New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
July 24, 2014
10:54 EDTVIPS, SOHU, CMCM, JMEI, DANG, WBChina'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
Sign up for a free trial to see the rest of the stories you've been missing.
September 2, 2015
10:16 EDTDANGOptions with decreasing implied volatility
Subscribe for More Information
September 1, 2015
09:25 EDTDANGOn The Fly: Pre-market Movers
Subscribe for More Information
05:13 EDTDANGDangdang reports Q2 EPS (RMB 0.26) vs. RMB 0.36 last year
Subscribe for More Information
August 31, 2015
16:09 EDTWBLongbow to hold a conference
Subscribe for More Information
August 27, 2015
10:00 EDTWBOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:28 EDTWBWeibo management to meet with Brean Capital
Meeting to be held in Boston on September 3 hosted by Brean Capital.
06:07 EDTWBWeibo upgraded to Buy from Hold at Summit Research
Subscribe for More Information
August 25, 2015
12:52 EDTWBWeibo management to meet with Summit Research
Subscribe for More Information
09:57 EDTJMEIJumei upgraded to Outperform from Neutral at Credit Suisse
Subscribe for More Information
August 21, 2015
08:43 EDTJMEIJumei selloff a buying opportunity, says Summit Research
Subscribe for More Information
August 20, 2015
12:13 EDTJMEIJumei price target lowered to $15 from $25 at Piper Jaffray
Subscribe for More Information
09:20 EDTJMEIOn The Fly: Pre-market Movers
Subscribe for More Information
07:20 EDTVIPS, WB, CMCMCitigroup to hold a conference
Hong Kong / China Corporate Day is being held in Hong Kong on August 20.
August 19, 2015
16:12 EDTJMEIJumei sees Q3 revenue $287M-$291.8M, consensus $288.04M
Representing a year-over-year growth rate of approximately 82%-85%.
16:12 EDTJMEIJumei reports Q2 adjusted EPS 13c, consensus 12c
Reports Q2 revenue $308.1M, consensus $274.78M.
10:14 EDTDANGOptions with decreasing implied volatility
Options with decreasing implied volatility: KING SUNE YY JCP URBN NTES DKS DANG SINA KSS

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use