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Stock Market & Financial Investment News

News Breaks
July 24, 2014
10:54 EDTDANG, WB, VIPS, SOHU, CMCM, JMEIChina's Weibo, Jumei advance after Citi starts coverage with Buy ratings
Shares of Chinese microblog Weibo (WB) and Chinese online beauty product retailer Jumei International (JMEI) are rising after Citigroup initiated coverage of both stocks with Buy ratings. WEIBO: Citigroup analyst Thomas Chong initiated coverage of Weibo with a Buy rating, saying that the company has established a solid, popular brand. Moreover, the company's ad revenue should rise as more small and medium businesses look to advertise on the website, Chong wrote. Additionally, Weibo is slated to fully launch a payment system for companies in the second half of 2014 and this system should help the company sell more ads, the analyst forecast. He set a $22.60 price target on the shares. JUMEI: Jumei International has executed well by recommending quality products to its customers and is establishing a trustworthy brand, Chong believes. The company has a loyal customer base of more than 10M and it is likely to shift to selling many more higher margin private label and exclusive products, the analyst stated. He set a $32.60 target on the shares. WHAT'S NOTABLE: Chong also initiated coverage of Chinese Internet companies Sohu.com (SOHU), Dangdang (DANG), Cheetah Mobile (CMCM), and Vipshop (VIPS) with Buy ratings today. Sohu provides online games and a search engine, while Dangdang is an e-commerce company specializing in books. Cheetah Mobile sells applications for the mobile Internet and Vipshop is an online discount retailer. PRICE ACTION: In mid-morning trading, Weibo rose 1.4% to $19.58 and Jumei climbed 5.25% to $29.49.
News For WB;JMEI;SOHU;DANG;CMCM;VIPS From The Last 14 Days
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November 20, 2014
09:21 EDTJMEIOn The Fly: Pre-market Movers
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November 19, 2014
18:22 EDTJMEIOn The Fly: After Hours Movers
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16:10 EDTJMEIJumei backs 2014 net income view $81M-$87M, up 40%-50% YoY
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16:10 EDTJMEIJumei reports Q3 adjusted EPS 14c, consensus 14c
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13:42 EDTVIPSVipshop downgraded to Neutral from Overweight at HSBC
13:35 EDTVIPSVipshop investments appropriate to drive growth, says Piper Jaffray
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10:25 EDTWBOptions with decreasing implied volatility
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10:21 EDTVIPSVipshop drops on outlook, levels to watch
The company reported a beat on Q3 yesterday after the close, but offered guidance that disappointed traders. At the current price of $21.25 the stock is down over 10.2%. Support is at $20.59, the low of the day, and then at $20. Resistance is at $21.92, the session high.
09:16 EDTVIPSOn The Fly: Pre-market Movers
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November 18, 2014
18:23 EDTVIPSOn The Fly: After Hours Movers
UP AFTER EARNINGS: La-Z-Boy (LZB), up 4.7% after reporting second quarter results and dividend increase... Jack in the Box (JACK), up 2.7%... PetSmart (PETM), up 1.9%. ALSO HIGHER: Popeyes Louisiana Kitchen (PLKI), up 1.6% after Red Mountain Capital Partners reported a 5.1% stake in the company. DOWN AFTER EARNINGS: Vipshop Holdings (VIPS), down 4.6%. ALSO LOWER: Cloud Peak (CLD), down 1.7% after filing to sell $100M of mandatory convertible preferred stock.
16:42 EDTVIPSVipshop down almost 3.5% to $22.90 after reporting Q3 results, guidance
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16:03 EDTVIPSVipshop sees Q4 revenue $1.2B-$1.22B, consensus $1.21B
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16:02 EDTVIPSVipshop reports Q3 EPS 8c, consensus 7c
Reports Q3 revenue $882.6M, consensus $863.12M.
15:46 EDTVIPSVipshop November 22 straddle priced for 9.6% move into Q3
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15:21 EDTVIPSNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Vipshop Holdings (VIPS), consensus 7c; M/A-Com Technology (MTSI), consensus 33c; La-Z-Boy (LZB), consensus 34c; PetSmart (PETM), consensus 94c; Jack in the Box (JACK), consensus 53c.
14:01 EDTVIPSVipshop November volatility elevated into Q3 and outlook
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08:57 EDTJMEIJumei initiated with an Underweight at HSBC
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November 17, 2014
12:03 EDTWBOptions with decreasing implied volatility
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November 14, 2014
15:04 EDTVIPSVipshop November volatility elevated into Q3 and outlook
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09:16 EDTWBOn The Fly: Pre-market Movers
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