Today’s midday gainers are Vipshop Holdings Ltd – ADR (NYSE:VIPS), Autohome Inc (ADR) (NYSE:ATHM) and Sunedison Inc (NYSE:SUNE). The losers are Liberty Global plc – Class C Ordinary Shares (NASDAQ:LBTYK) and Liberty Global plc – Class A Ordinary Shares (NASDAQ:LBTYA) and McDermott International (NYSE:MDR).
China’s Vipshop, Autohome Surge
With an impressive +32.77% jump, today’s top midday gainer is Chinese online retailer Vipshop Holdings Ltd – ADR (NYSE:VIPS). The stock is up +102.02% this year, today’s surge fueled by impressive Q4 results. VIPS is held by Tiger Global and George Soros.
At a distant second is Autohome Inc (ADR) (NYSE:ATHM), up +11.89%. The stock price of the Chinese car content website has increased +30.40% in just a week, as it delivered strong results in late February. Tiger Global also has a position in ATHM.
These Are John Buckingham’s Stock Picks For 2021
The economy remains in distress, although there are signs of recovery underway. John Buckingham of Kovitz, editor of The Prudent Speculator newsletter, has found that value stocks typically outperform coming out of economic downturns. Thus, he argues that this is an excellent time to be a value investor. Q4 2020 hedge fund letters, conferences and Read More
Last on today’s list of midday gainers is Sunedison Inc (NYSE:SUNE). It jumped +10.6% after announcing a deal with Deutsche Bank to construct a new power generation facility in the United Kingdom. Leon Cooperman, David Einhorn, and George Soros have bet on SUNE.
McDermott International having a rough day
Having a rough start to the day is McDermott International (NYSE:MDR), down -8.25% after posting unimpressive results. David Einhorn is affected by this one.
Note: This article originally included Liberty Global’s stock split as an apparent dive in the stock, and has since been removed.