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Stock Market & Financial Investment News

News Breaks
April 28, 2014
11:46 EDTSOHU, YOKU, RENN, BIDUChinese Internet stocks drop after Sohu.com's results fall short
Shares of a number of Chinese Internet stocks are declining after one of the companies in the sector, Sohu.com (SOHU), reported weaker than expected results and guidance. WHAT'S NEW: Sohu.com, which provides online media, search and games, reported a first quarter loss of $1.26 per share, compared with analysts' consensus estimate of a $1.23 per share loss. The company's revenue was also slightly lower than expected. Moreover, Sohu.com estimated that it would report a Q2 loss per share of $1.25-$1.35, versus the consensus outlook of a 62c loss per share. WHAT'S NOTABLE: China has ordered all streaming video websites in the country to stop broadcasting four American TV shows: “The Big Bang Theory,” “The Good Wife,” “NCIS” and “The Practice,” The New York Times reported yesterday, citing employees of two unnamed online streaming websites. Publicly traded Chinese companies that stream TV shows include Sohu.com and Youku Tudou (YOKU), the newspaper stated. Also today, Youku Tudou, which focuses on Internet video, announced that it had received a $1.22B investment from Chinese ecommerce giant Alibaba Group and Yunfeng Capital. PRICE ACTION: In late morning trading, SINA (SINA) fell 1.4% to $47.50, Baidu (BIDU) retreated 6.7% to $152, Renren (RENN) gave back 1.5% to $3.25, and Sohu.com slid 6% to $54.50.
News For SOHU;YOKU;RENN;BIDU From The Last 14 Days
Check below for free stories on SOHU;YOKU;RENN;BIDU the last two weeks.
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August 31, 2014
13:49 EDTYOKU, BIDUNomura to hold a forum
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August 29, 2014
06:34 EDTBIDUTencent, Baidu, Wanda organize $8.14M e-commerce venture, Reuters says
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August 27, 2014
08:45 EDTYOKUYouku Tudou, Alibaba could partner on video ads, Bloomberg says
Chinese Internet video company Youku Tudou (YOKU) could develop technology that would recognize products in a video and create pop-up ads that would take users to Alibaba's (BABA) web site, where they could buy the items, Alibaba CEO Victor Koo said, according to Bloomberg. Reference Link
07:05 EDTYOKUYouku Tudou announces up to $300M share repurchase program
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06:53 EDTBIDUWanda, Tencent, Baidu collaborate for $813M e-commerce venture, Reuters says
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August 25, 2014
19:10 EDTRENNRenren sees Q3 revenue $19M-$21M, consensus $22.94M
19:09 EDTRENNRenren reports Q2 EPS 9c, consensus (7c)
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15:18 EDTRENNNotable companies reporting after market close
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11:26 EDTBIDUQihoo 360 falls despite better-than-forecast Q2 results, Q3 revenue guidance
Shares of Chinese internet and software company Qihoo 360 Technology (QIHU) are falling despite reporting second quarter results that beat analysts' estimates. The company also provided third quarter revenue guidance that exceeded estimates. WHAT'S NEW: Qihoo 360 reported Q2 adjusted earnings per share of 50c on revenue of $317.9M, which surpassed analysts' consensus estimates of 46c and $309.38M, respectively. For the quarter, operating income was $43.9M compared to $36.6M a year ago and $39.6M in the first quarter. Non-GAAP operating margin was 21.9% in Q2, compared to 36% in the year-ago period and 14.9% in Q1. The company said the sequential decline in non-GAAP operating margin was primairly due to increased marketing and promotional expenses, personnel-related costs and bandwidth and equipment depreciation expenses. Looking ahead, Qihoo 360 forecast Q3 revenue of $360M-$365M, which is slightly higher than analysts' consensus estimates of $357.39M. WHAT'S NOTABLE: Chairman and Chief Executive Officer Hongyi Zhou commented that the company is in an "excellent position" to grow its share of China's search market in both PC and mobile traffic and revenue. The company plans to make "significant" investments in the coming quarters to strengthen its brand and market position, and to improve our products and technology, particularly in mobile Internet-related areas. The executive noted that the company's share of Internet search traffic recently reached over 30%, citing third-party data, achieving a company target fourth months ahead of schedule. ANALYST OPINION: Jefferies defended Qihoo 360 shares following the company's Q2 results. Stifel analyst George Askew feels that Qihoo 360's Q2 revenue and operating margin results were "very good" and believes that many factors, including its 30% search query share, will help it sustain its search revenue growth. The firm maintains $168 price target and Buy rating. Bank of America analyst Eddie Leung said that he expects Qihoo 360's margins to get better gradually in the second half of the year since the company is looking to control expenses and realize synergies. He anticipates search to increase at a fast rate to make up 36% of total sales in FY16. Leung believes this should particularly offset the decline in game revenues this past quarter. Leung lowered his price target on Qihoo 360 to $121 from $123. PRICE ACTION: During late-morning trading, shares of Qihoo fell $6.62 or 6.51%, to $95.13. OTHERS TO WATCH: Chinese search market leader Baidu (BIDU) rose nearly 1.7% to $217.77.
11:11 EDTYOKUOptions with decreasing implied volatility
Options with decreasing implied volatility: AMPE FOLD ITMN AEO DKS WUBA URBN SPLS YOKU GME
August 22, 2014
10:06 EDTYOKUOptions with decreasing implied volatility
Options with decreasing implied volatility: AMPE FOLD GME YOKU SPLS DKS WUBA ARWR ACHN
August 20, 2014
14:15 EDTYOKUFollow-up: Youku Tudou downgraded to Equal Weight at Morgan Stanley
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14:11 EDTYOKUYouku Tudou downgraded to Equal Weight from Overweight at Morgan Stanley
07:19 EDTYOKUYouku Tudou price target lowered to $24 from $27 at Brean Capital
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August 19, 2014
18:07 EDTYOKUYouku Tudou sees Q3 revenue RMB 1.09B-RMB 1.13B
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18:06 EDTYOKUYouku Tudou reports Q2 EPS (RMB 0.88) vs. (RMB 0.63) last year
Reports Q2 revenue RMB 958.72M vs. RMB 753.46M.
15:16 EDTYOKUNotable companies reporting after market close
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12:51 EDTYOKUYouku Tudou technical comments ahead of results
In the prior three months the stock has been nearly flat in trading, punctuated by a few upside moves that failed to hold. A key level for the stock on the downside is at the $19 area. This has been support in the interval, and might well be tested again on a disappointment in expectations. If the $19 area breaks, the 52-week low at $17.77 would be the next likely downside objective. On a positive surprise, the $24 area is key. This has been the range high in the last three months. A move that is not strong enough to break above this level would keep the shares range bound. A breakout above, especially when viewed on a longer-term chart, would turn the longer-term trend back to bullish from neutral. Shares have been consolidating in price, basing, for the past several months. Resistance above $24 would be at $25.02. There is a large short-base in the name at 8.6% of the float short. That could add to buy-to-cover demand on a positive surprise.

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