First Global Credit Stock News Roundup – 25th January

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

  • Apple
  • Bitcoin
  • Cameron International
  • Gold
  • Intuit
  • Microsoft
  • Paychex

 

Apple, Inc (NASDAQ:AAPL)

Apple Inc. is scheduled to issue its Q116 quarterly earnings data after the market closes on Tuesday, January 26th. Analysts expect the company to announce earnings of $3.25 per share and revenue of $77.10 billion for the quarter.

Apple Inc. opened at 101.42 on Monday. The firm has a market capitalization of $565.45 billion and a P/E ratio of 11.00. The company’s 50-day moving average price is $105.91 and its 200-day moving average price is $113.88. Apple Inc. has a 1-year low of $92.00 and a 1-year high of $134.54.

In related news, CEO Timothy D. Cook sold 30,000 shares of the stock in a transaction on Friday, November 6th. The shares were sold at an average price of $122.08, for a total transaction of $3,662,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission. Also, SVP Daniel J. Riccio sold 13,588 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $120.81, for a total transaction of $1,641,566.28. Following the sale, the senior vice president now owns 40,755 shares of the company’s stock, valued at approximately $4,923,611.55.

A number of brokerages recently weighed in on AAPL. FBR & Co. restated an “outperform” rating and issued a $175.00 price objective on shares of Apple in a report on Monday, November 2nd. JPMorgan Chase & Co. boosted their target price on shares of Apple from $140.00 to $145.00 and gave the company an “outperform” rating in a research note on Monday, November 2nd. Pacific Crest reiterated a “sell” rating on shares of Apple in a research note on Tuesday, November 3rd. Sterne Agee CRT reiterated a “buy” rating on shares of Apple in a research note on Tuesday, November 10th. Finally, Credit Suisse reiterated a “buy” rating and set a $140.00 target price on shares of Apple in a research note on Tuesday, November 10th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating, forty-one have given a buy rating and two have assigned a strong buy rating to the stock. Apple currently has an average rating of “Buy” and an average price target of $140.67.

http://www.emqtv.com/apple-inc-aapl-scheduled-to-post-quarterly-earnings-on-tuesday/157974/

 

Bitcoin

The financial services industry is dangerously complacent in its approach to digital money. Some of the major banks almost look like they fear technological change that promises greater transparency, efficiency and security at a lower cost.

Too many industry players and regulators have spent more time shutting down innovations than driving them. Barclays, Chase, Westpac and the Bank of Ireland are among the many global banks to have refused business or closed the accounts of cryptocurrency pioneers, when they should have been learning from them.

For more go to: http://www.cityam.com/232975/bitcoin-banks-are-worryingly-complacent-about-the-coming-digital-currency-storm

 

Cameron International Corporation (NYSE:CAM)

Shares of Cameron International Corporation (NYSE:CAM) appreciated by 3.43% during the past week but lost 4.96% on a 4-week basis. In the past week, the shares have outperformed the S&P 500 by 1.99% and the outperformance increases to 2.72% for the last 4 weeks.

Cameron International Corporation has dropped 8.43% during the last 3-month period . Year-to-Date the stock performance stands at -4.15%.The company shares have rallied 36.44% in the past 52 Weeks. On November 3, 2015 The shares registered one year high of $71.22 and one year low was seen on January 29, 2015 at $39.52. The 50-day moving average is $62.12 and the 200 day moving average is recorded at $60.81. S&P 500 has rallied 7.3% during the last 52-weeks.

Cameron International Corporation (NYSE:CAM) : On Friday heightened volatility was witnessed in Cameron International Corporation (NYSE:CAM) which led to swings in the share price. The shares opened for trading at $59.49 and hit $61.19 on the upside , eventually ending the session at $60.58, with a gain of 4.81% or 2.78 points. The heightened volatility saw the trading volume jump to 2,747,893 shares. The 52-week high of the share price is $71.22 and the company has a market cap of $11,566 million. The 52-week low of the share price is at $39.52 .

For more go to: http://www.marketbriefing.net/company-shares-of-cameron-international-corporation-nysecam-rally-3-43/663826/

 

 Gold

Despite a number of bearish developments last Friday, the gold price rose during Asian trading hours on Monday while continuing to trade around the $1,100 per ounce level.

Spot gold was last at $1,100.60-1,100.90 per ounce, up $2.90 from Friday’s close. Trading ranged at $1,097.80-1,101.10 so far.

Gold has more or less its held ground despite bearish developments last Friday whereby risk appetite improved after a crude oil price rally lifted global equities, while European Central Bank president Mario Draghi hinted of further policy easing in March.

Benchmark crude oil prices have rebounded to above $30 per barrel, however, they remain around 12-year lows due to high global production levels.

The Nymex WTI March contract was last at $32.27, up 0.25 percent, while the ICE Brent crude was 0.31 percent higher at $32.28 so far during Asian trading hours on Monday. Oil prices are getting support from a massive snowstorm on the US East Coast which helped boost demand for oil for heating.

“Gold’s ability to largely shrug off these developments is impressive,” said HSBC in a report on Friday.

Financial market volatility, including currency volatility, along with diminished expectations of a Fed rate hike in March and ongoing macroeconomic risks will keep a sufficient bid in gold to support prices, it said.

For more go to: http://www.bulliondesk.com/gold-news/asia-gold-gold-continues-to-hold-around-1-100oz-107838/
 

Intuit, Inc (NASDAQ:INTU)

Shares of Intuit Inc. appreciated by 2.32% during the past week but lost 4.08% on a 4-week basis. In the past week, the shares have outperformed the S&P 500 by 0.89% and the outperformance increases to 3.67% for the last 4 weeks.

Intuit Inc. is up 0.03% in the last 3-month period. Year-to-Date the stock performance stands at -2.69%.The company shares have rallied 4.76% in the past 52 Weeks. On May 22, 2015 The shares registered one year high of $109.21 and one year low was seen on August 25, 2015 at $79.63. The 50-day moving average is $95.85 and the 200 day moving average is recorded at $96.42. S&P 500 has rallied 7.3% during the last 52-weeks.

On Friday heightened volatility was witnessed in Intuit Inc. which led to swings in the share price. The shares opened for trading at $93.07 and hit $94 on the upside, eventually ending the session at $93.61, with a gain of 1.81% or 1.66 points. The heightened volatility saw the trading volume jump to 1,076,526 shares. The 52-week high of the share price is $109.21 and the company has a market cap of $24,713 million. The 52-week low of the share price is at $79.63.

For more go to: http://www.bullreport.news/201601/36939/company-shares-of-intuit-inc-nasdaqintu-rally-2-32/

 

Microsoft Corporation (NASDAQ:MSFT)

Microsoft Co. was upgraded by analysts at Piper Jaffray to a “buy” rating in a research note issued to investors on Friday.

Other analysts have also issued research reports about the stock. Goldman Sachs restated a “sell” rating and issued a $45.00 target price (up previously from $40.00) on shares of Microsoft in a research report on Friday, October 23rd. Vetr lowered shares of Microsoft from a “buy” rating to a “hold” rating and set a $58.07 target price on the stock in a research report on Monday, December 7th. Pacific Crest restated a “buy” rating on shares of Microsoft in a research report on Monday, December 28th. Citigroup Inc. restated a “sell” rating and issued a $38.00 target price on shares of Microsoft in a research report on Wednesday, September 30th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $57.00 target price (up previously from $55.00) on shares of Microsoft in a research report on Thursday, December 10th. Four investment analysts have rated the stock with a sell rating, seven have issued a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $56.18.

Shares of Microsoft opened at 52.29 on Friday. Microsoft has a 12 month low of $39.72 and a 12 month high of $56.85. The stock’s 50 day moving average price is $54.16 and its 200-day moving average price is $49.22. The firm has a market capitalization of $417.69 billion and a PE ratio of 34.77.

For more go to: http://www.iramarketreport.com/microsoft-co-msft-upgraded-to-buy-at-piper-jaffray/5048/

 

Paychex, Inc (NASDAQ:PAYX)

Shares of Paychex, Inc. appreciated by 3.19% during the past week but lost 10.46% on a 4-week basis. The shares have outperformed the S&P 500 by 1.75% in the past week but underperformed the index by 3.23% in the last 4 weeks.

Paychex, Inc. has dropped 3.44% during the last 3-month period. Year-to-Date the stock performance stands at -8.89%.The company shares have rallied 0.02% in the past 52 Weeks. On December 1, 2015 the shares registered one year high of $54.78 and one year low was seen on August 24, 2015 at $41.59. The 50-day moving average is $51.13 and the 200 day moving average is recorded at $49.36. S&P 500 has rallied 7.3% during the last 52-weeks.

On Friday heightened volatility was witnessed in Paychex, Inc. which led to swings in the share price. The shares opened for trading at $48.19 and hit $48.835 on the upside, eventually ending the session at $48.19, with a gain of 1.69% or 0.8 points. The heightened volatility saw the trading volume jump to 4,049,831 shares. The 52-week high of the share price is $54.7805 and the company has a market cap of $17,394 million. The 52-week low of the share price is at $41.59.

For more go to: http://www.marketbriefing.net/company-shares-of-paychex-inc-nasdaqpayx-rally-3-19/661966/

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