|Bid||63.60 x 800|
|Ask||66.65 x 900|
|Day's Range||64.20 - 64.56|
|52 Week Range||51.76 - 100.38|
|Beta (3Y Monthly)||1.30|
|PE Ratio (TTM)||37.98|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Chinese internet firm Sina Corp will temporarily suspend its news app, blog platform and other products after it was found to have violated the country's internet regulations, Chinese authorities said on Wednesday. The Beijing Office of the Central Cyberspace Affairs Commission said in a post on its official WeChat account on Wednesday that Sina's platforms were disseminating untrue information and pornography, impacting public opinion. The regulator, citing an unnamed Sina executive, said the company will suspend its desktop-based Sina blog platform, as well as apps such as Sina News for a month to make rectifications.
Are These Tech Stocks Attractive after Nearing 52-Week Lows?(Continued from Prior Part)SINA’s returnsShares of Chinese (FXI) mobile media services company SINA (SINA) have fallen 36% in the last 12 months. Despite a difficult 2018, the stock has
The big shareholder groups in SINA Corporation (NASDAQ:SINA) have power over the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. I quit...
SINA Corp NASDAQ/NGS:SINAView full report here! Summary * ETFs holding this stock are seeing positive inflows * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for SINA with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | PositiveETF activity is positive. Over the last month, ETFs holding SINA are favorable with net inflows of $20.76 billion. This was the highest net inflow seen over the last one-year.Error parsing the SmartText Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Technology sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Facebook (NASDAQ: FB) is one of the few social media stocks that technology investors should hold in their core portfolios. Still, diversification within this subsector offers a margin of safety, which means considering other stocks is also a good idea.Besides, after significant selling in Facebook stock since summer 2018 has sent the stock to a low of $123, investors have started opening up to holding other instant messaging-based companies.Facebook's underperformance is a risk factor for investors in 2019. Negative media coverage that undermines the site's security and privacy issues could convince addicted users to finally quit the site. Those users may opt to use Facebook's WhatsApp or Instagram, but that will still hurt the company's profits. WhatsApp is not making much revenue and Instagram ads have a sharply lower profit margin than those posted on the News Feed.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Tech Stocks With Key Products That Face an Uncertain Future So, how should investors diversify away from this networking giant? Here are five social media stocks to buy instead of Facebook. Twitter (TWTR)Source: Shutterstock Twitter (NYSE:TWTR) is stuck in a prolonged trading range of between around $26 and $34. Every time the stock drops to the $26 range, it rallies. Likewise, when TWTR stock is $34 - $35, traders lock in profits. At a $25 billion market cap, TWTR stock is 19 times smaller than that of Facebook's $481 market cap.At that market price, investors get a micro-blogging services firm that is becoming more appealing to advertisers. Cleveland Research wrote that encouraging feedback from advertisers would justify an increase in revenue estimates for Twitter.At a presentation at the Morgan Stanley conference, Twitter said it was cleaning up its user base. DAU and MAU numbers no longer matter so much when those activities just measure bots and spammers. Instead, Twitter will baseline its measures against revenue generation per user. For the investor, that is a welcome change in metrics.Advertisers are more than happy at the changes by TWTR. They will become the primary destination site for starting online conversations on products. The audience, mostly on a mobile device, will see and interact with the chatter, strengthening the advertising push. Snap Inc (SNAP)Source: Shutterstock Snap Inc (NYSE:SNAP) started the year at around $5, but SNAP stock has risen steadily to over $10.70 on the markets recently.The company reported strong Q4/2018 results on Feb. 5. Its introduction of advertising video ads that users could not skip added to the bottom line. Getting users to view ads in exchange for the free use of Snap's messaging and camera features is a more than fair compromise.SNAP stock investors liked the ad-friendly shift: SNAP stock is holding up at the $10 level and could head higher for 2019. Facebook clearly has a problem monetizing and growing Instagram if Snap continues to draw in more users. Snap might even win back the users who left to Instagram, following Snap's disastrous app update.In the fourth quarter, Snap reported record revenue of $390 million, up 36% from last year. It reduced its operating losses, net loss, even after DAUs were comparable to last year's levels. DAUs were 186 million, similar to the 187 million reported last year. * 10 Monthly Dividend Stocks to Buy to Pay the Bills Investments it made in 2019, especially in the area of long-term scalability, will pay off for the remainder of the year and beyond. As more advertisers shift some funds allocated from Facebook to Snap instead, Snap may achieve profitability sooner. And when that happens, SNAP stock will continue its climb. At a 14 billion market cap, SNAP stock is smaller than TWTR stock. That could change if SNAP recovers back to its 52-week high of $16.85. Weibo (WB)Source: Shutterstock Weibo (NASDAQ:WB) bottomed in the low $50's in January and attempted to rally back to the $75 level, only to close recently at $58.70. It has a market cap of $12.8 billion, while WB stock is valued at a 23.8X price-to-earnings ratio. Investors grew nervous following its fourth-quarter report. Worries over no U.S. and China trade deal for the week of March 18 - 22 also added to the selling pressure.Weibo reported MAUs of 462 million in the fourth quarter. Advertising and marketing revenue rose 25% year-over-year to $417 million. DAUs rose 28 million from last year to 200 million. The company guided Q1 revenue of between $395 million - $405 million. This is within consensus, but because Weibo did not guide above it, WB stock sold off.The leading social media in China captured a higher market share in digital advertising budget. This enabled the company to report a solid 28% year-over-year increase in net revenue of $481.9 million. Weibo controlled cost and expenses too. Costs rose to $298.8 million, up from $232.2 million. Cost increases were due to higher revenue shares to live broadcasters. The higher personnel-related costs and expenses will pay off in future quarters as the staff brings in more business. Sina Corporation (SINA)Source: Shutterstock Sina Corporation (NASDAQ:SINA) is another Chinese media stock investors should consider over FB stock. It describes itself as a leading online media company serving China and the global Chinese communities. Sina.com is a notable digital media network, while Sina mobile has a mobile portal and mobile apps. Weibo is the social media enabler for the firm.The company reported Q4 results on March 5. Revenue grew 14% from last year, helped by a 14% year-on-year increase in ad revenue, to $484.3 million. Gross margin improved to 79%, up from 75% last year.Sina spent more for the year, although some of the increase is due to accounting changes and goodwill and an acquired intangibles impairment charge for its non-core business line. The company ended 2018 with $2.3 billion in cash and cash equivalents. This fell from the previous year, due to a share repurchase program and a repayment of convertible senior notes. * 7 Consumer Discretionary Stocks to Buy Now Sina forecasts revenue growing at 18% - 25%. Compared to its 33x P/E, the PEG of 1.56X is comparable to Facebook's 1.3X. But China's fast-growing internet community will drive Sina's audience growth for years to come. Alphabet (GOOG)Source: Brionv via Wikimedia (Modified)Although Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) has no real pure play in social media, investors cannot ignore its giant presence as a search engine, which makes it notable among social media stocks. Google is the gateway search engine to get to other social media sites. At $821 billion, the company is twice as large as Facebook by market cap. And for good reason.Alphabet abandoned its social media hopes when it closed down Google+. Now that it is refocusing its growth on advertising revenue on the search engine, investors should consider holding GOOG stock. Alphabet announced a Google game service -- Stadia -- last week that could draw a big audience. Should social media, which involves sharing content, posting updates and messaging, bore users, gaming is the next area of continued online activity.Stadia will allow games to run on Google servers. The ecosystem will allow users to play games and also watch them. YouTube could become the means by which users are a spectator on the platform. With YouTube becoming even more than just streaming content, the value of the platform increases. Investors could invest in that value-add by buying GOOG stock.As of this writing, Chris Lau did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dual-Class Stocks That Will Outperform * 7 Reasons Why Apple Streaming Won't Move the Needle for Apple Stock * 7 A-Rated Stocks to Buy in the Second Quarter Compare Brokers The post 5 Social Media Stocks to Buy Instead of Facebook appeared first on InvestorPlace.
SINA fourth-quarter 2018 results benefit from solid user base and Weibo's robust performance but regulatory changes in SME sector hurts.
Weibo stock fell Tuesday, along with Sina, as the two China internet companies reported fourth-quarter earnings before the market open that beat Wall Street estimates, as did their outlook.
SINA Corporation (NASDAQ:SINA), which is in the interactive media and services business, and is based in China, received a lot of attention from a substantial price increase on the NASDAQGSRead More...
U.S. large-cap stocks were pushing relentlessly higher on Monday after President Donald Trump announced a delay in the imposition of another round of tariffs on Chinese imports thanks to solid progress between trade negotiators.Wall Street is viewing this as an indication a deal is forthcoming. And just in time, too, as China's economy (and stock market) has been hit harder during the long tit-for-tat trade spat. An effort by Beijing to pump up the economy with another round of credit stimulus, including central bank easing, isn't having nearly the impact such moves have had in the past. * 7 Cheap Stocks That Make the Grade No surprise then that the iShares China ETF (NYSEARCA:FXI) is up more than 2% to break out of an eight-month funk, returning to levels not seen since June. Here are four China stocks worth a look:InvestorPlace - Stock Market News, Stock Advice & Trading Tips China Stocks: Weibo (WB)Shares of Chinese Twitter (NYSE:TWTR) knockoff Weibo (NASDAQ:WB) are exiting a five-month consolidation range to push towards its 200-day moving average, returning to levels not seen since early October. Watch for a breakout here, which would end a long downtrend that started more than a year ago and resulted in a loss of more than 50% from the prior high.The company will next report results on March 5 before the bell. Analysts are looking for earnings of 76 cents per share on revenues of $482 million. When the company last reported on Nov. 28, earnings of 75 cents per share beat estimates by five cents on a 44% rise in revenues. Sina.com (SINA)Shares of China stock Sina.com (NASDAQ:SINA) are also exiting a long, multimonth consolidation range and look ready to end a year-long downtrend that also resulted in a 50%-plus decline from the prior high. The rally comes at a bad time for the analysts at CLSA, which downgraded the stock on Feb. 19. Credit Suisse analysts initiated with a "neutral" rating on Feb. 4.The company will next report results on March 5 before the bell. Analysts are looking for earnings of 80 cents per share on revenues of $575.3 million. * 9 High-Growth Stocks to Buy Now for Monster Returns When the company last reported on Nov. 28, earnings of 93 cents per share beat estimates by 24 cents on a 25.8% rise in revenues. Nio (NIO)Shares of Chinese electric vehicle startup Nio (NYSE:NIO) are breaking up and out of their post-IPO trading range, prepping what looks like a rally at the September high. While American competitor Tesla (NASDAQ:TSLA) is pushing into their market with the start of construction of a Gigafactory in Shanghai, the company was the subject of a 60 Minutes segment over the weekend talking about China's state-backed efforts to dominate the industry.The company is already in market with its ES8, a 7-seater premium SUV and an upcoming smaller SUV dubbed the ES6. JD.com (JD)JD.com (NASDAQ:JD) shares are rising up and out of a six-month basing pattern with a move towards its 200-day moving average. Shares also fell more than 50% from their early 2018 highs, and should be good for a 50% retracement of the loss at the very least. That should target a rise to around the $35-a-share level, which would be worth a gain of around 30% from here.The company will next report results on Feb. 28 before the bell. Analysts are looking for a loss of four cents per share on revenues of $19.7 billion. * 7 Healthy Dividend Stocks to Buy for Extra Stability When the company last reported on Nov. 19, earnings of 12 cents per share beat estimates by one cent.As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Monthly Dividend Stocks to Buy to Pay the Bills * 9 High-Growth Stocks to Buy Now for Monster Returns * 7 Healthy Dividend Stocks to Buy for Extra Stability Compare Brokers The post 4 China Stocks Soaring on Trade Hopes appeared first on InvestorPlace.
The investment brings TuSimple's total funding to date to $178 million. The latest round was led by SINA Corp (NASDAQ: SINA), a technology company widely recognized for developing Weibo, the popular social media platform. Composite Capital, a Hong Kong-based investment firm focused on consumer, technology and transportation companies globally, also participated.
With the new funding round, the developer of driverless vehicles now has a pre-money valuation of $1 billion to include the company in the coveted unicorn status.
U.S. self-driving truck startup TuSimple said it has raised $95 million in a funding round led by Chinese internet giant Sina Corp, which values the three-year-old firm at $1 billion. The fresh funds, investors of which also include Hong Kong-based investment firm Composite Capital, will be used to expand its commercial fleet to 50 trucks by June from 11 currently, it said. The latest funding round was completed in December and brings TuSimple's total funding to date to $178 million, it added.
While analysts debate whether the volatility and general market selloff are behind us, I would like to discuss why I am getting ready to take another look at the positive long-term prospects of three Chinese stocks: Weibo (NASDAQ:WB), JD.com (NASDAQ:JD) and Ctrip.com (NASDAQ:CTRP).It's probably the understatement of the past 12 months to say that the trade wars between the U.S. and China have brought significant uncertainty to the global stock markets. As a result, most Chinese stocks were under pressure in 2018 and are now much cheaper than they were a year ago.But despite the negative sentiment toward these stocks, one thing remains true: Weibo, JD.com and Ctrip.com stock and many of the Chinese American Depositary Receipts (ADRs) listed in U.S. exchanges still offer investors the possibility to invest in the growing Chinese consumer economy. They were all darlings of investors and ranked among the best stocks in the market until the escalating war of words led to the start of various tariffs between China and the U.S in 2018.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAdding salt to the wound, the International Monetary Fund (IMF) has recently warned that China, the world's second-biggest economy, has been slowing considerably.Even so, the wide-reaching economic implications of its political challenges and a potential cooling off in China shouldn't get in the way of a sensible, long-term investing strategy.The next several weeks may bring more volatility in WB, JD and CTRP shares. And I do not expect to witness a major favorable sentiment shift toward Chinese stocks. However, although short-term investors should expect daily price swings in these Chinese stocks as each company reports earnings in the coming days, long-term investors may see any further price declines as opportunities to go long. * 10 Stocks That Every 20-Year-Old Should Buy With all of that in mind, here's a deeper look into why you should consider these three Chinese stocks to buy. Source: Shutterstock Weibo (WB)Weibo, a social media company with a popular micro-blogging website, is expected to report earnings on Feb 12.WB, which was spun off from Sina Corp (NASDAQ:SINA) in 2014, opened with an IPO price of $17 in April 2014. Alibaba (NYSE:BABA) owns 32% of Weibo and is the second-largest shareholder after WB's parent company SINA (which owns about 46%).Chinese internet celebrity (better known as "wanghong") accounts at Weibo, and the website's rich multimedia functionalities help make WB a much loved and somewhat indispensable social media company within China. Furthermore, WB's recent investments in live video streaming and fintech have already started contributing to the bottom line.The company's revenue comes from two main segments: * Digital advertising (almost 80% of revenues) * Value-added services (just over 20% of revenues)As a leading social media company, Weibo embodies Chinese consumers' love of social networking. Therefore, in addition to advertising income from Alibaba and Sina, it has been increasing advertising revenue from third parties, mostly thanks to being the website of choice for celebrity accounts.Weibo is still a high-growth company whereby I expect the earnings report to show that its revenue growth is still over 50%. This growth in revenue trickles down to the company's bottom line, improving its earnings-per-share. Its daily active users (DAU) is over 200 million and growing, a fact that contributes to its revenue.Moreover, WB has a quick ratio of 4.1, which demonstrates the ability of the company to cover short-term liquidity needs. Therefore, the group would be in a robust position to weather any headwinds due to an economic slump.Although many analysts have expressed growth concerns regarding China, the country's economic fundamentals have vastly improved over the past decade; the internet population is still booming and money continues to pour into Chinese companies operating in this space -- factors that help support the long-term durability of WB stock.Yet, despite this longer-term strength, WB stock has had a difficult period in recent months. And this is despite its strong, proactive management, which has been successfully diversifying Weibo's advertising, broadening its social influence, especially among Chinese celebrities, and increasing its monetization.Over the past year, WB stock is down almost 46% and its 52-week price range has been $51.15 (Jan. 24, 2019) - $142.12 (Feb. 15, 2018).After investors' harsh response to the uncertainty over trade war threats in 2018, Weibo stock has suffered from a damaging technical picture. Its long-term technical chart still looks rather weak and it is pointing to the possibility for more choppy action, possibly between $50 - $65.When the company reports earnings on Feb. 12, investors will pay extremely close attention to the details in the company's quarterly results as well as any guidance on the health of the Chinese economy. The options markets are pricing in an approximate post-earnings move of 12% in either direction in WB shares.Any disappointment in the earnings statement could quickly send the shares back below $60.Weibo stock has a solid story in a country fascinated with social media, thus it remains a long-term growth play on a fundamental basis and it is still one of the best stocks to invest in China. However, in the near-term, there might still be a weakness in the WB stock price, a possibility that investors should factor in their investment decisions. Source: Daniel Cukier via Flickr JD.com (JD)JD.com, the largest Chinese online retailer out of Beijing, is expected to report earnings on Mar. 1.In addition to the online e-commerce operations, the group also has hundreds of warehouses and thousands of delivery stations as well as fresh food stores across China.JD stock has been in a downtrend for over a year whereby its 52-week price range has been $19.21 (Nov. 13, 2018) - $549 (Feb. 26, 2018). The downtrend came amid a series of company-specific and global macro events.In June 2018, Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google announced that it would invest $550 million in JD.com. Both companies stated that the combined synergies would enable them to collaborate on various e-commerce and technology related areas. Under the agreements, Google received "27,106,948 newly issued JD.com Class A ordinary shares" at a price that equated to "$40.58 per American depository share." Although the cooperation between the two companies is likely to benefit both of them in the years to come, so far, JD stock hasn't reflected any benefit.On July 6, tariffs on $34 billion worth of Chinese goods came into effect and the selloff in Chinese stocks began. In August, JD.com's Q2 results gave a mixed message, hampering investor hopes that the downtrend might finally come to an end.September was also a difficult month for JD stock as in late August 2018, its founder and CEO Richard Li, who owns over 85% of JD.com's voting power, was arrested in the U.S. following sexual misconduct allegations. The troubling headlines caused a further selloff in JD stock.The selling intensified following the earnings report on Nov. 18, after which the shares hit a low not seen since June 2016.In summary, over the past year, JD stock is down over 43% and its long-term technical chart has not yet stabilized. Between now and when it reports earnings on Mar. 1, it is possible that JD shares will have a volatile reaction.JD.com competes aggressively with Alibaba in China's massive e-commerce market. When BABA announced its quarterly results on Jan. 30, the stock was up almost 7% on the day. Therefore, we might expect a similar positive reaction from JD.com stock if investors like what they hear in the earnings report.Otherwise, the shares could easily go down to re-test the November low of $19.21 before the stock price forms a healthy base.In the next few weeks, trading in JD stock is likely to be choppy with both widely up and down days. and any short-term up move is likely to meet resistance between the $25 - $30 levels. * 10 Best Dividend Stocks to Buy for the Next 10 Months However, I think JD.com is still one of the best stocks China has to offer, and it could easily find a place in investors' portfolios … if they're in it for the long haul. Within two years, I expect JD stock to easily reach the lower $40's level, or the price Google paid for the shares in 2018. Source: Thomas Galvez via Flickr Ctrip.com (CTRP)Ctrip.com, a travel services provider, is expected to report earnings on Mar. 13.The travel group has a history of beating earnings estimates and coming out with healthy financial numbers across the board. If the Chinese economy is indeed experiencing considerable headwinds, the next earnings report, however, may show a slowing of growth in the short term -- a result that may be followed by a drop in the price of CTRP stock.Currently, CTRP's revenue comes from four main segments: * Accommodation Reservations * Transportation Ticketing * Packaged Tours * Corporate TravelWhen CTRP reports in about a month, I would not be particularly surprised to see some concern over future guidance in regards to the corporate travel segment. A slowing Chinese economy would likely translate into falling corporate client demand, decreasing margins and slower revenue growth for Ctrip stock.On the other hand, the lunar new year celebrations of February 2019 are likely to have boosted demand for packaged tours as well as the personalized travel arrangements of the Chinese middle-class, where Ctrip.com's main focus lies.I also expect the earnings report to show that the management is pursuing different revenue streams and working to further its organic growth by reaching out to its young customer base, mainly under the age of 35.As China is becoming more urbanized, younger Chinese citizens are also beginning to spend more money on domestic and international travel, a trend that Ctrip is well placed to take advantage of.Over the past year, CTRP stock is down almost 25%, and its 52-week price range has been $25 (Nov. 13, 2018) - $51.91 (June 15, 2018). For those investors who pay attention to short-term technical charts, it has been forming a base between $25 - $35, a level that now acts as a support zone. Furthermore, Ctrip's technical momentum indicators, which describe the speed at which prices move over a given period, are currently in overbought territory. Although these indicators can stay overbought for quite a long time, short-term profit-taking is probably around the corner.The current short-term overbought chart follows several months of decline in the CTRP stock price, which has caused a damaging longer-term technical picture. Therefore, CTRP stock will need to stabilize and build a base again before another long-term sustained leg up can occur.When the company reports earnings on Mar. 13, any disappointment in Ctrip's earnings statement or future outlook could quickly send the shares back below $30. Thus, there might be weakness in the CTRP stock price in the near-term that potential investors should anticipate.Nonetheless, as travel demand in China grows due to demographic developments, Ctrip will be in a robust position to capitalize on its current market dominance. Within two to three years, investors who buy Ctrip are likely to be rewarded handsomely. As such, it is a standout among other stocks to buy for those with a focus on China.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks That Every 20-Year-Old Should Buy * 10 Best Dividend Stocks to Buy for the Next 10 Months * 10 Monster Growth Stocks to Buy for 2019 and Beyond Compare Brokers The post The 3 Best Chinese Stocks to Buy for a Long-Term Portfolio appeared first on InvestorPlace.