Top 5 performing Stocks in last week
QIWI US Equity
SGM US Equity
ONDK US Equity
WEX US Equity
LC US Equity
Worst 5 performing Stocks in last week
XOOM LN Equity
RM US Equity
NNI US Equity
EPO LN Equity
CFN LN Equity
* Returns are calculated for the week to local market close on Thursday
QIWI Plc began what could be a spectacular rebound as micro and macro combined to drive the stock up 11.6%. The stock has suffered of late due to its geographic exposure to Russia and other states from the former USSR. However concerns have begun to lift with signs of diplomatic progress in Ukraine. On top of this the company announced an agreement with MegaFon, a leading Russian telecommunications operator, to start a strategic partnership aimed at the development of high-tech solutions in electronic payments. In the immediate term the partnership will launch a co-branded product based on Visa QIWI Wallet technology.Stonegate Mortgage Corporation had a strong week bucking the down-trend of the past year. There was a raft of broker activity the balance of which was positive including an upgrade to BUY from Compass Point and a reiteration of a positive stance from Keefe Bruyette & Woods. Equally the recent stabilization in bond yields, after the recent step higher, will have helped.
Interestingly both of the newly floated US alternative lenders also make the top 5 risers this week. OnDeck Capital and Lending ClubCorporation both had a strong week with the latter in particular helping the LAFDI given its significant weighting.
WEX Inc continued its recent run adding a further 6.1% over the week.
Shares of Xoom Corp were 4.5% lower over the week following a raft of generally negative broker commentary which included both rating and target price downgrades. The shares remain rooted close to historic lows.
Please note – The LAFDI is now available on Bloomberg. Tickers:
LAFDITR GO for the Total Return Index
LAFDIPR GO for the Price Return Index