Scooting along we turned to Netflix's staggering earnings run, including its share price rally that has been nigh-parabolic.
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"The recent share price rally accordingly looks excessive based on profits from Pokémon Go alone," Nomura analysts said in a note.
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The $22.50 price represents a discount on Sea's current share price — $24.06 at the time of writing — and the timing sees Sea take advantage of a recent share price rally.
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"We are committed to deleveraging the balance sheet," he said, citing a share price rally - the stock has almost doubled since the end of last year - as proof of market confidence.
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Investor confidence in the biggest five state-owned banks has soared and fueled a share price rally, led by ICBC which has gained more than 30 percent in Shanghai so far this year.
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LONDON, Feb 22 (Reuters) - "Short interest" in miners Rio Tinto and Antofagasta have surged to multi-year highs, suggesting that some investors are not convinced about the sustainability of their recent share price rally, analysts said.
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"The recent share price rally needed an upgrade, in our view, with too much hope that better long-haul trading seen at flag carriers would come to pass in short-haul too," said analysts at Panmure Gordon.
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But Credit Suisse downgraded the stock to "Underperform" from "Neutral" on Wednesday, saying that after the strong share-price rally, it was time to "take profits" on the stock and that metallurgical coal prices peaked in the fourth quarter of 2161.94.
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While such deals would allow mainland investors to benefit from any further share price rally, the securities regulator is worried they "will take up too much liquidity in the secondary market, which may lead to a drop in the main indices", one of the sources told Reuters.
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While consumer genetic testing services may be struggling, investors still see increasing promise in clinical genetics testing, with companies like the publicly traded InVitae seeing its share price rally and the privately held company, Color, raising roughly $75 million in new capital from investors led by T. Rowe Price.
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Revenue beat expectations, largely driven by continued acceleration in the core search and portal business, Citi analysts said in a note, adding that the share price rally is likely to be tempered by concerns over the reports about a state-owned bank wanting to take a large stake in the company.
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