May 19, 2014
07:27 EDT KORS Michael Kors should be bought ahead of earnings, says Piper Jaffray
Piper Jaffray recommends buying shares of Michael Kors ahead of the company's earnings report on May 28. Piper believes Kors can "handily" beat its 65c earnings estimate and it reiterates an Overweight rating on the stock with a $114 price target
This one is not for the faint of heart. NQ Mobile has seen its share price crater because of accounting concerns initially raised by noted worrywart Muddy Waters. The Chinese provider of mobile Internet services also had to extend last month's filing deadline -- twice.
The potential rewards and risks are substantial. If NQ Mobile's numbers don't add up, this will just be the next bogus Chinese growth stock to buckle. However, if NQ Mobile's right, we're looking at a stock that is now selling for less than five times next year's projected profitability but growing a lot faster. This stock could be at $20 or $0 in a year. It will be feast or famine
used as an acknowledgment during a discussion of a good or clever point made at one's expense by another person. GOOD ONE!
Top Institutional Holders
Holder Shares % Out Value* Reported
Morgan Stanley 1,915,464 3.96 33,731,321 Mar 31, 2014
Kylin Management LLC 1,522,965 3.15 26,819,413 Mar 31, 2014
CR Intrinsic Investors, LLC 1,335,855 2.76 23,524,406 Mar 31, 2014
Oberweis Asset Management Inc. 1,324,179 2.74 23,318,792 Mar 31, 2014
Susquehanna International Group, LLP 1,259,088 2.60 22,172,539 Mar 31, 2014
SC China Holding Ltd 1,188,104 2.46 20,922,511 Mar 31, 2014
Altimeter Capital Management, LLC 6,277,552 12.98 110,547,690 Mar 31, 2014
Group One Trading, L.P. 955,615 1.98 16,828,380 Mar 31, 2014
DnB Asset Management AS 830,082 1.72 12,202,205 Dec 31, 2013
Bank of America Corporation 545,889 1.13 9,613,105 Mar 31, 2014
May 13, 2014
10:02 EDT WB, SINA, TWTR Weibo rises after Goldman starts coverage with Buy rating
Shares of Chinese microblog Weibo (WB) are climbing after Goldman Sachs initiated coverage of the stock with a Buy rating in a note to investors earlier today. Weibo has been described as China's version of Twitter (TWTR). WHAT'S NEW: Weibo is attracting a growing number of users and content providers, Goldman analyst Piyush Mubayi wrote in a note to investors earlier today. The company's support from SINA (SINA) and Alibaba increases the certainty of its revenue outlook, Mubayi believes. Weibo should become profitable this year and its net profit margin should reach 17% by 2015, predicted the analyst, who placed a $24 price target on the shares. WHAT'S NOTABLE: Yesterday Gene Munster, an analyst at research firm Piper Jaffray, initiated coverage of Weibo with an Overweight rating and a $25 price target. He predicted that the company's growth would accelerate, and said its valuation should exceed that of Twitter over the longer term. PRICE ACTION: In early trading, Weibo advanced 34c, or 1.7%, to $19.86. The stock closed at $17.86 on Friday.
May 12, 2014
09:50 EDT MPEL Melco Crown long-term story, valuation still compelling, says Janney Capital
Janney Capital attributes recent weakness in Melco Crown shares on a recent report that UnionPay was cracking down on illegal use of payment cards and a story regarding a junket operator who was said to have disappeared with over $1B. Janney said the UnionPay action was mostly related to mobile and the firm doesn't expect it to have a long-term impact. Janney also said its sources indicate the junket operator figure was overblown by the press. The firm maintains its Buy rating and $50 fair value estimate on Melco.