Square (NYSE:SQ) stock has been on fire…what else is new? SQ has risen 57% in the past three months, 180% so far this year and 224% over the past 12 months. To say this has been a frustrating stock for bears would be an understatement.
Not long ago, Square’s market capitalization was less than $10 billion. Now its market cap is roughly $37 billion. Square stock has been on a run like few others, and eventually stocks that rally to that extent take a rest. Is Square next?
Let’s look at the charts first.
Trading SQ Stock
Top 10 Value Stocks To Watch Right Now: Artisan Partners Asset Management Inc.(APAM)
Artisan Partners Asset Management Inc is publicly owned investment manager. It provides its services to pension and profit sharing plans, trusts, endowments, foundations, charitable organizations, government entities, private funds and non-U.S. funds, as well as mutual funds, non-U.S. funds and collective trusts. It manages separate client-focused equity and fixed income portfolios. The firm invests in the public equity and fixed income markets across the globe. It invests in growth and value stocks of companies across all market capitalization. For fixed income component of its portfolio the firm invests in non-investment grade corporate bonds and secured and unsecured loans. It employs fundamental analysis to create its portfolios. Artisan Partners Asset Management Inc. was founded in 1994 and is based in Milwaukee, Wisconsin with additional offices in Atlanta, Georgia; New York City; San Francisco, California; Leawood, Kansas; and London, United Kingdom.
- [By Ethan Ryder]
Public Employees Retirement System of Ohio cut its holdings in Artisan Partners Asset Management Inc (NYSE:APAM) by 20.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 75,499 shares of the asset manager’s stock after selling 19,452 shares during the quarter. Public Employees Retirement System of Ohio owned 0.10% of Artisan Partners Asset Management worth $2,276,000 as of its most recent SEC filing.
- [By Logan Wallace]
Artisan Partners Asset Management Inc (NYSE:APAM) has been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $38.00.
Top 10 Value Stocks To Watch Right Now: Mimecast Limited(MIME)
Mimecast Limited was incorporated under the laws of the Bailiwick of Jersey with company number 119119 on July 28, 2015 as a public company limited by shares. On November 4, 2015, Mimecast Limited became the holding company of Mimecast UK, a private limited company incorporated in 2003 under the laws of England and Wales, and its subsidiaries by way of a share-for-share exchange in which the shareholders of Mimecast UK exchanged their shares in Mimecast UK for an identical number of shares of the same class in Mimecast Limited. Following the exchange, the historical consolidated financial statements of Mimecast UK became the historical consolidated financial statements of Mimecast Limited, of which the consolidated financial statements as of and for the three years ended March 31, 2016 are included in this Annual Report. Advisors’ Opinion:
- [By ]
Shares of cyber-security company Mimecast (Nasdaq: MIME) shot up about 20% on February 12, establishing a new all-time high in the process. The catalyst: a third-quarter earnings report that showed the company continues to excel on all fronts.
- [By Daniel Sparks]
Shares of Mimecast (NASDAQ:MIME) popped on Tuesday, rising as much as 20.6%. As of 1:15 p.m. EST today, the stock was up 13.2%.
Shares of the email and data security company were up because of the company’s fiscal third-quarter earnings release, which featured better-than-expected revenue and adjusted earnings per share.
- [By Motley Fool Transcribers]
Mimecast Limited (NASDAQ:MIME)Q32019 Earnings Conference CallFeb. 11, 2019, 4:30 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Robert Sanders — Director of Investor Relations
- [By Logan Wallace]
Get a free copy of the Zacks research report on Mimecast (MIME)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top 10 Value Stocks To Watch Right Now: Aphria Inc. (APHQF)
Aphria Inc., formerly Black Sparrow Capital Corp., is a Canada-based company, which is engaged in producing and selling medical marijuana through retail sales and wholesale channels. The Company’s retail sales are primarily sold through the Company’s online store, as well as telephone orders. Its wholesale shipments are sold to other Medical Purposes Regulations (MMPR) Licensed Producers. It offers medical cannabis of various strains, including Kusawa, Tamaracouta, Panache, Churchill and Iroquois. The Company is also engaged in the research and development, and commercial production of cannabis oil. Its cannabis oil products will include Champlain, Rideau and Capilano. Its cannabis oil products will be available in approximately 60 milliliter bottles. Its subsidiaries include Pure Natures Wellness Inc., which is engaged in producing and selling medical marijuana, and Cannway Pharmaceuticals Ltd., which specializes in providing support services to veterans and first responders. Advisors’ Opinion:
- [By Jeremy Bowman]
Four of the five biggest marijuana stocks, including Canopy,Aurora Cannabis(NASDAQOTH:ACBFF), andAphria(NASDAQOTH:APHQF), have all more than doubled, while shares ofTilray(NASDAQ:TLRY) have absolutely skyrocketed. Tilray’s gains have come in part because of its unusually low float and heavy short interest — and because the pot stock was the first to list directly on an American exchange when it had its IPO in July.
- [By Todd Campbell]
There will be a lot of demand for dried marijuana flower when Canada opens its recreational marijuana market next week, but the biggest market opportunity for marijuana growers, including Aphria Inc. (NASDAQOTH:APHQF), isn’t for marijuana the commodity but for marijuana the ingredient. Canada’s regulators are expected to give an OK next year for the sale of cannabis-infused beverages, edibles, and other consumer goods products, and if that happens, the lowest-cost marijuana producer could be positioned to profit most.
- [By Keith Speights]
Aphria (NASDAQOTH:APHQF) disappointed investors the last time it reported quarterly results in August because its revenue growth was underwhelming. Even worse, the Canadian marijuana grower predicted that its EBITDA could weaken in the future.
- [By Keith Speights]
Marijuana grower
Canopy Growth Corporation (NYSE:CGC) $5.8 billion
Aurora Cannabis (NASDAQOTH: ACBFF) $2.9 billion
Tilray (NASDAQ: TLRY) $2.3 billion
Aphria (NASDAQOTH: APHQF) $1.9 billion
MedMen Enterprises (NASDAQOTH: MMNFF) $1.3 billion
Cronos Group (NASDAQ: CRON) $1 billion
The Green Organic Dutchman (NASDAQOTH: TGODF) $1 billion
The Hydropothecary (NASDAQOTH: HYYDF) $728 million
CannTrust Holdings (NASDAQOTH: CNTTF) $513 million
Organigram Holdings (NASDAQOTH: OGRMF) $509 million
Marimed (NASDAQOTH: MRMD) $472 million
TerrAscend (NASDAQOTH: TRSSF) $398 million
Auxly Cannabis (NASDAQOTH: CBWTF) $368 million
iAnthusCapital Holdings (NASDAQOTH: ITHUF) $367 million
Medical Marijuana (NASDAQOTH: MJNA) $330 million
CV Sciences (NASDAQOTH: CVSI) $299 million
Emerald Health Therapeutics (NASDAQOTH: EMHTF) $287 million
Supreme Cannabis (NASDAQOTH: SPRWF) $277 million
Smart Cannabis (NASDAQOTH: SCNA) $276 million
MPX Bioceutical (NASDAQOTH: MPXEF) $234 million
AusCann Group Holdings (NASDAQOTH: ACNNF) $223 million
Liberty Health Sciences (NASDAQOTH: LHSIF) $213 million
Biotech
Top 10 Value Stocks To Watch Right Now: Invesco Municipal Opportunity Trust(VMO)
Invesco Municipal Opportunity Trust, formerly Beneficial Intrest Invsco Munciple OpportunityTrust, is a diversified closed-end management investment company. The Trust’s investment objective is to provide a high level of current income exempt from federal income tax, consistent with preservation of capital. The Trust invests in a diversified portfolio comprised primarily of investment-grade, tax-exempt municipal securities. On January 27, 2006, the Trust acquired the Van Kampen Advantage Municipal Income Trust.
The Trust may invest a portion of its assets in inverse floating-rate instruments, either through outright purchases of inverse floating-rate securities, or through the transfer of bonds to a dealer trust in exchange for cash and residual interests in the dealer trust. It invests in sectors, such as hospitals, airports and wholesale electric. Van Kampen Asset Management serves as the investment advisor of the Fund.
Advisors’ Opinion:
- [By Logan Wallace]
Invesco Van Kampen Municpl Opprtnty Trst (NYSE:VMO) declared a monthly dividend on Tuesday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 17th will be paid a dividend of 0.0554 per share by the investment management company on Monday, April 30th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend is Monday, April 16th.
Top 10 Value Stocks To Watch Right Now: Garmin Ltd.(GRMN)
Garmin Ltd., together with its subsidiaries, designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; and infotainment solutions, as well as mobile applications under the StreetPilot and NAVIGON brands. The Aviation segment provides global positioning system (GPS)-enabled navigation products, VHF communications transmitters/receivers, multi-function displays, electronic flight instrumentation systems, automatic flight control systems, traffic advisory and collision avoidance systems, terrain awareness and warning systems, instrument landing system receivers, weather radars, surveillance products, audio panels, cockpit datalink systems, and others. The Marine segment offers chartplotters and multi-function displays, fish finders, sounders, autopilot systems, radars, compliant instrument displays, VHF communication radios, handhelds and wrist-worn devices, sailing products, and entertainment products. The Outdoor segment provides outdoor handhelds, wearable devices, golf devices, dog tracking and training/pet obedience devices, and action cameras. The Fitness segment offers running/multi-sport watches, cycling computers, cycling power meters, cycling safety and awareness products, and activity tracking devices, as well as Garmin Connect and Garmin Connect Mobile, which are Web and mobile platforms for users to track and analyze their fitness and wellness data. The company sells its GPS receivers and accessories to retail outlets, and aviation products to aviation dealers and aircraft manufacturers through a network of independent dealers and distributors. Garmin Ltd. was founded in 1990 and is based in Schaffhausen, Switzerland.
- [By Demitrios Kalogeropoulos, Leo Sun, and Jamal Carnette, CFA]
Technology trends move quickly, but investors have to try to look past the cyclical demand to find businesses with enduring competitive advantages. With that broader focus in mind, we asked a few Motley Fool contributors to offer up stock ideas that look attractive over the long term. Read on to see why Garmin (NASDAQ:GRMN), Cisco (NASDAQ:CSCO), and Yandex (NASDAQ:YNDX) topped that list.
- [By Demitrios Kalogeropoulos]
Garmin(NASDAQ:GRMN) recently closed the books on a strong fiscal 2018 that marked its third straight year of rising revenue and improving profitability. That would be a notable result for any consumer electronics specialist, but it’s especially impressive considering Garmin had to adapt to big consumer demand shifts in fitness trackers and automotive GPS devices.
- [By Garrett Baldwin]
Click here to get the details…
Stocks to Watch Today: NKE, GRMN, FIT, FOSL, NAVI
Nike Inc. (NYSE: NYSE) is facing a public relations problem this morning and shares are off nearly 2%. Last night, Duke University star basketball player Zion Williamson was injured in the opening minute of a marquee game against the University of North Carolina. Williamson slipped while dribbling and his Nike shoe split apart, causing him to fall and injure his knee. The No. 1 ranked Duke Blue Devils, who were favorites against their rivals at home, were blown out after Williamson was forced to leave the game. The game was heavily televised, attended by celebrities and former President Barack Obama, and fetched ticket prices upwards of $10,000. Williamson is likely the No. 1 pick in the NBA draft this year. The company called the event an “isolated occurrence.” Shares of Garmin Ltd. (NASDAQ: GRMN) popped to an 11-year high thanks to a strong earnings report and forward guidance on Wednesday. The fitness and navigation device manufacturer reported that smartwatch sales are “on fire” from outdoor enthusiasts. The firm’s outdoor segment experienced a 25% jump in revenue for the quarter, while the firm hiked its 2019 revenue outlook and topped analysts’ expectations. The news helped boost shares of Fossil (NASDAQ: FOSL) and Fitbit (NYSE: FIT). Shares of Navient Corp. (NASDAQ: NAVI) slid 4.2% after hedge fund Canyon Capital withdrew its bid from earlier this week to buy the student loan servicing giant for $12.50 per share. The hedge fund announced it will now launch a proxy fight to replace many of the company’s board of directors. While this might be bad news for NAVI in the short term, there are still 1.5 trillion reasons to own this stock. Look for other earnings reports from Baidu (NASDAQ: BIDU), Barclays PLC (NYSE: BCS), Boyd Gaming (NYSE: BYD), Domino’s Pizza (NYSE: DPZ), Dropbox (NYSE: DBX), First Solar (NASDAQ: FSLR), Hewlett Packard Enterprise (NYSE: HPE), Kraft Hein - [By Demitrios Kalogeropoulos]
Garmin(NASDAQ:GRMN) recently announced robust sales and profit growth over the holiday shopping season, which allowed the GPS device specialist to trounce its financial targets for the year. The company also issued 2019 guidance that amounts to more gains in its headline operating metrics.
Top 10 Value Stocks To Watch Right Now: Shoe Carnival, Inc.(SCVL)
Shoe Carnival, Inc., together with its subsidiaries, operates as family footwear retailer primarily in the United States. It provides various dress, casual, and athletic footwear products for men, women, and children; and accessories, including socks, belts, shoe care items, handbags, jewelry, scarves, and wallets. As of January 30, 2016, the company operated 405 stores in 34 states and Puerto Rico. It sells its products through online shopping at shoecarnival.com. Shoe Carnival, Inc. was founded in 1978 and is headquartered in Evansville, Indiana.
- [By Motley Fool Transcribers]
Shoe Carnival Inc (NASDAQ:SCVL)Q42018 Earnings Conference CallMarch 26, 2019, 4:30 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Jeremy Bowman]
Shares ofShoe Carnival Inc.(NASDAQ:SCVL) were moving higher on Wednesday after the retailer posted a better-than-expected earnings report in its second quarter. Comparable-store sales surged, and the strip-mall staple beat expectations across the board.
- [By Motley Fool Transcribing]
Shoe Carnival (NASDAQ:SCVL) Q2 2018 Earnings Conference CallAug. 28, 2018 4:30 p.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
Top 10 Value Stocks To Watch Right Now: Green Plains, Inc.(GPRE)
Green Plains Inc. (Green Plains), incorporated on June 29, 2004, is a vertically integrated producer, marketer and distributor of ethanol. The Company operates through four segments: Ethanol Production, Agribusiness, Marketing and Distribution, and Partnership. The Company has operations throughout the ethanol value chain, beginning upstream with its grain handling and storage operations, continuing through its ethanol, distiller’s grains and corn oil production operations, and ending downstream with its ethanol marketing, distribution and blending facilities. In addition, the Company owns an ethanol production facility in Hereford, Texas, which includes approximately 100 million gallons per year of production capacity, a corn oil extraction system and other related assets.
Ethanol Production
The Company’s Ethanol Production Segment is engaged in the production of ethanol and related distillers grain. Its ethanol production segment includes over 10 ethanol plants in Indiana, Iowa, Michigan, Minnesota, Nebraska, Tennessee, Texas and Virginia. The Company’s ethanol plants use a dry mill process to produce ethanol and co-products, such as wet, modified wet or dried distiller grains, as well as corn oil.
Agribusiness
The Company owns and operates grain handling and storage assets through its agribusiness segment, which has grain storage capacity of approximately 58.6 million bushels, with over 44.2 million bushels of storage capacity at the Company’s ethanol plants, approximately 11.6 million bushels of total storage capacity at its over four separate grain elevators and approximately 2.8 million bushels of storage capacity at its cattle feedlot operation. The Company owns a feedlot with the capacity to support over 70,000 head of cattle.
Marketing and Distribution
The Company’s Marketing and Distribution Segment is engaged in the sale, marketing and distribution of ethanol, distillers’ grains and corn oil produced at the Compan! y’s ethanol plants. The Marketing and Distribution segment is engaged in marketing and providing logistical services for ethanol and other commodities for a third-party ethanol producer.
Partnership
The Partnership segment provides fuel storage and transportation services through its over 30 ethanol storage facilities located at or near its approximately 10 ethanol production plants; over eight fuel terminal facilities located near rail lines, and a leased railcar fleet and other transportation assets. Partnership segment provides fuel storage and transportation services by owning, operating, developing and acquiring ethanol and fuel storage tanks, terminals, transportation assets and other related assets and businesses.
The Company competes with Archer Daniels Midland Company, POET, Flint Hills Resources and Valero Energy Corporation.
Advisors’ Opinion:
- [By Maxx Chatsko]
While all producers have paid the price of a grossly oversupplied market in recent years, none has suffered as much as Green Plains (NASDAQ:GPRE). The business is much more dependent on ethanol output and selling prices than peers Archer Daniels Midland or Valero Energy, which generate the majority of their income from agricultural raw materials and petroleum refining, respectively.
- [By Motley Fool Transcription]
Green Plains Inc. (NASDAQ:GPRE)Q4 2018 Earnings Conference CallFeb. 11, 2019, 11:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Joseph Griffin]
Green Plains (NASDAQ:GPRE) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.
Top 10 Value Stocks To Watch Right Now: Landec Corporation(LNDC)
Landec Corporation, together with its subsidiaries, designs, develops, manufactures, and sells polymer products for food and agricultural products, medical devices products, and licensed partner applications incorporating its patented polymer technologies. It has two polymer technology platforms that include Intelimer polymers, a proprietary class of crystalline, hydrophobic polymers, which respond to temperature changes in a controllable, predictable way; and Hyaluronan Biopolymer, a non-crystalline, hydrophilic polymer that exists naturally within the human body. The company?s Food Products Technology segment markets and packs produced and specialty packaged whole and fresh-cut vegetables utilizing the proprietary BreatheWay specialty packaging technology for the retail grocery, club store, and food services industry. This segment also sells BreatheWay packaging to partners for non-vegetable products. Its Food Export segment purchases and sells primarily whole commodity fruit and vegetable products to Asian markets. The company?s Hyaluronan-based Biomaterials segment sells products utilizing hyaluronan, a naturally occurring polysaccharide that is primarily distributed in the extracellar matrix of connective tissues in both animals and humans for medical use primarily in the ophthalmic, orthopedic, and veterinary markets. It also supplies hyaluronan to customers pursuing other medical applications, such as aesthetic surgery, medical device coatings, tissue engineering, and pharmaceuticals. Its Technology Licensing segment licenses Intellicoat, a proprietary seed coating technology to the farming industry; and Intelimer polymers for personal care products and other industrial products. The company sells its products in the United States, Canada, Taiwan, Belgium, Indonesia, China, and Japan. Landec Corporation was founded in 1986 and is based in Menlo Park, California.
Advisors’ Opinion:
- [By Logan Wallace]
Farmmi (NASDAQ:FAMI) and Landec (NASDAQ:LNDC) are both small-cap consumer staples companies, but which is the superior stock? We will compare the two businesses based on the strength of their valuation, profitability, institutional ownership, analyst recommendations, risk, earnings and dividends.
- [By Joseph Griffin]
Farmmi (NASDAQ:FAMI) and Landec (NASDAQ:LNDC) are both small-cap consumer staples companies, but which is the superior stock? We will compare the two companies based on the strength of their dividends, analyst recommendations, earnings, profitability, valuation, risk and institutional ownership.
Top 10 Value Stocks To Watch Right Now: Oil States International Inc.(OIS)
Oil States International, Inc., through its subsidiaries, provides specialty products and services to the oil and gas drilling and production companies worldwide. It operates in four segments: Accommodations, Offshore Products, Well Site Services, and Tubular Services. The Accommodations segment offers temporary and permanent work force accommodation services for people working in remote locations. The Offshore Products segment designs and manufactures flexible bearings and connector products; sub sea pipeline products; marine winches, mooring systems, and cranes and rig equipment; and conductor casing connections and pipes, as well as provides blowout preventer stack assembly, integration, testing, and repair services; and drilling riser and related repair services. The Well Site Services segment offers a range of products and services that are used to drill for, and establish and maintain the flow of oil and gas from a well throughout its lifecycle. This segment engages in the rental of wireline and coiled tubing pressure control equipment; wellhead isolation equipment; pipe recovery systems; thru-tubing fishing services; hydraulic chokes and manifolds; blow out preventers; well testing and flowback equipment; gravel pack operations on well bores; and surface control equipment and down-hole tools utilized by coiled tubing operators. This segment also provides land drilling services. The Tubular Services segment distributes a range of casing and tubing products; and offers threading, logistical, and inventory management services. The company serves national oil companies, independent oil and gas companies, onshore and offshore drilling companies, and other oilfield service and mining companies. Oil States International, Inc. was founded in 1995 and is based in Houston, Texas.
Advisors’ Opinion:
- [By Motley Fool Transcribers]
Oil States International Inc (NYSE:OIS)Q42018 Earnings Conference CallFeb. 14, 2019, 11:00 a.m. ET
Contents:
Prepared Remarks Questions and Answers Call Participants
Prepared Remarks:Operator
- [By Shane Hupp]
Shares of Oil States International, Inc. (NYSE:OIS) have received an average recommendation of “Hold” from the nineteen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $32.38.
- [By Logan Wallace]
Equities researchers at Morgan Stanley began coverage on shares of Oil States International (NYSE:OIS) in a research note issued on Tuesday, The Fly reports. The brokerage set a “hold” rating and a $35.00 price target on the oil and gas company’s stock. Morgan Stanley’s price objective indicates a potential upside of 13.45% from the company’s current price.
- [By Stephan Byrd]
These are some of the news articles that may have impacted Accern’s rankings:
Get Oil States International alerts:
Oil States Names New Board Chairman To Replace Mark Papa (epmag.com) Oil States chairman Papa resigns, joins Schlumberger’s board (seekingalpha.com) Oil States International chairman resigns, joins Schlumberger's board of directors (finance.yahoo.com) Oil States Board Names Robert L. Potter as its New Chairman (finance.yahoo.com) Oil States International, Inc. (OIS) Expected to Announce Quarterly Sales of $284.87 Million (americanbankingnews.com)
Several equities analysts have commented on OIS shares. ValuEngine cut shares of Oil States International from a “buy” rating to a “hold” rating in a research report on Saturday, June 2nd. Wells Fargo & Co cut shares of Oil States International from an “outperform” rating to a “market perform” rating in a research report on Monday, April 30th. Zacks Investment Research cut shares of Oil States International from a “buy” rating to a “hold” rating in a research report on Wednesday, April 25th. SunTrust Banks set a $32.00 target price on shares of Oil States International and gave the stock a “hold” rating in a research report on Thursday, May 3rd. Finally, Evercore ISI cut shares of Oil States International from an “in-line” rating to an “underperform” rating in a research report on Monday, April 30th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $32.08.
Top 10 Value Stocks To Watch Right Now: Netease.com Inc.(NTES)
NetEase.com, Inc., an Internet technology company, engages in the development of applications, services, and other technologies for the Internet in China. It provides online game services to Internet users through the in-house development or licensing of massively multi-player online role-playing games, including Fantasy Westward Journey, Westward Journey Online II, Westward Journey Online III, Tianxia II, Heroes of Tang Dynasty, and Datang, as well as the licensed game, Blizzard Entertainment’s World of Warcraft. The company also offers online advertising on its Web sites. In addition, NetEase has paid listings on its search engine and Web directory, and classified advertising services, as well as an online mall, which provides opportunities for e-commerce and traditional businesses to establish their own storefront on the Internet. Further, it provides wireless value-added services, such as news and information content, matchmaking services, music, and photos from the We b over SMS, MMS, WAP, IVR, and Color Ring-back Tone technologies. Additionally, the company offers community services, including instant messaging, online personal advertisements, matchmaking, alumni clubs, and community forums; and aggregates news content on world events, sports, science and technology, and financial markets, as well as entertainment content, such as cartoons, games, astrology, and jokes from over 100 international and domestic content providers. NetEase.com, Inc. was founded in 1997 and is based in Beijing, the People?s Republic of China.
Advisors’ Opinion:
- [By Keith Noonan]
Shares of NetEase(NASDAQ:NTES)fell 11.4%% in February, according to data fromS&P Global Market Intelligence. Despite positive momentum for Chinese tech stocks and the broader market, the online media company’s share price tumbled in the lead-up to its fourth-quarter earnings release.
- [By Leo Sun]
Its live broadcasting revenue surged as it added more virtual gifts and premium content, the ad business benefited from more brand ads and the introduction of performance-based ads in the prior year quarter, and its e-commerce business — which was recently integrated into Alibaba’s Taobao marketplace — saw a spike in product sales. Bilibili’s recent acquisition of NetEase’s (NASDAQ:NTES) online comics business should further bolster its “other” revenue.
- [By Leo Sun]
NetEase (NASDAQ:NTES) reported its fourth-quarter earnings onFeb. 20. Its revenue rose 36% annually to RMB 19.84 billion ($2.89 billion), which missed the USD guidance by $20 million but marked its third straight quarter of accelerating sales growth.
- [By Dan Caplinger]
The stock market gave up ground on Thursday, with the Dow Jones Industrial Average falling triple digits and other major market benchmarks following suit with declines of close to 0.5%. Investors seemed inclined to take their foot off the gas after the strong start to the year, as fears about possible deterioration in economic strength and the geopolitical climate weighed on sentiment. Bad news from some high-profile companies also hurt the overall market. Domino’s Pizza (NYSE:DPZ), Carbon Black (NASDAQ:CBLK), and NetEase (NASDAQ:NTES) were among the worst performers. Here’s why they did so poorly.
