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).

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.

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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About the Author

iBillionaire provides access to the investment data and strategies of the world's most successful self-made billionaires. Mobile app available for iOS and Android. Maker of the iBillionaire Index (IBLN). More at www.iBillionaire.me.

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