|Bid||35.61 x 1000|
|Ask||35.90 x 1000|
|Day's Range||34.87 - 39.22|
|52 Week Range||15.25 - 50.82|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||235.11|
MARKET PULSE Shares of Chinese streaming company iQiyi Inc. (iq) are down 8.7% in Friday morning trading, extending their recent slide. The stock fell more than 12% in Thursday's session, marking its biggest single-day percentage drop on record.
Have you heard of Turtle Beach Corp (NASDAQ:HEAR) before? Obviously stumbling upon Turtle Beach stock in the single digits would have been more helpful, much like buying iQiyi (NASDAQ:IQ) or Huya (NYSE:HUYA) on their IPOs would be better than chasing them at $45 apiece. First, Turtle Beach makes headsets aimed at the gaming and computing market.
MARKET PULSE Shares of Chinese streaming company iQiyi Inc. (iq) are down more than 10% in Thursday afternoon trading and on pace for their worst single-day performance since the company's Match initial public offering.
It has been barely over a month since its initial public offering, and already, HUYA (NYSE:HUYA) is making a huge impact. Can upstart HUYA stock break this trend? To those who are new to the concept, this sounds like people watching other people play video games.
IQ stock churned in the low $20’s and abruptly took off, climbing north of $30 almost instantly, then $40. Netflix has subscriber growth momentum too and now its $177 billion market dwarfs many of its competitors.
One type of IPO met another, less desirable kind during Tuesday’s session in HUYA Inc – ADR (NYSE:HUYA). An IPO — or initial public offering — can be tricky business. Such is the case for online-gaming outfit HUYA stock.
It seems way too obvious to keep working but the dip buyers are hard at work on this weak open. Already a couple of the Super Momentum stocks I mentioned yesterday, IQIYI and HUYA are trading sharply higher after a negative open.
One of the most common mistakes that traders make is underestimating the power of momentum. Strong stocks tend to go much higher than we tend to think is reasonable. We figure this stock has gone up almost 300% in a month, so it is reasonable for it to pull back and rest.
The dip buyers couldn't resist a gap-down open caused by trade war worries but the question now is whether they will stick around. Although the indices are off the early lows there is some hesitancy to aggressively chase.
Although able to rally off the morning lows, U.S. equities were under pressure Friday on renewed concerns over a potential trade war with China. Early Monday, stock market futures are down across the board with the Dow Jones Industrial Average set to open 212 points lower. On that note, here are our top stock trades going into this week before the bell Monday.Top Stock Trades for Monday: Adobe (ADBE)
In this commentary, I will examine HUYA Inc’s (NYSE:HUYA) latest earnings update (31 March 2018) and compare these figures against its performance over the past couple of years, as wellRead More...
HUYA shares continued to rally after posting strong first quarter results in early June and receiving a "buy" rating from a Needham analyst recently. HUYA Inc. shares closed up 13.10% on Thursday with around 14.4 million shares traded. It was earlier in the week that Jinjin Qian, an analyst with Needham, wrote, "As the first pure-play game live streaming company to go public, we believe Huya is a solid name to own with a robust content ecosystem, strong user metrics, and scalable business model." The analyst also said, "[U]pside exists given its leadership position, revenue growth, improving profitability, and monetization upside potential." Qian put a "buy" rating on the stock with a $41 price target, which HUYA has already surpassed.
The key stories of the Thursday's market were the outstanding pockets of momentum -- primarily in cloud computing, technology and certain China-related names. The momentum was so strong that even some of the bulls were worried that it was becoming frothy, but much of the action was hidden under very sedate action in the DJIA and S&P 500. The bullish response is that there clearly is an appetite for stocks.
It’s been one day since the FOMC press conference and announcement that the Federal Reserve will raise interest rates. Despite U.S. stock indexes barely budging, there was a lot of movement below the surface. Let’s look at some of that movement with our top stock trades.
Chinese stocks have been hot over the past few weeks, turning a lot of investors’ heads. While Alibaba Group Holding Ltd (NYSE:BABA) breaking to new highs and JD.Com Inc(ADR) (NASDAQ:JD) ripping higher from critical support have been promising, a new group of Chinese stocks is captivating Wall Street.
LONDON, UK / ACCESSWIRE / June 14, 2018 / U.S. markets fell Wednesday after the Federal Reserve raised interest rates and hinted at more increases were coming in 2018. The Nasdaq Composite Index declined 0.11 percent to close at 7,695.70. On Wednesday, the Federal Reserve raised its benchmark short-term interest rate by 0.25 percent.
Shares of Chinese game-streaming company Huya Inc. are up 0.2% in Wednesday morning trading after Needham analyst Jinjin Qian initiated coverage of the stock with a buy rating and $41 price target. Huya went public in May. "As the first pure-play game live streaming company to go public, we believe Huya is a solid name to own with a robust content ecosystem, strong user metrics, and scalable business model," Qian wrote. "While valuation is not necessarily cheap, we believe upside exists given its leadership position, revenue growth, improving profitability, and monetization upside potential." Qian said that China's live-streaming market for games is expected to reach nearly $5 billion in 2022, from $1.2 billion currently.
All the major indices are close to flat, but breadth is slightly negative and the number of new 12-month highs has fallen sharply to around 166. Instead the early weakness was bought so quickly that much of the downside had evaporated by the time the regular market session opened.
ADR (NYSE:HUYA) reported its first earnings result as a public company. Huya stock first spiked in after-hours trading but found itself slightly lower in Wednesday’s trading session. With these mid-cap Chinese stocks, that’s precisely how I stumbled into them.
Huya Inc. shares rose more than 6% in the extended session Tuesday after the company reported first-quarter earnings. China-based Huya is similar to the Amazon.com Inc. -owned game-streaming platform Twitch. Huya reported first-quarter revenue of $134.5 million, up 111.5% compared with the year-earlier period.
GUANGZHOU, China , June 5, 2018 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China , today announced its unaudited financial ...
The indices are building on Friday's gains and breadth is running quite strong but there are quite a few of reversals from highs in the early going. For example a number of China names that I mentioned last week quickly reversed after a strong start.