WallStAnalyst.com: Bitcoin Spreads Wings to Social Gaming, Janet Yellen to Seek US Senate Approval
Wall St. Analyst (www.wallstanalyst.com) has announced its comprehensive market summary that analyzes the most relevant news, events, and economic releases. This edition of the newsletter provides an insight into how virtual currencies like the Bitcoin have taken by storm the Social Media Gaming industry.
The Bitcoin is now fast gaining acceptance from a wider section of society, resulting in a sharp rise in its value in the recent past. The newsletter also throws the spotlight on how US stock ended lower after investors reacted to Fed news about how quickly it will end its stimulus program.
Investment Idea: Social Gaming Companies to Allow Bitcoin In-game Purchases
Wall St. Analyst analyzes how leading social gaming companies are allowing users to pay for in-game purchases using Bitcoins. With this new development, social gaming companies are looking to increase their user base and provide a better gaming experience to users. This in turn has resulted in a sharp rise in the value of the Bitcoin. More details about the changing dynamics of the online gaming industry is available at
http://wallstanalyst.com/blog/entry/zynga-partners-bitpay-for-in-game-purchases-using-bitcoin
Markets Off to Slow Start in 2014
US stocks ended mostly lower after the Fed provided details how quickly the central bank will end its stimulus program. However, the outlook in the coming week looks positive with Janet Yellen expected to get US Senate approval next week. More details about the US Government’s efforts to return to normal policy stance is available at
http://wallstanalyst.com/research-desk/market-monitoring/789-market-monitoring-06-january-2014
The Week That Was: Technical Analysis on the Dow
In today’s issue, we analyze why the Dow Jones Industrial Average ended lower and what are the factors affecting the near-term movement of the index. Investors are advised to wait and watch for more catalysts that could haul the Index to higher levels. At the current levels, the Dow could witness selling pressure coming in the near term and a strong pullback from the current levels. A technical analysis of the long-term outlook as well as trend indicators is available at
http://wallstanalyst.com/blog/entry/technical-analysis-of-the-dow-06-jan-2014
Focus Concepts, Sectors, and Companies
Zynga
Bank of America Merrill Lynch
JPMorgan
Goldman Sachs
Twitter
People’s Bank of China
Citigroup
Google
For more information visit http://wallstanalyst.com/
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