The latest news round up for trade-able items on the First Global Credit platform, covering:
- Dunkin’ Brands
The recent highs struck by the Bitcoin price goes hand-in-hand with the largest ever amounts of the cryptocurrency traded.
The price of Bitcoin has been on a wild surge lately and recently struck a year-high of $502 on November 4th before the unpredictability saw prices take a dip this past week to a price of $363.88.
While Bitcoin pricing remains indecisive, it’s significant to note that Bitcoin trading volume reached record highs in a period that saw the largest volume of bitcoins traded. Ever.
As Bitcoin price surged to reach a then-year-high and a closing price of $328.65 in the Bitstamp price index on October 30th, 2015; a record 2.49 million bitcoins (an all-time high) were traded on the same day, according to data from Bitcoinity. That’s over a sixth of the total 14.8 million+ bitcoins currently in circulation. Chinese exchanges recorded 93% of total volume traded on the same day.
Dunkin’ Brands Group, Inc (NASDAQ:DNKN)
Dunkin Brands Group, Inc. (NASDAQ:DNKN) managed to stay afloat and traded higher with an addition of 0.13 point or 0.31% at $41.58. The money flow data is a negative $(-0.67) million with $0.93 million in upticks and $1.6 million in downticks. The intraday up/down ratio came in at 0.58. The shares have seen 0.41% change for the week in its share price. From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0 million and the combined worth of the downticks was $0.44, Million, leading to the up/down ratio of 0. The block trade saw a net money flow of $(-0.44) million.
Shares of Dunkin Brands Group, Inc. appreciated by 0.41% during the past week but lost 1.12% on a 4-week basis. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 0.54%. Dunkin Brands Group, Inc. has underperformed the index by 5.09% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Facebook, Inc (NASDAQ:FB)
Facebook Inc., operator of the social media network Facebook, has jumped ahead of General Electric and now sits as the sixth largest company in Standard & Poor’s 500 Index.
The social network operator is currently $308 billion in market value, which tops General Electric’s $297 billion. It also managed to edge out Amazon that holds $307 billion market value, as well as distance itself from Wells Fargo and Johnson & Johnson at $280 billion and $282 billion, respectively.
Bear in mind that General Electric was not performing badly. Facebook is just performing really well. RBC Capital markets analyst Mark Mahaney compares Facebook’s market growth to that of Google’s.
“But not Google today; Google back in 2007 and 2008, when it too was doing this kind of revenue growth,” Mahaney says in an interview with Bloomberg.
According to Bloomberg, Facebook. jumped by 5 percent in market value at 1:14 p.m. on Nov. 6. The massive leap happened after the corporation posted its quarterly sales and profit, which has beaten estimates by 3 to 5 percent.
Facebook’s overage in expected earnings was brought about by its increased endeavors in mobile advertising. Note that aside from increasing the number of video ads on the mobile platform of the social network portal in the past quarter, Facebook’s mobile layout has been revamped over a month ago to create a more enticing user interface. Facebook is currently seeing a billion visitors per day and more than 1.5 billion active monthly users. The figures make it the world’s biggest social network.
Gold ticked up after an eight-day losing streak on Monday, but languished near its lowest in three months as surging US nonfarm payrolls boosted expectations of a December rate hike in the United States.
Employers outside the farming sector added 271,000 jobs in October, the most in 10 months, and the jobless rate fell to a 7-1/2-year low of 5 percent, data on Friday showed. Economists had forecast nonfarm payrolls increasing 180,000 and the unemployment rate remaining at 5.1 percent.
As investors increased bets that the first rate increase in nearly a decade will come next month, they sent non-interest-paying gold tumbling to $1,084.90 an ounce on Friday, the lowest since August.
Spot gold rose 0.5 percent to $1,093.51 an ounce by 0639 GMT on short covering.
“Further downwards pressure is expected on the precious complex in the lead up to the December FOMC meeting,” MKS Group trader Sam Laughlin said, referring to the Fed’s Federal Open Market Committee.
Qorvo, Inc (NASDAQ:QRVO)
For its fiscal second-quarter 2016 (ended 3 October 2015), Qorvo Inc, which provides core technologies and RF solutions for mobile, infrastructure and aerospace/defense applications, has reported revenue of $708.3m, up 5.2% on $673.6m last quarter and up 12% on $634.8m a year ago for the combined September 2014 quarter revenues of RF Micro Devices Inc of Greensboro, NC and TriQuint Semiconductor Inc of Hillsboro, OR, USA (following the merger of the two firms on 1 January).
The top three customers comprised about 60% of revenue, including two 10%-or-more customers. The largest, at 41%, represents the aggregate of multiple subcontractors for this end customer. The second is China-based telecoms equipment maker Huawei Technologies Co Ltd (a customer for both Mobile Products and Infrastructure & Defense Products).
Both the Mobile Products and Infrastructure & Defense Products (IDP) businesses did better than expected.
Despite rising 6% from $122m last quarter, Infrastructure & Defense Products revenue of $129m was down 13% year-on-year, due to wireless infrastructure falling about $24m on a year ago. However, outside of wireless infrastructure, IDP revenue grew about 6% year-on-year.
Growth was led by Mobile Products, for which revenue grew 19% year-on-year and 5% sequentially (from $551m last quarter) to $578m, driven by large customer product ramps. However, following strong growth in China in the first two quarters of calendar 2015 (including a $100m rise in the June quarter), despite continued strength from Qorvo’s largest customer in the country, other Chinese customers have since slowed (not achieving their goals set at the beginning of the year), according to Mobile Products president Eric Creviston.
Salesforce.com Inc (NYSE:CRM) had an volatile session and gained 0.31 points till last call. The price was at $79.02, gaining 0.39% till the last intraday data. The total uptick value was $2.26 million while the total downtick value was $6.26 million. The shares saw a net money flow of $(-4.01) million and the up/down ratio stood at 0.36. The stock has seen a change of of 1.69% for the week. The share had a block transaction during the course of trading in which the net money flow was $(-3.11) million.
Many analysts have commented on the company rating. Major Brokerage house, Wunderlich assumes its ratings on Salesforce.com Inc. In the latest research report, Wunderlich announces the target price to $85 per share on the shares. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on September 16, 2015.
Yahoo, Inc (NASDAQ:YHOO)
Yahoo! Inc. (NASDAQ:YHOO) saw its share price trade relatively negative in the recent trading session. The share price was last updated to $34.2 with a loss of -0.92 points or -2.62%. The net money flow was $13.27 million and the up/down ratio was 1.2. Approximately $78.77 million was the inflow in upticks and $65.5 million was the outflow in downticks. On a weekly measure, the shares have seen a price change of -3.99%.The shares witnessed a block transaction with a net money flow of $13.77 million. The total money in uptick was $17.66 million and in downtick was $3.89 million with the up/down ratio reaching 4.54.
Yahoo! Inc. has dropped 3.99% during the past week, however, the bigger picture is still very bullish; the shares have posted positive gains of 5.17% in the last 4 weeks. The shares have underperformed the S&P 500 by 4.89% during the past week but Yahoo! Inc. has outperformed the index in 4 weeks by 0.94%.
Many analysts have commented on the company rating. Equity Analysts at the Morgan Stanley maintains the rating on Yahoo! Inc. The brokerage firm has issued an Overweight rating on the shares. The Analysts at the ratings agency lowers the price target from $51 per share to $49 per share. The rating by the firm was issued on October 21, 2015.