|Bid||58.05 x 900|
|Ask||59.75 x 800|
|Day's Range||56.89 - 59.75|
|52 Week Range||53.11 - 142.12|
|Beta (3Y Monthly)||2.30|
|PE Ratio (TTM)||28.50|
|Earnings Date||Nov 19, 2018 - Nov 23, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||86.92|
I am going to run you through how I calculated the intrinsic value of Weibo Corporation (NASDAQ:WB) by taking the foreast future cash flows of the company and discounting them Read More...
BEIJING, Nov. 16, 2018 /PRNewswire/ -- Weibo Corporation (WB), a leading social media for people to create, share and discover content, will announce its unaudited financial results for the third quarter of 2018 before the market opens on Wednesday, November 28, 2018. Following the announcement, Weibo's management team will host a conference call from 6 AM - 7 AM Eastern Time on November 28, 2018 (or 7 PM - 8 PM Beijing Time on November 28, 2018) to present an overview of the Company's financial performance and business operations. A live webcast of the call will be available through the Company's corporate website at http://ir.weibo.com.
NEW YORK / ACCESSWIRE / November 14, 2018 / U.S. equities closed down on Wednesday as tech giant Apple closed near bear-market territory and another drop in oil prices raised concerns of a global economic ...
China's top cyber authority has scrubbed 9,800 social media accounts of independent news providers deemed to have posted sensational, vulgar or politically harmful content on the Internet, it said late on Monday. China's strict online censorship rules have tightened in recent years with new legislation to restrict media outlets, surveillance measures for media sites and rolling campaigns to remove content deemed unacceptable. CAC also summoned social media giants, including Tencent's Wechat and Sina-owned Weibo, warning them against failing to prevent "uncivilized growth" and "all kinds of chaos" among independent media on their platforms.
China's top cyber authority has scrubbed 9,800 social media accounts of independent news providers deemed to have posted sensational, vulgar or politically harmful content on the Internet, it said late on Monday. China's strict online censorship rules have tightened in recent years with new legislation to restrict media outlets, surveillance measures for media sites and rolling campaigns to remove content deemed unacceptable. CAC also summoned social media giants, including Tencent's Wechat and Sina-owned (SINA.O) Weibo, warning them against failing to prevent "uncivilized growth" and "all kinds of chaos" among independent media on their platforms.
Since my Aug. 28 article on Weibo (WB), the company's stock (as many technology stocks) has taken a downward turn, off 25%. Warning! GuruFocus has detected 1 Warning Sign with WB. Weibo is the largest social media platform in China with over 431 million monthly active users as of the second quarter.
Chinese companies like Alibaba (NYSE:BABA) and JD.com (NASDAQ:JD) were all the rage until they weren’t. As with many publicly-traded firms during this year, BABA stock got off to a promising start in the first half. Presently, Alibaba stock is staring at losses exceeding 15% year-to-date.
While JD.com (NASDAQ:JD) CEO and founder Richard Liu maintains his innocence, the mere allegation of improper conduct against him has put a significant cloud over JD stock. Down 20% since the allegations against Liu were first made public on Sept. 5, JD stock price had fallen 32% in the eight months before the charges were made. The mere suspicion that Richard Liu forced himself on a young woman suggests that JD.com’s corporate culture encourages this sort of behavior.
Three weeks ago, I suggested in a column that Momo (NASDAQ:MOMO), the developer of a popular Chinese online dating app, was a fine company, but that investors shouldn’t buy MOMO stock yet. MOMO shares ended up falling as much as 20% since then, and the MOMO stock price is still about 10% less than what it was then. MOMO stock still hasn’t fallen as much as I would have liked it to have.
Seismic changes in global economies and the stock market are forcing investors to look at new ways to find companies that can add value long term, over multiple years, by adapting to these economic and market upheavals. To this end, The Boston Consulting Group (BCG) and Fortune magazine have created the Fortune Future 50, "the global companies with the best prospects for future growth." As Martin Reeves, a senior partner at BCG, writes in Fortune: "Our index is forward-looking, in the sense that it aims to measure vitality--a company's capacity to reinvent its business and sustain revenue growth. Among the stocks on this list are these 9: Vertex Pharmaceuticals Inc. ( VRTX), NetEase Inc. ( NTES), Salesforce.com Inc. ( CRM), Weibo Corp. ( WB), Geely Automobile Holdings Ltd. (GELYF), Amazon.com Inc. ( AMZN), Microchip Technology Inc. ( MCHP), Nvidia Corp. ( NVDA), and JD.com Inc. ( JD).
The merest hint of easing trade tensions between China and the U.S. was enough to drive up many Chinese tech stocks, including this Twitter-like social-network manager.
Since June, the BABA stock price has gone from $211.70 to $149.60. Given that China still relies heavily on foreign trade, there could be a deceleration of the growth rate for the macroeconomy. Given all this, analysts from such companies as Barclays (NYSE:BCS), KeyBanc and Deutsche Bank (NYSE:DB) have lowered their price targets on BABA stock.
The downward trend in Alibaba (NYSE:BABA) continues. Just since early June, BABA stock has lost nearly one-third of its value. Incredibly, that means Alibaba stock has lost roughly $180 billion in market value — in less than five months.
When markets rose, tech equities became stocks to buy as this sector brought the innovation and often the profit growth needed to attract investors. Facebook (NASDAQ:FB) dominates the social media space and has become a major player in the world of online ads.
China technology stocks rallied Monday with the Shanghai Composite Index having its biggest one-day gain in three years.
NEW YORK, NY / ACCESSWIRE / October 23, 2018 / Major U.S. equities finished lower Monday on a combination of rising interest rates and global growth concerns. Investors await a flood of corporate earnings ...
Alibaba (NYSE:BABA), like many Chinese stocks, has been under pressure in 2018, mostly due to trade war concerns. In fact, the pressure has driven BABA stock down 17% year-to-date. And the strengthening U.S. dollar and reports of a potential cooling of the Chinese economy have added to the uncertainty surrounding BABA in the past few weeks. As one of the most successful IPO’s of the past few years, and with a market cap of $380 billion, Alibaba has become a highly regarded global company.
NEW YORK, Oct. 22, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
YY Inc. (NASDAQ:YY) continues to fall, even as the Chinese, video-based social media company increases its profits. The YY stock price has now dropped by more than 55% since achieving its 52-week high in January. The possible geopolitical and industry risk may deter investors from buying YY stock.
There are a number of reasons that attract investors towards large-cap companies such as Weibo Corporation (NASDAQ:WB), with a market cap of US$14.1b. Risk-averse investors who are attracted to diversified Read More...
A little less than a month ago yours truly took a bigger-picture look at Momo (NASDAQ:MOMO), ultimately determining the company and the stock were winners. Since then, Momo stock has fallen 27%, and is knocking on the door of even lower lows thanks to a sweeping change in how traders perceive the current market environment. It’s not all that easy to pin down exactly what Momo is.