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Stock Market & Financial Investment News

News Breaks
March 6, 2013
10:46 EDTYOKU, CYOU, SINA, SOHU, BIDU, QIHUChinese Internet stocks fall after Sohu denies rumor, Qihoo reports results
Several Chinese Internet stocks are retreating after a company in the sector, Sohu.com (SOHU), denied rumors that it's in talks with private equity firms about going private, which the company attributed to a report in the South China Morning Post. Sohu also denied that it has held talks about delisting its stock. In mid-morning trading, Sohu tumbled 9% to $44.50 while online game maker Changyou.com (CYOU), a Sohu subsidiary, slid 7% to $30. Meanwhile, Qihoo 360 (QIHU), which operates a search engine and sells Internet ads like Sohu, is sinking over 6% in mid-morning trading, despite reporting higher than expected fourth quarter earnings per share and providing higher than expected first quarter revenue guidance. Research firm Jefferies, however, downgraded Qihoo to Hold from Buy, citing the stock's valuation and the company's slowing profit growth. In mid-morning trading, microblog operator SINA (SINA) dropped 4% to $48, Internet video company Youku Tudou (YOKU) retreated 5.5% to $18 and Baidu (BIDU), which operates a Chinese language Internet search engine, fell 0.4% to $91.
News For SOHU;CYOU;QIHU;SINA;YOKU;BIDU From The Last 14 Days
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March 20, 2015
09:45 EDTBIDUActive equity options trading on open
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09:29 EDTYOKUYouku Tudou downgraded to Sell from Hold at Deutsche Bank
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09:24 EDTYOKUOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Ctrip.com (CTRP), up 20.1%... Rally Software (RALY), up 17.3%... Nike (NKE), up 5.2%... Darden Restaurants (DRI), up 4.3%... Cheetah Mobile (CMCM), up 3.6%. ALSO HIGHER: Prothena (PRTA), up 40.2% after reporting positive results from Phase 1 study of PRX002... Viggle (VGGL), up 26.9% after confirming receipt of offer from chairman and CEO Robert Sillerman... Intercept Pharmaceuticals (ICPT), up 8.5% after announcing new data analyses from FLINT trial... Biogen Idec (BIIB), up 9.7% after presenting positive interim results from study of aducanumab... Pier 1 Imports (PIR), up 5.2% after being upgraded to Outperform from Perform at Oppenheimer... JinkoSolar (JKS), up 2.8% after announcing that it will supply 75 MWdc of its PV solar modules to Red Horse 2 project and following a strategic collaboration agreement with DuPont (DD). DuPont is up just under 1%. DOWN AFTER EARNINGS: AK Steel (AKS), down 6.8%... Youku Tudou (YOKU), down 4.9%... Tiffany (TIF), down 3.3%. ALSO LOWER: Macerich (MAC), down 7.7% after Simon makes $95.50 per share "best and final" offer.
09:18 EDTYOKUYouku Tudou downgraded to Sell from Hold at Deutsche Bank
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09:17 EDTSOHUSohu.com owned Sogou plans U.S. IPO with $3B valuation, Bloomberg reports
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07:25 EDTYOKUYouku Tudou price target lowered to $20 from $24 at Brean Capital
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March 19, 2015
18:58 EDTYOKUOn The Fly: After Hours Movers
UP AFTER EARNINGS: Mattress Firm (MFRM), up 5.2%... New York & Company (NWY), up 3.1%... Rally Software (RALY), up 1.4%... Nike (NKE), up 4.2%... Youku Tudou (YOKU), up 1%. ALSO HIGHER: Prothena (PRTA), up 39.3% after reporting positive results from Phase 1 study of PRX002... SeaWorld (SEAS), up 1% after naming Joel Manby as president and CEO. DOWN AFTER EARNINGS: AK Steel (AKS), down 9.1%.
18:05 EDTYOKUYouku Tudou sees Q1 revenue RMB1.01B-RMB1.03B, consensus RMB996.47M
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18:04 EDTYOKUYouku Tudou reports Q4 adjusted EPS RMB (1.18), consensus RMB (1.00)
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15:27 EDTYOKUYouku Tudou March 15 straddle priced for 6.5% movement into Q4
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14:43 EDTYOKUYouku Tudou technical comments ahead of earnings
Shares are trading close to the 52-week low at $14.88 ahead of earnings. That low is not just a 52-week low, but is close to the life low area of the shares at $13.76. Sentiment is negative, with 10.5% of the float short. On a positive surprise this could add significant buy-to-cover demand that could help push shares higher. The first significant test of resistance would come at the 50-day moving average at $16.73. A breakout above that downtrend resistance line proxy could help turn the short-term trend to bullish. Resistance levels above the 50-day as potential upside objectives would be at $17.76 and then at $18.50. It would likely take a move above the $20 area to turn the longer-term trend to bullish. If the news is as or even more negative than current expectations, the life lows would be the first significant support. Below $13.76 there would be not established support, leaving open a drift lower to typical option strike prices at $13, $12.50, and $12.
13:35 EDTBIDUBaidu, Alibaba taking opposite approach with maps, WantChinaTimes says
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March 18, 2015
09:08 EDTBIDUYOU On Demand signs agreement with Galaxy Internet Television in China
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06:42 EDTBIDUUxin raises $170M from KKR, Baidu, others, WSJ says
Chinese used car auctioneer Uxin has raised $170M from backers including KKR (KKR) and Baidu (BIDU), reports the Wall Street Journal. Uxin will primarily use the fund to expand its business-to-consumer operations to complete with rivals Bitauto (BITA) and Autohome (ATHM). Reference Link
05:23 EDTQIHUQihoo 360 announces partnership with Microsoft
Qihu 360 (QIHU) announced a partnership with Microsoft (MSFT) to bring Windows 10, for free, to its customers in China through seamless upgrades. Qihu 360 will enable the Windows 10 upgrade with just a few clicks for their customers with accelerated download speeds. As a result, millions of Qihu 360 users will be able to upgrade to Windows 10 quickly and easily.
05:21 EDTQIHUMicrosoft announces Windows 10 to launch this Summer in 190 countries
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March 17, 2015
07:26 EDTYOKUYouku Tudou volatility elevated into Q4 and outlook
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March 16, 2015
10:14 EDTQIHUOptions with decreasing implied volatility
Options with decreasing implied volatility: EXPR ULTA SGMS QIHU BKS PAY URBN AGN AGNC
09:37 EDTYOKUActive equity options trading on open
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March 13, 2015
10:37 EDTSINA, QIHUOptions with decreasing implied volatility
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