Moody's China Downgrade, 'Day of Reckoning' Ahead? (video)

Carson Block Sees 'Day of Reckoning' Ahead for China

Video above published on May 24, 2017: Carson Block, managing member of Muddy Waters [domain: muddywatersresearch.com], explains why he will continue to wager against Hong Kong-listed companies and discusses his bearish views on China's economy. He speaks with Bloomberg.com's Erik Schatzker.

Gauging the Risk of China's Growing Leverage

Video above published May 24, 2017: John Bellows, portfolio manager at Western Asset Management (domain: westernasset.com) and Matt Maley, equity strategist at Miller Tabak (domain: millertabak.com), discuss Moody's (domain: moodys.com) decision to downgrade China's rating to A1 from Aa3 and change outlook to stable from negative. They speak with Bloomberg.com's Matt Miller on "Bloomberg Daybreak: Americas."

China's credit rating cut over debt worries

Video above published May 24,2017, by France24.com.

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Web.com (NASDAQ:WWWW) Stock Hit by Citigroup Downgrade

WWWW stock hit by Citigroup downgrade (source: google.com)

A downgrade of  domain name registrar Web.com (NASDAQ: WWWW) to neutral by Citigroup hit the stock hard this morning. The registrar and web services provider provides domain name registration services through Web.com, NetworkSolutions.com and Register.com. As of yesterday's close, the stock had risen 60% from a late-January low of $14.52, but shares have remained far below a 52-week high of $34.79.

See also: Domain Name Registrar Network Solutions Settles FTC Charges

More info: Web.com Group Stock Rating Lowered by Citigroup Inc. (WWWW) and 

UPDATE: Citi Cuts Web.com To Hold, No Justification For Premium Multiple - Tech Trader Daily - Barrons.com: from the Citigroup note: "Through the next few quarters better renewals in the core .COM/.NET domain business from TTM should help, but we worry that weaker recent domain trends coupled with a growing gTLD renewal base that came in via promotional pricing could reverse momentum."

UPDATE: see also New gTLD XYZ Domain Name Registrations Net LOSS Now 114935

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