|Bid||113.69 x 1200|
|Ask||113.77 x 900|
|Day's Range||113.22 - 116.37|
|52 Week Range||50.30 - 117.41|
|Beta (3Y Monthly)||1.42|
|PE Ratio (TTM)||75.67|
|Earnings Date||Oct 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||119.86|
Hot China stock New Oriental Education & Technology is the IBD Stock Of The Day, trying to break out from an ascending base, a rare, bullish chart pattern.
The major stock indexes were sharply higher early Wednesday amid reports of China seeking a truce in the trade war. Apple rose more than 1%.
Today's IBD 50 Stocks To Watch pick, Chinese education leader New Oriental Education, has a rare buy point amid the U.S.-China trade war.
Long term investing can be life changing when you buy and hold the truly great businesses. And highest quality...
Amid a volatile stock market rally, these four top stocks are in or near buy zones in the current stock market, including Costco Wholesale.
What will today's political games bring tomorrow or the day after? It's far from clear, to say the least. But for Chinese stocks Baidu (NASDAQ:BIDU), New Oriental Education (NYSE:EDU) and JD.com (NASDAQ:JD), the price charts are offering promising entries for investors willing to ignore headline threats in favor of risk-adjusted opportunities. Let me explain.They're pawns in a politically heated game where the rules of engagement are blurry at best. I'm referring to U.S.-listed Chinese stocks. As most investors are aware, the international trade war has negatively impacted the Asian giant's economy over the past couple of years and proven a foe for bullish investors in many of the country's largest companies.Diversified tech giant Alibaba Group (NYSE:BABA) and large-cap energy producer China Petroleum (NYSE:SNP) certainly haven't been immune. Since hitting highs in 2018, those titans of industry are off 20% and 37% respectively. And then there's a difficult 25% drop for the very popular iShares China Large-Cap ETF (NYSEARCA:FXI) market barometer.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow this political back-and-forth between the U.S. and China has added another layer of uncertainty to Chinese stocks. Over the past couple weeks, the President Donald Trump administration has hinted it's considering a forced delisting of publicly traded stocks domiciled in China. * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? To be clear, there is no clarity on how this politically driven move might play out -- or how it might even be accomplished. And many argue whether it's really in the U.S.' best interests to consider going down this road. Bottom line, though, away from the "will he or won't he" headlines driving volatile day-to-day price action in Chinese stocks, shares of BIDU, EDU and JD stock have caught our eye on the price charts. They are names which are in friendly positions for bulls and bears in the weeks and months ahead. Chinese Stocks: Baidu (BIDU)Known to many as China's answer to Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) due to its search business and broad reach in other technologies (like autonomous vehicles), BIDU stock is the first of our Chinese stocks to buy. Shares of Baidu have had a tough go due to company-specific issues over the last couple years. But many of those difficulties look to be in the rearview mirror after the company released its last earnings report.What's more, the pressure and price action add up to a below-the-market price multiple opportunity in a name still poised for growth.The price chart in BIDU stock also looks supportive for a turnaround in shares. The monthly view has Baidu stock setting up as an undercut variation of the classic double-bottom pattern. Combined with a "modest" failure of the closely watched 62% Fibonacci support, the possibility of a powerful intermediate low is raised in our technical assessment. The BIDU Stock TradeFor this Chinese stock, I'd suggest waiting for monthly chart confirmation of a pattern low. Waiting until a move above $116 looks like a solid buying strategy. That entry narrowly clears the high of the September pivot bottoming candlestick. This purchase also allows BIDU stock to reclaim the 62% level and should help drive additional buying pressure from bears positioned out of a smaller flag pattern.Along with our next two trade candidates, I'd also recommend a bull call spread in BIDU. It's a safer way to gain exposure in shares given today's volatile trading environment for Chinese stocks. New Oriental Education (EDU)New Oriental Education is another company to consider buying. EDU stock is well-known to growth investors and for good reason. Not only does this prep and online educational services outfit sport double-digit growth, after a significant 50%-plus correction in 2018 shares have been a rare bird within the universe of Chinese stocks as EDU continues to challenge fresh all-time-highs.Currently EDU is forming a tight triangle that's entering its third month of consolidation. With the pattern developing on either side of EDU's former highs, there's solid evidence this platform will lead to a breakout and another large rally into 2020. The EDU Stock TradeFor this Chinese stock, look to buy a slightly out-of-the-money intermediate-term bull call spread. But wait to see if EDU shares can stage a breakout above pattern resistance in the coming days or weeks. JD (JD)JD.com has been likened to Amazon (NASDAQ:AMZN) by many investors due to its online retail presence and growing logistics and services businesses. Technically speaking, JD stock is one which could be setting up for either bears or bulls.The monthly chart of this Chinese stock shows two head-and-shoulder patterns. The smaller formation played out well for bears as shares broke neckline support in 2018 and proceeded to tumble by roughly 40% before forming a triple bottom below $20. But the worst may be yet to come. A larger head-and-shoulders formation has developed over the entirety of JD stock's time as a publicly listed company. Ultimately, a breakdown beneath triple-bottom support would confirm a failure of the large pattern's neckline.Alternatively, with JD stock's right shoulder having formed a pivot high against the smaller neckline and 38% retracement level, a failure or upside breakout could be a huge buy signal for shares. A broken pattern can be powerful motivators for new money to come in. Then a bullish phase could begin. The JD Stock TradeWith shares stationed much closer to a pattern failure than confirmation, if JD can clear the August high of $32.28, a buy entry could be close at hand. Still, bears do have the benefit of the developing bearish head-and-shoulders formation. Either way, respecting the price chart to enter and exit and make any long or short positions a more ironclad proposition using JD stock's options market is advised.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: The Race Is a Little More Gnarly Now * 7 Next-Generation Healthcare Stocks to Buy * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? The post Friend or Foe? 3 Chinese Large-Cap Stock Charts to Trade appeared first on InvestorPlace.
The stock market regained traction Monday after the Treasury Department reassured markets it had no plans to close U.S. capital markets to China.
BEIJING , Sept. 27, 2019 /PRNewswire/ -- New Oriental Education & Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services ...
BEIJING , Sept. 24, 2019 /PRNewswire/ -- New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational ...
Your top stocks to watch this week include Alibaba, New Oriental Education, ZTO Express, and other top-rated names from China as they hover in or near buy zones.
New Oriental Education taps growing demand for after-school tutoring in China. EDU stock is eyeing a fresh buy point as its ascent continues.
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.For decades, NetEase Inc. has been the perennial runner-up to the likes of Tencent Holdings Ltd. in China’s evolving internet landscape. Now it’s betting on a bookish computer scientist to catapult it to the top of the class in the nation’s $36 billion online education market.Zhou Feng, chief executive officer of NetEase Youdao, is charged with helping NetEase escape from under Tencent’s enormous shadow and find life beyond video games. The U.S.-trained software coder handpicked by billionaire founder William Ding Lei is creating an all-in-one learning platform to tap the lucrative space where education and technology overlap. To bankroll that expansion, the company could float Youdao, last valued at $1.1 billion, as soon as this year.Zhou is counting on a decades-old custom. Every summer, millions of Chinese high school students sit through a grueling two-day college entrance exam, or gaokao, that helps determine the course of their lives. That’s why China’s tiger moms and dads have long sent their kids from as early as kindergarten age to private tutoring classes for English, math and sciences.Intense competition has fueled an education boom, particularly targeting the K-12 group that includes students from kindergarten through high school, creating a coterie of multi-billion-dollar corporations. Leading players like New Oriental Education & Technology Group Inc. and TAL Education Group that still rely mainly on in-class teaching have gone public in the U.S. and seen their shares soar. Online startups such as the Tencent-backed VIPKid are still trying to convince parents that digital instruction can be as good, if not better than brick-and-mortar classrooms.Through combining content with the latest technology, Zhou sees a business chance for Youdao, whose name loosely translates to “there’s a way”. Courses can be taught through high-speed live-streaming, enabling smooth communication between teacher and student. Artificial intelligence-powered “tutors” can grade homework and use data to evaluate student test results, he said.“That’s what we have always been good at,” said Zhou, 40, a University of California at Berkeley alumnus with a penchant for blending English words into conversations. “Almost every industry in China has been transformed by the internet, but that’s not yet the case for education.”Revenue for China’s online education market is estimated to have reached around 252 billion yuan ($35.7 billion) in 2018, and is expected to more than double in 2022, with 264 million paying users, according to iResearch.But there’s yet to be a clear winner -- even for top tuition providers like New Oriental, its digital arm Koolearn in 2017 only accounted for less than 1% of the total revenue in the local online teaching market, according to Frost & Sullivan data cited in its prospectus. What sets Youdao apart is its exclusive focus on online and its expansion into education-related hardware. It has launched a slew of products from apps for note-taking and children’s stories to smart devices like a 799 yuan electronic dictionary pen, which allows students to scan printed text and translate it instantaneously.“NetEase’s technology support and the company’s online DNA and roots should make its products more sophisticated than traditional education providers,” said Bloomberg Intelligence analyst Vey-Sern Ling. Still, not having physical classrooms means it could be difficult for Youdao to expand beyond structured, standardized learning or test prep, he said.NetEase could do with a win. Founder and CEO Ding has a master plan for China’s second largest game developer to delve into three sectors including e-commerce, music streaming and online education, but the result is best described as mixed. Its music arm has grappled with rising content costs, as it has to sublicense a large chunk of songs from its much bigger rival, Tencent Music Entertainment Group. Although e-commerce has grown to become NetEase’s largest division after gaming in terms of revenue, it sold its popular import platform Kaola to Alibaba Group Holding Ltd. in a $2 billion deal.That magnifies the importance of Youdao and its leader, with whom Ding shares a long history. Back in 2004, when Zhou was pursuing his doctorate degree in computer science, NetEase’s CEO came across his paper on filtering junk emails, and, ironically, shot him a message that was mistaken as spam. It had no body text but just a subject line: “I’m Ding Lei, I have a technical question for you.”The two eventually got in touch via phone calls, and Zhou worked part-time for NetEase for three years. After earning his doctorate in 2007, he officially joined the company as lead architect for Youdao in Beijing, which at the time was trying to morph from a digital dictionary into a web search engine. To challenge the local leader Baidu Inc., Youdao’s approach was to operate a slew of vertical search services at one time, in everything from news to blogs to maps.Those efforts failed, and in 2012 Zhou decided to close the search operation. “That was when we hit our lowest point,” he said. Zhou shifted the 400-person team to develop learning apps instead.Youdao’s revenue rose 60% in 2018 from a year earlier, while sales for K-12 courses increased three-fold in the same period, he said. Online courses have surpassed advertising as Youdao’s largest income stream, Zhou said.Now of the nearly 2,000 employees Zhou oversees at Youdao, half are teachers and other staffers dedicated to building up its online class portfolio. “Learning is much more difficult than playing video games,” he said.To contact the reporter on this story: Zheping Huang in Hong Kong at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
New Oriental Education & Technology Group Inc. (NYSE:EDU) led the NYSE gainers with a relatively large price hike in...
A bullish reversal held up in afternoon trading Wednesday, although stock indexes eased from session highs. Retail led the bounce, but some of the best software stocks lagged.
(Bloomberg Opinion) -- They were the best of stocks, they were the worst of stocks. They were investments of wisdom. They were investments of foolishness.If you’re a U.S. hedge fund manager, China’s education stocks have been a tale of two cities. A look at 180 U.S.-listed Chinese companies – from Alibaba Group Holding Inc. to BAT Group Inc. – shows that hedge funds have been gravitating toward this sector. (4)Over the past six months, these companies were among the best and worst performers. While mutual and pension funds seek slow and steady returns, hedge funds often try to profit from big bets on sectors or companies in upheaval. Now that China’s internet sector has grown so large, and revenue has started to slow, these investors are looking farther afield for a home run. That makes China’s education sector a tempting target. A three-year boom peaked last year after Beijing issued a series of new regulations, including restricting kindergarten operators from raising funds in equity markets. As my colleague Nisha Gopalan wrote at the time, these rules sent mixed signals about the government’s changing attitude toward private capital in education. Just two years earlier, Beijing was encouraging non-state investment in the sector, which prompted a wave of listings, she noted.Profitability in the education sector is also patchy: More than half of U.S.-listed Chinese education companies posted a loss in their most recent earnings. In terms of stock performance, ATA Inc., which offers online and on-campus education, gained 64% and New Oriental Education & Technology Group Inc., a provider of classes, test prep and camps, climbed 33%. By contrast, Tarena International Inc., which breached Nasdaq listing rules, fell 83% and Ambow Education Holding Ltd, whose net loss widened threefold in the March quarter, slid 63%. While such volatility makes buy-and-hold investors nervous, hedge fund managers see opportunities. The regulatory landscape, meanwhile, is bound to keep shifting. Just last week President Xi Jinping urged the development of vocational training in the country.All this means that hedge funds are likely to continue dominating the education sector. HaiLiang Education Group Inc., for example, has 52% hedge fund ownership, according to Bloomberg data based on publicly reported holdings.(1)The private-school operator returned 86% in the last six months – one of the top performers among all U.S.-listed Chinese stocks – after reporting a 66% increase in fiscal first-half profit. Hedge funds hold 73% of publicly reported shares of preschool operator RYB Education Inc., which was a decided loser (unless you were short), falling 24%. U.S.-listed Chinese stocks lost a market-cap weighted 12% over the period while education stocks gained 9.2%. A concentration of hedge fund ownership could magnify the extreme performances of these stocks. LAIX Inc., a purveyor of online English learning, dropped 22% Tuesday after posting another operating loss and noting that the performance of key products was “unexpectedly weak.”Chinese leaders understand the importance of education in building a prosperous society. Last month, the Communist Party and State Council jointly published new guidelines on education reform: more moral education and physical exercise, less focus on exams. You can imagine savvy school managers rushing to set up centers that cater to the whims of the party as a result. Such changes create opportunities for the private sector to march in time with government policy, and present risks to those who fail to keep up. Yet even without Beijing’s shifting views, this is a crowded sector with lots of companies losing money. For hedge fund managers, it will be the spring of hope and the winter of despair.(1) Of the 180 companies I examined, 15 were education stocks, including companies that run schools, online programs, or provide related technology.(2) Bloomberg collates data based on publicly reported holdings, which may not represent ratios of all shares outstanding.To contact the author of this story: Tim Culpan at email@example.comTo contact the editor responsible for this story: Rachel Rosenthal at firstname.lastname@example.orgThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
New Oriental Education stock has nearly doubled in 2019. The IBD Stock Of The Day just formed a new base offering a buy point for new investors.
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TAL Education earnings and guidance disappointed Thursday after New Oriental Education & Technology broke out Tuesday despite mixed fiscal Q4 results.