Potential Legislation Changes in Russia Make Investors Wary on Yandex

Potential Legislation Changes in Russia Make Investors Wary on Yandex

This Friday’s top midday gainers are International Tower Hill Mines Ltd (NYSEMKT:THM), Community Health Systems (NYSE:CYH) and Applied Micro Circuits Corporation (NASDAQ:AMCC). The top losers are Yandex NV (NASDAQ:YNDX), Masco Corporation (NYSE:MAS) and Amazon.com, Inc. (NASDAQ:AMZN).

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International Tower Hill Mines Rebounds

Today’s top gainer is John Paulson pick International Tower Hill Mines Ltd (NYSEMKT:THM), up +6.23%. After several days of losses, the mining company is on the rebound and is now up +65.85% YTD.

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Invest ESG Leon CoopermanThe ExodusPoint Partners International Fund returned 0.36% for May, bringing its year-to-date return to 3.31% in a year that's been particularly challenging for most hedge funds, pushing many into the red. Macroeconomic factors continued to weigh on the market, resulting in significant intra-month volatility for May, although risk assets generally ended the month flat. Macro Read More

With a +5.38% gain, Community Health Systems (NYSE:CYH) is second on today’s list of gainers. With financial results set to be reported soon, investors seem to already have a positive outlook on this one. CYH is on the books of David Tepper, Richard Chilton and Ray Dalio.

Third is Tiger Global asset Applied Micro Circuits Corporation (NASDAQ:AMCC). The designer and producer of communication high-tech infrastructure reported results today, and its share price surged +4.90% as a result.

Potential Legislative Restrictions Send Yandex Down

Yandex NV (NASDAQ:YNDX) is this Friday’s biggest loser midday, its stock price dipping -10.14%. The Russian search engine took a deep dive after President Vladimir Putin suggested tougher legislation on the company’s activities.

Masco Corporation (NYSE:MAS), down -9.67%, follows Yandex. The home improvement products manufacturer’s results were hurt this quarter by slower activity in the housing market. MAS is a David Tepper pick.

Third is online retail giant Amazon.com, Inc. (NASDAQ:AMZN). Its price fell -8.95% following a +3.87% jump yesterday. Tiger Global and George Soros have positions in Amazon.

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