July 14, 2017

Priorities

  • AAOI
  • YNDX

Senate Healthcare Bill expected to be voted on next week. So far, it appears they lack the support for the bill to pass through.

Notable Movers

 

AAOI – Applied Optoelectronics Inc.
-Applied Optoelectronics Inc. manufactures advanced optical semiconductor devices.

Classification: High Growth

News:
-The company preannounce its Q2 financials which is above its earlier guidance. aaoiYNDX – Yandex N.V.
-Yandex NV operates an Internet website in Russia.

Classification: High Growth

News:
-Yandex — the “Google of Russia” — and Uber announced today an agreement to combine ride-sharing businesses in Russia, Kazakhstan, Azerbaijan, Armenia, Belarus, and Georgia, and spin them off into a new company to be owned 59.3% by Yandex, 36.6% by Uber, and 4.1% by the employees.
-Yandex will contribute $100 million and Uber $225 million in cash to the new company, which will also operate the UberEATS food delivery service in the region. yndxTSRO – Tesaro, Inc.
-Tesaro, Inc. develops and commercializes cancer therapeutics and supportive care products.

Classification: Informed Spec

News:
-Prospective buyers weren’t willing to pay as much as Tesaro wanted for a full acquisition. tsro

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