The latest news round up for trade-able items on the First Global Credit platform, covering:
- Health Net
- Microsoft Corporation
- Twitter, Inc
Sterne Agee CRT reiterated their buy rating on shares of Boeing (NYSE:BA) in a research report sent to investors on Wednesday morning. The firm currently has a $196.00 price target on the aircraft producer’s stock.
A number of other analysts have also recently weighed in on BA. Analysts at Zacks upgraded shares of Boeing from a hold rating to a buy rating and set a $163.00 price target on the stock in a research note on Tuesday.
Gold edged higher on Thursday as tensions over Greece’s negotiations with its creditors helped snap four sessions of decline, though gains were limited by caution over the metal’s longer-term outlook.
Expectations that the Federal Reserve is set to carry out the first U.S. interest rate increase in nearly a decade, boosting the opportunity cost of holding non-yielding bullion, has weighed on gold this year, keeping it in a narrow range.
Spot gold was up 0.1 percent at $1,175.60 an ounce at 0919 GMT, while U.S. gold futures for August delivery were up $2.20 an ounce at $1,175.10. The spot price fell to a two-week low of $1,171.03 on Wednesday.
Google has initiated Sidewalk Labs, a new business venture focusing on urban technologies to deal with problems like cost of living, efficient transportation and energy usage in cities.
Yesterday, Sidewalk Labs revealed its first project — the acquisition and merger of two companies that are working to offer free, public Wi-Fi to New York City.
Google currently has a Zacks Rank #3 (Hold).
Health Net (NYSE:HNT)
Health Net Director Bruce G. Willison sold 4,173 shares of the stock on the open market in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $64.57, for a total value of $269,450.61. Following the sale, the director now directly owns 5,790 shares in the company, valued at approximately $373,860.30.
Shares of Health Net traded down 1.15% on Wednesday, hitting $63.71. The stock had a trading volume of 724,154 shares. Health Net has a 52 week low of $40.31 and a 52 week high of $65.15.
Microsoft Corporation (NASDAQ:MSFT)
The U.S. Navy is still dependent on a 12-year-old operating system that Microsoft has declared obsolete.
Microsoft (Nasdaq: MSFT) discontinued support for Windows XP on April 8, and no longer provides security patches for the popular operating system. That means any new vulnerabilities hackers discover will not be fixed.
So the U.S. Navy is paying Microsoft $9.1 million to provide security patches to Windows XP, Office 2003, Windows Server 2003 and Exchange 2003. The entire contract could be worth as much as $30.8 million if it’s extended to 2017.
MSFT shares are currently priced at 18.97x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 23.69x earnings multiple.
Shares of Netflix Inc. (NASDAQ:NFLX) soared to an all-time high Wednesday, a day after the video-streaming service said its board of directors approved a 7-for-1 stock split. Following the announcement, billionaire activist investor Carl Icahn tweeted his firm sold its remaining shares of Netflix, reaping a profit of least $1.6 billion in three years, Bloomberg reported.
Netflix stock touched an all-time high of $706.24 Wednesday, topping its previous high of $692.79 set on June 10. Netflix, which has a market value of $41 billion, is the best performer this year in the Nasdaq 100, an index that tracks the largest nonfinancial Nasdaq companies.
SunTrust set a $40.00 target price on Twitter in a research note released on Wednesday morning. The firm currently has a hold rating on the Social networking company’s stock.
Shares of Twitter traded down 0.57% on Wednesday, hitting $35.17. 9,582,595 shares of the company’s stock traded hands. Twitter has a 1-year low of $33.51 and a 1-year high of $55.99. The stock’s 50-day moving average is $36. and its 200-day moving average is $42. The company’s market cap is $22.78 billion.