NetEase (NTES) stock tumbled Thursday after the China-based gaming and Internet company reported lower profit margins from some of its newer operations and experienced fallout from the temporary suspension of sales of some lottery products. NetEase stock was down 6% in early afternoon trading in the stock market today, near 132.50. NetEase stock is down 14% from its all-time high of 154.88 brushed in June. NetEase posted declines in the gross
Investors looking for stocks positioned for long-term growth often home in on big-cap leaders like Facebook (FB) that have the stability and heft to power higher. Today’s Screen Of The Day is Big Cap Leaders — companies with top-notch fundamentals, generally with a market value of at least $15 billion. The list includes three hot Internet stocks, Facebook, Google (GOOGL) and NetEase (NTES), that all have a 98 or higher IBD Composite Rating,
China-based video game firm and Web portal NetEase (NTES) is set to report Q2 earnings after the close Wednesday, with at least some analysts expecting the company to post a strong quarter thanks to rising popularity for its games. The most high-profile game of late is “Fantasy Westward Journey Mobile,” the mobile version of NetEase’s franchise PC game “Fantasy Westward Journey.” The mobile game launched on both Apple ‘s (AAPL) iOS and Google’s