Noel's Feed
Nov 6, 2015

After HomeAway, fewer options to bet directly on sharing economy

SAN FRANCISCO (Reuters) – It is about to get even harder for stock market investors to make direct bets on the small but fast-growing sharing economy that has gained attention from the runaway success of Uber and Airbnb.

Expedia’s (EXPE.O: Quote, Profile, Research, Stock Buzz) deal to buy vacation rental site HomeAway Inc (AWAY.O: Quote, Profile, Research, Stock Buzz) for about $3.9 billion, unveiled Wednesday, will shorten an already modest list of publicly-traded companies focused on peer-to-peer home rentals, ride-hailing services and other ways for people to make money from their personal property.

Oct 28, 2015

Short sellers double down on Weight Watchers after Oprah invests

SAN FRANCISCO (Reuters) – Bets against Weight Watchers International appear to have spiked after an investment by media mogul Oprah Winfrey led the troubled diet brand’s shares to double.

Borrowing in Weight Watchers shares jumped 25 percent last week after the celebrity disclosed she was buying 10 percent of the company, according to lending data from SunGard’s Astec Analytics, which provides a strong glimpse into short-selling activity.

Oct 12, 2015

Gamestop, Neustar, Myriad among most shorted in late September

SAN FRANCISCO, Oct 12 (Reuters) – Gamestop, Neustar
Inc and Myriad Genetics Inc were among the most
shorted U.S. stocks in late September, with concerns about
evolving technology trends and competition keeping them near the
top of the list.

Gamestop has been a long-time favorite of short-sellers
skeptical that selling physical copies of games will survive as
a viable business model as more Microsoft Xbox and Sony
Playstation owners download games directly onto their
consoles.

Oct 7, 2015

S&P 500 reaches three-week high as health stocks rally

Oct 7 (Reuters) – U.S. stocks ended stronger after a
volatile session on Wednesday, led by a rebound in biotechnology
companies that pushed the S&P 500 to its highest level in three
weeks.

Materials shares also rose, helped by rising gold and silver
prices.

Investors’ focus is turning to earnings, and Yum! Brands was
the S&P’s biggest loser after reporting weak sales out of China,
which accounts for more than half of its revenues.

Oct 7, 2015

Wall St rises as health care rebounds

Oct 7 (Reuters) – U.S. stocks rose in a volatile session on
Wednesday, led by a rebound in biotechnology stocks, putting the
S&P 500 on track for its sixth day of gains out of the last
seven.

Materials shares were higher, helped by rising gold and
silver prices.

Investors’ focus is slowly turning to earnings, and Yum!
Brands was the S&P’s biggest loser after reporting weak sales
out of China, which accounts for more than half of its revenues.

Oct 6, 2015

Wall St dips as third-quarter earnings season kicks off

Oct 6 (Reuters) – U.S. stocks fell on Tuesday, ending a
five-day winning streak, as investors focused on upcoming
quarterly reports that are expected to reflect a dip in
corporate earnings.

A surge in DuPont’s stock helped keep the Dow Jones
industrial average in positive territory but the S&P 500 and
Nasdaq lost ground, with a sharp drop in biotech stocks.

Oct 6, 2015

Wall St lower, investors eye upcoming quarterly reports

Oct 6 (Reuters) – U.S. stocks fell on Tuesday as healthcare
companies lost ground and investors eyed upcoming quarterly
reports that are expected to show a dip in corporate earnings.

A surge in DuPont’s stock helped keep the Dow Jones
industrial average in positive territory but the S&P 500 and
Nasdaq lost ground, with a sharp drop in biotech stocks.

Oct 2, 2015

Wall Street ends higher in sharp turnaround

Oct 2 (Reuters) – U.S. stock indexes jumped over 1 percent
on Friday as worries about the economy after a disappointing
jobs report gave way to a robust rally in energy and materials
stocks.

The three major indexes clawed back losses of more than 1.5
percent as poor payroll data hinted at economic weakness while
strengthening the argument for delaying a long-awaited interest
rate hike.

Oct 2, 2015

Wall Street bounces back as energy stocks rally

By Noel Randewich

(Reuters) – U.S. stocks gained on Friday afternoon as early worries about the economy after a disappointing jobs report gave way to a rally in beaten-down energy and materials stocks.

The three major indexes clawed back losses of more than 1.5 percent as investors weighed poor payroll data that hinted at economic weakness but also strengthened the argument for delaying a long-awaited interest rate hike.

Oct 1, 2015

Fitbit attracts new attention from short-sellers

SAN FRANCISCO (Reuters) – Wearable gadget maker Fitbit Inc (FIT.N: Quote, Profile, Research, Stock Buzz) attracted far more bets against its recently rising stock in September, underscoring concerns about competition from the likes of Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz).

Since Sept. 10, borrowing in Fitbit shares has jumped 50 percent, according to lending data from SunGard’s Astec Analytics, which provides a strong glimpse into short-selling activity.

    • About Noel

      "Based in Thomson Reuters' San Francisco news bureau, Noel Randewich covers the semiconductor industry and the growing use of microchips in everything from smartphones to home energy management. Prior to his San Francisco posting, Mr Randewich spent a decade covering emerging markets news in Mexico City."
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