By Rupert Taylor on Friday 27 February 2015
The LAFDI has underperformed this week with several stocks having very poor weekly performances and pulling down the overall index. Weekly return
LAFDI
-1.28%
MSCI World
0.80%
| Top 5 performing Stocks in last week | ||
| 1 | TREE US Equity | 18.82% |
| 2 | ONDK US Equity | 7.38% |
| 3 | CACC US Equity | 6.13% |
| 4 | WEX LN Equity | 3.35% |
| 5 | XOOM US Equity | 2.23% |
| Worst 5 performing Stocks in last week | ||
| 1 | TUNG LN Equity | -29.36% |
| 2 | MNY AU Equity | -8.41% |
| 3 | IPF LN Equity | -7.49% |
| 4 | TAXI US Equity | -6.21% |
| 5 | BAS1V FH Equity | -5.87% |
* Returns are calculated for the week to local market close on Thursday
Tungsten shares have plummeted as some investors have expressed their doubts over the business model, strength over their balance sheet as well as unrealistic expectations to capture 40% of the online invoice financing market. Several hedge funds have been reported to have shorted the stock with chatter rife on prominent share investor bulletin boards.
Tree.com is a marketplace providing consumers access to businesses and professionals when searching for financial products and real estate. The company reported 4Q2014 net income of $15.6m after reporting a loss in the same period a year earlier.
OnDeck shares have climbed 7.38%. They become first listed P2P lender to have announced 4Q2014 results. Revenue in 4Q2014 was $50.5m. They expect revenue to increase $258m for 2015 which would be 63.3% more than the $158m they reported for 2014. We expect Lending Club to announce their result Tuesday 03/03/2015.
Please note – The LAFDI is now available on Bloomberg. Tickers:
LAFDITR
LAFDIPR
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