|Bid||23.75 x 900|
|Ask||24.34 x 1300|
|Day's Range||21.80 - 24.70|
|52 Week Range||14.44 - 50.82|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.82|
Is NIO Stock Readying for a Rally ahead of Its Q4 Results?(Continued from Prior Part)NIO’s earningsWhile NIO (NIO) stock was trading with a 3.0% month-to-date fall as of February 21, it was still up 19.9% YTD (year-to-date). Most other Chinese
Is NIO Stock Readying for a Rally ahead of Its Q4 Results?NIO’s fourth-quarter resultsPopular Chinese electric carmaker NIO (NIO) is set to release its fourth-quarter earnings results on March 5, 2019. The stock’s journey on the NYSE has been a
Earnings Call Scheduled for 8:00 p.m. ET on March 4, 2019 GUANGZHOU, China , Feb. 20, 2019 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming ...
Meanwhile, Activate projects that by 2021 eSports will have more US viewers than all other professional sports leagues, with the exception of the NFL. Seeing the future shift in sports and eSports, Robert Kraft of the New England Patriots, Jeff Wilpon of the New York Mets and the LA Rams’ Stan Kroenke invested heavily into their own franchises within Activision Blizzard’s Overwatch eSports league.
Trump Threatens China: No Deal Without What He WantsThe US-China trade warOn January 31, President Donald Trump said on Twitter, “Looking for China to open their Markets not only to Financial Services, which they are now doing, but also to our
Is China Trying to Steal Apple’s Autonomous Car Secrets?China’s attempt failedAccording to NBC, the FBI has arrested a Chinese national for allegedly “attempting to steal trade secrets” from Apple (AAPL). Jizhong Chen, an Apple employee,
NetEase Picks Up Minority Stake in France's Quantic DreamNetEase’s minority stakeOn January 30, NetEase (NTES), a well-known gaming company in China, picked up a minority stake in Quantic Dream for an undisclosed amount. The latter is a leading
Why HUYA Stock Is SoaringHUYA Over the last couple of months, reports about a slowdown in the Chinese economy have made investors nervous. Trade tensions between the United States and China have taken a toll on investor sentiments, too. But not all
Shares of Huya (NYSE:HUYA) have been on fire over the past few weeks. It's not just Huya stock either, as a number of Chinese equities are starting to gain some bullish momentum. Of course, it helps that the U.S. and China are seemingly finding common ground in recent trade talks. While the current trade spat may not directly impact a company like Huya or iQiyi (NASDAQ:IQ), it does impact the Chinese economy. * 12 2018 Winners That Will Be Big Ol' Losers in 2019 As you may or may not have read at this point, the Chinese economy is stumbling a bit. Granted, its growth remains robust compared to many developed nations, but manufacturing and other industries are taking a hit. Some companies are moving production out of the country due to the trade war. As a result, that hurts Chinese workers, which hurts the economy. Auto sales -- which enjoyed two decades of growth -- are stagnating. There are numerous data points suggesting the slowdown. I wouldn't say the sky is falling when it comes to the Chinese economy, but the nation is more vulnerable than many previously thought. The two countries have been hammering out talks for three days now, the last of which was unscheduled and suggests the meetings are progressing towards a solution. That presents both an opportunity and risk. While trade negotiations are playing the hero right now, they can just as easily play the villain. Should negotiations fall apart, look for it to deal a devastating blow to names like Huya, JD.com (NASDAQ:JD), iQiyi, Alibaba (NYSE:BABA) and others. InvestorPlace - Stock Market News, Stock Advice & Trading Tips That being said, should investors like Huya stock? ### Evaluating Huya Stock Huya is sort of like the Twitch of China. For those that don't know what Twitch is, it's an online game-streaming platform owned by Amazon (NASDAQ:AMZN). Given the growth in gaming and e-sports, it's no surprise that Twitch and other streaming platforms are benefiting as well. China's stance on video games is not as lenient as it is here in the U.S. Benefiting Huya was China's decision to ban Twitch. On the flip side, it also took a more strict approach to video games and which ones would be approved for consumers. Less games equals less streaming opportunities for Huya, which in turns hurts its growth. But all is not lost. Last quarter the company reported earnings of 8 cents per share and revenue of almost $186 million. That doubled analysts' earnings estimates and topped revenue expectations by more than $7 million, which rose by almost 120% year-over-year. User growth also showed impressive marks, with monthly active users up 14.6% and mobile monthly average users up over 28%. For the year, analysts expect earnings of 25 cents per share on revenue of $667 million. In 2019, estimates call for earnings to nearly double to 47 cents per share on revenue of $1.02 billion, up 53% year-over-year. If Huya can achieve those numbers, it's hard to imagine its stock trading below current levels. Hint: here are 8 other Chinese stocks with promising long-term future. ### Trading Huya Stock Click to Enlarge Huya stock went public in May at $12 per share and hit $50 per share a month later. This quadrupling in share price obviously meant Huya stock needed to cool off, and that's exactly what it's down. Shares have been trapped in a nasty downtrend for almost eight months. However, that came to an end a few days ago when Huya stock broke out over $16.50. Not only did the move propel Huya over the 21-day moving average, but also over downtrend resistance (blue line). It quickly tore higher, climbing 25% in five days and running into possible resistance near $20. Now what? Huya and other high-flying Chinese stocks have the potential to really rip if and when the U.S. and China put together an official trade deal. But until then, I'm still skeptical of the group, regardless of the breakouts. * 7 Tech Stocks That Can Lead a Sector Turnaround I am eventually looking for Huya stock to breakout over $20 to $21, which would put Huya over its 100-day moving average. But it wouldn't be the worst thing for the stock to pullback and/or consolidate for a bit now. Over the 21-day and 50-day moving averages, and the name is still attractive on the long side. It's imperative for the bulls to keep Huya over prior downtrend resistance and the $15 mark. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks You Can Set and Forget (Even In This Market) * 10 Virtual Assistants for the Future of Smart Homes * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post Can Huya Stock Set Up for Another Massive Breakout? appeared first on InvestorPlace.
Chinese Tech Stocks Surge on Renewed US-China Trade Optimism ## US-China trade optimism Markets cautiously gave a thumbs up yesterday to the renewed optimism that the US and China seem to be engaging in more meaningful talks towards sealing a trade deal. US Commerce Secretary Wilbur Ross stated that both the economic powerhouses could reach a settlement “they can live with, and that addresses all the key issues.” The SPDR S&P 500 ETF Trust (SPY) was up 0.47% on January 9, whereas the iShares Dow Jones US Technology (IYW) jumped 1%. American technology giants Apple (AAPL) and Amazon (AMZN) were up 1.7% and ~0.2%, respectively. American depository receipts of Chinese technology companies NetEase (NTES), Baozun (BZUN), and IQIYI (IQ) were up 6.6%, 3%, and 1.8%, respectively, yesterday. Among the Chinese technology companies, notable gainers were HUYA and Bilibili. Let’s take a look. ## Chinese tech stock rally On January 9, HUYA (HUYA), a leading live game streaming platform in China, witnessed a sharp 6.8% rise in its ADRs (American depository receipts). The company’s ADRs opened at $18.32 and rose to touch an intraday high of $20.20 in afternoon trading. Later on, HUYA ADRs declined marginally to close on $19.45, up ~6.8% from the previous close of $18.22. HUYA ADRs were listed at $16.06 on the NYSE after its IPO in May last year. After soaring to highs of $46.20 after its IPO, the company’s ADRs have significantly declined since then. Much of the decline was related to trade war fears and Chinese authorities’ decision not to approve new games since March 2018, which negatively impacted the game industry in the country. However, 2019 appears to be a different case. The company’s ADRs have soared 23% on a YTD basis as of January 9. Bilibili (BILI), another Chinese technology major, is a video sharing website involving a game, comics, and animation. BILI ADRs surged ~6.6% yesterday. The ADRs reached an intraday high of $16.37 on January 9 before closing on $15.75, up 6.6% from the previous day’s closing price of $14.78. Noted equity research company Morgan Stanley has expressed bullishness towards Chinese technology companies in 2019. Morgan Stanley revised its price target on BILI to $17.0. This price target revision implies an 8% premium on BILI ADRs closing price on January 9.
U.S. equities continue to slowly-but-surely squeeze higher, even as resistance looms overhead. U.S.-China trade negotiations continue to improve and the Federal Reserve seems to be backing off its hawkish stance. This has given investors renewed hope, allowing stocks to rally. Let's get a look at today's top stock trades. ### General Electric (GE) Click to EnlargeHave InvestorPlace readers been nailing this one or what? General Electric (NYSE:GE) stock may have a tough time when it reports earnings later this month thanks to its big rally off the lows. But it's been an absolute beast from its December lows. Shares hit $6.66 in early December, but more importantly, didn't retest those lows when the rest of the market hit its low on Dec. 24. GE then powered up and through the 21-day moving average and the $8 level. We highlighted $8 and the 50-day moving average previously and on Wednesday, we got a pullback to this level after a test of $9. InvestorPlace - Stock Market News, Stock Advice & Trading Tips Now what? After a beautiful bounce, investors have to see how it does with $9 again. As you can see in November, GE got extra volatile once it fell below this mark (blue circle). If GE pulls back and holds $8 again, it's a buy. * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors For now, though, I'm looking for another test of $9. Let's see what happens if and when it does. ### Skyworks Solutions (SWKS) Following Apple's (NASDAQ:AAPL) preliminary guidance move, Skyworks Solutions (NASDAQ:SWKS) cut its guidance for the upcoming quarter. In response the stock … rallied 4% on Wednesday? That's right. That's how you know the market was pricing in the absolute worst for SWKS and likely other suppliers as well. What do I want to see now? SWKS get back over the 10-week moving average and $70. Maybe the stock has bottomed -- and it has attractive fundamentals -- but I want to be sure that the downside is over. Above $70 and SWKS has a better risk/reward setup. ### Huya (HUYA) Click to Enlarge Up almost 9% on Wednesday and 25% over the five days, Huya (NYSE:HUYA) has investors' attention. In fact, many Chinese stocks are moving more bullishly now that the U.S.' negotiations are improving with the country. The stock's move over downtrend resistance and the 21-day moving average sparked a rally over the 50-day and up to $20. The question now is, will $20 and the 100-day moving average act as resistance? It's looking like it might, at least in the short-term. If Huya can keep pushing higher though, it may help spark a rally for other Chinese equities. My thoughts? IQiyi (NASDAQ:IQ) could be due for some upside momentum. ### Micron (MU) Click to Enlarge After fetching a few upgrades this week, Micron (NASDAQ:MU) is starting to move nicely. The stock paused at $34, a level it broke down from in December, after finding it as support a few times in the fourth quarter. However, MU powered through this level while jumping higher by 7% on Wednesday. In doing so, the stock broke out over downtrend resistance (blue line) and is also testing a breakout over the 50-day moving average. Will the move stick? That depends. But bulls have to see it hold up over downtrend resistance/$34 at this point. If it can, I have faith that the bottom is in. That said, we're not overbought yet and even though shares are up big Wednesday, they could keep rallying. I'm watching the $40 to $41 level should MU continue to move higher. This area was important in the second half of 2018, but also marks the 38.2% Fibonacci retracement level from the 2018 high-low range. ### Energy ETF (XLE) Click to Enlarge The Energy Select Sector SPDR ETF (NYSEARCA:XLE) has been on a tear from its December lows, rallying from sub-$54 to more than $62 in virtually a straight line. Aggressive bears can short the ETF now with a stop-loss on a close over $64. Conservative bears will wait for the ETF to breach $63 and possibly test $64 before taking a short position. Either way, $64-ish should be a tough level and offers a good risk/reward for bears. Keep in mind, the XLE's top three positions are Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX) and ConocoPhillips (NYSE:COP). Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Retail Stocks to Buy for Winning the Online Battle * The 7 Best Stocks in the Entrepreneur Index * 7 5G Stocks to Buy as the Race for Spectrum Tightens Compare Brokers The post 5 Top Stock Trades for Thursday: Trading GE, MU and SWKS appeared first on InvestorPlace.
2018 was not a good year for the Chinese stock market. The Shanghai composite, the market's major average, fell nearly 25%, the worst performance of any Asian stock market. Most Chinese stocks declined: of 86 China-based stocks listed on U.S. markets, according to a finviz.com screen, just 10 rose more than 1% in 2018. It's far from certain that 2019 will be any better -- at least initially. Trade war concerns aren't going anywhere. Investors across the globe still are fearful of recession, re-igniting long-running fears of a "hard landing" in the Chinese economy, and thus Chinese stocks. * 9 A-Rated Safety Stocks for a Grossly Oversold Market That said, there are some intriguing values in the Chinese stock market. Long-term, the movement of hundreds of millions of citizens into the middle class and beyond promises explosive economic growth. It may be a bumpy ride -- indeed, it already has been -- but a great deal of promise remains. These five Chinese stocks all look cheap relative to their potential. And after the Chinese stock market bottoms, they could be the biggest winners when the rebound comes. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### JD.com (JD) Source: Daniel Cukier via Flickr E-commerce operator JD.com (NASDAQ:JD) has had one of the steepest falls of any Chinese stock, dropping by nearly half in 2018. Investments behind the business have pressured earnings. The CEO wound mired in an ugly incident in the U.S. E-commerce leader Alibaba (NYSE:BABA) has sold off -- albeit not the same extent -- adding to the pressure on second-place JD.com. I've been a long-time bull on JD stock, which has been one of my favorite Chinese stocks. But amid the endless selling pressure, even I've waved the white flag. The "risk-off" attitude in the market and the lack of patience in JD.com's higher spending suggests it will take some time for investors to return to the bull case. That said, I still believe that will happen at some point. JD.com has big-money partnerships with Walmart (NYSE:WMT) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG), the latter of whom took a stake in JD.com at over $40 per ADS, nearly double the current price. The e-commerce market in China will be big enough for two winners, at least. And JD's better supply chain could allow it to take share from Alibaba over the long haul. JD stock seemingly has bottomed over the past six weeks, so a rebound may be at hand. Near-term, investors still need to be careful: if support breaks again, the downtrend can resume. But at some point, I still believe JD will rebound. ### Nio (NIO) Electric vehicle company NIO (NYSE:NIO) closed the year up under 2% from the price at which it went public in September. In the context of the overall market -- and the Chinese stock market -- over that stretch, the performance certainly isn't that bad. But a seemingly "cheap" price above $6 belies how expensive NIO truly is. This is a company still valued at over $8 billion despite the fact that it doesn't yet manufacture its own vehicles. (NIO contracts with a state-owned manufacturer, and aims to get a license at some point.) A 3x multiple to 2019 revenue estimates doesn't sound that big, but it's certainly high for an automaker. The only other company with a similar valuation is Tesla (NASDAQ:TSLA), to which NIO is often compared. That said, there's an intriguing long-term bull case here, as I detailed last month. The near-term risks, however, seem huge in this market. Another market downturn and/or further pressure on Chinese stocks without question is going to take NIO stock down. Put selling can create a hedged entry -- and for investors willing to try and time the bottom, might be the wisest choice. * 10 Oversold Stocks Due for a Bounce This seems like a story that could be huge -- but in this market, there also seems to be little reason to rush in. ### Huya (HUYA) Source: Shutterstock Huya (NYSE:HUYA) is often referred to as China's version of video game streaming company Twitch, now owned by Amazon.com (NASDAQ:AMZN). Like NIO, Huya went public this year, with shares priced at $12. Unlike NIO, HUYA stock actually rose from those prices, closing the year above $15. But that gain is small solace to most HUYA shareholders. The stock rose 300% out of the gates; it fell nearly 70% from highs above $50 to the end-of-year price. The chart still suggests a falling knife, and between competition from privately held Douyu and others, plus a 3x-plus multiple to 2019 revenue estimates, HUYA stock could have further to fall. That said, here, too, there's a bull case worth buying. Video game demand in China continues to rise -- and should do so for years at a pace that exceeds even that of the U.S. The company has turned profitable already. And a buyout isn't out of the realm of possibility. The risks here looks similar to those facing many issues in the Chinese stock market. The rewards, however, do not. A return even close to 2018 highs suggests huge upside for HUYA. And a heavy short interest, plus a thin float, means a short squeeze provides a potential catalyst once sentiment finally turns. ### PetroChina (PTR) For a $200 billion company, PetroChina (NYSE:PTR) gets a surprisingly small amount of attention. What news there has been of late, however, certainly hasn't been good. PTR trades near its lowest levels in almost three years - and is only a few points away from touching a thirteen-year low. It's not hard to see why that is. Oil prices are falling; the spike in natural gas is fading. Concerns about the Chinese economy are rising. If anything, it might seem surprising that PTR fell "only" 12% in 2018. * 10 Top Stock Picks From the Street's Best Analysts But those obvious risks also set up a potential case for a rebound. It's hard to think of any large-cap stock that could benefit more from a broad reversal in sentiment. If investor fear turns back to greed, oil bounces, Chinese stocks bounce and PTR could gain big. After all, the stock traded above $80 -- 30% or more above current levels as recently as early October. ### Baidu (BIDU) Source: Shutterstock On this site in early November, Luke Lango laid out the value-based bull case for Baidu (NASDAQ:BIDU). Lango isn't alone: Wall Street analysts on average see over 50% upside for BIDU. And yet the stock has dropped another 20% in the last two months, closing out a year in which BIDU declined some 32%. The bulls may not be wrong, however -- just early. The chart is ugly, and Baidu is going to need some help from the Chinese stock market to end its long decline. When that reversal comes, however, there's a lot to like here. BIDU trades at a mid-teen multiple to forward earnings despite heavy investments in the business and losses from iQiyi (NASDAQ:IQ). Its search dominance seems assured. Like a lot of Chinese stocks, BIDU probably just needs some time for investor confidence to return. As of this writing, Vince Martin has a bearish out-of-the-money options position in Tesla. He has no positions in any other securities mentioned. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Top Stock Picks From the Street's Best Analysts * 7 Tech Stocks Without China Exposure * 5 Strong-Buy Stocks That Crushed 2018 Compare Brokers The post 5 Chinese Stocks to Avoid Now (But Buy Later) appeared first on InvestorPlace.
Shares of Tencent Holdings, NetEase and other China stocks jumped Friday after a government official signaled a freeze on approvals for new games is ending. But some stocks fell back.
Like so many Chinese tech plays, HUYA stock has pulled back sharply over the past few months. Like any tech play, Huya stock has risks. Like Twitch, now owned by Amazon.com (NASDAQ:AMZN), Huya Inc operates a game live streaming platform.
CORAL GABLES, FL / ACCESSWIRE / December 12, 2018 / The eSports industry has grown at a fast pace over the last few years. A new report from Newzoo supports this idea as total eSports revenue increased from $493 million in 2016 to over $650 million last year. In addition to this the total revenue for 2018 could surpass $900 million.
GUANGZHOU, China , November 12, 2018 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China , today announced its unaudited ...
Small-caps and large-caps are wildly popular among investors; however, mid-cap stocks, such as HUYA Inc (NYSE:HUYA) with a market-capitalization of US$3.9b, rarely draw their attention. Despite this, commonly overlooked mid-caps Read More...
The Chinese game streaming stock was hit hard amid a market pullback and a concerning move from the country's entertainment regulators.
-Earnings Call Scheduled for 8:00 p.m. ET on November 12 , 201 8 - GUANGZHOU, China , Oct. 30, 2018 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game ...
NEW YORK, NY / ACCESSWIRE / October 8, 2018 / U.S. equities plunged on Friday as concerns over rising interest rates countered upbeat economic data. U.S. unemployment rate dropped to 3.7 percent, its lowest ...