|Bid||0.00 x 1000|
|Ask||0.00 x 1200|
|Day's Range||51.82 - 58.70|
|52 Week Range||51.82 - 142.12|
|Beta (3Y Monthly)||2.09|
|PE Ratio (TTM)||22.16|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Weibo stock is down on Tuesday after receiving a downgrade from Nomura analysts. Source: Shutterstock The downgrade for Weibo (NASDAQ:WB) has Nomura analysts giving the stock a new rating of "Neutral."This is bad news for Weibo stock as the previous rating from Nomura was "Buy." However, it doesn't stop there. To go along with the downgrade of Weibo stock, Nomura analysts also have a new price target for the stock. This new price target for WB stock is $64. That's a roughly 14% drop from Nomura's previous price target of $74 for WB stock, reports Motely Fool. InvestorPlace - Stock Market News, Stock Advice & Trading Tips It's worth noting that Weibo stock was trading at $60.80 when the markets closed on Friday. This means that Nomura is still seeing some upside to the stock from its current price, but it is nowhere near the previous price target. Weibo stock has been on a rough ride over the last year. On the same day as today in 2018, WB stock was trading at $131.13 per share. That's more than double what the stock is currently trading at. The stock continued to decline throughout the year. This likely has to do with the trade war between the U.S. and China, which also hit many other Chinese stocks. * 7 Dark Horse Stocks You Really Need to Look at for 2019 So what is the overall view on Weibo stock from analysts? Currently, the stock has a consensus rating of "Hold." The consensus price target for the stock is sitting at $87.13. WB stock is down 11% as of Tuesday afternoon. ### 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 As of this writing, William White did not hold a position in any of the aforementioned securities. Compare Brokers The post WB News: Weibo Stock Tumbles on Nomura Downgrade appeared first on InvestorPlace.
Calling the past few months challenging ones for owners of Weibo (NASDAQ:WB) stock is a considerable understatement. They've been miserable. Weibo stock price has been more than cut in half since February's high, and while a broad rout of most high-profile Chinese stocks like Alibaba Group Holding (NYSE:BABA) and Baidu (NASDAQ:BIDU) was the driving force of the selloff, that's of little solace to owners of Weibo stock. Some green shoots are starting to push through for many Chinese names, however. And, with solid fundamentals already (or still) in place for the company, Weibo stock looks better positioned than any of its peers to lead the recovery effort. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 A-Rated Stocks the Smart Money Is Piling Into But there's one huge technical hurdle ahead for WB stock that will make or break the budding rebound. ### What's Weibo? WB is often called the Twitter (NYSE:TWTR) of China, and though the characterization isn't off-base, it's not entirely complete. With more bells, whistles and opportunities to personalize user interfaces than Twitter, Weibo is also a great deal like Facebook (NASDAQ:FB). Arguably, Weibo is a hybrid of the Western world's two most popular social-networking sites. And, much like Facebook and Twitter, the young-ish platform is experiencing tremendous revenue and profit growth. Last quarter's top line grew 48% year-over-year, to $409 million, and its user base expanded by 19%. Both figures extended long-standing uptrends that analysts believe will persist for the foreseeable future. The upward revenue and earnings trajectory, however, have done little to prevent the decline of Weibo stock price. Blame nervous investors. More driven by presumption than facts at the time, investors feared that new tariffs imposed by President Trump on China would cause the country's already-fragile economy to outright implode. It did end up running into a headwind, but it turned out to be manageable. And Weibo, whose appeal has been enhanced by its relative newness, has been able to grow regardless of China's macro environment. Investors' misperceptions about China in general and Weibo stock in particular are beginning to be corrected. But WB stock needs one more good shove to kick off what should become a self-sustaining rally. That catalyst is well within reach. ### The Chart of WB Stock Price The chart of Weibo stock, at first glance, appears to be ugly. WB stock price peaked near $140 in February, and by October, it was trading near $53. Since then, however, subtle but important bullish clues have materialized. One of them is the development of a horizontal support level just above $53, which has led to the first higher lows in nearly a year. That horizontal floor has also allowed Weibo stock to punch through a pair of falling resistance lines that had pushed the shares lower for at least part of the multi-month setback. There's one more ceiling to clear, however, before the tide turns more in favor of the WB stock price than not. That is the 100-day moving average (depicted by the purple line on the chart below), which stamped out the breakout effort that emerged in early December. That thrust didn't start in the best of circumstances. At the time, the stock market was poised to embark on a major correction, and China's future was still in question. The majority of China's most familiar stocks were far from ready to recover, leaving Weibo at a major disadvantage. Never even mind the big gap left behind by an overheated, one-day gain of Weibo stock. Matters have changed dramatically since then, setting the stage for what could be a dramatic rebound rally of WB stock that may well lead other Chinese names out of similar funks. ### One Final Word on Weibo Stock While not overwhelmingly bearish towards WB stock, the financial advice and news industry hasn't exactly been fond of Weibo lately. Morgan Stanley downgraded WB stock on Tuesday, and though no scathing commentaries have been penned about the company in recent weeks, few have been bullish either. Take it all with a grain of salt. News coverage has been more reactive than proactive in recent weeks, with analysts and the media chasing trends rather than leading or causing them. To that end, if Weibo stock can just push past its technical hump, don't be surprised to then see the headlines about it take a decidedly more optimistic tone. That, of course, will fan any bullish flames if and when they materialize. Weibo stock just has to clear that 100-day moving average line first. As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can follow him on Twitter, at @jbrumley. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post Weibo Stock Looks Poised to Lead a Rebound of Chinese Equities appeared first on InvestorPlace.
Looking at Weibo Corporation's (NASDAQ:WB) earnings update in September 2018, analyst consensus outlook appear cautiously optimistic, as a 26% increase in profits is expected in the upcoming year, though this Read More...
Alibaba (NYSE:BABA), like many Chinese and technology stocks, came under pressure in 2018, partly due to concerns about the trade war. And in the past few weeks, the strengthening U.S. dollar and reports of a potential cooling of the Chinese economy have added to the uncertainty surrounding BABA stock. Amid all of this pressure, BABA stock has tumbled 20% in the past year. However, since China's move to a consumption-based economy is here to stay, long-term investors may want to consider investing in Alibaba stock, especially as the company's earnings, due to be announced on Jan. 30, approach. I believe that the slowing down of the Chinese economy may become a blessing in disguise, as it may prevent a full recession and keep the growth of the country and its online retail sector at sustainable levels. ### The Fundamentals of BABA Stock Are Robust BABA has become a highly regarded global company, and Alibaba stock offers U.S. investors the chance to invest in the growing Chinese consumer and e-commerce markets. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * Morgan Stanley: 7 Risky Stocks to Sell Now As BABA gets ready to release its quarterly results at the end of the month, investors who are seeking capital appreciation should keep in mind the company's dominant position in the Chinese e-commerce space and the rapid growth of its e-commerce business. Moreover, BABA's gross margin is over 55%, and many analysts expect its revenue to continue growing at double-digit-percentage rates. The fact that the company is not highly leveraged also contributes to my upbeat view of Alibaba's management and balance sheet. Its current ratio, which measures BABA's ability to pay its short-term debt, stands at a healthy 1.4. Although the Chinese economy may slow in 2019 or 2020, China's growing middle class will continue to drive increases in the country's consumer spending. The sales of China's online retail market, which is growing rapidly, are likely to expand particularly quickly. BABA also has multiple equity stakes in growth companies in other industries such as Alibaba Cloud, its cloud computing arm; Ant Financial, the Chinese payments giant; and Ele.me, the local delivery company. Alibaba owns 31% of Weibo (NASDAQ:WB), the Chinese microblogging company. Like Amazon (NASDAQ:AMZN), Alibaba is also paying considerable attention to developments in cloud computing and artificial intelligence, two areas that will contribute to its bottom line and help boost BABA stock in coming years. ### BABA's International Growth Is Just Beginning Furthermore, BABA has investments in start-ups in South Asia and Southeast Asia. Among the start-ups in those regions in which BABA has stakes are Paytm, an Indian digital-payments provider, and Lazada, a Singapore-based e-commerce company that is growing in overseas markets. The "Amazon of the East" has also set its eyes on moving west through partnerships with European companies, including Vodafone Group (NASDAQ:VOD) in Germany and El Corte Ingles in Spain. Many European companies are still discovering new ways to enter the Chinese market, and BABA may enable them to connect with Chinese customers faster. BABA's mobile payment network, Alipay, is looking to expand in Europe. Such international growth will not only help increase the company's bottom line, but it will also enable BABA to diversify away from China, lowering the macro risk facing BABA stock. ### So Is It Time to Invest in BABA Stock? The answer depends on your investment style and horizon, i.e., whether you are a short-term trader or a long-term-growth investor. BABA stock is a compelling long-term investment. Yet, between now and Jan. 30, when BABA reports its earnings, the markets are likely to continue to be volatile, especially since many other tech heavyweights are expected to release their quarterly reports between now and then. After the recent selloff of BABA stock, followed by the recovery in the markets over the past week, the technicals of Alibaba suggest that BABA stock could continue to be choppy. Investors who pay attention to moving averages and oscillators should note that the short-term technicals of Alibaba stock are moving toward a more neutral reading from the extreme oversold levels we have recently seen. The volatility of Alibaba stock is high, giving it a wide trading range, so short-term traders should proceed with caution in the coming weeks. From a short-term-chart perspective, I am not willing to say that BABA stock has bottomed yet. However, the recent decline of the shares makes BABA stock even more attractive for long-term investors. I also believe that most of the negative effects of the U.S.-China trade war have already been priced into Alibaba stock. If the two sides reach a deal that's seen in a positive light this year, BABA stock is likely to rally. The past four trading sessions have given Wall Street a glimpse of how powerful BABA's comeback could be: the stock rallied from a low of $129.83 on Jan. 3 to a high of $153.35 on Jan 9. ### The Bottom Line on Alibaba Stock Alibaba's growth in e-commerce, cloud computing, and other investments throughout China and globally make it a disruptor and a strong, long-term investment. Long-term investors should view any further fall in the BABA stock price as an opportunity to buy the stock. However, traders with a short-term horizon should realize that BABA stock may not yet have formed a base and consequently may not yet be ready to bounce back fully from its recent lows. 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 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 Domestic, Global Growth Will Propel Alibaba Stock Higher in the Long-Term appeared first on InvestorPlace.
Wild price swings have swept across the major indexes this holiday season. Explore three high-beta stocks to trade the increased volatility.
BEIJING/SHANGHAI (Reuters) - China's cabinet has warned government departments to clean up their social media image amid a drive to bolster the government's online presence to help reach tech-savvy young people who get their information from smartphones. The State Council issued the guidelines late on Thursday saying that authorities' social media presence needed more regulation and vowed to clean up dormant "zombie" accounts and "shocking" comment from official channels. "This has a negative impact on the image and the public trust in the government," the cabinet said on its website.
Kyle Weaver, the primary manager at the $3.5 billion Fidelity Advisor Growth Opportunities Fund, tells Business Insider that he looks for "deep value" stocks, trading at low valuations, that can deliver high growth regardless of macro conditions, and thus have tremendous upside over the next five to 10 years. Weaver has been the primary manager of the Fidelity Advisor Growth Opportunities Fund since July 2015, and the class A shares have delivered average annual total returns, net of sales charges, of 13.4% over the past year and 14.2% over the past three years, versus 8.6% and 14.0% for its benchmark, the Russell 1000 Growth Index, per Fidelity. Weaver observes that the cost of energy storage in batteries has been coming down at an accelerating pace.
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.
Weibo Corporation (NASDAQ:WB) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case Read More...
Editor’s note: This article is part of InvestorPlace.com’s Best Stocks for 2019 contest. Kyle Woodley’s pick is Weibo (NASDAQ:WB). The Dogs of the Dow is a well-trodden investing technique in which an investor buys the highest-yielding Dow Jones Industrial Average stocks at the start of the year, holds them for the year, then rinses and repeats every 365 days.
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.
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips on the charts, usually don’t make them change their opinion towards a company. This time it may be different. During the first 6 weeks of the fourth quarter we observed increased volatility and small-cap stocks underperformed […]
Over the past several months, investors have thrown Chinese stocks in the garbage pile, and they haven’t once second guessed it. Since then, it has dropped more than 30%, indicative of what has been a broad and relentless selloff in Chinese stocks. After all, the long-term fundamentals underlying many of these big growth Chinese tech names still remain very strong.
Rather, the yardstick by which Momo stock has been and still is judged is the pace of its growth. With the tariff showdown currently taking a cease-fire and likely to be closer to its end than not though, in addition to a garden-variety oversold condition, Thursday’s earnings report may well light a fire under Momo stock again. Originally scheduled for Wednesday morning, China’s online dating platform Momo rescheduled the report on Monday in light of the fact that U.S. markets will be closed on Dec. 5 to honor the passing of former President George HW Bush.