140.59 -0.23 (-0.16%)
After hours: 6:19PM EST
|Bid||140.39 x 1000|
|Ask||140.59 x 800|
|Day's Range||140.11 - 144.75|
|52 Week Range||130.06 - 211.70|
|Beta (3Y Monthly)||1.77|
|PE Ratio (TTM)||40.27|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||203.68|
Tilray, which was the top performing IPO in 2018, helped propel the consumer discretionary sector to No. 2 of the IPO return sector list.
360 Finance, an online consumer loan platform that spun off from China's anti-virus service giant 360 Group, has joined a raft of Chinese fintech companies to go public in the U.S. over the last two years. The company priced its initial public offering at $16.50 per share last Friday, raising $51 million by selling 3.1 million American depositary shares. 360 Finance's net loss widened to 572 million yuan, or $86.4 million, for the six months ended June 30 compared to 67 million yuan for the same period of 2017.
STOCKSTOWATCHTODAY BLOG (BABA) could return more than 60% in 2018, according to MKM Partners, which projected the China-based company as the top performer of its eight “top picks” for 2019. In a Tuesday report, MKM said the shares could reach $245, suggesting a 64% rise from the stock’s Friday close.
To be sure, JD faced a rough patch this year. The U.S.-China trade war and growing evidence that China cannot continue to support its past growth rate have weighed on the equity. JD has received investments from the likes of Walmart (NYSE:WMT) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG).
Earlier this year, Berkshire Hathaway (BRK-B) took a minority stake in Indian startup Paytm. The company runs a diversified business that includes a mobile wallet and e-commerce. Earlier this year, Buffett had admitted to missing out on Amazon.
Today, Chinese President Xi Jinping delivered a speech on the occasion of the 40th anniversary of China opening up its economy. The speech was closely followed amid China’s slowdown and its trade spat with the United States (SPY). While Jinping talked about reforms and opening up the Chinese economy (FXI), the speech didn’t offer any specifics.
NIO (NIO), the Chinese electric car company, held its NIO Day 2018 on Saturday, December 15 in Shanghai. On this occasion, the company also launched its second mass-market electric car, the ES6. However, NIO investors don’t seem to be pleased with the new car, as its stock traded on a negative note on Monday after the car launch.
Red Hat (RHT) announced its earnings for the third quarter of 2018 yesterday. Red Hat stock was mostly unchanged after the market hours, as it is in the process of getting acquired by IBM (IBM). A couple of months back, IBM had announced the acquisition of Red Hat for a valuation of $34 billion.
Russians are moving away from cash payments, according to a study by Sberbank, the country’s largest state-run bank. In 2018, cashless payments are on track to account for as much as 50% of Russia’s total payments for goods and services. Yandex is the dominant online search engine company in Russia.
Streaming giant Netflix (NFLX) has had a robust subscription business model, which has led to its success over the last few years. Since then, more companies—streaming or otherwise—have switched to the subscription model and have found success globally as well. App research company Sensor Tower compiled a list of the top ten highest-grossing iPhone and iPad apps through Business Insider.
As noted in the previous article, earlier this year, Berkshire Hathaway took a small stake in India’s Paytm. Walmart (WMT) also made a huge bet on India with its acquisition of Flipkart. Amazon (AMZN) has also been spending substantially in India.