First Global Credit Stock News Roundup – 1st September

First Global Credit Stock News Roundup – 1st September


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

  • Activision Blizzard
  • Bitcoin
  • Cameron International Corporation
  • FireEye, Inc
  • Gold
  • Hasbro
  • ManpowerGroup


Activision Blizzard, Inc (NASDAQ:ATVI)

Vetr downgraded shares of Activision Blizzard from a strong-buy rating to a buy rating in a research report published on Wednesday morning. Analysts have been optimistic about Activision and other game companies because the trend toward online gaming from CDs and DVDs is expanding profit margins. Institutional Investors own 69.5% of Company shares. Since the beginning of the year shares of the company have increased in value by about 47%.

Activision Blizzard earns a 95 IBD Composite Rating. This is the median number based on the 14 analysts offering projections. The standard deviation of the price stands at $2.84. The business offers games that run on the Microsoft Corporation (Microsoft) Xbox One (Xbox One) and Xbox 360 (Xbox 360), Nintendo Co.

Activision Blizzard, being added to the S&P 500 Index on Friday after the close, in a move that solidifies the company’s dominance as a 3rd party developer. The Company’s business consists of operations that provide warehousing, logistical, and sales distribution services to third-party publishers of interactive entertainment software, publishing operations, and manufacturers of interactive entertainment hardware.

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A former US Secret Service agent has pleaded guilty to stealing $820,000 (£521,000) of bitcoins during the investigation of the Silk Road website.

Shaun Bridges was part of the federal task force that helped investigate and shut down the Silk Road – an underground marketplace for drugs.

The Silk Road’s founder, Ross Ulbricht, was sentenced to life in prison in May for running the site.

Bridges is the second agent involved in the case caught stealing digital cash.

He pleaded guilty to counts of money laundering and obstruction of justice while stealing the virtual cash, during a court hearing on Monday in San Francisco. He will be sentenced in December.

Bridges was caught despite trying to conceal his theft via a series of complex financial manoeuvres that were aided by his position as a forensic investigator on the Silk Road case. The vast majority of the $214m of sales made via the site were completed using bitcoins.

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Cameron International Corporation

Cameron International Corporation 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 1.7 by 20 Wall Street Analysts. 12 analysts have added the shares in their list of strong buys. 2 stock experts have also rated a buy. 6 analysts have advised hold.

The mean estimate for the short term price target for Cameron International Corporation stands at $60.29 according to 17 Analysts. The higher price target estimate for the stock has been calculated at $76 while the lower price target estimate is at $50.

The 52-week high of the share price is $74.89 and the company has a market cap of $12,725 million. The 52-week low of the share price is at $39.52.

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FireEye, Inc (NASDAQ:FEYE)

According to the analysts polled by Zack’s Research, FireEye, Inc. (NASDAQ:FEYE) has been given a one year consensus price target range of $34 to $65. The average, or consensus number of the polled firms, yields a mean of $55.312.

The same analysts are projecting that FireEye, Inc. will report EPS of $-0.87 when the firm next issues their quarterly earnings release on or around 2015-11-03. In the most recent quarter the company reported earnings of $-0.78 that ended on 2015-06-30.

Shares of FireEye, Inc. opened the most recent trading session at 38.62 and closed at 39.19. During the course of the session, 3368951 shares traded hands.

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Gold rose as investors looked for a haven during the equity selloff sparked by concern of a worsening slowdown in China’s economy.

Asian shares started a worldwide rout after a gauge of Chinese manufacturing fell to a three-year low and European stocks followed after data pointed to weaker growth in the region. The Chinese government’s Purchasing Managers’ Index dropped to 49.7 in August, its first dip below 50 since February.

“Poorer China PMI and a declining stock market is proving supportive for gold,” David Wilson, a metals analyst at Citigroup Inc., said by phone from London on Tuesday. “Downside risk to the price is also limited, with a large subsection of the market thinking that the Fed will keep its powder dry in September.”

The gains extended a monthly advance for gold that was the biggest since January. Investors are scanning data for signs of China’s impact on the global economy and factory gauges from France, Norway and Russia signaled contractions on Tuesday before data from the U.S. that economists predict will show slower growth.

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Hasbro, Inc (NASDAQ:HAS)

Hasbro, Inc. (NASDAQ:HAS) 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 2.8 by 10 Wall Street Analysts. 1 analysts have added the shares in their list of strong buys. 9 broker firms have advised hold.

6 Analysts have given the stock of Hasbro, Inc. a near short term price target of $82. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $10.72. The higher price target estimate is at $93 while the lower price estimates are fixed at $62.

Shares of Hasbro Inc. appreciated by 4.79% during the last five trading days but lost 5.27% on a 4-week basis. Hasbro Inc. is up 3.95% in the last 3-month period. Year-to-Date the stock performance stands at 38.37%.

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ManpowerGroup, Inc (NYSE:MAN)

ManpowerGroup was upgraded by Zacks from a “hold” rating to a “buy” rating in a report released on Monday. The brokerage presently has a $98.00 price target on the stock. Zacks‘s price objective would suggest a potential upside of 12.53% from the stock’s previous close.

ManpowerGroup traded down 0.22% on Monday, hitting $86.90. 313,289 shares of the company were exchanged. The company has a market capitalization of $6.67 billion and a P/E ratio of 16.52. The firm’s 50 day moving average is $91.16 and its 200 day moving average is $86.57. ManpowerGroup has a 52 week low of $57.55 and a 52 week high of $96.87.

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