RBC Capital Markets - Sector Perform, $50 price target,,,,,,,,, we still have a way to go even with RBC Capitals target price of 50 a share
In a report published Friday, analysts at Bank of America Merrill Lynch downgraded Yelp Inc. (NYSE: YELP) from Buy to Neutral. The price target was also lowered from $65 to $55. The company reported disappointing Q1 results.,,,,,,,,,,,,,,,,,,,,,,,,, so BofA/Merrill has its target at 55 a share instead of 65, we have a ways to go to get it to 55 a share
Sentiment: Strong Buy
1 analyst with a low price target versus 6 with 45 dollars a share or higher, marketcap under 3 billion, its a good buy
Morgan Stanley - Overweight, $62 price target..... Credit Suisse - Outperform, $70 price target ...... Barclays - Overweight, $50 price target ,,,,,,,,, RBC Capital Markets - Sector Perform, $50 price target,,,,,,,,,, Brean Capital - Buy, $58 price target,,,,,,,,,,,,, Wunderlich - Buy, $75 price target,,,,,,, I will go with the lowest price target and if it hits 50 I will be happy since I got in today at 38.89, good luck everyone
pattern is the same in drop, next will be facebook, these things are way over priced in my opinion, revenue doesn`t support the high valuation of these stocks, good luck everyone
When a stock gets hit with bad news, you wait till the end of the day, this can easily hit the 37 range, but good luck
Now the best part, YINN closed at 64.97, and if you look at puts, the premiums is outrageous. A July 17th 64 dollar put closed at 9.90 and ask is 10.60 LOL they must be betting on another 2006 China bubble burst.
the week ended April 10, the last reading before regulators ended a rule limiting individual investors to just one account. They increased 167 percent through Sept. 29, 2006 to around 31,000.
*Relative-strength index: The Shanghai Composite’s 14-day measure of share-price momentum has climbed to 80.1, above the 70-level that indicates to some traders that prices are poised to fall for a 26th straight day. It was 75.7 nine years ago.
*Valuations: The price-to-earnings ratio of the Shanghai gauge has more than doubled from its low to 21.7 times earnings. That compares with an increase of 44 percent to 23.7 a decade ago.
*Turnover: The value of shares changing hands on the Shanghai Composite Index has surged about 18-fold to 862 billion yuan ($139 billion). In 2006, trading rose three-fold to 24 billion yuan.
With China’s world-beating stock market attracting an unprecedented number of novice traders, the question on many investors’ minds is how long authorities will let the rally run before stepping in to cool things down.
As UBS Group AG strategist Lu Wenjie sees it, policy makers may add to existing interventions as soon as later this year. The Shanghai Composite Index’s 121 percent surge over the past 15 months isn’t justified by earnings prospects in an economy growing at the slowest pace since 2009, according to Lu.
“It’s absolutely possible we’ll see some draconian measures from the regulators,” he said in an interview in Hong Kong. “The pace of stock rally is too fast.”
While authorities have already placed curbs on margin trading and made it easier for short sellers to wager that stocks will fall, the measures have so far done little to slow the Shanghai Composite’s ascent to a seven-year high. The gauge posted an average peak-to-trough retreat of 28 percent after six previous rounds of policy intervention to curtail stock speculation since 1996, according to Bank of America Corp.
As the attached charts show, the current Chinese equity boom is outpacing the surge from a low in 2005 that culminated in the 2007 bubble. Returns are bigger than at the same stage of that rally, while new-account openings and a measure of momentum are higher. Valuation multiples and trading values are both jumping at a faster pace.
The Shanghai Composite rose 0.4 percent to a seven-year high on Thursday even after a Chinese manufacturing gauge fell to a 12-month low in April. Here’s what the market indicators show now versus a decade ago:
*Shanghai Composite performance: The index has rallied 121 percent from its low on Jan. 20, 2014, compared with a 77 percent advance in the 15 months ended Oct. 11, 2006.
*Stock accounts: New trading accounts have surged more than 18-fold to 1.68 million in the week ended April 10, the last reading before regulators ended a rule limiting in
I am still holding RUSS, I figured it has to reverse even if its not a big reversal. The one I bought Friday was YANG at 5.13 a share, take a look at YINN 1 year chart even the 5 year chart, hoping YINN drops soon, that chart is extremely over bought.
Updated April 18, 2015 4:37 p.m. ET
WASHINGTON—European Central Bank President Mario Draghi on Saturday rejected speculation that Greece may be forced to abandon the euro, reiterating that Europe’s single currency is irrevocable.
First the Ruble going to 80 is misleading, that was a flash crash and all buy/sell orders were cancelled. So really the highest the Ruble got to was 70. Also currency charts are what I look at to determine to go long or short on a foreign market. In July of 2008 the Ruble was 23 then jumped to 39. Look up RUBUSD=X just put it in your quote box, also look at the RSI reading. It hit 80 and that's the highest in 2 years other then it hitting 79 in Sept of 2013 then you can determine if a 4 to 6 week reversal is due, also checkout Russia`s CDS, its insurance incase Russia goes default, and their CDS are higher then countries like Pakistan.
Major Direct Holders (Forms 3 & 4)
BRESKY STEVEN J 2,548 Nov 26, 2013
I believe you have your facts wrong, Bresky is the largest holder in the company with only 2,548 shares, Institutional holders own the bulk of the stock with FMC owning 65,000 shares, just look at institutional holders and add all the stocks they own and it would be impossible for Bresky to own 900,000 shares when their is only 1.14 million shares total outstanding.
Hello Maria, I will only buy this stock if Greece agrees with the EU and they do a reverse split of at least 1 to 25, this stock needs a reverse split in order to make decent money, the volume is way to low except for today, but I hope it shoots up for you. Enjoy your Easter
The ruble carry trade handed investors a 22 percent return so far this year, the most in the world and more than six times the rate for India’s rupee, the second-best performer, according to data compiled by Bloomberg. Gains in local-currency bonds cut government borrowing costs on five-year debt by 3.97 percentage points, the biggest drop among emerging markets, data compiled by Bloomberg show.
That’s enabled the Finance Ministry to almost triple its debt fundraising this year to 126 billion rubles ($2.4 billion), a source of revenue that may help offset the impact of the stronger ruble.
“The government is betting on placing OFZs amid an optimistic market,” PAO Rosbank analyst Evgeny Koshelev in Moscow said by e-mail on Thursday. The Finance Ministry may exceed its 1 trillion ruble OFZ target for the year as it tries to plug the budget deficit, he said.
Analysts polled by Bloomberg increased their forecast for the budget shortfall to 2.6 percent of GDP in March from 2.5 percent in February as the ruble extended its rally. A one-ruble gain versus the greenback cuts revenue by as much as 80 billion rubles, according to Oleg Kouzmin, the chief economist at Renaissance Capital and a former central bank adviser.
The ruble has climbed 17 percent this year, following a 46 percent slide in 2014. Brent crude was at $56.75 a barrel on Friday.
An oil price of $56 should imply a ruble exchange rate of 60 versus the dollar and the current strengthening is “somewhat overdone,” posing a threat to Russia’s economic adjustment, Morgan Stanley said in an e-mailed note dated April 9.
“A stronger ruble erodes the economic benefits” from the devaluation, Alfa’s Bragin said. “And that complicates control over the budget deficit.”
By Ksenia Galouchko
6 hours ago
Vladimir Putin is facing a problem few could have anticipated: The ruble is becoming too strong.
Last year’s worst-performing major currency is this year’s best and while that’s buoying the nation’s bonds, driving yields to the lowest in four months, it’s also crimping Russia’s export revenue. Even though oil is little changed in dollars this year, the price when converted to rubles has plunged to the lowest since 2011.
The currency rout in 2014 helped Russia to keep its budget deficit within 1 percent of gross domestic product as the ruble weakened in lockstep with a 50 percent slump in oil. Now, with the cease-fire in Ukraine and the allure of higher-yielding assets attracting investors to ruble debt, the government is seeing the opposite effect.
“The current ruble level is already uncomfortable for the budget considering the oil price in rubles is already low,” Vladimir Bragin, head of research at Alfa Capital in Moscow, said by phone on Thursday. “In order to reach macroeconomic stability, Russia needs to limit its budget deficit and a weaker ruble is an easy way to do that.”
The ruble’s 14 percent gain this month is making it easier for central bank Governor Elvira Nabiullina to push ahead with rate cuts this year after she hoisted the benchmark to 17 percent in December to stem the currency’s slide. Nabiullina lowered the rate by 3 percentage points so far in 2015.
The Market Vectors Russia ETF (RSX) , the largest and most heavily traded Russia exchange traded fund, is trading lower by 1.3% during Friday’s after-hours session after Moody’s Investors Service lowered its rating on Russia’s sovereign debt to junk status.
In a statement issued Friday, Moody’s said its decision to lower its rating on Russia’s sovereign bonds to Ba1 with a negative outlook was driven by the following factors: h
(1) The continuing crisis in Ukraine and the recent oil price and exchange rate shocks will further undermine Russia’s economic strength and medium-term growth prospects, despite the fiscal and monetary policy responses;
(2) The government’s financial strength will diminish materially as a result of fiscal pressures and the continued erosion of Russia’s foreign exchange (FX) reserves in light of ongoing capital outflows and restricted access to international capital markets;
(3) The risk is rising, although still very low, that the international response to the military conflict in Ukraine triggers a decision by the Russian authorities that directly or indirectly undermines timely payments on external debt service.
Moody’s completes the trifecta of major ratings agencies that have assigned junk credit ratings to Russia.
Last month, S&P lowered its rating on Russian debt to BB+, the highest junk rating, from BBB-, the lowest investment grade. That was after Fitch Ratings lowered Russia’s sovereign credit rating to BBB-, the lowest investment grade, with a negative outlook. Fitch previously rated Russian sovereign debt BBB. [Russia ETFs Fall After Fitch Downgrade]
To RSX’s credit, the ETF closed Friday’s traditional trading hours with a slight gaining, extending its 2015 surge to almost 23%. Not only is that a new bull market for RSX, but that performance is good enough to make the fund 2015’s best-performing non-leveraged ETF less than two months after finished 2014 as one of that year’s worst ETFs.
Some traders could be caught off gua
This part I wrote isn't on top of the page but is my writing, They pumped the Ruby to high to fast and a sharp correction is coming according Russian Times