$TREE
LendingTree Inc.
PRICE
$42.17 βΌ-1.953%
Last Close
VOLUME
93,311
DAY RANGE
42.751 - 44.8383
52 WEEK
40.82 - 174.32
Join Discuss about TREE with like-minded investors
@trademaster #TradeHouses
By Huw Jones LONDON (Reuters) - Prospects for a firm start on Wall Street helped European shares claw back from a new low for the year on Thursday as investors weighed the risk of hefty interest rate rises tipping economies into recession. Tech-laden Nasdaq futures were up 1%, while S&P500 futures gained 0.7%. Stronger U.S. futures helped shares in Europe, reverse an earlier fall to a 2022 low on the back of dismal economic data in Germany and France. Crude oil also recouped earlier losses but copper remained at 16-month lows as fears of a slowdown cast a pall over the red metal. U.S. Treasury yields remained lower on Thursday after Federal Reserve Chair Jerome Powell, in testimony to the U.S. Senate Banking Committee on Wednesday, underlined the central bank's commitment to cutting inflation at all costs and acknowledged a recession was "certainly a possibility". "Powell said (money markets) are appropriately priced, which means we are going to double the Fed funds rate this year," said Jeremy Schwartz, global chief investment officer at Wisdom Tree Investments. "Coming into this year, we thought you might be able to avoid (recession) this year, but certainly the data has started to come in much more negative," Schwartz said. In a further sign of market caution, JPMorgan (NYSE:JPM) analysts said more investors were turning to cash, surpassing its previous peak in March 2020, when markets went into a tailspin due to COVID-19 lockdowns. The German economy, Europe's largest, suffered a sharp loss of momentum at the end of the second quarter, according to the latest Purchasing Managers' Index, while corresponding figures for France also showed weaker activity. UniCredit bank said the data, which sent euro zone bond yields plunging, was sounding an alarm bell, suggesting that growth momentum might be weakening sooner and more quickly than expected. Prices of copper and crude oil fell on prospects of less demand for fuel and building materials as consumers limit spending. "Copper has always been the lead indicator commodity for economic growth," said Patrick Spencer, vice chairman of equities at Baird Investment Bank. The MSCI all-country share index was down 0.14%, off its low for the day, adding to its slide of more than 20% for the year. "A slowdown is coming and it's really about degree," said Michael Hewson, chief markets analyst at CMC Markets. Spencer said there has been so much damage to stock markets that they had largely discounted a recession already. "If you look at the data, I think at worst what you are looking at is, maybe, a mild recession. I believe the markets are in a bottoming process, and maybe you've only got another 5% downside," Spencer said. CHINA FINTECH Stocks in Asia were mixed, with South Korea down 1.2% while China's blue chips rose 1.7%, and Japan's Nikkei was flat. Chinese tech shares in Hong Kong staged a strong rebound, rising 2.8%, after Chinese President Xi Jinping chaired a top-level meeting that approved a plan for further development of large payment firms and the fintech sector. Concerns about the demand outlook have sapped commodity prices, with oil tumbling on Thursday to the lowest in more than a month. Brent crude was down 0.3% at $111.46 a barrel and U.S. crude declined 0.36% to $105.81 a barrel, both well off their lows of the day. Iron ore was already at six-month lows, having lost more than 20% in recent weeks, while copper struck a 16-month trough. The yield on benchmark 10-year Treasury notes was down slightly, at 3.1337%. The two-year yield, which rises with traders' expectations of higher Fed fund rates, eased to 3.0398%, compared with a U.S. close of 3.056%. In foreign exchange markets, the dollar rose 0.340%against a basket of major currencies. The index was up more than 8% this year, reflecting the broad risk-off sentiment and the dollar's Fed-driven yield advantage. Gold was slightly lower, with spot prices traded at $1,827 per ounce, down 0.5% on the day. [GOL/]
66 Replies 10 π 12 π₯
@jdee #ivtrades
...ok so was barking up the wrong tree....looks like Renaissance Capital is not Jim Simon's -- its a Russian firm. Just in case anyone was interested...lol
127 Replies 15 π 12 π₯
@NoobBot #Crypto4Noobs
https://cointelegraph.com/news/buy-bitcoin-plant-a-tree-lower-your-time-preference-a-sequoia-story
44 Replies 6 π 15 π₯
@NoobBot #Crypto4Noobs
**@DanielleMorrill:** Eclipse thoughts: 3 years ago we bought our house in Denver, and last month we closed on the lot next door to extend our space. Really never thought Iβd be here, but now I canβt really imagine being anywhere else. (I love this tree) https://t.co/2RnCXQuKrI https://twitter.com/DanielleMorrill/status/1526035830644518913
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@Chano #StockTraders.NET
as Jim Rhon said, if you don't like your address, change it, you are not a tree
81 Replies 8 π 6 π₯
@Snowcow #droscrew
I think there is a squirrel chewing on my xmas lights on my tree. if I turn them on will it stop
42 Replies 13 π 10 π₯
@chrismk #Inteligex
yeah I had a sell just below the minor that missed by less than a point twice. I guess yesterday just wasn't my day π > @Inteligex-Peter said: Of Course, we don't need an excuse to plant a tree. A nice entry point there but the pull back won't last long due to the angle of the median and minor lines. But I guess you know that! π
130 Replies 10 π 15 π₯
@Inteligex-Peter #Inteligex
Of Course, we don't need an excuse to plant a tree. A nice entry point there but the pull back won't last long due to the angle of the median and minor lines. But I guess you know that! π
150 Replies 14 π 13 π₯
@chrismk #Inteligex
Swing and a miss, but I got away with a dollar profit. Hopefully that still qualifies for a tree though π€£
111 Replies 14 π 9 π₯
@Inteligex-Peter #Inteligex
Some nice trades yesterday and more trees planted so thank you for posting them. Don't forget we plant a tree for every winning trade you post!
116 Replies 12 π 9 π₯
Key Metrics
Market Cap
585.85 M
Beta
1.74
Avg. Volume
231.87 K
Shares Outstanding
12.79 M
Yield
0%
Public Float
0
Next Earnings Date
2022-10-27
Next Dividend Date
Company Information
LendingTree is the nation's leading online marketplace that connects consumers with the choices they need to be confident in their financial decisions. LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of over 500 partners in one simple search, and can choose the option that best fits their financial needs. Services include mortgage loans, mortgage refinances, auto loans, personal loans, business loans, student loans, insurance, credit cards and more. Through the My LendingTree platform, consumers receive free credit scores, credit monitoring and recommendations to improve credit health. My LendingTree proactively compares consumers' credit accounts against offers on its network and notifies consumers when there is an opportunity to save money. In short, LendingTree's purpose is to help simplify financial decisions for life's meaningful moments through choice, education and support. LendingTree, LLC is a subsidiary of LendingTree, Inc.
CEO: Douglas Lebda
Website: www.lendingtree.com
HQ: 11115 Rushmore Dr Charlotte, 28277-3442 North Carolina
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