Starting off this Wednesday strong are today’s midday gainers Bitauto Hldg Ltd (ADR) (NYSE:BITA), Autohome Inc (ADR) (NYSE:ATHM) and ExOne Co (NASDAQ:XONE). The losers are Agnico Eagle Mines Ltd (NYSE:AEM), International Tower Hill Mines Ltd (NYSEMKT:THM) and ASML Holding NV (ADR) (NASDAQ:ASML).
China’s BITA and ATHM Rebound
Bitauto Hldg Ltd (ADR) (NYSE:BITA) surged +11.42% midday today Surge after Credit Suisse issued an outperform rating for the stock. The Chinese provider of online content and marketing services is in the portfolios of Tiger Global Management and George Soros.
This hedge fund is so optimistic about COVID-19 that they’re short Clorox [In-Depth]
A lot has happened since the coronavirus pandemic began, but aside from the temporary selloff in March, the stock market has continued to hum along as if nothing has been happening. There's no denying that the financial markets have been changed by the pandemic, and investors should be thinking differently when it comes to investing Read More
Just behind Bitauto is Autohome Inc (ADR) (NYSE:ATHM), up +10.69%. The Chinese online automobile marketplace and Tiger Global pick has struggled in 2014 and is down -5.71% YTD.
Last up is 3D printing firm ExOne Co (NASDAQ:XONE), its share price increasing +10.32%. Yet another Tiger Global pick, ExOne has had an extremely tough 2014. Its price has declined -53.87% this year.
John Paulson’s Mining Picks Dip
John Paulson Agnico Eagle Mines Ltd (NYSE:AEM) dipped -7.54%, rendering it the day’s biggest midday loser. The Canadian gold producer announced today that it had reached a deal with Osisko Mining Corporation and Yamana Gold Inc. to buy the former’s assets for $3.6 billion to curtail a takeover bid by another competitor.
Yet another Paulson pick and mining company had a rough start to the day: International Tower Hill Mines Ltd (NYSEMKT:THM). Its price dipped -5.8%. Investors aren’t sweating it too much, however, as THM’s share price is still up +68.29% for 2014.
Rounding out our list of losers today is ASML Holding NV (ADR) (NASDAQ:ASML), a Dutch semiconductor company. Its -4.46% dive is linked to today’s earnings release, which reflected an EPS decrease.