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Follow this list to discover and track stocks that have set 52-week highs within the last week. This list is generated daily, ranked by market cap and limited to the top 30 stocks that meet the criteria.
Applied Materials, Inc.
Advanced Micro Devices, Inc.
WellCare Health Plans, Inc.
Nomura Holdings, Inc.
Seagate Technology plc
The Liberty SiriusXM Group
Lamb Weston Holdings, Inc.
Alnylam Pharmaceuticals, Inc.
Neurocrine Biosciences, Inc.
Carlyle Group L.P.
Bausch Health Companies Inc.
Vipshop Holdings Limited
Pilgrim's Pride Corporation
Amarin Corporation plc
Logitech International S.A.
GDS Holdings Limited
The Stars Group Inc.
Brixmor Property Group Inc.
Skechers U.S.A., Inc.
(Bloomberg) -- An epic stock rally for China’s e-commerce upstart just faltered, clipping the fortune of its founder.Pinduoduo Inc. Chairman and Chief Executive Officer Colin Huang lost almost a quarter of his fortune as the company’s stock plummeted 23% on Wednesday, according to the Bloomberg Billionaires Index. His net worth tumbled to $16.3 billion, down $4.8 billion from a day earlier.PDD’s stock drop was the biggest since it held an initial public offering in July last year, reducing this year’s gain through Wednesday to a still-respectable 40%. The sell-off was triggered by the company’s worse-than-expected quarterly results. Sales more than doubled to 7.51 billion yuan ($1.1 billion) for the three months ended September, but fell short of the average analyst projection of 7.65 billion yuan. Net loss widened to 2.3 billion yuan from 1.1 billion yuan a year earlier.The disappointing results came after arch-rivals Alibaba Group Holding Ltd. and JD.com Inc. chipped away at the Chinese e-commerce upstart’s dominant position in smaller cities.Founded by Huang in 2015, PDD has carved a niche with social commerce that encourages making purchases with others. But the Shanghai-based startup is now working to shake off its reputation for hawking cheap products, just as Alibaba and JD delve deeper into PDD’s base of smaller cities. In September, JD rolled out a group-buying app which, like PDD, entices purchases with generous discounts.What Bloomberg Intelligence says:Despite heavy marketing expenses, the company’s marketplace model can sustain high gross margin and should lead to profit as revenue scales up.Vey-Sern Ling and Tiffany Tam, analystsClick here for the research.PDD said in a statement that many brands and small merchants must “choose one of two” platforms to be listed, without naming rivals. “Forced exclusivity has a material impact on Pinduoduo, we had to row upstream against the pressure,” it said.Sales and marketing expenses surged 114% to 6.9 billion yuan, helping China’s No. 3 shopping app to add 64 million new active users during the quarter. Its founder signaled that the company can afford to buy growth.“When there is opportunity, we should spend our money aggressively. We shouldn’t put our money into the piggy bank,” Huang told analysts on a conference call.To contact the reporters on this story: Venus Feng in Hong Kong at firstname.lastname@example.org;Zheping Huang in Hong Kong at email@example.comTo contact the editors responsible for this story: Pierre Paulden at firstname.lastname@example.org, Colum Murphy, David ScheerFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The Medicines Company (MDCO) is rumored to attract acquisition offers after impressive data readouts from three pivotal studies on PCSK9 inhibitor candidate, inclisiran.
Applied Materials (AMAT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
AMD unveils new platforms and declares new deal wins on strength in its 2nd Gen EPYC processors and Radeon Instinct GPU accelerators at Supercomputing 2019 event.
NVIDIA (NVDA) and Microsoft attempt to democratize the utilization of supercomputer by enabling companies to rent the robust capabilities of one according to demand.
Strength in end markets, acquired assets and stronger productivity and diligent cost-cutting initiatives are likely to drive ABB's growth. However, costs witness a rise.
Zacks.com featured highlights include: Medtronic Public, Arconic, Nasdaq, Hewlett Packard and Target
Applied Materials (AMAT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank 2 (Buy).
Aramark (ARMK) delivered earnings and revenue surprises of -2.86% and 0.21%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
(Bloomberg) -- Hillhouse Capital, the Asian private equity firm started by Yale endowment alumnus Zhang Lei, is among the bidders for Thyssenkrupp AG’s elevator unit as competition heats up for the prized asset, people familiar with the matter said.The Hong Kong-based investment firm made a non-binding offer this month, according to the people, who asked not to be identified because the information is private. Its bid valued the business at more than 15 billion euros ($17 billion), two of the people said. Hillhouse is competing against a number of other buyout firms and strategic bidders, a list that’s expected to be whittled down to a handful in the next few weeks, they said.Hillhouse could seek to team up with other bidders and offer help expanding the business in the crucial Chinese market, two of the people said. It has expressed interest in partnering with Finnish elevator Kone Oyj, though so far the latter is reluctant, according to two of the people.Representatives for Hillhouse, Thyssenkrupp and Kone declined to comment.Hillhouse, which raised $10.6 billion for its third buyout fund last year, was started in 2005 with funding from Yale’s endowment. It’s known for its savvy in marrying consumer products with technology and backing promising startups early. Airbnb Inc. and Chinese internet giants Tencent Holdings Ltd. and JD.com Inc. are among the companies it has invested in.The firm has also been pushing into larger deals. Hillhouse was part of an investor group that agreed in 2017 to buy Singapore-based warehouse operator Global Logistic Properties Ltd. for S$16 billion ($12 billion), which was Asia’s biggest-ever private equity buyout at the time it was announced.Ailing Thyssenkrupp is exploring a sale or an initial public offering of the elevator business, its most valuable unit, to boost its equity cushions and cash pile to fund a turnaround of the steel-to-automotive conglomerate. The German company is still debating whether to sell a majority or minority stake in its crown jewel, the people said.Brazilian-American investment firm 3G Capital and a range of other suitors have placed indicative bids for the elevator unit recently, Bloomberg News reported last week.Kone partnered with CVC Capital Partners to make a joint offer, while Blackstone Group Inc. submitted a bid with Carlyle Group LP and Canada Pension Plan Investment Board, people with knowledge of the matter said at the time. Brookfield Asset Management Inc. and a separate consortium of Advent International, Cinven and the Abu Dhabi Investment Authority lodged their own bids, according to the people.The German government has been tightening its scrutiny on acquisitions by overseas investors in key sectors. It’s lowered the threshold for examining foreign takeovers and widened the scope of deals that can be reviewed following a public backlash over deals including Midea Group Co.’s purchase of robot maker Kuka AG in 2016.In August last year, Chancellor Angela Merkel’s cabinet vetoed a Chinese deal for the first time, blocking the takeover of German machine tool manufacturer Leifeld Metal Spinning AG by Yantai Taihai Group. A German state-owned bank also bought 20% stake of 50Hertz Transmission GmbH, one of the country’s biggest electricity networks, on behalf of the government in a move that foiled a potential purchase by State Grid Corp. of China.(Updates with other bidders in ninth paragraph.)\--With assistance from William Wilkes and Niclas Rolander.To contact the reporters on this story: Aaron Kirchfeld in London at email@example.com;Eyk Henning in Frankfurt at firstname.lastname@example.org;Manuel Baigorri in Hong Kong at email@example.comTo contact the editors responsible for this story: Ben Scent at firstname.lastname@example.org, ;Kenneth Wong at email@example.com, Michael HythaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
It's really great to see that even after a strong run, Vipshop Holdings (NYSE:VIPS) shares have been powering on, with...