LAFDI market report - After a pounding LAFDI bounces hard

By Rupert Taylor on Friday 19 February 2016

Alternative Lending

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 GO for the Total Return Index

LAFDIPR GO for the Price Return Index

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Companies in this Article:

LendingClub