|Bid||166.03 x 1100|
|Ask||166.65 x 800|
|Day's Range||165.99 - 170.89|
|52 Week Range||153.78 - 284.22|
|Beta (3Y Monthly)||1.19|
|PE Ratio (TTM)||12.99|
|Earnings Date||Apr 22, 2019 - Apr 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||217.13|
Since the start of the year, China's iQIYI (NASDAQ:IQ) stock has been on a tear. A Chinese internet vide company, iQIYI was spun off from Chinese search engine Baidu (NASDAQ:BIDU).IQ stock, which sold for under $15 at the start of January, was trading for $26 this afternoon. (IQ stock had briefly topped $43 after its April 2018 IPO.) But the recent rally of IQ stock price is the kind of run-up that justifies the faith of bulls in what has been called the "Netflix (NASDAQ:NFLX) of China."Those who are considering buying or selling IQ stock must determine if the rally of iQiyi stock was triggered by the passion of the market, or if the company itself is outperforming.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks on the Rise Heading Into the Second Quarter What Is iQIYI?As I wrote in August, IQ is nothing like Netflix. China's streaming market is far more competitive than that of the U.S. Units of Tencent Holding (OTCMKTS:TCEHY) and Alibaba Group Holding (NASDAQ:BABA) have also entered the market. Both have more capital behind them than Baidu could muster, which is why IQ stock was spun off.In some ways, China's internet video market is more advanced than America's. More of China's internet videos are viewed on mobile devices. The business models of the company's streaming companies are sophisticated.iQIYI's revenue mix is a cross between Alphabet's (NASDAQ:GOOGL) YouTube, Netflix, and the Valve service from Stream. Founder Tim Gong said before the IPO of IQ stock that 40% of its revenue came from advertising, 33% from subscribers and the remainder from games. IQ has a licensing agreement for Netflix content, but its own shows generate most of its revenue.IQiyi skews young. It's aimed at the generation of consumers Americans call millennials, the "Little Emperors" who have known nothing but capitalism and have grown up in one-child households. Gong says the company further monetizes its audience by selling merchandise. How Is IQ Doing?IQiyi's fourth-quarter earnings , released in February, showed growth of 55% year-over-year. But that was from a relatively small base. Its total revenue for the quarter came in at $1 billion, with an operating loss of $483 million. The company's losses are increasing as it adds new types of content, including robot fights and dance contests.U.S. analysts swooned over these numbers, which showed a narrower loss than anticipated, and almost $28 million more revenue. than analysts, on average, had expected They noted that it had 87.4 million subscribers, almost all of them paid, while its membership revenue had jumped 66% YoY, The Bottom Line on IQ StockiQIYI's total 2018 revenue came to $3.6 billion, narrowly divided between subscriptions and advertising,As of this afternoon, IQ stock had a market cap of nearly $19 billion, meaning investors today are paying nearly six times revenue for iQIYI stock. They're expecting another year like 2018, and the company is investing at a rate that indicates that it expects its growth to continue at the same pace, too.Assuming China's economy doesn't turn sour, that's possible. China had almost 130 million people who were 25-29 years old in 2016, and another 100 million who were 20-24. That is the heart of IQiyi's market. But births have been slowing for two decades, and there is a surplus of young men,.As fast as China has been changing this century, it's going to change faster in the next decade. When you buy IQ stock today, you're betting its site can change with it.Dana Blankenhorn http://www.danablankenhorn.com is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family https://www.amazon.com/Reluctant-Detective-Finds-Her-Family-ebook/dp/B07FSRDR4Y/, available now at the Amazon Kindle store. Write him at firstname.lastname@example.org or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post iQIYI Stock Is on a Tear, But Don't Rush to Buy It appeared first on InvestorPlace.
Mario Draghi: Is another ‘Whatever It Takes’ Moment at Hand?(Continued from Prior Part)EuropeWhile the rest of the world recovered from the 2007–2008 financial crisis, Europe (VGK)(EZU) has been engulfed in one crisis after another.
What Fund Managers’ Allocations Say about the Market's Outlook(Continued from Prior Part)Most crowded trade As with the biggest tail risk, the latest Bank of America Merrill Lynch Survey resulted in a new “most crowded trade” response as well.
Ford will establish a self-driving center in Michigan and is expanding production of electric vehicles there.
More Action: US-China Trade Talks Resume Next WeekUS-China trade talks The US and China have held four rounds of trade talks since President Trump and President Xi Jinping agreed to a 90-day truce last year. President Trump extended the truce
As China's Internet market, which is already home to more users than there are people living in the U.S., continues expanding, digital advertising expands as well. The O’Shares Global Internet Giants ETF (OGIG) is one of the newer options among Internet exchange traded funds, but unlike its domestically-focused rivals, OGIG features exposure to Chinese Internet companies. Some of OGIG’s top portfolio holdings includes companies such as Alibaba, Amazon, Facebook, and Alphabet, each of which represents 6- to 6.5-percent of the overall portfolio.
The cup with handle chart pattern is to serious investors what the single is to a baseball fan. It's the starting point for scoring runs.
IQiyi Inc., controlled by search giant Baidu Inc., intends to cultivate a social media-oriented video sharing platform geared toward entertainment, founder and Chief Executive Officer Gong Yu told Bloomberg Television. Apps like Douyin, known as Tik Tok in the U.S., have exploded across China, helping users shoot and share clips on everything from dancing teens and feats of physical strength to noodle-slurping villagers. IQiyi is hoping to tap China’s voracious appetite for everything from celebrity gossip to movie clips -- a function of an exploding film and TV industry that’s also massively inflated production and talent costs.
Economic Slowdown Deepens, Central Banks Take Charge(Continued from Prior Part)China’s central bankWhile most of the major economies are expected to grow at a slower pace this year compared to 2018, China’s economic slowdown has been getting
The Latest Updates from Microsoft and IBMMicrosoft says relationship with Foxconn is important Microsoft (MSFT) recently sued Foxconn, formally known as Hon Hai, in a patent dispute. Microsoft filed the suit in a United States district court in
Search Engine Players GOOG, BIDU, and YNDX Look for New Angles(Continued from Prior Part)Google is gaining groundYandex (YNDX) appears to be struggling to keep its lead in Russia’s Internet search engine market. The company’s share of the search
All You Need to Know ahead of PayPal’s Q1 Results(Continued from Prior Part)PayPal faces escalating competition In the past year, we’ve seen PayPal (PYPL) make a series of strategic acquisitions in apparent attempts to sharpen its competitive
Trump-Xi Meeting Postponed: How Markets Could React This MonthUS markets this yearUS markets have mostly been in party mode this year, driven by the Fed’s U-turn on rate hikes and optimism about US-China (SPY) (FXI) trade talks. If one of
Search Engine Players GOOG, BIDU, and YNDX Look for New Angles(Continued from Prior Part)Baidu partners with Ctrip Baidu (BIDU) has given research a top priority in its spending allocations. At least 15% of Baidu’s revenue goes toward funding
Search Engine Players GOOG, BIDU, and YNDX Look for New Angles(Continued from Prior Part)Google launches apps just for IndiaGoogle (GOOGL) recently launched a language app called Bolo to help kids in India improve their English and Hindi reading
Search Engine Players GOOG, BIDU, and YNDX Look for New Angles(Continued from Prior Part)Duplex is rolling out broadly Alphabet’s (GOOGL) Google is expanding the availability of Duplex, its automated restaurant reservation tool. Duplex is rolling
Search Engine Players GOOG, BIDU, and YNDX Look for New AnglesGoogle wants to help developers make more money Alphabet’s (GOOGL) Google is introducing a new feature designed to expand monetization options for Android developers. The feature is
Chinese Economic Data in Focus after Dismal Auto Sales and PMIChinese economic data Tomorrow, China is expected to release a slew of economic data including fixed asset investment, industrial production, real estate indicators, and retail sales. So