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3 Big-Name Chinese Tech Stocks Rebound Ahead Of Earnings Reports

Loading the player… Earnings season continues this week with three big-name Chinese tech companies reporting: Vipshop ( VIPS ), NetEase ( NTES ) and Baidu ( BIDU ). Here’s what you need to know. Flash-sales site Vipshop is slated to issue its results after the close on Wednesday. Earnings are expected to grow 43% in local currency on a 46% rise in revenue. Vipshop is trying to rebound from recent lows. The stock rose 3.3% in big volume Monday, nearing its downward-sloping 50-day moving average. Vipshop gapped down below that level after issuing its preliminary results last quarter. NetEase also reports after the close on Wednesday. It’s projected to grow earnings by 52% in local currency, while revenue is seen jumping 121%. With a highest-possible IBD Composite Rating of 99, the gaming company is a member of the IBD 50 list of leading stocks. NetEase is working on a consolidation base with a 186.55 buy point, up 4% to 160.08 Monday. The stock is nearing its 50-day line and is trading about 14% below the pivot. China search giant Baidu is expected to see earnings fall 27%, with revenue rising 32% in local currency, when it reports after the close on Thursday. Earlier this month, Baidu said it had received an offer from two executives to buy its 80% stake in online video platform iQiyi in a $2.8 billion deal. Baidu recently tripped a bearish signal when its 50-day line crossed below its 200-day line. But the stock has risen five out of the last six  sessions, including a 2.55% advancen Monday. It’s currently trading about 25% below its 52-week high. And next week, Alibaba ( BABA ) e-commerce rival JD.com ( JD ) are both slated to report their results.

5 Hot Tech Stocks You Should Be Watching Ahead Of Earnings

Loading the player… Quarterly earnings reports almost always impact a company’s stock, whether good or bad. Here’s a look at five hot tech names with earnings due for you to keep an eye on: Fibit ( FIT ), NetEase ( NTES ), WebMD ( WBMD ), First Solar ( FSLR ) and Salesforce ( CRM ). Fitbit reports after the close on Monday. Analysts expect the bottom line to climb 32%, a healthy rise but still a second quarter of decelerating growth. Revenue is projected to pop 75%. Fitbit competes against the Apple ( AAPL ) Watch, and both were named hot gift items during the holiday quarter. Fitbit shares are trading below their IPO price of 20, and are trying to make their way off of their all-time low reached last week. The stock is trading nearly 70% below its all-time high reached last August. NetEase is projected to grow earnings by 52% in local currency when it reports after the close on Wednesday. Revenue is estimated to jump 121%. The stock was able to retake its 200-day line earlier this week. It’s trading about 17% below a potential buy point. NetEase is a member of the IBD 50 list of leading stocks, and so is WebMD. The health care information site is expected to see earnings jump 58% and sales rise 17% when it reports after the close on Tuesday. Both mark an acceleration of growth from last quarter. WebMD is currently trading about 8% below its intraday peak reached in mid-January. First Solar is not on the IBD 50 list, but it earns an IBD Composite Rating of 97 out of 99. The company reports its results after the close on Tuesday as well. Earnings are expected to fall 59% on an 8% dip in sales. The stock is working on a consolidation base and is currently trading about 13% below the pivot. And software giant Salesforce reports after the close on Wednesday. Earnings are expected to jump 36%, while revenue rises 24%. Shares have risen seven out of the last eight sessions as they work their way higher from about a 16-month low. Salesforce is about 25% below its November high.

China’s Q4 Earnings Season Resumes With NetEase, Baidu, JD

The state of China’s wobbly economy will come into focus next week when a pair of big Chinese Internet companies are set to report fourth-quarter earnings. First up to bat is NetEase ( NTES ), a home-field favorite on China’s gaming scene. It ranks a close second in gaming to Tencent Holdings ( TCEHY ), which reports earnings next month. Also coming next week is China search engine leader Baidu ( BIDU ), followed by e-commerce company JD.com ( JD ) on March 1. NetEase is set to report after the close Wednesday. The company topped earnings expectations when it post Q3 earnings Nov. 11, sending its stock to a then record high of 159.34, as revenue rose 114% in local currency, year over year. The stock continued upward and hit an all-time high of 186.45 on Dec. 29. NetEase has pulled back and closed Thursday near 152. The Q4 consensus estimate on NetEase is for sales to rise 121% in local currency to $1.17 billion. Earnings per share minus items are seen rising 52% in local currency, to $2.25. Analysts will look at the state of new mobile games in the pipeline. In late December, NetEase unveiled 26 new mobile and PC games. Baidu is set to report after the close Thursday, with analysts looking for guidance on China’s ad market amid an economic slowdown. Baidu stock jumped 11% to 197.47 when it reported Q3 earnings on Oct. 30 that were in line with estimates. Revenue rose 36% in local currency. Analysts expect Q4 revenue will rise 32% in local currency, to $2.85 billion. EPS minus items is seen falling 27%, to $1.01. Last week, Baidu announced that it had received a non-binding proposal from two Baidu executives to acquire the company’s fast-growing Qiyi video wing for $2.8 billion. Baidu stock hit a seven-month high of 217.97 on Nov. 30 but closed Thursday near 161. JD.com is slated to report Q4 earnings before the market open on March 1. The focus is expected to be on JD’s push into online-to-offline (O2O) retailing and other new businesses. JD is banking on its O2O business to help it compete in China’s burgeoning e-commerce arena vs. China e-commerce leader Alibaba ( BABA ) and others. Analysts expect sales to rise 50% in local currency to $7.96 billion. They see the company swinging to a two-cent per-share loss from a penny profit in the year-earlier period. Tencent, China’s leader in messaging and gaming, is set to report earnings before the market open March 17. It’s traded in the U.S. over the counter. Tencent, Alibaba, JD and Baidu are the four largest Internet companies in China. On Jan. 28, Alibaba reported earnings for its fiscal third quarter, ended Dec. 31, that topped Wall Street expectations.