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Earnings Reaction History: 58.com Inc, 33.3% Follow-Through Indicator, 7.6% Sensitive

Earnings Reaction History: 58.com Inc, 33.3% Follow-Through Indicator, 7.6% Sensitive

Finance
Shutterstock photoExpected Earnings Release: 08/21/2017, PremarketAvg. Extended-Hours Dollar Volume: $ 2,093,60558.com Inc ( WUBA ) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect light trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in WUBA indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price movement by the following regular session close.Last 12 Qtrs Positive Only Price ReactionsPercent of time added to extended-hours gains: 33.3%Average next regular session additional gain: 6.8%Over the prior three fiscal years (12 quarters), when shares ...
Why I’m a lazy, passive-aggressive, cheap investor

Why I’m a lazy, passive-aggressive, cheap investor

Finance
I normally never use the term "lazy" to describe myself, but in this instance I'll make an exception.You may think, to get anywhere with your money, you have to roll up your sleeves, consult with the experts and take on a mountain of work. Indeed, much of the financial industry may try to convince you that with complexity come better returns.But in my experience, complexity is not only expensive, it can be inefficient and comes with no guarantees. Putting together a perfect set-it-and-forget-it portfolio has served me well over the last two decades, and here's why.My sharpest tool as a long-term investor is what is commonly known as a lazy portfolio, and it's a great way for regular people to efficiently grow their assets, easily diversify away unsystematic risk and pay the lowest fees to ...
American business leaders break with Donald Trump

American business leaders break with Donald Trump

Finance
“I’VE never known it to be an embarrassment for a business leader to be associated with an American president,” declares Max Bazerman of Harvard Business School. Donald Trump, in particular, has positioned himself as a businessman-president, whose corporate acumen would unleash a new era for American business. Investors seemed to believe him—his election prompted a giddy “Trump bump” in the stockmarket—and corporate bosses flocked to his side. This week they fled. For many, it seems as much a clear-eyed business calculation as a moral awakening.Some distanced themselves more quickly than others. The trigger was Mr Trump’s reluctance to condemn neo-Nazis and white supremacists who staged violent protests in Virginia on August 12th. Kenneth Frazier (pictured), chief executive of Merck, a big
Ron Paul: 50% stock market plunge ‘conceivable,' but it’s not President Trump’s fault

Ron Paul: 50% stock market plunge ‘conceivable,' but it’s not President Trump’s fault

Finance
Ron Paul's sell-off prediction just got more severe.The former Republican Congressman from Texas believes escalating dysfunction in Washington will create even more pain for Wall Street."A 50 percent pullback is conceivable," Paul said on "Futures Now" recently. "I don't believe it's ten years off. I don't even believe it's a year off. "According to his calculations, it would cut the S&P 500 Index in half, to 1212, and the blue-chip Dow Jones Industrial Average would collapse to 10,837.Paul noted that there's a lot of chaos in Washington right now, with an "unpredictable president" and those who are inclined to "tear him apart" but if the market takes that big of a tumble, he doesn't see it as Trump's fault. "It's all man-made. It's not the fault of Donald Trump in the last week. If th...
What life's like inside Jaypee wish town

What life's like inside Jaypee wish town

Finance
NOIDA: Of the 32,000 flats being built, 6,500 have been handed over and people have moved in. But most are complaining of inadequate infrastructure and are now not sure when things will fall into place. Most have not got their flats, and are at their wits' end with their money stuck. But life is anything but easy for those who got possession at Jaypee's sprawling Wish Town complex on the Noida-Greater Noida Expressway and moved in. Of the 32,000 flats planned, Jaypee handed over some 6,500 apartments and the others are in different stages of completion. Many of the 6,500 who got possession have either moved in or rented their flat out. And those who are now living here are a very worried lot: what happens now? Who takes care of the maintenance? Will the lifts function? Will people ever...