By Rupert Taylor on Friday 30 October 2015
The LAFDI managed to deliver some outperformance after a soft couple of weeks.
| Weekly return | |
| LAFDI | -0.08% |
| MSCI World | -1.69% |
| Top 5 performing Stocks in last week | ||
| 1 | TREE US Equity | 29.48% |
| 2 | NEWS US Equity | 7.04% |
| 3 | ONDK US Equity | 1.19% |
| 4 | PFSI US Equity | 6.81% |
| 5 | CACC US Equity | 1.70% |
| Worst 5 performing Stocks in last week | ||
| 1 | TUNG LN Equity | -11.38% |
| 2 | WEX US Equity | -9.77% |
| 3 | IPF LN Equity | -7.08% |
| 4 | SUS LN Equity | -4.64% |
| 5 | MNY AU Equity | -3.32% |
* Returns are calculated for the week to local market close on Thursday.
The index was lead by LendingTree Inc that delivered extremely strong earnings and a rise in profit guidance.
For the three months that ended Sept. 30, LendingTree posted a profit of $6.09 million, or 49 cents a share, up from $381,000, or 3 cents a share in the same period in 2014. Quarterly revenue was $69.80 million, up 69 percent from $41.31 million in the third quarter last year.
The company raised its guidance for full-year adjusted EBITDA to $38.3 million to $38.8 million, up from a previous outlook of $35 million to $36 million. Revenue for the year is expected to range between $244 million and $247 million, up from its prior guidance of $225 million to $230 million.
The company which allows customers to access a huge range of credit offers just by filling in their details on LendingTree’s application continues to be something of an index darling as it heads back to its highs.
Please note – The LAFDI is now available on Bloomberg. Tickers:
LAFDITR
LAFDIPR
28 July 2021
Aisling Finn