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Stock Market & Financial Investment News

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March 19, 2014
13:25 EDTBIDU, YOKU, NTES, CYOU, RENNChinese 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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July 28, 2014
09:50 EDTBIDUActive equity options trading on open
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08:42 EDTBIDUBaidu upgraded to Buy from Reduce at BNP Paribas
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05:25 EDTCYOUChangyou.com sees Q3 EPS (11c)-0c, consensus (4c)
Sees Q3 revenue $186M-$192M, consensus $200.06M. Q3 revenue guidance includes online game revenues of $158M-$163M and online advertising revenues of $16M-$17M.
05:20 EDTCYOUChangyou.com reports Q2 EPS 4c, consensus (27c)
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July 25, 2014
09:37 EDTBIDUActive equity options trading on open
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09:25 EDTBIDUOn The Fly: Pre-market Movers
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09:09 EDTBIDUBaidu price target raised to $260 from $220 at Pacific Crest
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08:06 EDTBIDUBaidu price target raised to $275 from $220 at Brean Capital
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07:46 EDTBIDUBaidu price target raised to $250 from $215 at Stifel
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July 24, 2014
18:45 EDTBIDUOn The Fly: After Hours Movers
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16:51 EDTBIDUBaidu up 7% to $218.34 after Q2 report
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16:37 EDTBIDUBaidu sees Q3 revenue $2.163B-$2.221B
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16:35 EDTBIDUBaidu reports Q2 EPS ex-items $1.73, consensus $1.40
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15:29 EDTBIDUNotable companies reporting after market close
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13:33 EDTBIDUBaidu July weekly 202 straddle priced for 6.7% move into Q2
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11:57 EDTBIDUBaidu technical commentary ahead of results
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09:31 EDTCYOUChangyou.com initiated with a Sell at Citigroup
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July 23, 2014
09:23 EDTBIDUBaidu volatility elevated into Q2 and outlook
Baidu July weekly call option implied volatility is at 107, August is at 45, September is at 39, December is at 37; compared to its 26-week average of 42 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on July 24.
July 21, 2014
10:49 EDTNTES, BIDUBaidu advances following Morgan Stanley upgrade
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07:26 EDTBIDUBaidu upgraded to Overweight from Equal Weight at Morgan Stanley
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