First Global Credit Stock News Roundup – 14th July

First Global Credit Stock News Roundup – 14th July


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

  • Apple
  • Bitcoin
  • Cree
  • Dow Jones Industrial Average
  • Facebook
  • Microsoft
  • Priceline Group, inc (NASDAQ:AMZN), inc stock rose to new highs Monday, ahead of the e-commerce giant’s Prime Day sales event later this week that it says will rival Black Friday in terms of deals.

The stock surged 2.7% to a record close of $455.57. It reached an all-time intraday high of $457.87 earlier in the session.

Amazon shares have now soared 47% year to date, making it the fourth-best performer among S&P 500 components this year. What makes that performance even more impressive is that the broader market has been at a virtual standstill, with the S&P 500 up just 2% this year.

Amazon’s market value has climbed to $212.2 billion, according to FactSet, more than double the value of many components in the Dow Jones Industrial Average, such as McDonald’s Corp. Goldman Sachs Group Inc. Boeing Co. and Nike Inc.

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Apple, Inc (NASDAQ:AAPL)

Last summer, Apple’s lead in the smartphone market, measured by the company’s share of industry profits, was far beyond second-place Samsung. But since then, Apple’s share of smartphone profits has leaped even further, highlighting the tech giant’s dominance in the massive market.

The last 12 months have been great for Apple. Not only has the stock been up 31% during this time, trumping the S&P 500’s gain of 6.5%, but Apple’s underlying business also has been firing on all cylinders, particularly its phone business. In its most recent quarter, for instance, it sold 61.2 million iPhones, up from 43.7 million in the year-ago quarter. Even more, the average selling price of iPhones during this time actually increased, rising from $596 to $659.

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Four-month old Bitcoin startup Bitchain has installed the first 2-way Bitcoin ATM in Athens, Greece. The ATM has been installed at a Greek co-working space TheCube in the light of the recent liquidity crisis.

The ATM will facilitate Bitcoin to Euro and vice-versa conversions in order to help the citizens of the cash-strapped nation. The ATM has a daily withdrawal limit of €1,000, which exceeds the daily ATM withdrawal limit of €60 in Greece by €940.

part from Greece, other European nations witnessing an inclination towards Bitcoin are Spain, Portugal, Italy as the masses become more concerned about the fate of their funds. Michael Casey, Senior Advisor at MIT Media Lab’ Digital Currency Initiative said:  “You buy a Bitcoin now because you think sometime in the future you’ll have your banks shut and your currency reintroduced. Gold was the old hedge against this sort of thing. Bitcoin is the new one.”

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In an analyst report issued to investors and clients on Monday morning, Cree Inc (NASDAQ:CREE) stock “Hold” was kept by Analysts at Canaccord Genuity. They currently have a $28.00 PT on the stock. Canaccord Genuity’s PT means a potential upside of 10.98% from the company’s close price.

NASDAQ:CREE is at the moment trading 1.73% higher at $25.23 as of 08:07 New York time. Cree Inc.’s stock is down -39.93% in the past 200 days. It has underperformed the Standard & Poor’s 500 index, which has risen 4.73% in the same time.

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 Dow Jones Industrial Average

Dow Jones Industrial Average Closes Up 217 Points As ‘Grexit’ Fears Ease. U.S. stocks closed sharply higher Monday, with all three benchmark indexes gaining more than 1 percent after

Greece reached a tentative bailout deal with its international creditors. All 10 sectors in the S&P 500 finished higher, led by gains in the information technology and consumer discretionary sectors.

Nearly all 30 stocks in the Dow closed higher Monday as chemical maker DuPont Co. (NYSE:DD) led the blue-chip index higher, gaining more than 2 percent. Technology also drove the index higher as software company Microsoft Corporation (NASDAQ:MSFT), iPhone maker Apple Inc. (NASDAQ:AAPL) and chip maker Intel Corporation (NASDAQ:INTC) all rose more than 2 percent.

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Facebook, Inc. (NASDAQ:FB)

Facebook Inc has had its stock rating noted as ‘Reiterated’ with the recommendation being set at ‘BUY’ today by analysts at Pivotal Research Group. Facebook Inc are listed in the Technology sector within NASDAQ. Pivotal Research Group have set their target price at 105 USD on its stock. This now indicates the analyst believes there is a potential upside of 18.4% from today’s opening price of 88.66 USD.

Facebook Inc NASDAQ:FB has a 50 day moving average of 82.97 USD and the 200 Day Moving Average price is recorded at 79.93 USD. The 52 week high for the share price is currently at 90.22 USD while the year low share price is currently 64.79 USD.

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Microsoft Corporation (NASDAQ:MSFT)

In trading on Monday, shares of Microsoft Corporation (Symbol: MSFT) crossed above their 200 day moving average of $45.39, changing hands as high as $45.61 per share. Microsoft Corporation shares are currently trading up about 2.1% on the day.

Looking at the chart above, MSFT’s low point in its 52 week range is $40.12 per share, with $50.05 as the 52 week high point – that compares with a last trade of $45.53.

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Priceline Group Inc (NASDAQ:PCLN)

In a research note issued to investors, Naved Khan at Cantor Fitzgerald Reiterated their Buy rating on Priceline Group Inc (NASDAQPCLN). The analyst placed a $1360.00 price target on the stock which indicates a 18.90% upside to the last closing price. In the year following Khan’s ratings, the stocks covered yield an average return of 22.60% according to In the past year 33 out of 47 recommendations or 70.00% were successful.

On a consensus basis, Wall Street sell-side analysts have a mean target price of $1349.8 for The Priceline Group Inc. (NASDAQ:PCLN). This number is based on the mean estimate from the 15 research firms that recently issued reports on the company.

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