18.30 +0.01 (0.05%)
After hours: 7:51PM EST
|Bid||18.30 x 1000|
|Ask||18.27 x 3100|
|Day's Range||17.75 - 18.64|
|52 Week Range||14.35 - 46.23|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||17.25|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||25.31|
Shares of iQiyi (NASDAQ:IQ) are starting to show some life after spending several quarters in the hurt locker. IQ stock has been off to a quick start this year, bolting higher by more than 24%. However, it's still down big over the past three and six months, falling more 21.5% and 44%, respectively. Last week though, iQiyi stock showed signs of breaking out, heaping some confidence on investors that the worst may be over. Is that the case and is IQ stock really breaking out? Perhaps. While iQiyi remains a volatile name in the short term, I continue to like IQ because of its long-term potential. When you hear a company described as "the Netflix of China," it certainly gets your attention. While Netflix (NASDAQ:NFLX) has its own issues, it's hard to deny what it has done to the video content industry. InvestorPlace - Stock Market News, Stock Advice & Trading Tips That said, Netflix isn't allowed in China, which has allowed a company called iQiyi to blossom. Like Netflix, IQ doesn't have the greatest financial situation in the world -- it's not Apple (NASDAQ:AAPL) or Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) -- but it has incredible subscriber growth. ### Evaluation IQ Stock For starters, the entire Chinese equity market continues to feel pressure as economic data out of China signals concern and as the trade war wears on. It doesn't matter that IQ stock is listed on the Nasdaq, as all Chinese stocks simply remain under selling pressure. So what does that mean for iQiyi? In all truth, the trade war has very little to no direct impact on iQiyi's business. The economic slowdown likely doesn't help, but it seems like iQiyi at least has a defensible moat much like Netflix would during a recession. Again, this isn't a positive catalyst, but all things considered, I would consider iQiyi in a better position than a number of other companies. * 5 Artificial Intelligence Stocks to Consider Earlier this month, Bernstein analysts slapped an underperform rating and a dreadful $11 price target on the stock. It feels like analysts and others are looking for this company to be on the brink of profitability and churning out positive cash flow despite still being in its early years. While the company may not be there yet, we have to realize that it needs a massive base of subscribers before it can really take flight. Those who are patient have the potential to reap big rewards from this one. On October 30th, iQiyi reported its third-quarter results. A loss of 4.34 yuan per share badly missed expectations for a loss of 2.81 yuan per share and management needs to tighten up a bit in this regard. That said, revenue exploded 48% to 6.9 billion yuan (roughly $1 billion) while subscriber growth boomed 89% to 80.7 million. Understand that iQiyi is not a perfect mirror of Netflix. However, it runs a subscription segment similar to Netflix and an ad-based model similar to YouTube. So while the subscriber growth is impressive, realize that it's not all monthly paying subscribers. Consider that in its third quarter, Netflix had revenue of $4 billion and total subscribers of 130 million. Based on those numbers and NFLX's now $148 billion valuation, it makes iQiyi seem too discounted at just $13.3 billion. ### Trading iQiyi Stock The fundamental situation still needs to be cleaned up to bring investors back in droves. However, the charts are shaping up to the point where bulls may not care about earnings or margins, they care about the breakout. IQ stock has closed above downtrend resistance (black line) and the 50-day moving average for the first time since July. Even if this recent rally ends up fizzling out, just getting to this point is a positive development. If shares can hold up above this level and stay above short-term uptrend support (blue line), IQ stock could put together a rally up to the 100-day moving average. While the charts are looking good right now, bulls must be careful. IQ stock has been incredibly weak over the past seven months. Should it lose this breakout zone and fall back below uptrend support, the December/January lows are back on the table. If that level fails, who knows where support will come into play next. * 7 Dark Horse Stocks You Really Need to Look at for 2019 So how do we play? Investors can be long over uptrend support and flat if IQ stock falls below. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AAPL, GOOGL and IQ. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Growth Stocks for the Return of the Bull * The 10 Best Index Funds to Buy and Hold * 10 Lithium Stocks to Buy Despite the Market's Irrationality Compare Brokers The post IQ Stock Breakout: Is It Time to Buy the Netflix of China? appeared first on InvestorPlace.
Updates from Online Music and Video Providers: SPOT, P, IQ(Continued from Prior Part)iQiyi enters Shanghai subway marketingiQiyi (IQ) has teamed up with several like-minded partners to form a joint venture focused on subway marketing in Shanghai,
The number of companies engaged in initial public offerings (IPOs) in the U.S. in 2018 far surpassed rates in 2017 and 2016. The first three quarters of the year brought about 173 IPOs, raisinga combined $45.
SHANGHAI , Jan. 15, 2019 /PRNewswire/ -- iQIYI, Inc. (NASDAQ : IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China , today announced its ...
Twitter's stock moved 2.6% higher Thursday, to close the day at $33.09. The stock recorded a trading volume of 30,493,915 shares, which was above its three months average volume of 24,734,120 shares. In the last year, Twitter's shares have traded in a range of 22.04 - 47.79.
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.
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.
Why Tencent Music Tanked Over 4% Today ## Tencent Music Chinese music streaming services provider Tencent Music Entertainment Group’s (TME) performance has remained mixed since its IPO in December. Through its IPO, the company managed to raise about $1.1 billion, translating to a value of $21.3 billion. Tencent Music’s ADRs (American depositary receipts) started trading on NYSE at $13.00, and as of January 4, it had gone up 1.5%. ## Recent weakness Today at 2:50 ET, Tencent Music ADR posted a day low of $12.64, down about 4.2% from its previous session’s closing price. There was no significant news from Tencent music. However, last week, its home-market competitor NetEase Cloud Music, owned by NetEase Inc. (NTES), announced a partnership with South Korean entertainment company CUBE Entertainment. Under this partnership, “NetEase Cloud Music has been granted access to CUBE Entertainment’s complete music catalog, including sought-after albums and tracks from popular performers such as BTOB, CLC, PENTAGON, Yoo Seon-Ho and (G)I-DLE,” it said in a press release. Investors’ concerns about increasing competition for Tencent Music due to NetEase Cloud Music’s expanding music library in China could be taking a toll on TME. Note that Tencent Music was formed after its parent company, Tencent Holdings (TCEHY), acquired China Music Corporation in 2016 while NetEase Cloud Music launched in 2013. In the fourth quarter of 2018, Tencent Holdings fell 3.4% while other Chinese companies (FXI)(MCHI) Alibaba (BABA), NIO (NIO), Baidu (BIDU), and IQIYI (IQ) lost 16.8%, 8.7%, 30.6%, and 45.1%, respectively. In comparison, US tech companies Apple (AAPL), Amazon (AMZN), and Netflix (NFLX) fell 30.1%, 25.0%, and 28.5%, respectively, last quarter.
iQIYI announces commitment to release of twenty new vertical video series on new channel this year, including dramas, variety shows and cartoons BEIJING , Jan. 3, 2019 /PRNewswire/ -- iQIYI, Inc. (NASDAQ:IQ) ...
In China, the number 8 is a omen of good luck and prosperity. Indeed about 30 Chinese companies reaped over $9 billion in capital, going public in the U.S. markets in 2018, but the investors in many of these deals have not fared as well.
Earlier this year, IQIYI (NASDAQ:IQ) stock was the mother of all momentum stocks, yet the year-to-date scoreboard shows that the stock has done nothing overall. It is important to note that the dip in IQ stock is not all from intrinsic problems. All Chinese stocks have been under severe pressure.
At one point in time, there was robust enthusiasm surrounding Chinese internet streaming giant iQiyi (NASDAQ:IQ). Given its roots in the streaming market and huge revenue growth rates, many market observers were calling iQiyi the “Netflix (NASDAQ:NFLX) of China”. Namely, the same things that stung Netflix stock a few years back, hit iQiyi stock a few months back.
BEIJING, Dec. 28, 2018 /PRNewswire/ -- iQIYI, Inc. (IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced the release of "I, Actor", an innovative variety show that follows the training of 59 promising young actors scouted from agencies across China. The show will link up with iQIYI's other variety shows to serve as a source of outstanding new talent in China's entertainment industry.
BEIJING, Dec. 28, 2018 /PRNewswire/ -- iQIYI Inc. (IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced it is taking its children's content ecosystem to the next level with the launch of an online picture book library to QiBubble, the company's flagship children's portal. As part of iQIYI's drive to increase the diversification of its premium children's content, the company also announced the opening of an offline "QiBubble Village" entertainment event for children, in partnership with Nickelodeon, part of Viacom International Media Networks, a division of Viacom Inc. (NASDAQ: VIAB, VIA).
Can Alibaba’s Bets on AI and the Cloud Make a Difference? Alibaba (BABA) has been the fastest-growing company in China’s Internet service sector, with its revenue growing 54% YoY (year-over-year) in the September quarter. Meanwhile, Tencent’s (TCEHY) grew 24%, JD.com’s (JD) grew 25%, Baidu’s (BIDU) grew 27%, and iQiyi’s (IQ) grew 48%.
Alibaba (BABA) said that its decision to increase its stake in film company Alibaba Pictures was a vote of confidence in the business. What makes Alibaba confident in Alibaba Pictures? Alibaba Pictures more than doubled its revenue to $332 million in 2017, but the company’s loss also ballooned to $147 million from $137 million in 2016.
Alibaba (BABA) has partnered with the NFL on digital sports content programming in China. Under the deal, Alibaba’s Youku service will carry weekly programming of NFL content, such as game highlights and behind-the-scenes stories.
BEIJING , Dec. 19, 2018 /PRNewswire/ -- iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced it has ...