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walm said:
You know what sometimes drives stock price performance? Analysts changing their ratings.
Out of interest, what did you think the likely next change of opinion would be??
Well, considering they missed expectations the last time round and that it is a backward looking indicator, I think the next rating will be largely irrelevant to the price, due to Yandex (with a beta of 2.45), likely posting better results, because those will be based on the Russian market performance of 2015, rather than the disastrous end of 2014, which is why the consensus is such a strong buy I suppose. I am not saying it was a bad investment, if it was, I would have dumped it and moved on. I am just saying it wasn't as good quality as my self-researched and picked ones, but I needed some exposure to emerging markets, and Russia in particular Out of interest, what did you think the likely next change of opinion would be??
I will however, be very interested to hear why you think it is a sell or where I have gone wrong (if indeed you do). I am always happy to hear your and Donkeyapple's opinion on financial matters.
isee said:
I will however, be very interested to hear why you think it is a sell or where I have gone wrong (if indeed you do). I am always happy to hear your and Donkeyapple's opinion on financial matters.
No view on Yandex, just my very broad-brush investment theses usually rely on three main pillars: fundamentals/sentiment/valuation.I have no doubt the fundamentals are good.
But... everyone knows that - hence sentiment is heavily stacked against you in this case.
Although it isn't as bad as you make out 15 buys, 7 holds, 2 sells.
Still positive for sure but not 100%.
It's a ranking of 4.08 I think where anything over 4 (rule-of-thumb) has strongly positive sentiment from the analyst community.
(It's calculated as a weighted average: 5 for a buy, 3 for a hold and 2 for a sell IIRC.)
Valuation for stocks like these don't really make a huge difference IMHO - earnings momentum trumps all.
So as long as you are confident that they will keep beating and raising guidance then all-else-equal it will be fine.
One thing to note though with these dollar stocks that actually earn in a different currency is that the street is often very slow to catch up on current spot FX so make sure you keep that up to date.
walm said:
One thing to note though with these dollar stocks that actually earn in a different currency is that the street is often very slow to catch up on current spot FX so make sure you keep that up to date.
Thanks, you actually affirmed my initial decision with the bit up to the quoted part.I hadn't considered the FX at the time of purchase and it's an extremely valid point that I am now kicking myself for not having thought about. Though I am neutral to bearish USD/RUB and neutral to ever so slightly bullish oil, which if true is only likely to increase the Yandex NV dollar value anyway.
isee said:
So, bought Yandex off the back of a consensus buy by all the banks and research companies. The one stock I didn't do my own research on (well only cursory) and so far it's 4.13% down. All my other single stock investments this year were almost immediately positive. Still holding on to it though, think Russia might post some further gains this year.
4%! 
I wish some of my stocks were only down 4%. That's nothing more than a daily move.illmonkey said:
Thank you, shorted.edit: and stopped out. that was my friday gambling.
Edited by isee on Friday 22 May 11:43
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