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Stock Market & Financial Investment News

News Breaks
March 19, 2014
13:25 EDTNTES, RENN, YOKU, CYOU, BIDUChinese Internet names decline after Renren guidance miss
Shares of Chinese Internet stocks are sinking after one of the names in the sector, Renren (RENN), last night reported higher than expected fourth quarter revenue but provided lower than expected first quarter revenue guidance. WHAT'S NEW: Chinese social network Renren reported Q4 revenue of $30.7M, versus analysts' consensus estimate of $30.15M. Its operating loss, however, came in at $42.6M, versus an operating loss of $22.7M in the same period a year earlier. Its online ad revenue tumbled 18% year-over-year, driven by increased competition and continued migration of user traffic to mobile devices from desktop computers, the company stated. Moreover, the social network provided first quarter revenue guidance of $23M-$25M, versus analysts' consensus estimate of $30.41M. "There are a limited number of players in China that are proactively educating and selling mobile solutions to brand advertisers in China," but Renren has had "some encouraging momentum" in mobile ads," said the company's CEO, Joe Chen, on its earnings conference call. PRICE ACTION: In mid-afternoon trading, search engine Baidu (BIDU) dropped 1% to $162, Internet video company Youku Tudou (YOKU) declined 1% to $30.40, Internet game and portal provider NetEase (NTES) lost 2% to $64.57, online game developer Changyou.com (CYOU) fell 1.4% to $28.50, and Renren tumbled 11% to $3.37.
News For BIDU;YOKU;NTES;CYOU;RENN From The Last 14 Days
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August 26, 2015
10:05 EDTNTESNetEase.com upgraded to Buy from Hold at Standpoint Research
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August 24, 2015
05:57 EDTBIDUStocks with implied volatility below IV index mean; BIDU GOOG
Stocks with implied volatility below IV index mean; Baidu (BIDU) 41, Google (GOOG) 31 according to iVolatility.
August 20, 2015
10:00 EDTYOKUOn The Fly: Analyst Upgrade Summary
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09:20 EDTYOKUOn The Fly: Pre-market Movers
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09:11 EDTYOKUYouku Tudou upgraded to Neutral following Q2 report at Mizuho
As previously reported, Mizuho upgraded Youku Tudou to Neutral from Underperform and maintained its $18 price target. The firm upgraded shares citing the Q2 beat and expects the consumer business to diversify and drive top line growth, and improve margin.
07:20 EDTNTES, BIDUCitigroup to hold a conference
Hong Kong / China Corporate Day is being held in Hong Kong on August 20.
06:05 EDTYOKUYouku Tudou upgraded to Neutral from Underperform at Mizuho
August 19, 2015
18:05 EDTYOKUYouku Tudou sees Q3 revenue RMB 1.69B-RMB 1.78B
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18:04 EDTYOKUYouku Tudou reports Q2 EPS (RMB 1.76) vs. (RMB 0.76) last year
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10:14 EDTNTESOptions with decreasing implied volatility
Options with decreasing implied volatility: KING SUNE YY JCP URBN NTES DKS DANG SINA KSS
07:34 EDTBIDUChinaNet Online announces partnership with Baidu
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August 18, 2015
10:13 EDTNTESOptions with decreasing implied volatility
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10:00 EDTYOKUOn The Fly: Analyst Upgrade Summary
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08:24 EDTYOKUYouku Tudou upgraded to Buy from Hold at T.H. Capital
T.H. Capital analyst Tian Hou upgraded Youku Tudou to Buy with a $33 price target. The company's Q2 results on August 20 should be solid and it is well positioned to benefit from the upcoming market consolidation, Hou tells investors in a research note.
August 14, 2015
14:49 EDTBIDUAlphaOne Capital's Dan Niles says has been 'nibbling' on Baidu, Alibaba
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