paychex reported total revenue (including Interest on funds held for clients) of $722.million, up 7% year over year. However, it missed the Zacks Consensus Estimate of $724 million. Excluding interest on funds held for clients, total services revenue (Payroll service and Human Resource Services) grew 7% year over year to $711.3 million.

For more go to: http://www.nasdaq.com/article/paychex-payx-beats-q2-earnings-reiterates-fy16-outlook-cm557708

 

Yelp, Inc (NYSE:YELP)

Yelp Inc. shares are expected to touch $30.09 in the short term. This short term price target has been shared by 17 analysts. However, the standard deviation of short term price estimate has been valued at 8.94. The target price could hit $45 on the higher end and $18 on the lower end.

During the last several months other analysts have commented on the company rating. In a research note released to the investors, RBC Capital upgrades its rating on Yelp Inc. The analysts at the brokerage house have a current rating of Outperform on the shares. Earlier, the shares were rated a Sector Perform by the brokerage firm. The rating by the firm was issued on November 13, 2015.

As many as 29 brokerage firms have rated Yelp Inc. at 2.62. Research Analysts at Zacks have ranked the company at 3, suggesting the traders with a rating of hold for the short term. 1 rated the company as strong sell. Sell was recommended by 1 analysts. The stock garnered a place in the hold list of 19 stock Analysts. 2 analysts suggested buying the company. 6 analysts rated the company as a strong buy.

Shares of Yelp Inc. appreciated by 3.94% during the last five trading days but lost 10.51% on a 4-week basis. Yelp Inc. is up 20.91% in the last 3-month period. Year-to-Date the stock performance stands at -48.97%.

For more go to: http://www.insidertradingreport.org/yelp-inc-price-target-update-5/6205753/

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