The turmoil in Ukraine has escalated tensions between Russia and the West, and also for investors whose money is tied into Russian stocks. While Russia builds up its military presence near Crimea, investors are jumping ship and opting out of their investments amid the crisis. Here are four Russian stocks in tech and telecom that have taken a hit.
By Emerging Money:
By Richard Rittorno
As we head into the year’s end many traders look to close weak non-performing positions and look to replace them and start fresh in the New Year. Setting our screens to search for value stocks that have the potential to outperform in 2012, Russian internet company Yandex (YNDX) pops up.
Investment U submits:
By Tony D’Altorio
This past week, another hot technology IPO hit the market with a substantial sizzle. Yandex N.V. (Nasdaq: YNDX), Russia’s largest online search engine, debuted with near-record results.
By Emerging Money:Russian internet technology firm Yandex (YNDX) is set to announce earnings next week. Analysts are expecting the search engine giant to report EPS of 15 cents on $190 million in revenues.
Trader Mark submits:As expected the flavor of the week, "Russia's Google" Yandex (YNDX) has very strong interest (Yandex - Next Week's Hot IPO?) and is pricing above the top end of the range ($20-22) expected late last week, at $25 or $1.3 Billion. This will give the company a market capitalization of about $8 Billion assuming the stock stays at the offering price, which surely it will not.
Trent Tillman submits:With investors still euphoric over the LinkedIn (LNKD) IPO debut on Thursday, attention turns to the next big Internet IPO scheduled for next week. Russian search giant Yandex N.V. (YNDX) is scheduled to price Monday, May 24th.