First Global Credit Stock News Roundup – 16th July

First Global Credit Stock News Roundup – 16th July


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

  • Activision Blizzard
  • Bitcoin
  • eBay
  • Eli Lilly
  • Gold
  • Google
  • LinkedIn
  • Netflix


Activision Blizzard, inc (NASDAQ:ATVI)

Shares of Activision Blizzard have earned a consensus rating of “Buy” from the twenty-three brokerages that are covering the company. One equities research analyst has rated the stock with a sell rating, nineteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $27.89.

Activision Blizzard traded down 1.04% on Thursday, hitting $25.79. 1,452,532 shares of the company’s stock traded hands. Activision Blizzard has a 52-week low of $17.73 and a 52-week high of $26.21. The stock has a 50-day moving average of $25.25 and a 200-day moving average of $23.23. The company has a market cap of $18.73 billion and a price-to-earnings ratio of 20.44

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Russian President Vladimir Putin recently mentioned that bitcoin and other cryptocurrencies can be used as a potential unit for calculation. This was taken by some digital currency enthusiasts as a sign that Russia is starting to embrance bitcoin, but Kremlin spokesman Dmitry Peskov clarified that this statement shouldn’t be interpreted as approval.

Last month, Chairman of the Russian Central Bank Elvira Nabiullina said that the Bank of Russia understands the attractive sides of bitcoin for consumers, but also sees the risks of their use. While Putin’s recent remarks suggest that they are no longer so close-minded about bitcon, spokesperson Peskov said that they are not supportive of developments either.

“The talk was not specifically about Bitcoins. It was about some forms of conditional payments. It cannot be taken as a specific support for Bitcoins,” Peskov told reporters.

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eBay, inc (NASDAQ:EBAY)

E-commerce company eBay Inc is nearing a deal to sell its enterprise business to a consortium led by private equity firm Permira for about $900 million, the Wall Street Journal reported.

The deal could be announced as soon as Thursday, along with the company’s second-quarter results, the Journal reported, citing people familiar with the matter.

EBay said in January that it would explore a sale or public offering of the enterprise business, which did not fit neatly with its PayPal or marketplace divisions.

EBay’s enterprise business, formerly known as GSI Commerce, helps retailers around the world beef up their online presence and e-commerce capabilities. It generated $288 million in revenue in the first quarter.

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Eli Lilly & Co. (NYSE:LLY)

One of the S&P 500’s big losers for Wednesday July 15 was Eli Lilly & Co. (LLY). The company’s stock fell 2.68% to $86.38 on volume of 6.61 million shares.

The stock opened the day at 87.79 and traded between a low of $86.10 and a high of $88.17. The stock finished the day down $2.38 per share. Eli Lilly & Co. has a total float of 1.11 billion shares. The high for the stock over the last 52 weeks is $90.18 and the low is $60.14.

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On Wednesday, gold dropped to the lowest level since November last year after the US Federal Reserve said the world’s largest economy favours a rate rise this year.

Futures contracts in New York with August delivery dates were priced as low as $1,141.90 an ounce down more than $10 from yesterday’s close following comments by Fed chair Janet Yellen in testimony to US politicians.

That was the lowest since November 7 when gold briefly dipped to $1,135 an ounce before recovering to end that day at $1,173 an ounce. For a sustained period below $1,150 an ounce you have to go back to April 2010.

The Fed is on course to raise interest rates before the of the year – a decision that would show the country’s recovery from the “trauma” of the 2008-2009 financial crisis according to Yellen.

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Google, inc (NASDAQ:GOOG)

Google (NASDAQ:GOOG) had its price target upped by B. Riley from $614.00 to $710.00 in a research note issued to investors on Wednesday. The firm currently has a buy rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Vetr downgraded shares of Google from a strong-buy rating to a buy rating and set a $582.50 price target on the stock in a research note on Monday. Analysts at Pivotal Research downgraded shares of Google from a buy rating to a hold rating and lowered their price target for the stock from $640.00 to $570.00 in a research note on Monday.

Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and three have assigned a strong buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $627.85.

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LinkedIn Corp (NYSE:LNKD)

Barclays upgraded shares of LinkedIn Corp (NYSE:LNKD) from an equal weight rating to an overweight rating in a report issued on Wednesday. They currently have $250.00 target price on the social networking company’s stock, up from their previous target price of $225.00.

Shares of LinkedIn Corp traded up 2.18% on Wednesday, hitting $218.54. 2,360,290 shares of the company’s stock traded hands. LinkedIn Corp has a 52 week low of $156.30 and a 52 week high of $276.18. The stock has a 50-day moving average of $210.67 and a 200-day moving average of $233.60. The company’s market cap is $27.53 billion.

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Netflix, inc (NASDAQ:NFLX)

On Wednesday afternoon, streaming video market leader Netflix, reported another quarter of stellar subscriber growth. By the end of June, its global subscriber base eclipsed 65 million users, up from just 50 million a year earlier.

On the other hand, this strong subscriber growth isn’t leading to strong profitability for Netflix. Instead, the company continues to operate a little above breakeven. That said, if Netflix can maintain its subscriber momentum for a few more years, it should be able to leverage its expenses and start churning out significant profits.

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