Category: News Roundup

Bitcoin and “The Big Short”

Can the blockchain avert the next financial meltdown?

By Gavin Smith, CEO First Global Credit

February 29, 2016    Geneva / London / Hong Kong

As this year’s Academy Awards celebration draws to a close, it seemed an opportune time to take a closer look at the dysfunction on display in one of the nominees for Best Picture, “The Big Short,” which was based on Michael Lewis’ book of the same name.  Lewis’ book, and the movie it inspired, related the story of the subprime mortgage crisis in the United States.  Essentially, a series of opaque and illiquid financial instruments were sliced and diced into a series of increasingly complex derivatives, the notional value of which ended up being many times greater than the size of the underlying mortgages.  When homeowners, who were the people responsible for paying the underlying mortgages, defaulted on those mortgages, investors in these derivatives (collateralized debt obligations (CDOs), CDOs-squared, synthetic CDOs, credit default swaps, etc.) lost a lot of money.  Those who sold these derivatives short (Michael Burry et al) made a lot of money.

To understand this at a very high level, consider a pivotal scene in the movie: Steve Carrell’s character goes to see a contact at S&P (played by Melissa Leo).  In the course of speaking with her, he learns that S&P basically gives an investment bank whatever rating it wants for a CDO issue, because if S&P did not cooperate with the bank, the bankers would simply go down the street to one of S&Ps competitors.  The system was rotten to the core, and was intermediated by humans doing very human things.

So what could have prevented this?  One theory is that had blockchain-enabled smart contracts been used in the financial system, there would have been fewer opportunities for misbehavior by market participants.  Now, this is a fairly bold claim, and a robust analysis of why this might be the case is beyond the scope of this brief article.  Nonetheless, let’s review what smart contracts are:

  • Smart contracts are pieces of computer code, the logic of which replicates the logic of contractual clauses. If I sign a contract with you in which I agree to sell you 10 apples at $1 per apple, and you refuse to pay me, then I have to seek redress through the courts.  A smart contract, on the other hand, could contain code which, should the payment terms not be complied with, would automatically penalize you.
  • This kind of self-enforcement reduces transaction costs. In the example above, the transaction costs include the cost of litigating through civil courts to seek redress and compensation in the event of a contract breach.
  • Smart contracts reside on a blockchain, which if correctly implemented, would allow a real-time auditing of who owns what side of a given trade.
  • Smart contracts would allow for real time pricing of even illiquid securities, since all of the transactions (including those transactions that create derivatives from underlying assets) would be fully auditable: you would know who owned what tranche of a CDO, who issued which mortgages that made up the AAA, AA, A, etc., tranches of the CDO, and, even, if the system were designed well, which homeowner signed which mortgage documents.

Perhaps most importantly, since all of this would be software-based, you would have no middlemen (or women) looking to create ever more complex derivatives.  Creating derivatives of derivatives (so-called CDOs-squared or –cubed, etc.) does two things: (1) it makes the financial system more complex and opaque, and (2) it creates more income potential for bankers and traders.  Since people aren’t good at policing themselves, in the absence of any system which prohibits people from making more money, complexity, opacity, and illiquidity are the result.

As long as people keep paying their mortgages, this system works more or less OK.  But, as Burry and others suspected, just because housing prices went up for a while, didn’t mean that they would go up forever.  Borrowers got overextended, lost their jobs, and defaulted on their mortgages.  Because those mortgages were then packaged into CDOs, which themselves were packaged into other derivatives, no one knew what anything was worth and banks couldn’t unload their positions in these derivatives very easily.

So smart contracts seem to be one possible solution to the problem of misaligned incentives and opaque financial instruments.  By removing much of the human element, and replacing people with code, we are presented with an opportunity to create a clear, objective framework for the pricing of financial assets and enforcement of contractual obligations.

In fact, in January 2016, American Banker, which is a trade paper for the financial services industry, published a short article[1] discussing this very issue.  Quoting from the article:

…what if you could program [bitcoin] transactions to occur at preordained times, under set circumstances, and even involving a preregistered group of multiple counterparties?

And what if you could use similar technology to preprogram transactions such as the payout of a derivative or other security, all done through a public ledger system such as blockchain without the risk of intervention or the inefficiency created by the involvement of an intermediary counterparty agent?

To make this a bit more concrete, here’s an article from CoinDesk[2], which demonstrates how a smart contract would work.  Essentially, the contract is a series of IF-THEN-ELSE statements, which are familiar to anyone with a rudimentary knowledge of programming.  In the example given in this article, we have the following logic rendered into computer code:

IF payment of 1000 USD in bitcoin is made to BobbyRick by Term 1’s expiration date, THEN Term 1 is completed AND is recorded as completed in the blockchain. If those clauses are met, then the counterparty’s (walkerdavefun) escrow is released. OTHERWISE, Term 1 FAILED, AND is recorded as failed in the blockchain.  THEN the escrow is released to BobbyRick.

All of this is obviously much more efficient than standard contract breaches, which, as discussed earlier, need to be remediated through human-controlled and –operated civil or criminal courts.  Thus, software-based smart contracts provide a compelling and exciting opportunity for those interested in making a fairer and less opaque financial system.

[1] http://www.americanbanker.com/bankthink/smart-contracts-are-the-future-of-blockchain-1078705-1.html

[2] http://www.coindesk.com/new-blockchain-startup-brings-contracts-digital-age/

First Global Trader’s Update

Here are the latest additions to the market list. Fifteen interesting new stocks to monitor and trade. Good luck.

Stock Market Selections

New Stocks for 22 February 2016

APA Apache Corporation Energy Oil & Gas Exploration & Production Apache is an independent energy company, which explores for, develops, and produces natural gas, crude oil, and natural gas liquids.
APC Anadarko Petroleum Corporation Energy Oil & Gas Exploration & Production Anadarko Petroleum is an independent exploration and production company engaged in the exploration, development, production, and marketing of natural gas, oil, condensate, natural gas liquids (NGLs), and anticipated production of liquefied natural gas (LNG).
BBY Best Buy Co., Inc. Cyclical consumer goods & services Computer & Electronics Retailers Best Buy is a provider of technology products, services and solutions in the United States, Canada and Mexico.
CAT Caterpillar, Inc. Industrials Heavy Machinery & Vehicles Caterpillar Inc. is a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
CMG Chipotle Mexican Grill Cyclical consumer goods & services Quick Service Restaurants Chipotle Mexican Grill restaurants serve a focused menu of burritos, tacos, burrito bowls (a burrito without the tortilla) and salads.
COP ConocoPhillips Energy Oil & Gas Exploration & Production ConocoPhillips is an independent exploration and production company. The Company explores for, produces, transports and markets crude oil, bitumen, natural gas, liquefied natural gas (LNG) and natural gas liquids.
DDD 3D Systems Corporation Technology Technical & System Software DDD develops intellectual property in the field of image analysis and stereoscopic 3D image processing and deploys in software and hardware products that are licensed primarily for use with 3D mobile telephones and tablets, televisions, and personal computers.
DE Deere & Company Industrials Heavy Machinery & Vehicles Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services.
FSLR First Solar, Inc Energy Renewable Energy Equipment & Services First Solar, Inc. is a global provider of solar energy solutions. The Company designs, manufactures and sells photovoltaic (PV) solar modules, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems.
HD Home Depot Cyclical consumer goods & services Home Improvement Products & Services The Home Depot, Inc. (The Home Depot) is a home improvement retailer. The Home Depot stores sell an assortment of building materials, home improvement products and lawn and garden products and provide services.
MU Micron Technology, Inc Technology Semiconductor – Memory Chips Micron Technology, Inc. provides semiconductor systems worldwide. It operates in four segments: Compute and Networking Business Unit, Mobile Business Unit, Storage Business Unit, and Embedded Business Unit.
SUNE SunEdison, Inc Energy Photovoltaic Solar Systems & Equipment SunEdison, Inc. (SunEdison) is a developer and seller of photovoltaic energy solutions, an owner and operator of clean power generation assets, and a developer and manufacturer of silicon wafers. The Company operates in three segments: Solar Energy, TerraForm Power and Semiconductor Materials through SunEdison Semiconductor Ltd.
SSYS Stratasys, Ltd Technology Computer Peripherals Stratasys Ltd. provides additive manufacturing (AM) solutions for the creation of parts used in the processes of designing and manufacturing products; and for the direct manufacture of end parts. The company offers entry-level desktop 3D printers for idea and design development.
WFM Whole Foods Market, Inc Non-Cyclical Consumer Goods & Services Supermarkets & Convenience Stores Whole Foods Market, Inc. (Whole Foods Market) is a retailer of natural and organic foods and grocer. The Company has one operating segment, natural and organic foods supermarkets. As of September 29, 2013, Whole Foods Market operated 362 stores in the United States, Canada, and the United Kingdom.
WYNN Wynn Resorts Ltd Cyclical Consumer Goods & Services Casinos Wynn Resorts, Limited is a developer, owner and operator of destination casino resorts which integrate accommodations and amenities, including fine dining, premium retail offerings, distinctive entertainment and convention facilities.

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/

First Global Credit Stock News Roundup – 18th January

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

  • Amazon.com
  • Biogen Idec
  • eBay
  • Gold
  • Hasbro
  • Oracle
  • Salesforce.com

 

Amazon.com, Inc (NASDAQ:AMZN)

Exchange Capital Management cut its position in shares of Amazon.com, Inc. by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,841 shares of the e-commerce giant’s stock after selling 31 shares during the period. Amazon.com comprises 2.8% of Exchange Capital Management’s portfolio, making the stock its 7th largest position. Exchange Capital Management’s holdings in Amazon.com were worth $6,651,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Vontobel Asset Management acquired a new stake in shares of Amazon.com during the fourth quarter valued at $114,695,000. Churchill Management increased its stake in shares of Amazon.com by 490.6% in the fourth quarter. Churchill Management now owns 77,289 shares of the e-commerce giant’s stock valued at $52,239,000 after buying an additional 64,203 shares during the last quarter. Swarthmore Group acquired a new stake in shares of Amazon.com during the fourth quarter valued at $36,920,000. Meag Munich Ergo Kapitalanlagegesellschaft acquired a new stake in shares of Amazon.com during the third quarter valued at $11,705,000. Finally, ING Groep increased its stake in shares of Amazon.com by 130.5% in the third quarter. ING Groep now owns 37,666 shares of the e-commerce giant’s stock valued at $19,274,000 after buying an additional 21,325 shares during the last quarter.

Shares of Amazon.com, Inc. traded down 3.85% during trading on Friday, hitting $570.18. 7,784,523 shares of the stock traded hands. The company has a market cap of $267.28 billion and a price-to-earnings ratio of 816.88. The firm’s 50-day moving average price is $651.79 and its 200-day moving average price is $570.06. Amazon.com, Inc. has a 52 week low of $286.39 and a 52 week high of $696.44.

http://www.intercooleronline.com/stocks/amazon-com-inc-amzn-position-lowered-by-exchange-capital-management/343868/

 

Biogen Idec, Inc (NASDAQ:BIIB)

Biogen Inc has received a consensus rating of “Buy” from the twenty-eight analysts that are presently covering the firm. Eight investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $384.91.

Shares of Biogen opened at 273.33 on Wednesday. The firm has a market cap of $60.93 billion and a P/E ratio of 17.86. The company’s 50 day moving average price is $290.04 and its 200 day moving average price is $307.61. Biogen has a 12-month low of $254.00 and a 12-month high of $480.18.

Biogen last posted its quarterly earnings data on Wednesday, October 21st. The biotechnology company reported $4.48 EPS for the quarter, beating the consensus estimate of $3.80 by $0.68. The firm earned $2.39 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Biogen’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $3.80 EPS. Equities research analysts forecast that Biogen will post $16.58 EPS for the current year.

For more go to: http://www.intercooleronline.com/stocks/biogen-inc-nasdaqbiib-given-average-rating-of-buy-by-analysts/344894/

 

eBay, Inc (NASDAQ:EBAY)

eBay Inc is scheduled to release its earnings data after the market closes on Tuesday, January 19th. Analysts expect eBay to post earnings of $0.50 per share for the quarter. eBay has set its Q4 guidance at $0.47-0.49 EPS.

eBay last released its quarterly earnings data on Wednesday, October 21st. The e-commerce company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. The firm earned $2.10 billion during the quarter, compared to analyst estimates of $2.09 billion. During the same period last year, the business earned $0.68 EPS. The firm’s revenue was down 2.4% on a year-over-year basis. On average, analysts expect eBay to post $1.83 EPS for the current fiscal year and $1.97 EPS for the next fiscal year.

eBay has been the topic of a number of research reports. Zacks Investment Research raised shares of eBay from a “strong sell” rating to a “buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, September 22nd. Vetr raised shares of eBay from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 22nd. Robert W. Baird reaffirmed a “buy” rating on shares of eBay in a research report on Thursday, October 8th. RBC Capital reaffirmed a “sector perform” rating on shares of eBay in a research report on Monday, October 19th. Finally, Stifel Nicolaus lowered shares of eBay to a “hold” rating in a research report on Wednesday, October 21st. Two research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $51.27.

For more go to: http://zolmax.com/investing/ebay-inc-ebay-to-release-earnings-on-tuesday/320044/

 

Gold

Gold edged higher on Monday as crude oil prices slid to 12-year lows and European stocks fell on persistent worries about global growth, prompting investors to seek assets considered a safe store of value.

Gains were limited, however, as the dollar firmed and oil inched up from earlier lows, pointing to a slight cooling of the risk aversion that lifted gold 1 percent on Friday.

Spot gold was up 0.1 percent at $1,089.90 an ounce at 1035 GMT, while U.S. gold futures for February delivery were down 90 cents at $1,089.80.

Prices have risen nearly 3 percent so far this year after weak economic data in China and a fresh move lower in the yuan in early January prompted a sell-off in Chinese stocks, which spilled over into global markets.

“There is always a very negative correlation with gold when you have turmoil in stock markets,” LBBW analyst Thorsten Proettel said.

“Right now we are seeing consolidation, but as we shift perspective towards February and March, this swing to higher prices will go on.”

Oil prices hit their lowest since late 2003 as the market braced for additional Iranian exports after the lifting of sanctions against the country over the weekend.

European shares fell 0.1 percent on Monday and Asian equities tumbled to their lowest since 2011 overnight as investors shunned risky assets after weak U.S. economic data.
For more go to: https://uk.finance.yahoo.com/news/gold-firms-equities-falter-disappointing-062945286.html

 

 

Hasbro, Inc (NYSE:HAS)

Equities researchers at SunTrust lowered their Q1 2016 earnings estimates for shares of Hasbro in a report issued on Thursday. SunTrust analyst M. Swartz now anticipates that the brokerage will post earnings per share of $0.18 for the quarter, down from their previous estimate of $0.20. The consensus estimate for Hasbro’s Q1 2016 earnings is $0.26 per share. SunTrust also issued estimates for Hasbro’s Q2 2016 earnings at $0.38 EPS.

Several other research firms have also commented on HAS. Sterne Agee CRT reissued a “hold” rating on shares of Hasbro in a research report on Thursday, November 12th. Zacks Investment Research raised Hasbro from a “hold” rating to a “buy” rating and set a $74.00 price target for the company in a research report on Monday, December 21st. Piper Jaffray reaffirmed an “overweight” rating and set a $85.00 target price on shares of Hasbro in a research report on Monday, November 9th. Vetr raised Hasbro and set a $83.75 target price on the stock in a research report on Wednesday, December 30th. Finally, Jefferies Group initiated coverage on Hasbro in a research report on Friday, December 4th. They set a “hold” rating and a $72.00 target price on the stock. They noted that the move was a valuation call. Eleven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $79.23.

Hasbro opened at 72.07 on Monday. The stock has a 50 day moving average price of $69.07 and a 200 day moving average price of $74.79. Hasbro has a 1-year low of $51.49 and a 1-year high of $84.42. The company has a market cap of $8.98 billion and a P/E ratio of 20.49.

For more go to: http://zolmax.com/investing/hasbro-inc-has-forecasted-to-earn-q1-2016-earnings-of-0-18-per-share/320166/

 

Oracle Corporation (NASDAQ:ORCL)

Oracle Co. has been given an average rating of “Hold” by the thirty-seven brokerages that are covering the company. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nineteen have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $43.18.

Several brokerages have commented on ORCL. Canaccord Genuity cut shares of Oracle to a “buy” rating and set a $44.00 price target on the stock. In a research note on Wednesday, October 28th. MKM Partners reiterated a “neutral” rating and issued a $42.00 price target on shares of Oracle in a research note on Friday, January 8th. Pacific Crest reiterated an “equal weight” rating on shares of Oracle in a research note on Friday, December 11th. Raymond James reiterated a “buy” rating on shares of Oracle in a research note on Thursday, December 17th. Finally, Drexel Hamilton reiterated a “buy” rating on shares of Oracle in a research note on Tuesday, October 27th.

Shares of Oracle opened at 34.12 on Wednesday. The company has a market capitalization of $143.35 billion and a PE ratio of 16.45. Oracle has a 1-year low of $33.66 and a 1-year high of $45.33. The company has a 50 day moving average price of $36.97 and a 200 day moving average price of $38.09.

For more go to: http://www.emqtv.com/oracle-co-nasdaqorcl-receives-43-18-average-price-target-from-analysts/138082/

 

Salesforce.com, Inc (NYSE:CRM)

Salesforce.com Inc has lost 3.24% during the past week and dropped 8.01% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 1.09%. Salesforce.com Inc has underperformed the index by 1.89% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

Salesforce.com, inc. has dropped 8.8% during the last 3-month period. Year-to-Date the stock performance stands at -9.62%.The company shares have rallied 32.34% in the past 52 Weeks. On November 19, 2015 the shares registered one year high of $82.9 and one year low was seen on January 16, 2015 at $54.95. The 50-day moving average is $77.58 and the 200 day moving average is recorded at $74.43. S&P 500 has rallied 0.69% during the last 52-weeks.

Salesforce.com Inc witnessed a decline in the market cap on Friday as its shares dropped 3.02% or 2.21 points. After the session commenced at $69.87, the stock reached the higher end at $71.05 while it hit a low of $68.18. With the volume soaring to 9,572,093 shares, the last trade was called at $70.86. The company has a 52-week high of $82.9. The company has a market cap of $47,051 million and there are 664,000,000 shares in outstanding. The 52-week low of the share price is $54.95.

During the last several months other analysts have commented on the company rating. Brean Capital initiates coverage on Salesforce.com Inc the current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $100 per share. The rating by the firm was issued on January 12, 2016.

For more go to: http://thedailyrover.com/company-shares-of-salesforce-com-inc-nysecrm-drops-by-3-24/

First Global Credit Stock News Roundup – 11th January

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

  • 3M Co
  • Bitcoin
  • LinkedIn
  • Salesforce.com
  • Time Warner Cable

 

3M Co (NYSE:MMM)

New England Research & Management boosted its position in shares of 3M Co by 10.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 7,793 shares of the company’s stock after buying an additional 750 shares during the period. 3M accounts for approximately 1.0% of New England Research & Management’s portfolio, making the stock its 25th largest position. New England Research & Management’s holdings in 3M were worth $1,174,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of MMM. Community Bank & Trust of Waco, Texas acquired a new stake in shares of 3M during the fourth quarter worth $883,000. Founders Capital Management raised its stake in shares of 3M by 0.4% in the fourth quarter. Founders Capital Management now owns 1,900 shares of the company’s stock worth $286,000 after buying an additional 8 shares in the last quarter. Curbstone Financial Management raised its stake in shares of 3M by 98.2% in the fourth quarter. Curbstone Financial Management now owns 10,934 shares of the company’s stock worth $1,647,000 after buying an additional 5,417 shares in the last quarter. First American Trust acquired a new stake in shares of 3M during the fourth quarter worth $204,000. Finally, Southport Capital Management raised its stake in shares of 3M by 0.4% in the fourth quarter. Southport Capital Management now owns 12,546 shares of the company’s stock worth $1,890,000 after buying an additional 49 shares in the last quarter.

3M Co opened at 140.49 on Monday. The firm’s 50-day moving average price is $152.51 and its 200-day moving average price is $150.43. 3M Co has a 52 week low of $134.00 and a 52 week high of $170.50. The stock has a market cap of $86.50 billion and a PE ratio of 18.16.

http://zolmax.com/investing/new-england-research-management-raises-position-in-3m-co-mmm/298713/

 

Bitcoin

Bitcoin users have reported problems with buying and selling bitcoin using their bank accounts for some time, and based on a recent Merkle blog, the problem continues, notably in the United Kingdom. The blog doesn’t name any banks that are creating the problems.

Banks can close accounts with little notice, the blog noted, and moving the funds out of a closed account can be challenging.
The banks are reportedly taking these actions when the customer buys or sells bitcoin using their bank account. A transaction with a message field that includes the word “bitcoin” can alert the bank to take action.

Banks can also become alarmed when a customer adds a debit card linked to a Coinbase account to their bank account.

All banks are not taking these actions. The Merkle claimed that various smaller banks are less inclined to take such actions than larger banks.

One recent Reddit post noted a problem with Lloyds, a major U.K.-based bank. The customer noticed Lloyds blocked a bitcoin transactions when they started using their debit card on Coinbase. When the customer called Lloyd’s customer support and explained the situation, Lloyd’s unblocked the transaction but said previously-blocked transactions would not go through since they were buying digital assets that might cause issues with Coinbase.

For more go to: https://www.cryptocoinsnews.com/banks-still-closing-accounts-bitcoin-activity/

 

LinkedIn Corp (NYSE:LNKD)

LinkedIn was downgraded by equities researchers at Vetr from a “strong-buy” rating to a “buy” rating in a research note issued on Monday. They presently have a $239.31 target price on the social networking company’s stock. Vetr‘s target price suggests a potential upside of 10.84% from the company’s previous close.

A number of other brokerages have also recently issued reports on LNKD. MKM Partners upped their price target on shares of LinkedIn Corp from $285.00 to $310.00 and gave the stock a “buy” rating in a research note on Tuesday, November 10th. They noted that the move was a valuation call. Piper Jaffray reiterated an “overweight” rating and issued a $287.00 price target (up previously from $240.00) on shares of LinkedIn Corp in a research note on Thursday, November 5th. Citigroup Inc. upped their price target on shares of LinkedIn Corp from $240.00 to $271.00 in a research note on Friday, November 13th. RBC Capital reiterated a “buy” rating on shares of LinkedIn Corp in a research note on Wednesday, November 11th. Finally, Brean Capital reiterated a “hold” rating on shares of LinkedIn Corp in a research note on Monday, November 2nd. Seven research analysts have rated the stock with a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $274.88.

For more go to: http://zolmax.com/investing/linkedin-corp-lnkd-downgraded-by-vetr-inc/298527/

 

Salesforce.com, Inc (NYSE:CRM)

Salesforce.com’s stock had its “buy” rating restated by investment analysts at JPMorgan Chase & Co. in a report released on Friday.

Several hedge funds have added to or reduced their stakes in the stock. Jennison Associates boosted its stake in salesforce.com by 3.7% in the third quarter. Jennison Associates now owns 19,768,305 shares of the CRM provider’s stock valued at $1,372,513,000 after buying an additional 709,394 shares during the last quarter. Terra Nova Asset Management boosted its stake in salesforce.com by 365.7% in the third quarter. Terra Nova Asset Management now owns 33,160 shares of the CRM provider’s stock valued at $2,302,000 after buying an additional 26,040 shares during the last quarter. KSA Capital Management acquired a new stake in salesforce.com during the third quarter valued at $1,736,000. ING Groep acquired a new stake in salesforce.com during the third quarter valued at $1,267,000. Finally, KBC Group boosted its stake in salesforce.com by 13.3% in the third quarter. KBC Group now owns 87,310 shares of the CRM provider’s stock valued at $6,062,000 after buying an additional 10,249 shares during the last quarter.

Several other research firms have also recently commented on CRM. Brean Capital reiterated a “buy” rating and set a $86.00 target price on shares of salesforce.com in a research note on Monday, September 14th. Zacks Investment Research upgraded shares of salesforce.com from a “hold” rating to a “buy” rating and set a $85.00 target price for the company in a research note on Thursday, October 15th. Wunderlich reiterated a “buy” rating and set a $85.00 target price on shares of salesforce.com in a research note on Wednesday, September 16th. Vetr cut shares of salesforce.com from a “buy” rating to a “hold” rating and set a $77.47 target price for the company in a research note on Wednesday, December 30th. Finally, MKM Partners reiterated a “buy” rating on shares of salesforce.com in a research note on Monday, January 4th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and forty-two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $87.03.

For more go to: http://www.emqtv.com/salesforce-com-inc-crm-earns-buy-rating-from-jpmorgan-chase-co/115931/

 

 

Time Warner Cable, Inc (NYSE:TWC)

CT Financial Advisors maintained its position in shares of Time Warner Cable Inc during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 211 shares of the cable operator’s stock at the end of the fourth quarter. CT Financial Advisors’ holdings in Time Warner Cable were worth $39,159 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gerstein Fisher purchased a new position in Time Warner Cable during the third quarter worth approximately $241,000. Harvest Management increased its position in Time Warner Cable by 37.9% in the third quarter. Harvest Management now owns 20,000 shares of the cable operator’s stock worth $3,587,000 after buying an additional 5,500 shares in the last quarter. ING Groep increased its position in Time Warner Cable by 2,399.0% in the third quarter. ING Groep now owns 99,960 shares of the cable operator’s stock worth $17,967,000 after buying an additional 95,960 shares in the last quarter. Finally, Water Island Capital purchased a new position in Time Warner Cable during the third quarter worth approximately $44,787,000.

Time Warner Cable Inc traded up 0.95% during midday trading on Friday, hitting $182.93. The stock had a trading volume of 2,114,400 shares. The company has a market cap of $51.81 billion and a P/E ratio of 27.35. The stock’s 50-day moving average is $183.71 and its 200-day moving average is $185.65. Time Warner Cable Inc has a one year low of $134.21 and a one year high of $194.22.

For more go to: http://beanstockd.com/time-warner-cable-inc-twc-position-maintained-by-ct-financial-advisors/234974/

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/

First Global Credit Stock News Roundup 21st December

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

  • Biogen Idec
  • Darden Restaurants
  • Facebook
  • Gold
  • HCA Holdings
  • LinkedIn

 

Biogen Idec, Inc (NASDAQ:BIIB)

Shares of Biogen Inc. (NASDAQ:BIIB) rose by 3.5% in the past week and 1.11% for the last 4 weeks. In the past week, the shares has outperformed the S&P 500 by 3.85% and the outperformance increases to 5.32% for the last 4 weeks.

Biogen Inc. (NASDAQ:BIIB) witnessed a decline in the market cap on Friday as its shares dropped 1.28% or 3.8 points. After the session commenced at $294.8, the stock reached the higher end at $299.8222 while it hit a low of $293.05. With the volume soaring to 2,790,223 shares, the last trade was called at $293.37. The company has a 52-week high of $480.18. The company has a market cap of $65,393 million and there are 222,903,110 shares in outstanding. The 52-week low of the share price is $254.

Biogen Inc. has dropped 1.28% during the last 3-month period. Year-to-Date the stock performance stands at -13.57%.

For more go to: http://www.otcoutlook.com/company-shares-of-biogen-inc-nasdaqbiib-rally-3-5/6161416/

 

Darden Restaurants, Inc (NYSE:DRI)

Shares of Darden Restaurants, Inc. (NYSE:DRI) rose by 8.19% in the past week and 13.37% for the last 4 weeks. In the past week, the shares has outperformed the S&P 500 by 8.56% and the outperformance increases to 18.1% for the last 4 weeks.

Darden Restaurants, Inc. (NYSE:DRI) rose 7.04% or 4.11 points on Friday and made its way into the gainers of the day. After trading began at $59.63 the stock was seen hitting $63.04 as a peak level and $59.48 as the lowest level. The stock ended up at $62.5. The daily volume was measured at 8,070,285 shares. The 52-week high of the share price is $67.694197 and the 52-week low is $51.160158. The company has a market cap of $8,009 million.

Darden Restaurants, Inc. has dropped 10.33% during the last 3-month period. Year-to-Date the stock performance stands at 10.25%.The company shares have rallied 6.6% in the past 52 Weeks. On July 23, 2015 the shares registered one year high of $75.6 and one year low was seen on November 10, 2015 at $53.38. The 50-day moving average is $57.78 and the 200 day moving average is recorded at $66.45. S&P 500 has rallied 3.51% during the last 52-weeks.

For more go to: http://www.otcoutlook.com/company-shares-of-darden-restaurants-inc-nysedri-rally-8-19/6162007/

 

Facebook, Inc (NASDAQ:FB)

Goldman Sachs reiterated their buy rating on shares ofFacebook Inc in a report released on Tuesday morning. The brokerage currently has a $125.00 price objective on the social networking company’s stock.

FB has been the subject of a number of other research reports. Vetr upgraded Facebook from a buy rating to a strong-buy rating and set a $99.55 price objective for the company in a research report on Monday, August 24th. Cantor Fitzgerald reiterated a buy rating on shares of Facebook in a research report on Friday, September 18th. Piper Jaffray upped their price objective on Facebook from $146.00 to $155.00 and gave the company an overweight rating in a report on Thursday, November 5th. JMP Securities upped their price objective on Facebook to $130.00 and gave the company an outperform rating in a report on Thursday, November 5th. Finally, Argus upgraded Facebook from a hold rating to a buy rating and set a $115.00 price objective for the company in a report on Thursday, October 15th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and forty-seven have assigned a buy rating to the company. Facebook currently has a consensus rating of Buy and an average price target of $120.22.

Shares of Facebook opened at 104.04 on Tuesday. The stock has a 50 day moving average price of $105.59 and a 200 day moving average price of $94.72. Facebook has a 12-month low of $72.00 and a 12-month high of $110.65. The firm has a market capitalization of $294.22 billion and a P/E ratio of 104.46.

For more go to: http://www.storminvestor.com/facebook-inc-fb-rating-reiterated-by-goldman-sachs/194288/

 

Gold

Gold edged up on Monday, adding to sharp gains from the previous trading session, as weakness in the dollar and equities helped the metal recoup some losses from last week’s US interest rate hike.

Concern that demand for bullion will take a hit from the rate hike continues to cast a shadow, and is expected to limit any rally in gold, which does not pay interest.

Spot gold had ticked up 0.3% to $1,069 an ounce 3.39am GMT, adding to the 1.4% gain on Friday.

“We believe trading conditions will start to thin out but that does not mean trading ranges will necessarily narrow,” INTL FCStone analyst Edward Meir said.

Liquidity would start to drop as trading entered the last two weeks of the year.

“Given the uninspiring chart patterns, we have to suspect that the path of least resistance remains lower still for the precious group as a whole, exacerbated by a stronger dollar and a more aggressive Fed,” Mr Meir said.

The metal attracted some safe-haven bids on Friday after global equity markets fell sharply as slumping oil prices raised concern about slower growth, while the dollar slipped against the yen on views that the Bank of Japan may not ease policy as much as expected.

But the outlook for the dollar is bullish as the Fed is set to increase rates further next year.

Gold’s rally on Friday followed Thursday’s 2% loss, the metal’s biggest single-day drop in five months, as the Federal Reserve raised US interest rates for the first time in nearly a decade.

For more go to: http://www.bdlive.co.za/markets/2015/12/21/gold-inches-higher-but-dollar-expected-to-cap-gains
HCA Holdings, Inc (NYSE:HCA)

HCA Holdings, Inc. has lost 2.76% during the past week and dropped 4.38% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 2.43%. HCA Holdings, Inc. has underperformed the index by 0.39% in the last 4 weeks. Investors should watch out for further signals and trade with caution.

HCA Holdings, Inc. witnessed a decline in the market cap on Friday as its shares dropped 0.42% or 0.27 points. After the session commenced at $64.31, the stock reached the higher end at $65.6 while it hit a low of $64.18. With the volume soaring to 5,548,784 shares, the last trade was called at $64.47. The company has a 52-week high of $95.489. The company has a market cap of $26,282 million and there are 407,667,700 shares in outstanding. The 52-week low of the share price is $43.91.

HCA Holdings, Inc. has dropped 21.61% during the last 3-month period. Year-to-Date the stock performance stands at -12.15%.The company shares have dropped 13.99% in the past 52 Weeks. On July 14, 2015 the shares registered one year high of $95.49 and one year low was seen on August 24, 2015 at $43.91. The 50-day moving average is $67.81 and the 200 day moving average is recorded at $80.53. S&P 500 has rallied 3.51% during the last 52-weeks.

For more go to: http://www.otcoutlook.com/company-shares-of-hca-holdings-inc-nysehca-drops-by-2-76/6161573/

 

LinkedIn Corp (NYSE:LNKD)

Gerstein Fisher boosted its stake in shares of LinkedIn Corp by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The hedge fund owned 1,135 shares of the social networking company’s stock after buying an additional 26 shares during the period. Gerstein Fisher’s holdings in LinkedIn Corp were worth $216,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Jennison Associates boosted its stake in shares of LinkedIn Corp by 0.3% in the third quarter. Jennison Associates now owns 6,390,275 shares of the social networking company’s stock valued at $1,214,983,000 after buying an additional 19,651 shares in the last quarter. Saturna Capital boosted its stake in shares of LinkedIn Corp by 30.2% in the third quarter. Saturna Capital now owns 112 shares of the social networking company’s stock valued at $21,000 after buying an additional 26 shares in the last quarter. Finally, Baker Avenue Asset Management boosted its stake in shares of LinkedIn Corp by 47.8% in the third quarter. Baker Avenue Asset Management now owns 3,092 shares of the social networking company’s stock valued at $588,000 after buying an additional 1,000 shares in the last quarter.

Shares of LinkedIn Corp opened at 225.80 on Monday. The company has a 50 day moving average price of $243.20 and a 200 day moving average price of $212.11. LinkedIn Corp has a one year low of $165.57 and a one year high of $276.18. The company’s market cap is $29.60 billion.

For more go to: http://www.dakotafinancialnews.com/linkedin-corp-lnkd-shares-bought-by-gerstein-fisher/750841/

First Global Credit Stock News Roundup – 17th December

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

  • Amazon.com
  • Bitcoin
  • Clovis Oncology
  • Gold
  • Macquarie Infrastructure
  • Microsoft
  • Netflix
  • Oracle

 

Amazon.com, Inc (NASDAQ:AMZN)

Amazon.com’s stock had its “strong-buy” rating reaffirmed by Raymond James in a report issued on Wednesday.

A number of hedge funds and institutional investors recently added to or reduced their stakes in AMZN. Perigon Wealth Management raised its position in Amazon.com by 1.5% in the third quarter. Perigon Wealth Management now owns 5,371 shares of the e-commerce giant’s stock valued at $2,749,000 after buying an additional 81 shares during the period. Northcoast Asset Management bought a new position in Amazon.com during the third quarter valued at approximately $1,572,000. Terra Nova Asset Management raised its position in Amazon.com by 101.3% in the third quarter. Terra Nova Asset Management now owns 6,272 shares of the e-commerce giant’s stock valued at $3,211,000 after buying an additional 3,156 shares during the period. ING Groep raised its position in Amazon.com by 130.5% in the third quarter. ING Groep now owns 37,666 shares of the e-commerce giant’s stock valued at $19,274,000 after buying an additional 21,325 shares during the period. Finally, Meag Munich Ergo Kapitalanlagegesellschaft bought a new position in Amazon.com during the third quarter valued at approximately $11,705,000.

Amazon.com traded up 2.60% during trading on Wednesday, reaching $675.77. 3,956,441 shares of the company traded hands. Amazon.com has a 52 week low of $285.25 and a 52 week high of $684.82. The firm has a market capitalization of $316.77 billion and a price-to-earnings ratio of 968.15. The company’s 50-day moving average price is $655.98 and its 200 day moving average price is $538.30.

For more go to: http://www.dakotafinancialnews.com/raymond-james-reiterates-strong-buy-rating-for-amazon-com-inc-amzn/739493/

 

Bitcoin

Several major companies from across both the technology and financial industries—including IBM, Intel, and Cisco as well as the London Stock Exchange Group and big-name banks JP Morgan, Wells Fargo, and State Street—have joined forces to create an alternative to the blockchain, the global online ledger that underpins the bitcoin digital currency.

Overseen by the not-for-profit Linux Foundation, this open source project aims to build blockchain-like technology that can bring a new level of automation and transparency to a wide range of services in the business world, including stock exchanges and other financial markets.

“The current blockchain is a great design pattern,” says Jerry Cuomo, vice president and chief technology officer of IBM’s software group. “Now, how do we make that real for business? What are the key attributes needed to make that happen? That’s what this organization is about.”

Dubbed the Open Ledger Project, this effort is a re-imagining of several big ideas. The blockchain is essentially a database that runs across a worldwide network of independent machines—a database that’s controlled by no single entity but can still reliably track the exchange of assets, thanks to some nifty mathematics. With bitcoin, the blockchain tracks the exchange of money. But it can also track the exchange of anything else that carries value—including stocks, bonds, and other financial securities, as well as assets like houses and car titles. And in recent months, several projects have seized on many of these possibilities.

For more go to: http://www.wired.com/2015/12/big-tech-joins-big-banks-to-create-alternative-to-bitcoins-blockchain/

 

Clovis Oncology, Inc (NASDAQ:CLVS)

Clovis Oncology Inc’s share price rose 4.4% during trading on Tuesday. The stock traded as high as $33.30 and last traded at $32.52, with a volume of 716,170 shares changing hands. The stock had previously closed at $31.15.

CLVS has been the subject of several recent analyst reports. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $42.00 price target (down previously from $110.00) on shares of Clovis Oncology in a research report on Tuesday, November 17th. Piper Jaffray lowered their price target on Clovis Oncology from $92.00 to $28.00 and set a “neutral” rating for the company in a research report on Monday, November 16th. Mizuho reaffirmed a “buy” rating and issued a $103.00 price target on shares of Clovis Oncology in a research report on Tuesday, September 8th. WallachBeth Capital lifted their price target on Clovis Oncology from $115.00 to $134.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $45.00 price target (down previously from $140.00) on shares of Clovis Oncology in a research report on Monday, November 16th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Clovis Oncology currently has an average rating of “Buy” and a consensus price target of $42.86.

The firm’s market capitalization is $1.28 billion. The firm has a 50-day moving average price of $59.02 and a 200 day moving average price of $80.57.

For more go to: http://putnamstandard.com/2015/12/16/clovis-oncology-inc-clvs-stock-price-up-4-4/691786/

 

Gold

Gold slipped on Thursday to give back some of its overnight gains, with trading choppy as the dollar surged after the Federal Reserve hiked U.S. interest rates for the first time in nearly a decade.

The U.S. central bank raised the range of its benchmark interest rate by a quarter of a percentage point on Wednesday, ending a lengthy debate about whether the economy was strong enough to withstand higher borrowing costs.

Gold has slumped nearly 10 percent this year, largely on uncertainty around the timing of the rate rise and on fears that higher rates would hit demand for the non-interest-paying metal. It had fallen to a near-six-year low earlier this month.

Spot gold had dipped 0.6 percent to $1,066.20 an ounce by 0609 GMT. The metal had rallied before the Fed decision on Wednesday and managed to hold most of those gains after the central bank statement, ending the day up 1.2 percent.

U.S. gold fell 1 percent to a session low of $1,064.20, following a 1.4 percent gain in the previous session. “This morning, it is more of a dollar story,” said a Hong Kong-based precious metals trader. “The market pretty much expected the comments we heard from the Fed,” the trader said, adding that the most-likely move for gold was to go lower.

The dollar index, which measures its strength against a basket of six major currencies, rose 1 percent on Thursday. A robust dollar makes greenback-denominated gold more expensive for holders of other currencies.

Other precious metals also took a hit from a stronger dollar. Palladium fell nearly 3 percent to a session low of $552.22 an ounce, while silver and platinum  dropped about 1 percent each.

With the much anticipated first rate hike out of the way, the focus now shifts to the pace of future rate increases. The U.S. central bank made clear the rate hike was a tentative beginning to a “gradual” tightening cycle. But the rate forecasts, or dot points, from Fed members were a little higher than many expected with 100 basis points of hikes pencilled in for next year and a terminal rate of 3.5 percent.

The divergence between the Fed forecasts and the market could hurt gold prices as investors begin to align their views with the central bank.

For more go to: http://uk.reuters.com/article/global-precious-idUKL3N1461OZ20151217

 

Macquarie Infrastructure Company (NYSE:MIC)

Shares of Macquarie Infrastructure Company LLC (NYSE:MIC) have earned a consensus rating of “Buy” from the seven brokerages that are presently covering the stock. One equities research analyst has rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $96.25.

In other Macquarie Infrastructure Company news, Director George W. Carmany III sold 10,000 shares of the company’s stock in a transaction dated Wednesday, December 2nd. The shares were sold at an average price of $76.92, for a total value of $769,200.00. Following the completion of the sale, the director now directly owns 42,149 shares of the company’s stock, valued at approximately $3,242,101.08.

A hedge fund recently raised its stake in Macquarie Infrastructure Company stock. Terra Nova Asset Management raised its stake in shares of Macquarie Infrastructure Company LLC (NYSE:MIC) by 11.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,482 shares of the company’s stock after buying an additional 3,907 shares during the period. Macquarie Infrastructure Company accounts for approximately 2.5% of Terra Nova Asset Management’s portfolio, making the stock its 5th largest position. Terra Nova Asset Management’s holdings in Macquarie Infrastructure Company were worth $2,798,000 at the end of the most recent reporting period.

For more go to: http://www.dakotafinancialnews.com/macquarie-infrastructure-company-llc-nysemic-given-average-recommendation-of-buy-by-analysts/739043/

 

Microsoft Corporation (NASDAQ:MSFT)

Microsoft (NASDAQ:MSFT) Buy Rating Reiterated at Deutsche Bank; With $65.0 Target. Deutsche Bank’s target would suggest a potential upside of 17.75 % from the company’s stock close price. This was revealed to clients and investors in a report on Wednesday morning.

Microsoft is now trading 1.68% higher at $56.13 as of 11:22 New York time. Microsoft’s stock is up 29.22% over the past 200 days. It has outperformed the Standard & Poor’s 500 index, which has dropped -3.05% over the same time period.

According to data compiled by Thomson Reuters, Microsoft’s stock is covered by 31 equity analysts across the Street, with 4 analysts giving it a Sell rating, 20 a Buy rating, while 10 consider it a Hold. The 12-month consensus target price for the stock is $56.45, which reflects an upside potential of 0.57% over the current price.

For more go to: http://www.octafinance.com/microsoft-nasdaqmsft-buy-rating-reiterated-at-deutsche-bank-with-65-0-target/

 

Netflix, Inc (NASDAQ:NFLX)

Vetr upgraded shares of Netflix, Inc. from a hold rating to a buy rating in a report issued on Thursday morning. They currently have $128.93 price objective on the Internet television network’s stock.

Shares of Netflix traded up 3.41% during midday trading on Thursday, hitting $122.64. The stock had a trading volume of 13,148,075 shares. The firm has a market cap of $52.41 billion and a PE ratio of 326.17. The firm has a 50-day moving average of $117.53 and a 200 day moving average of $107.46. Netflix has a 12-month low of $45.08 and a 12-month high of $133.27.

Netflix last released its quarterly earnings results on Wednesday, October 14th. The Internet television network reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by $0.01. During the same period in the previous year, the business posted $0.14 EPS. The firm earned $1.74 billion during the quarter, compared to the consensus estimate of $1.75 billion. The business’s quarterly revenue was up 23.3% compared to the same quarter last year. On average, analysts expect that Netflix will post $0.20 earnings per share for the current year.

For more go to: http://www.intercooleronline.com/stocks/netflix-inc-nflx-upgraded-by-vetr-inc-to-buy/302965/

 

Oracle Corporation (NASDAQ:ORCL)

Business software maker Oracle Corp on Wednesday delivered a third-quarter profit forecast that did not quite meet analysts’ expectations, and the company’s shares fell about 1 percent in extended trading.

Oracle forecast third-quarter profit of about 63-66 cents per share, with revenue flat or up 3 percent which translates to US$9.33 billion-US$9.61 billion. The company’s shift from licensing software to cloud-based subscriptions has squeezed its margins.

Analysts on average were expecting profit of 65 cents per share on revenue of US$9.28 billion, according to Thomson Reuters I/B/E/S.

“This is a softer outlook than the Street was expecting and speaks to the massive growth challenges ahead,” FBR Capital Markets analyst Daniel Ives said.

Oracle, like other established technology companies, has been moving its business to the cloud-based model, essentially providing services remotely via data centers rather than selling installed software.

In the second quarter ended Nov. 30, revenue from the company’s cloud-computing software and platform service rose 34 percent to US$484 million.

Total revenue fell 6.3 percent to US$8.99 billion, missing analysts average estimate of US$9.06 billion, according to Thomson Reuters I/B/E/S.

Oracle’s second-quarter net income fell to US$2.2 billion, or 51 cents per share, from US$2.5 billion, or 56 cents per share, a year earlier.

Excluding items, it earned 63 cents per share, beating average analysts’ estimate of 60 cents per share.

Up to Wednesday’s close, Oracle’s stock had fallen 13.5 percent this year.

For more go to: http://www.channelnewsasia.com/news/business/oracle-profit-forecast-fa/2354218.html

First Global Credit Stock News Roundup – 8th December

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

  • Apple
  • Bitcoin
  • Cisco Systems
  • Eli Lilly
  • HCA Holdings
  • LinkedIn
  • Sanderson Farms
  • Twitter

 

Apple, Inc (NASDAQ:AAPL)

Pacific Crest reiterated their buy rating on shares ofApple Inc. (NASDAQ:AAPL) in a research note published on Monday morning.

Apple opened at 118.28 on Monday. The firm’s 50-day moving average price is $117.50 and its 200 day moving average price is $118.98. Apple has a 52 week low of $92.00 and a 52 week high of $134.54. The company has a market capitalization of $659.45 billion and a PE ratio of 12.83.

Apple last posted its quarterly earnings data on Tuesday, October 27th. The iPhone maker reported $1.96 EPS for the quarter, topping the consensus estimate of $1.88 by $0.08. During the same period last year, the business earned $1.42 EPS. The company earned $51.50 billion during the quarter, compared to the consensus estimate of $51.02 billion. The firm’s quarterly revenue was up 22.3% compared to the same quarter last year. Equities research analysts expect that Apple will post $9.85 earnings per share for the current fiscal year.

For more go to: http://www.storminvestor.com/apple-inc-aapl-receives-buy-rating-from-pacific-crest/167574/

 

Bitcoin

A new research suggested that cryptocurrency Bitcoin is set to become the sixth largest reserve currency in the next 15 years. CNBC said U.K.-based Magister Advisors, which conducted the research, interviewed thirty of the cryptocurrency industry insiders across the globe regarding Bitcoin’s reserve currency status. Magister Advisors is known in the industry as a technology mergers and acquisitions adviser.

In a press release, Magister Advisors partner and research leader Jeremy Millar said, “We have now reached a fork in the road with bitcoin and blockchain. Bitcoin has proven itself as an established currency. Blockchain, more fundamentally, will become the default global standard distributed ledger for financial transactions.”

Blockchain, by definition, is a system that allows the distribution of cryptocurrencies while being able to guarantee and verify the transactions.

On the other hand, Valuewalk noted that the research also showed the industry’s take on Bitcoin’s volatility. According to the research participants, close to 90% of Bitcoin owned is due to speculative investment as opposed to using it for commercial transactions.

For more go to: http://www.econotimes.com/Research-Says-Bitcoin-To-Grow-Into-6th-Largest-Reserve-Currency-By-2030-127345

  

Cisco Systems, Inc (NASDAQ:CSCO)

Shares of Cisco Systems, Inc. (NASDAQ:CSCO) have earned a consensus recommendation of “Buy” from the thirty-seven analysts that are currently covering the company. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-five have issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $32.62.

A number of research firms have recently commented on CSCO. Vetr lowered Cisco Systems from a “strong-buy” rating to a “buy” rating and set a $30.88 price objective for the company. In a research note on Tuesday, December 1st. SunTrust began coverage on Cisco Systems in a research report on Tuesday, November 24th. They set a “buy” rating and a $32.00 price target on the stock. William Blair reiterated a “buy” rating on shares of Cisco Systems in a report on Monday, November 23rd. Zacks Investment Research cut Cisco Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, November 17th. Finally, Guggenheim reaffirmed a “hold” rating on shares of Cisco Systems in a research report on Sunday, November 15th.

Shares of Cisco Systems traded down 0.200% during trading on Monday, reaching $27.425. The company’s stock had a trading volume of 10,166,993 shares. The stock has a market cap of $139.21 billion and a P/E ratio of 14.588. The stock’s 50-day moving average is $27.98 and its 200-day moving average is $27.66. Cisco Systems has a 12-month low of $23.03 and a 12-month high of $30.31.

For more go to: http://www.dakotafinancialnews.com/cisco-systems-inc-nasdaqcsco-receives-average-rating-of-buy-from-analysts/712131/

 

Eli Lilly (NYSE:LLY)

Equity research analysts at Deutsche Bank’s equities division increased Eli Lilly’s stock from “Hold” to “Buy” on Monday, 7 December. The analysts at Deutsche Bank have a price target of $99.0 on LLY or 14.29% more upside.

Out of 19 analysts covering Eli Lilly and Company, 14 rate it “Buy”, 0 “Sell”, while 7 “Hold”. This means 67% are positive. $121 is the highest target while $82 is the lowest. The $97.53 average target is 17.05% above today’s ($86.14) stock price. Eli Lilly and Company was the topic in 21 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Barclays Capital upgraded the stock on December 1 to “Overweight” rating. Leerink Swann maintained the shares of LLY in a report on November 12 with “Outperform” rating. Finally, Cowen & Co maintained the stock with “Outperform” rating in an August 24 report.

About 3.40M shares traded hands. Eli Lilly and Co (NYSE:LLY) has risen 18.58% since May 4, 2015 and is uptrending. It has outperformed by 19.65% the S&P500.

For more go to: http://www.financialmagazin.com/what-to-expect-after-eli-lilly-nysellys-upgrade-rating-from-deutsche-bank-the-target-price-given-is-99-0/

 

HCA Holdings, Inc (NYSE:HCA)

The shares of HCA Holdings, Inc. traded with a loss of -0.13 points or -0.19% in the most recent session. The shares last traded at $67.25. As per the trading info, the shares saw $50.23 million in upticks and lost $48.04 million in downticks, resulting in a net money flow of $2.19 million. The up/down ratio for the day was measured at 1.05. For the week, the shares had posted -3.17%.From the block trade data available, the total upticks were valued at $6.23 million and the total downticks were valued at $0.68 million, thereby putting the up/down ratio at 9.12. The net money flow for the block transaction was $5.55 million.

During the last several months other analysts have commented on the company rating. In the latest statement by the brokerage house, Cantor Fitzgerald maintains its outlook on HCA Holdings, Inc. The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm lowers the price target from $105 per share to $95 per share. The rating by the firm was issued on October 28, 2015.

For more go to: http://www.moneyflowindex.org/shares-of-hca-holdings-inc-nysehca-sees-large-inflow-of-net-money-flow/3203726/

 

LinkedIn Corp (NYSE:LNKD)

LinkedIn Corp was upgraded by investment analysts at Vetr from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $247.01 price objective on the social networking company’s stock. Vetr‘s target price suggests a potential upside of 5.31% from the stock’s current price.

A number of other equities analysts have also recently commented on the stock. Nomura assumed coverage on shares of LinkedIn Corp in a research report on Friday. They issued a “buy” rating and a $290.00 target price for the company. Citigroup Inc. boosted their price target on LinkedIn Corp from $240.00 to $271.00 in a research note on Friday, November 13th. RBC Capital reissued a “buy” rating on shares of LinkedIn Corp in a research note on Wednesday, November 11th. MKM Partners upped their price objective on LinkedIn Corp from $285.00 to $310.00 and gave the company a “buy” rating in a research note on Tuesday, November 10th. They noted that the move was a valuation call. Finally, Piper Jaffray reiterated an “overweight” rating and issued a $287.00 target price (up from $240.00) on shares of LinkedIn Corp in a report on Thursday, November 5th. Seven research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $274.83.

For more go to: http://www.dakotafinancialnews.com/linkedin-corp-lnkd-upgraded-to-buy-by-vetr-inc/713040/

 

Sanderson Farms, Inc (NASDAQ:SAFM)

Shares of Sanderson Farms, Inc. rose by 2.59% in the past week and 6.59% for the last 4 weeks. In the past week, the shares have outperformed the S&P 500 by 2.52% and the outperformance increases to 6.97% for the last 4 weeks.

Sanderson Farms, Inc. is up 14.22% in the last 3-month period. Year-to-Date the stock performance stands at -8.36%.The company shares have dropped -19.39% from its 1 Year high price. On Dec 8, 2014, the shares registered one year high at $95.67 and the one year low was seen on Aug 25, 2015. The 50-Day Moving Average price is $70.48 and the 200 Day Moving Average price is recorded at $71.98.

During the last several months other analysts have commented on the company rating. CLSA upgrades its rating on Sanderson Farms, Inc. Analysts at the CLSA have a current rating of Outperform on the shares. The shares were previously rated Underperform. The rating by the firm was issued on December 3, 2015.

Shares of Sanderson Farms, Inc. ended Friday session in red amid volatile trading. The shares closed down 0.08 points or 0.11% at $75.55 with 661,806 shares getting traded. Post opening the session at $76.01, the shares hit an intraday low of $74.41 and an intraday high of $76.23 and the price vacillated in this range throughout the day. The company has a market cap of $1,693 million and the number of outstanding shares have been calculated to be 22,413,429 shares. The 52-week high of Sanderson Farms, Inc. is $95.67 and the 52-week low is $64.13.

For more go to: http://www.insidertradingreport.org/company-shares-of-sanderson-farms-inc-nasdaqsafm-rally-2-59/6195126/

 

Twitter, Inc (NYSE:TWTR)

Twitter, Inc. surged 0.12% during the last session. The last traded price was up 0.03 points at $25.05. The data for the fund flow suggests that the net intraday money flow was $(-3.6) million. The fund value in upticks was recorded to be $2.75 million and in downticks, it was found to be $6.35 million. The up/down ratio for the day was measured to be 0.43. For the week, the shares have seen a percentage change of 0.12%.A block trade of $(-4.12) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $4.12 million. The block tradeoff had the up/down ratio of 0.

Shares of Twitter, Inc. ended Monday session in red amid volatile trading. The shares closed down 0.56 points or 2.24% at $24.46 with 16,872,129 shares getting traded. Post opening the session at $24.99, the shares hit an intraday low of $24.13 and an intraday high of $25.16 and the price vacillated in this range throughout the day. The company has a market cap of $16,705 million and the number of outstanding shares have been calculated to be 682,946,650 shares. The 52-week high of Twitter, Inc. is $53.49 and the 52-week low is $21.01.

For more go to: http://newswatchinternational.com/news/shares-of-twitter-inc-nysetwtr-sees-large-outflow-of-money-4.html

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