To be more accurate, I would say 15-20% upside potential from here by next couple of weeks.
EMA 20 is crossing EMA 50. Based on previous same cross, BIDU should be up about 20% from here (there is always a hick up when that cross is about to happen and then upward momentum continues)!
8:45 EDT - After upgrading Facebook (FB) ahead of the social network's 4Q report, Raymond James does so again as the 1Q print looms Wednesday. The investment bank goes to strong buy, citing checks with a major advertiser apparently ramping up spending with FB. Raymond James, which keeps its price target at $37, contends analysts' expectations for mobile-ad sales in particular should prove "conservative." FB, down 1.8% this year, is poised to wipe that out today with shares rising to $26.60 premarket.
Facebook Raised to Strong Buy From Outperform by Raymond James FB
Last update: 4/26/2013 8:02:03 AM
(END) Dow Jones Newswires
April 26, 2013 08:02 ET (12:02 GMT)
That report was issued on Jan 22. The price was $38 then, and it is now almost $42 ($4 increase since that report).
DECK has broken its triangle range yesterday with a heavy volume. if it can close above last Friday close on upcoming Monday, which I expect to do so (watch the volume on Monday as well), that would be a confirmation.
DECK is then headed toward $50 in a matter of couple of weeks if not days.
NFLX was over $300 and it then dropped to $50's. Then it gradually came back to around $100, as they have improved their business slowly. Since yesterday it has jumped from $98 to today's closing price of $169 (more than 200% increased from its low's of $50's, not long time ago, and another 70% increase just since yesterday as a HUGE SHORT SQUEEZE after earning report).
Very similar situation here to DECK; gradually started to recovered from low's of $29 to around $42 today. Considering much colder winter this year all around the world, DECK should do much better compare to last year warm winter and to continue improving their business in up coming quarters.
When time comes up for DECK, it'll do the same as NFLX did, and bounce back up big time as it is one of most volatile stocks in sp500 with already a heavy short interest in it now. (short squeeze could make this stock go up by 50% in a blink of an eye)
The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Internet Software & Services industry. The net income increased by 102.9% when compared to the same quarter one year prior, rising from -$336.34 million to $9.88 million.
SINA's revenue growth trails the industry average of 44.3%. Since the same quarter one year prior, revenues rose by 16.9%. Growth in the company's revenue appears to have helped boost the earnings per share.
SINA CORP reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. But, we feel it is poised for EPS growth in the coming year. During the past fiscal year, SINA CORP reported poor results of -$4.58 versus -$0.39 in the prior year. This year, the market expects an improvement in earnings ($0.08 versus -$4.58).
The company's current return on equity greatly increased when compared to its ROE from the same quarter one year prior. This is a signal of significant strength within the corporation. Compared to other companies in the Internet Software & Services industry and the overall market, SINA CORP's return on equity significantly trails that of both the industry average and the S&P 500.
SINA's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 33.06%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Despite the heavy decline in its share price, this stock is still more expensive (when compared to its current earnings) than most other companies in its industry.
Sentiment: Strong Buy