By Rupert Taylor on Friday 19 February 2016
The LAFDI remains a high beta play on markets – bouncing hard as markets finally re-gained their poise.
| Weekly return | |
| LAFDI | 8.95% |
| MSCI World | 5.16% |
| Top 5 performing Stocks in last week | ||
| 1 | NEWS US Equity | 36.83% |
| 2 | LC US Equity | 26.45% |
| 3 | ONDK US Equity | 19.36% |
| 4 | IPF LN Equity | 17.69% |
| 5 | SGM US Equity | 16.44% |
| Worst 5 performing Stocks in last week | ||
| 1 | EPO LN Equity | -7.24% |
| 2 | P2P LN Equity | -4.97% |
| 3 | QIWI US Equity | -4.39% |
| 4 | RDL LN Equity | -1.87% |
| 5 | MNY AU Equity | -1.23% |
* Returns are calculated for the week to local market close on Thursday.
After the positive news flagged last week Lending Club Corporation finally delivered. It seems that in a better market environment the market was able to appreciate the beat and buyback reported the week before.
NewStar Financial also performed on what looked to be a lagged response to news released back in the depths of the market volatility. On February 11th the company announced that they had gained authority to expand the existing buyback programme from $5m to $30m.
Square Inc may also be having a delayed reaction to some interesting news. Filings released earlier in February reveal that Visa Inc has taken a 10% stake in the company. With CEO Jack Dorsey fighting fires on two fronts – with both the Twitter and Square share prices experiencing difficulty – this news might provide a plan B for at least one of the companies that he runs.
Please note – The LAFDI is now available on Bloomberg. Tickers:
LAFDITR
LAFDIPR
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