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Stock Market & Financial Investment News

News Breaks
February 20, 2013
09:58 EDTSINASINA rises after earnings, levels to watch
Shares are up nearly 9% at time of writing, following earnings and guidance last night after the close. At the current price of $58.27, next resistance is at $58.58, a pivot high, and then at $60.08. Support is at $55.79.
News For SINA From The Last 14 Days
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May 17, 2013
09:08 EDTSINASINA recommended at 86 Research
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05:44 EDTSINASINA shares still undervalued on Alibaba deal, says Piper Jaffray
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May 16, 2013
18:56 EDTSINAOn The Fly: After Hours Movers
UP AFTER EARNINGS: SINA (SINA), up 4.2%. ALSO HIGHER: Kansas City Southern (KSU), up 1.6% after it was announced the company would replace Dean Foods (DF) in the S&P 500 on May 23. DOWN AFTER EARNINGS: Autodesk (ADSK), down 6.5% after earnings, guiding its second quarter below expectations... Aruba Networks (ARUN), down 17.1% after earnings, guiding its fourth quarter below expectations... Nordstrom (JWN), down 3.5%... J.C. Penney (JCP), down 1.7%... Brocade (BRCD), down 2.4% after earnings, guiding its third quarter below expectations.
17:18 EDTSINASINA trades higher after earnings beat, first look
The stock is up over 4.7% to $61.58 in the extended session. At that price, next resistance is at $62.52, and then at $63.10. Support is at $60.84.
17:04 EDTSINASINA sees Q2 revenue $143M-$147M, consensus $142.66M
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17:02 EDTSINASINA reports Q1 EPS 2c, consensus (3c)
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15:14 EDTSINANotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Dell (DELL), consensus 35c; Applied Materials (AMAT), consensus 13c; Nordstrom (JWN), consensus 76c; Autodesk (ADSK), consensus 45c; J. C. Penney (JCP), consensus (86c); SINA (SINA), consensus (3c); ViaSat (VSAT), consensus 2c; Brocade Communications (BRCD), consensus 15c; Aruba Networks (ARUN), consensus 15c.
May 15, 2013
13:55 EDTSINASINA May call volatility elevated at 113 into Q1 and outlook
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12:58 EDTSINAChina closing influential microblog accounts, The Guardian reports
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12:22 EDTSINAEarnings Preview: SINA shares up close to 11.5% since last earnings report
SINA (SINA) is expected to report Q1 earnings after the market close on Thursday, May 16 with a conference call scheduled for 9:00 pm ET. SINA is an online media company that enable Internet users to access professional media and user generated content through multimedia formats from the Web and mobile devices. EXPECTATIONS: Analysts are looking for EPS of (3c) on revenue of $117.54M. The consensus range is (9c)-5c for EPS, and $114.8M-$123.7M for revenue, according to First Call. LAST QUARTER: SINA reported Q4 EPS 13c against estimates of 5c on revenue of $134.4M against estimates of $133.86M. The company also gave Q1 revenue guidance of $115M-$119M. On the same day, it announced the promotion Jack Xu to CTO and COO Hong Du to COO and co-president. STREET RESEARCH: In the past quarter, SINA announced an agreement on a strategic alliance with Alibaba that is expected to generate $380M in advertising and social commerce services revenue in aggregate for Weibo over the next three years. Alibaba also announced that it invested $586M for 18% stake in Weibo. Following the announcement, the company's price target was raised at Piper Jaffray and it was upgraded at Jeffries and Goldman. The analyst firms expected better Weibo monetization and accelerated revenue following the alliance. Citigroup, on the other hand, said the deal does not solve issues involving strategic challenges that lie ahead, including mobile disruption, declines in portal and social media lags. Ahead of Q1 earnings, TH Capital said 1H13 could be better than expected and maintained its Buy rating because the Alibaba partnership could accelerate Weibo's monetization to a "meaningful level." IT added that Weibo could show its strength and upside in 2H13 and could bridge the gap between market valuation and underlying value of its assets. PRICE ACTION: SINA shares have gained close to 11.5% since the first day of trading following the company's Q4 report. In midday trading ahead of its Q1 report, SINA is trading slightly up at 0.8%
May 14, 2013
05:53 EDTSINAWeb browsers are being reinvented, WSJ reports
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May 10, 2013
16:19 EDTSINASINA to pay $160M-$180M for construction of new building
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10:00 EDTSINAOn The Fly: Analyst Upgrade Summary
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08:46 EDTSINASINA upgraded to Buy from Neutral at Goldman
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May 8, 2013
09:31 EDTSINASINA upgraded to Overweight from Underweight at HSBC

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