Pre-open movers
U.S. stock futures traded higher in early pre-market trade. St. Louis Fed President James Bullard will speak at 9:40 a.m. ET.
Futures for the Dow Jones Industrial Average rose 67 points to 24,890.00, while the Standard & Poor’s 500 index futures rose 4.60 points to 2,734.00. Futures for the Nasdaq 100 index gained 17 points to 6,977.00.
Oil prices traded mixed as Brent crude futures rose 0.05 percent to trade at $77.16 per barrel, while US WTI crude futures fell 0.11 percent to trade at $70.62 a barrel.
A Peek Into Global Markets
European markets were lower today, with the Spanish Ibex Index falling 0.28 percent, STOXX Europe 600 Index declining 0.31 percent and German DAX 30 index dropping 0.43 percent. The UK's FTSE index was trading lower by 0.19 percent, while French CAC 40 Index fell 0.29 percent.
In Asian markets, Japan’s Nikkei Stock Average rose 0.47 percent, Hong Kong’s Hang Seng Index rose 1.35 percent, China’s Shanghai Composite Index gained 0.34 percent and India’s BSE Sensex rose 0.06 percent.
Broker Recommendation
Analysts at Deutsche Bank downgraded Dean Foods Company (NYSE: DF) from Hold to Sell.
Top 5 China Stocks To Watch Right Now: Baidu Inc.(BIDU)
Advisors' Opinion:- [By Stephan Byrd]
Get a free copy of the Zacks research report on Baidu (BIDU)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Rick Munarriz]
Getting back to basics is a good look for Baidu's (NASDAQ:BIDU) financial statements. China's leading search engine came through with its best top-line growth since 2015 for this year's first quarter. Revenue topped the high end of its earlier guidance -- as it did last time out -- with earnings growing even faster.
- [By Leo Sun]
Shares of Baidu (NASDAQ:BIDU) recently rallied after the Chinese tech giant posted an impressive first quarter. Its revenue rose�31% annually to 20.9 billion RMB ($3.33 billion), topping estimates by $140 million and marking the company's strongest growth since the fourth quarter of 2015.
- [By Danny Vena, Dan Caplinger, and Demitrios Kalogeropoulos]
With that in mind, we asked three Fool.com contributors to highlight companies they believed could still be worthwhile holdings in the year 2038. Read on to find out why they chose Shopify (NYSE:SHOP), Baidu (NASDAQ:BIDU), and Costco Wholesale�(NASDAQ:COST).
- [By Rick Munarriz]
The naysayers are growing when it comes to�Baidu�(NASDAQ:BIDU). There were 5.3 million shares of China's undisputed search engine leader sold short as of mid-May. We're a far cry from the 7.2 million shares that were shorted a year ago, but 5.3 million is still a large enough number to stand as the highest short interest at Baidu since mid-October of last year.
- [By Garrett Baldwin] Shares of Apple Inc. (Nasdaq: AAPL) may face additional pressure today after another surprise update from one of its biggest suppliers. Austria-based supplier AMS, a maker of optical sensors for the iPhone X, warned that sales for the second quarter will fall by roughly 50% from the first quarter. This comes not long after Taiwan Semiconductor Manufacturing Co. Ltd.�(ADR) (NYSE: TSM) offered a lower-than-expected Q2 revenue forecast. Now, Wall Street analysts could soon follow with cuts to iPhone sales forecasts, especially after rival Samsung warned of a slowdown in display panel sales. This morning, the European Central Bank announced it will maintain its record-low interest rates and accommodating monetary policy. At a time when the U.S. central bank is raising rates, the ECB failed to provide a timeline on when it will end its massive stimulus package, which features monthly bond purchases of $37 billion. Four Stocks to Watch Today: DNKN, QSR, GM, FB Hedge fund manager and notable short-seller Jim Chanos is lining up positions against two of the restaurant industry's best-known firms. Shares of Dunkin Brands Group Inc.�(Nasdaq: DNKN) and Restaurant Brands International Inc. (NYSE: QSR), which owns Burger King, were both sliding after Chanos said he was short the firms over sales concerns. The news comes the same morning that DNKN topped Wall Street profit estimates of $0.62 by $0.11. However, DNKN quarterly revenue fell short of expectations. Facebook Inc. (Nasdaq: FB) stock doesn't appear to be facing any significant fallout due to its ongoing data scandal. The social media giant shattered revenue expectations after the bell Wednesday. Shares popped 7% after the company reported a 50% year-over-year revenue surge. The firm reported 1.45 billion daily active users and 2.2 billion monthly users. This was the first earnings report since the Cambridge Analytica scandal that happened in March. Shares are rebounding, as the firm had lost billions in
Top 5 China Stocks To Watch Right Now: Top Image Systems Ltd.(TISA)
Advisors' Opinion:- [By Ethan Ryder]
Get a free copy of the Zacks research report on Top Image Systems (TISA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 5 China Stocks To Watch Right Now: Sina Corporation(SINA)
Advisors' Opinion:- [By Shane Hupp]
SINA Corp (NASDAQ:SINA) shares hit a new 52-week low on Wednesday . The stock traded as low as $83.39 and last traded at $82.78, with a volume of 41597 shares trading hands. The stock had previously closed at $85.15.
- [By Steve Symington]
Shares of SINA Corp. (NASDAQ:SINA) were down 10.2% as of 3:30 p.m. EDT Wednesday despite strong first-quarter 2018 results from the Chinese internet media company.
- [By Leo Sun]
But as the U.S. market remains stuck in neutral, Chinese tech stocks have thrived, sparked by impressive growth figures and their detachment from U.S.-centered issues. Let's examine three stocks in that industry which have already rallied more than 30% this month -- Baozun (NASDAQ:BZUN), Weibo (NASDAQ:WB), and SINA (NASDAQ:SINA).
- [By Jack Delaney]
SINA Corp. (Nasdaq: SINA) operates Weibo Corp. (Nasdaq: WB), a social media platform with 411 million monthly active users (MAUs) as of Q1 2018.
It's considered the Twitter Inc. (NYSE: TWTR) of China.
- [By Lisa Levin] Companies Reporting Before The Bell Anheuser-Busch InBev SA/NV (NYSE: BUD) is estimated to report quarterly earnings at $0.89 per share on revenue of $13.06 billion. SINA Corporation (NASDAQ: SINA) is expected to report quarterly earnings at $0.42 per share on revenue of $433.32 million. Weibo Corporation (NASDAQ: WB) is projected to report quarterly earnings at $0.47 per share on revenue of $342.39 million. Ameren Corporation (NYSE: AEE) is estimated to report quarterly earnings at $0.57 per share on revenue of $1.55 billion. Mylan N.V. (NASDAQ: MYL) is projected to report quarterly earnings at $0.98 per share on revenue of $2.75 billion. Cinemark Holdings, Inc. (NYSE: CNK) is estimated to report quarterly earnings at $1.31 per share on revenue of $1.51 billion. ADT Inc. (NYSE: ADT) is expected to report quarterly earnings at $0.24 per share on revenue of $1.11 billion. Coty Inc. (NYSE: COTY) is projected to report quarterly earnings at $0.13 per share on revenue of $2.18 billion. Pinnacle Entertainment, Inc. (NYSE: PNK) is estimated to report quarterly earnings at $0.31 per share on revenue of $644.94 million. Conduent Incorporated (NYSE: CNDT) is estimated to report quarterly earnings at $0.21 per share on revenue of $1.44 billion. Delphi Technologies PLC (NYSE: DLPH) is projected to report quarterly earnings at $1.16 per share on revenue of $1.25 billion. Office Depot, Inc. (NASDAQ: ODP) is expected to report quarterly earnings at $0.08 per share on revenue of $2.72 billion. Global Partners LP (NYSE: GLP) is estimated to report quarterly earnings at $0.13 per share on revenue of $2.33 billion. Wolverine World Wide, Inc. (NYSE: WWW) is projected to report quarterly earnings at $0.37 per share on revenue of $530.99 million. Performance Food Group Company (NYSE: PFGC) is expected to report quarterly earnings at $0.32 per share on revenue of $4.46 billion. Groupon, Inc. (NASDAQ: GRPN) is projected to report
Top 5 China Stocks To Watch Right Now: Netease.com Inc.(NTES)
Advisors' Opinion:- [By Rick Munarriz]
Many Chinese growth stocks have started bouncing back, but the same can't be said about�NetEase (NASDAQ:NTES). The Chinese online gaming pioneer hit another 52-week low earlier this month, and it's trading nearly 30% below the all-time highs it hit late last year.�
- [By Lisa Levin]
NetEase, Inc. (NASDAQ: NTES) is expected to post quarterly earnings at $2.19 per share on revenue of $2.18 billion.
China Distance Education Holdings Limited (NYSE: DL) is estimated to post earnings for its second quarter.
- [By Shane Hupp]
News articles about NetEase (NASDAQ:NTES) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. NetEase earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the technology company an impact score of 47.5808045346287 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
- [By Harsh Chauhan]
China's booming video gaming industry has turned out to be a big moneymaker for NetEase (NASDAQ:NTES) in recent years. From operating�Activision's popular games such as World of Warcraft and Diablo to building a solid portfolio of self-developed mobile games, NetEase has kept its finger on the pulse of the video gaming market to clock terrific�growth.
- [By Dan Caplinger]
Thursday was a relatively quiet day on Wall Street, and action in different parts of the market showed mixed signals for investors. On one hand, small-cap stocks moved higher, with key benchmarks in that area hitting record highs. Yet the better-known large-cap stock indexes like the S&P 500 gave up early gains. Looking more closely at individual stocks, some companies suffered from bad news that sent their shares falling. J.C. Penney (NYSE:JCP), NetEase (NASDAQ:NTES), and Jounce Therapeutics (NASDAQ:JNCE) were among the worst performers on the day. Here's why they did so poorly.
- [By Ethan Ryder]
NetEase (NASDAQ:NTES) traded down 0.3% during mid-day trading on Friday after Barclays lowered their price target on the stock to $255.00. Barclays currently has an equal weight rating on the stock. NetEase traded as low as $240.07 and last traded at $246.86. 481,395 shares were traded during mid-day trading, a decline of 60% from the average session volume of 1,205,109 shares. The stock had previously closed at $246.16.
Top 5 China Stocks To Watch Right Now: Renesola Ltd.(SOL)
Advisors' Opinion:- [By Joseph Griffin]
These are some of the media headlines that may have impacted Accern’s scoring:
Get ReneSola alerts: ReneSola Sells North Carolina Solar Project To Greenbacker (solarindustrymag.com) ReneSola (SOL) Rating Increased to Neutral at Roth Capital (americanbankingnews.com) ReneSola (SOL) Q1 Earnings in Line, Revenues Top Estimates (zacks.com) ReneSola’s (SOL) CEO Xianshou Li on Q1 2018 Results – Earnings Call Transcript (seekingalpha.com) ReneSola (SOL) Releases Earnings Results (americanbankingnews.com)Shares of ReneSola traded up $0.08, hitting $2.76, during trading on Friday, Marketbeat.com reports. The stock had a trading volume of 124,969 shares, compared to its average volume of 108,565. The firm has a market capitalization of $102.11 million, a PE ratio of 21.23 and a beta of 2.05. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. ReneSola has a 12 month low of $2.12 and a 12 month high of $3.79.
No comments:
Post a Comment