|Bid||16.85 x 4000|
|Ask||17.10 x 3100|
|Day's Range||16.58 - 17.86|
|52 Week Range||15.12 - 27.50|
|Beta (5Y Monthly)||2.39|
|PE Ratio (TTM)||16.09|
|Earnings Date||Mar 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||175.29|
iQIYI Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, launches the highly-acclaimed animated film Nezha (the "Film") exclusively across nine Southeast Asian countries on April 5. The Film, which was released in 2019 is based on a well-known Chinese mythology, follows the story of Nezha as he grows up fighting against his fate as a "demon". The Film was the second highest-ever grossing film in China with a total box office of RMB 5 billion.
On April 2, iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, launched Suike ("Suike" or the "App"), a diversified video-sharing platform that has an extensive offering on long and short form videos, original content and community-based interaction. Positioned as iQIYI's major PUGC and PGC-based sharing platform, the launch of Suike represents a strong addition to iQIYI's diversified entertainment offering.
The stock market is searching for direction after a robust multi-session rebound. That said, here are a few top stock trades to watch for Wednesday. Top Stock Trades for Tomorrow No. 1: Nvidia (NVDA) Click to Enlarge Source: Chart courtesy of StockCharts.comNvidia (NASDAQ:NVDA) continues to trade very well, up more than 50% from the recent lows to Tuesday's high. However, many are beginning to wonder if the market is starting to roll back over, as bulls begin to lose momentum. If that's the case, we may seem NVDA come under pressure too. If the stock can't push through $280 resistance, we need to see where support comes into play. My first downside level is $230. Below that and investors should keep an eye on the $200 mark. That's where the 50-week and 100-week moving averages come into play. InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor long-term investors, that would be an excellent buying opportunity. Below $200 puts the recent low near $180 in play. On the upside, a move north of $280 puts $300 on the table. Top Stock Trades for Tomorrow No. 2: Broadcom (AVGO) Click to Enlarge Source: Chart courtesy of StockCharts.comAnother semi stock that opened strong but struggled in the afternoon is Broadcom (NASDAQ:AVGO). Shares thrust higher over $240, but fizzled out near $252. If the stock can push through $240 and reclaim Tuesday's high, it puts $260 on the table, followed by a test of some of its key moving averages up above.On the downside, use caution if AVGO loses its 200-week moving average (drawn on the chart near $227). Below that puts $200 on the table. Remember, this stock was sub-$160 not that long ago. Investors have to use caution, as the VIX remains elevated and there's no clear market direction at the moment. Top Stock Trades for Tomorrow No. 3: Bank of America (BAC) Click to Enlarge Source: Chart courtesy of StockCharts.comBank stocks continue to take it on the chin and that includes Bank of America (NYSE:BAC). Above is a five-year weekly chart that shows the nearly 50% peak-to-trough decline investors have suffered through over the past few weeks.After dipping down to $18, we've seen a quick rebound in BAC. However, the stock has not been able to sustain momentum above $24, which keeps a retest of the 200-week moving average off the table.Over the last three weeks, BofA shares have been met by sellers near $23. That makes it hard to be a buyer, even if the valuation is low and dividend is attractive. A move below $21 could accelerate the selling pressure, putting $20 or lower on the table. Below $20 and a retest of the $18 low is possible.I don't know that we'll get the chance, but from a technical perspective, Bank of America stock would look more attractive in the $16.50 to $17 area. Top Trades for Tomorrow No. 4: iQiyi (IQ) Click to Enlarge Source: Chart courtesy of StockCharts.comiQiyi (NASDAQ:IQ) was enjoying plenty of upside in mid-February, but it too got caught up in the selloff despite being a streaming video play. After breaking out over $20 in December, IQ stock lost this mark in early March. This level and the 200-day moving average are now acting as resistance (blue circle), as shares now recoil lower. Fortunately, that gives us our levels. On the upside, bulls need to reclaim the $20 mark and the 200-day moving average to have a sustained rally. On the downside, see if IQ can avoid taking out the March lows. A higher low is not necessarily ideal because it means the stock will decline, but it's at least constructive. Below the March low is not constructive, and puts the 2019 lows in play near $15. Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, he is long NVDA and AVGO. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 7 Small-Cap Stocks That Might Not Survive * The 7 Winners and Losers From Washington's Record-Setting Stimulus Package * 7 Stocks to Buy for a Dovish Federal Reserve The post 4 Top Stock Trades for Wednesday: NVDA, AVGO, BAC, IQ appeared first on InvestorPlace.
The simplest way to benefit from a rising market is to buy an index fund. When you buy individual stocks, you can make...
iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, recently launched the operation plan for its service experience testing stations (the "Testing Stations") in multiple international markets. The first Testing Station started its trial in Singapore at the end of 2019 and has been in testing and providing feedback to the Company on service experience. Similar Testing Stations in other markets including Thailand, Vietnam, the Philippines and Indonesia have been under preparation and will be launched in due course.
On March 23rd, iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, launched the presales for its Qiyu 2Pro VR somatosensory game console ("Qiyu VR 2Pro" or the "Console") on e-commerce platforms. iQIYI aims to provide users with an immersive gaming experience by having applied interactive 6DoF technology to the Console. The Qiyu VR 2Pro will sell for a presale price of RMB 3899 and for an official price of RMB 3999 starting April 9th.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
In the first week of its release, the second season of Youth With You ("Youth With You 2" or the "Show"), a highly-anticipated original hit variety show created by iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, has topped iQIYI's global trending list, leading to a significant increase in the viewing time of overseas viewers on iQIYI's variety shows. This marks the first time for a variety show to surpass a drama series as the top-ranking program since iQIYI began providing entertainment services to overseas users.
Recently, iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, together with Peking University and Microsoft Research, jointly published a paper on EPASS360, a newly-developed panoramic video streaming media system based on AI technology, titled EPASS360: QoE-aware 360-degree Video Streaming over Mobile Devices (the "Paper"). The Paper was accepted by IEEE Transactions on Mobile Computing (TMC), a top international journal in the field of Mobile Computing. Under current home broadband and WiFi environments, this new system solution will predict the allocation rate according to the user's visual field to ensure that the user sees a clear and smooth picture when watching panoramic videos.
iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the Securities and Exchange Commission on March 12, 2020 U.S. Eastern Time. The annual report can be accessed on the Company's investor relations website at http://ir.iqiyi.com.
iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today officially launched the second season of its original hit variety show Youth with You ("Youth with You 2" or the "Show"), which is created by iQIYI, co-created by Caviar Communications and Weibo, and co-produced by Caviar Communications and iQIYI Fancy Monster Studio. The show will be exclusively released on iQIYI, QIYIGUO TV and international iQIYI.
iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, recently completed, in cooperation with China Telecom, a leading Chinese telecommunications network operator, verification of the 5G+MEC (Multi-Access Edge Computing) general scheduling scheme, and successfully achieved scale landing of VR services in hotel settings. Based on iQIYI's next-generation CDN system and the service provided by MEC platform, which is independently developed by China Telecom, iQIYI and China Telecom have completed the service positioning standardized interface and a universal adaptation. It supports precise scheduling of iQIYI video content at mass MEC nodes. The scheme could be rapidly replicated in entertainment, education, finance, healthcare, transportation and other industries at scale, accelerating the development of 5G-related industrial applications, and promoting the formulation of related technical standards.
iQIYI's (IQ) fourth-quarter 2019 results benefit from strong subscriber growth. However, higher content costs and decline in online advertising services revenues dampen performance.
Some investors likely thought the worst was over midday Thursday. About halfway through the trading session, the S&P 500 was down just 0.7%, and had rallied almost 3% from morning lows.Source: Shutterstock It was not to be. The S&P reversed and closed at the lows. The index posted its worst one-day loss since August 2011. The Dow Jones Industrial Average set a record for the largest one-day point decline. Overnight futures suggest the selling will continue on Friday.But after a long and difficult week, Friday's big stock charts aim to focus on the positive. These three stocks managed to rally in trading Thursday -- an impressive feat. A Finviz.com screen shows that less than 6% of stocks with a market capitalization over $2 billion managed to close higher in the session.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Safe Stocks to Buy on the Coronavirus Dip What's interesting about these names is that the good news might not be confined to a single session. In fact, the charts suggest some optimism going forward, though broad markets might need to find a bottom first. Wynn Resorts (WYNN)Source: Provided by Finviz The declines in casino operator Wynn Resorts (NASDAQ:WYNN) seem to make some sense. Much of the stock's value is derived from Wynn's operations in Macau. Casinos there were closed for two weeks. Lingering economic impacts on the mainland could pressure revenue and profits for some time to come.But the story might not be quite that simple. And the first of Friday's big stock charts suggests that some investors may be realizing that fact: * The primary piece of good news on Thursday isn't the fact that WYNN stock eked out a small rise amid the broad market sell-off. It's that shares snapped back after testing support around $104. Shares did fade toward the end of the session, and risks remain, but after a brutal few sessions WYNN at least showed some strength. * Again, investors might think WYNN is a logical candidate for selling amid coronavirus fears, given its Chinese exposure. But that country's stocks actually didn't perform that badly on Thursday, at least in context. The iShares MSCI China ETF (NASDAQ:MCHI) only fell 1.2%. Pinduoduo (NASDAQ:PDD) and iQiyi (NASDAQ:IQ), seemingly two of the higher-risk names in that market, actually gained. * That trading would seem to explain Wynn's resilience. But there's another factor to consider. WYNN has badly underperformed most Chinese names in its steep plunge from January highs. That's surprising -- and somewhat illogical. Wynn has operations stateside, in both Las Vegas and Boston, which combined generate roughly one-quarter of Property Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization). * Thursday's trading suggests that a good number of investors see the sell-off as overdone. That in turn raises hopes that support again will hold, allowing WYNN to rally when broader markets finally do the same. Etsy (ETSY)Source: Provided by Finviz Of over 1,700 stocks with a market capitalization over $2 billion, only two outperformed Etsy (NASDAQ:ETSY) on Thursday. Both Vir Biotechnology (NASDAQ:VIR), which is working on a coronavirus treatment, and Teladoc Health (NASDAQ:TDOC), which posted an earnings beat and whose telemedicine platform could benefit from the outbreak, are seeing positive external catalysts at the moment.Etsy's gains were driven by a fourth quarter earnings beat along with above-consensus guidance for 2020. But the second of our big stock charts does suggest some potential caution: * ETSY's intraday trading almost seems like the opposite of that of WYNN. While Wynn bounced quickly off support, Etsy stock did the same off resistance around $60. Still, there's good news. The uptrend seems confirmed. Etsy cleared the 200-day moving average and tested it intraday. A "golden cross" even looks likely in coming sessions as the 50DMA inflects. * Fundamentally, there's still a case even after the gains. ETSY stock isn't cheap, at 6x revenue and a little over 25x EBITDA, based on 2020 guidance. But the company is driving impressive revenue growth, and margins should expand along with that growth. * I did argue in April that ETSY stock was too expensive at $68. But performance, even with last year's sell-off, has been solid since. The company's dominance in the craft space seems unquestioned. ETSY probably needs some external help to break through resistance. At the least, however, the company seems back on track. CNH Industrial (CNHI)Source: Provided by Finviz Heavy equipment manufacturer CNH Industrial (NYSE:CNHI) seems like a logical candidate for a sell-off. Like Caterpillar (NYSE:CAT), CNH is sensitive to macroeconomic factors. Meanwhile, 11% of revenue comes from Italy, where new coronavirus cases have sparked concern.Yet investors are taking the long view. The third of Friday's stock charts shows the stock has found support: * CNHI has clawed higher in recent sessions, and seems to have established a bottom. To be sure, risks remain. A "death cross" looms. And shares gave back some of their early gains on Thursday. Investors would be forgiven for seeing recent gains as a 'dead cat bounce.' * Still, the gains are positive for CNHI and, in a way, for the market. After all, cyclical stocks should see buying and multiple expansion at the bottom. The fact that shares have found support suggests that investors aren't completely panicking. The same is true when looking at more modest declines in Chinese stocks. * Of course, the market's ability to take the long view with some names suggests an interesting possibility. It might be coronavirus fears that are crushing U.S. stocks -- or at least not those fears alone. More than a few investors have wondered if the market was just looking for a reason to correct, and the small pockets of strength on Thursday provide some evidence that might be the case.Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. He has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Buy for Your 10-Year-Old * 5 Hot Cannabis Stocks to Snap Up * Buy These 5 Super Fast-Growth Dividend Stocks While They Are Down The post 3 Big Stock Charts for Friday: Wynn Resorts, Etsy, and CNH Industrial appeared first on InvestorPlace.
iQIYI, Inc. (Nasdaq: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2019.
Given the hysterical headlines about the coronavirus from China, you might expect that Chinese stocks are getting pummeled. That's widely the case, but many are not. Take JD.com (NASDAQ:JD) for instance. JD stock is down a little less than 10% since their recent 52-week high. Given all the dour news and dreadful stock market trading of late, one might wonder why JD stock isn't down more.Source: testing / Shutterstock.com One explanation is that JD was on a huge winning streak right until the coronavirus started to hit. The company went through a couple of lean years in 2018 and the early part of 2019, as revenue growth dipped, the CEO was arrested on suspicion of rape, and the company's profit margins wavered. Investors were understandably nervous. In the second half of 2019, however, the company totally turned things around. Combine that with the first stage trade deal agreement between the U.S. and China, and JD appeared all set for a blockbuster 2020. Strong Earnings & Value UnlockingJD's last earnings report was a strong one, with both revenues and earnings coming in way ahead of expectations. Subsequently, the company posted strong holiday sales. This brought in analyst upgrades, such as from Barclay's, citing accelerated profit margins and strong Singles Day sales as a reason to get bullish on JD.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAnother factor in JD's favor is that the company is starting to realize the value in its other business units beyond the core e-commerce segment. It already divested JD Finance while retaining a substantial profit share and potential equity stake. It is making plans for a gigantic JD Logistics IPO outside of China, perhaps in Hong Kong or New York. And the company's fast-developing JD Health division could also fetch a solid asking price in coming months or years. * 7 Safe Stocks to Buy on the Coronavirus Dip Make No Mistake: Coronavirus Is Bad For BusinessWe're hearing a narrative out there that the coronavirus will, counter-intuitively, actually be good for e-commerce leaders like Alibaba (NYSE:BABA) and JD. It's not a totally crazy proposition on its face either. Given that as many as 700 million Chinese people are under quarantine, folks won't want to go out shopping. And in many cases, brick and mortar stores themselves will be closed for the time being. So, that should naturally lead to a big pop in online sales, right?Not necessarily. The e-commerce industry has a reputation for being fairly recession-resistant. This, however, is largely based out off of the Great Financial Crisis, when online commerce was still a far smaller portion of the overall sales environment. E-commerce is now large enough, both in China and in the U.S., that it is likely to feel a similar impact as brick and mortar when the economy turns down. While a virus is somewhat less harmful to online retail versus physical, that dynamic won't outweigh a broad economic slowdown. JD Isn't Just RetailIt's also important to consider that JD is more than just its core retail business. You have its broad logistics network for example, which is a great source of value. It seems probable that JD will do a partial spin-off or sale of logistics to raise capital and generate shareholder value. The value of logistics networks, logically, tends to fall sharply during recessions though.You have JD's finance business. There's a whole lot of stuff under the umbrella there, including consumer finance, securities, supply chain financing, insurance, and the like. The value of elements of this business could drop sharply in a recession.Also, don't forget that JD has an investment arm that puts money into a lot of other businesses, both private and publicly-listed. JD's investment in luxury retailer Farfetch (NYSE:FTCH), for example, has gone poorly in general, and it's veering from bad to worse now: Farfetch stock is down 20% just over the last week alone. JD Stock ConclusionThere's certainly something there with the idea that the virus will change consumption habits. And it's certainly better to be an e-commerce business than a physical retailer during a global health scare. That said, if China goes into a recession, consumers will pull back spending across all distribution channels. People that are out of work simply aren't making huge discretionary spends, whether in-store or online.If you want to play a coronavirus effect-type stock, social media platforms or streaming sites seem to make more sense. Something like Facebook (NASDAQ:FB) in the U.S., or video streamers like IQIYI (NASDAQ:IQ) in China. People stuck at home will certainly use their time on something, but it might not be shopping.Over the long haul, I remain a firm JD stock bull. I haven't sold any of my holding in the company despite both the trade war and now the coronavirus. That said, it's rather strange that JD stock is down less than 10% from its highs given the recent developments. This is a good time to hold, but wait for a steeper pullback to buy JD stock.Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a $300 million New York City-based hedge fund. You can reach him on Twitter at @irbezek. At the time of this writing, Ian Bezek owned JD and FB stocks. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Safe Stocks to Buy on the Coronavirus Dip * 7 Stocks to Buy Down 10% in the Last Week * These 4 Stocks to Sell Are Melting Down Now The post JD Is A Great Company Stuck In A Terrible Situation appeared first on InvestorPlace.
Across the globe, businesses are feeling the impact of the Coronavirus. China Beige Book CEO Leland Miller joins On The Move to discuss how Chinese companies specifically are trying to rebound from the impact of the coronavirus outbreak.
Yahoo Finance’s Heidi Chung breaks down the stocks that could weather the coronavirus. Dan Roberts and Julia La Roche, along with NYU Marketing Professor Scott Galloway join in on the conversation on YFi PM.
As the coronavirus continues to escalate, people in China are forced to work from home, and are "spending more time online," says EMQQ Founder and Chief Investment Officer Kevin Carter. He joins Yahoo Finance's On the Move panel to discuss.