Yahoo Finance Today's Research Reports on Trending Tickers: Pandora and Tencent
NEW YORK, NY / ACCESSWIRE / December 13, 2018 / Pandora and Tencent Music were both in the green on Wednesday. Pandora didn’t’ have any significant news but did launch the Podcast Genome Project last week. Tencent made its market debut and did it with a splash, raising almost $1.1 billion after pricing its shares at $13.
The Market Edge Initiates Coverage on:
Tencent Music Entertainment Group
https://marketedgereport.com/report/TME/
Pandora Media, Inc.
https://marketedgereport.com/report/P/
Tencent Music Entertainment Group shares closed up 7.69% on their first day of trading on Wednesday. The stock traded a little over 60 million shares as traders welcomed the developer of music streaming services for the Chinese market. The company, which is the music arm of China's Tencent, raised nearly $1.1 billion after pricing its shares at $13. According to the prospectus filing, Tencent Music owns four music streaming apps in China that are the biggest in the country. They are QQ Music, Kugou Music and Kuwo Music, and karaoke app WeSing. The company counted more than 800 million unique monthly active users during the second quarter of 2018. Lead underwriters on Tencent Music's offering was Bank of America, Deutsche Bank, Goldman Sachs, JPMorgan and Morgan Stanley.
Access The Market Edge's Tencent Music Entertainment Group Research Report:
https://marketedgereport.com/report/TME/
Pandora Media, Inc. shares closed up a modest 0.91% on Wednesday with around 13 million shares traded. The music streaming company didn't have any immediate news yesterday but it was last week that the company said its Podcast Genome Project, a cataloging system designed to evaluate content, has gone live for all users. According to a blog post from Pandora, the "Podcast Genome Project will recommend the right podcasts to you at the right time. It evaluates content based on a variety of attributes spanning content categories, as well as your signals including thumbs, skips, collects, and plays. Our system learns your preferences using natural language processing, collaborative filtering, and other machine learning approaches. And, similar to the Music Genome Project, the Podcast Genome Project combines these techniques with the expertise of our in-house Curation team to offer personalized recommendations down to the episode level that reflect who you are today and evolve with you tomorrow."
Access The Market Edge's Pandora Media, Inc. Research Report:
https://marketedgereport.com/report/P/
Our Actionable research on Tencent Music Entertainment Group (TME) and Pandora Media, Inc. (NYSE: P) can be downloaded free of charge at The Market Edge.
The Market Edge
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
The Market Edge has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of MarketEdgeReport.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. MarketEdgeReport.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.marketedgereport.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
The Market Edge, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: The Market Edge
