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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 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.
August 18, 2014
15:07 EDTYOKUYouku Tudou August weekly 22 straddle priced for 8.5% move into Q2
11:24 EDTYOKUYouku Tudou downgraded to Hold from Buy at TH Capital
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August 13, 2014
08:46 EDTYOKUYouku Tudou August weekly volatility elevated into Q2 and outlook
Youku Tudou August weekly call option implied volatility is at 74, September is at 57, December is at 53; compared to its 26-week average of 60 according to Track Data, suggesting large near term price movement into the expected release of Q2 results on August 19.
August 12, 2014
07:46 EDTBIDUChinaNet Online signs $26M agreement with Baidu
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August 8, 2014
10:17 EDTYOKUYouku Tudou rallies, levels to watch
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August 7, 2014
06:02 EDTYOKUStocks with implied volatility movement; LVS YOKU
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