Yandex (NASDAQ:YNDX) was the recipient of a significant growth in short interest during the month of August. As of August 13th, there was short interest totalling 6,120,000 shares, a growth of 13.8% from the July 29th total of 5,380,000 shares. Approximately 2.0% of the company’s stock are sold short. Based on an average daily volume of 960,400 shares, the short-interest ratio is currently 6.4 days. Several institutional investors have recently modified their holdings of the company…. Source link
Read More »US home price growth surge at fastest rate in more than 30 years
Home price growth in the U.S. continued to heat up in June, setting a new record — yet again. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 18.6% annual gain in June, up from 16.8% in May — the highest rate in more than 30 years of data. It is the 13th consecutive month of accelerating prices and the third straight month in which the growth rate of housing prices set a record. The 20-City Composite posted a 19.1% annual gain, up… Source link
Read More »Here is Why Apple Inc.’s (NASDAQ:AAPL) Growth Rates Aren’t Keeping Up With the Stock
When close to half the companies in the United States have price-to-earnings ratios (or “P/E’s”) below 17x, you may consider Apple Inc. (NASDAQ:AAPL) as a stock to avoid entirely with its 29.7x P/E ratio. However, the P/E might be quite high for a reason, and it requires further investigation to determine if it’s justified. Before we start, investors should know that Apple has an outstanding performance in multiple areas, such as cash flows, working capital management, earnings quality, and… Source link
Read More »Russian Tech Giant Yandex Reveals Fashion Growth Ambitions
Yandex.Market wants to grow its fashion category from one percent to 20 percent of total GMV. Shutterstock Although Yandex backed out of a deal to buy fashion e-tailer KupiVip in July, the tech giant hasn’t given up on the fashion segment, announcing earlier this week at its Yandex Fashion Day conference that its own Yandex.Market platform would be doubling down on fashion category… Source link
Read More »Wave of ‘unrest events’ like Afghanistan may become a drag on global growth: IMF
Soaring COVID-19 infections, combined with mass uprisings around the world, are destabilizing global order — and new research from the International Monetary Fund (IMF) suggests the collective dynamic is likely to hinder a fragile recovery. A working paper published by IMF researchers Luca Antonio Ricci, Metodij Hadzi-Vaskov and Samuel Pienknagura, PhD, recently explored the macroeconomic impact of social unrest, finding that “unrest events” are correlated to a decline in global… Source link
Read More »Stocks fall from records as geopolitical, growth concerns weigh
Stocks fell on Monday, pulling back from record levels as geopolitical and growth concerns weighed on risk appetite. The S&P 500 declined just after market open after logging yet another record high on Friday. The Dow and Nasdaq each also dipped, and the benchmark 10-year Treasury yield fell back below 1.3%. U.S. West Texas intermediate crude oil futures sank by more than 1% to trade around $67 per barrel. The moves came as jitters over the pace of global economic growth and risks to the… Source link
Read More »Palantir Reports 49% Revenue Growth; US Commercial Revenue Up 90% Y/Y
DENVER, August 12, 2021–(BUSINESS WIRE)–Palantir Technologies Inc. (NYSE:PLTR) today announced financial results for the second quarter ended June 30, 2021. Q2 2021 Highlights Total revenue grew 49% year-over-year to $376 million US commercial revenue grew 90% year-over-year Closed 62 deals of $1 million or more, of which: 20 net new customers added in Q2 2021, total customers up 13% quarter-over-quarter Commercial customer count increased 32% quarter-over-quarter Cash flow from operations of $23… Source link
Read More »Stocks Rise as Traders Weigh China, Growth Outlook: Markets Wrap
(Bloomberg) — Asian stocks and U.S. futures rose Monday as some of the concerns over China’s regulatory crackdown eased and progress on a U.S. infrastructure spending plan aided sentiment. Crude oil slid. Equities jumped in Japan and Australia, where Afterpay Ltd. surged after digital-payments platform Square Inc. agreed to buy the buy-now, pay-later company. S&P 500 and Nasdaq 100 contracts climbed as a $550 billion infrastructure package steps closer to passage in the Senate this… Source link
Read More »US STOCKS-S&P 500, Dow set to rise as economic growth heats up
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Ford, Qualcomm rise after strong earnings * Didi Global jumps on report it could go private * Banks, industrials, mining stocks gain after dovish Fed * Futures: Dow up 0.41%, S&P adds 0.17%, Nasdaq down 0.17% (Adds comments; updates prices) By Sagarika Jaisinghani July 29 (Reuters) – The S&P 500 and the Dow indexes were set to rise on Thursday as a… Source link
Read More »US home price growth soars to a new record
Home price growth in the U.S. soared to a new record in May as the housing market continues to heat up. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 16.6% annual gain in May, up from 14.8% in April — marking the highest reading in more than 30 years of data. It is also the 12th straight month of accelerating prices. The 20-City Composite posted a 17% annual gain, up from 15% a month earlier. The 20-City results surpassed analysts’… Source link
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