Tag Archives: ntes

4 Top China Tech Stocks Rally Amid Bargain Hunting

Loading the player… Despite ongoing concerns of slowing growth in China, U.S.-listed Chinese stocks are rising in big volume today as global markets rally and some investors hunt for bargains. Let’s take a look at four Chinese tech stocks that are making notable moves: NetEase ( NTES ), Ctrip ( CTRP ), Alibaba ( BABA ) and Baidu ( BIDU ). NetEase jumped 9.7% in heavy volume to retake the critical 200-day line. The stock hit resistance at that level on Friday. Shares are now trading about 18% below their high reached at the end of last year. The gaming company reports quarterly results next Wednesday. Analysts expect earnings to rise 30%. Travel booking site Ctrip also climbed in big volume, rising 7.7%. The stock is now above its 200-day line and trading about 30% below its intraday high reached in November. Alibaba’s 9.8% quick-turnover pop put the shares back above their 10-day line. The stock is still trading below its 50-day and 200-day lines, however, which recently crossed in a bearish manner. Alibaba is trading 29% below its 52-week high. The Chinese e-commerce giant disclosed a 5.6% stake in Groupon ( GRPN ) on Friday, which has sent the discount deal provider’s shares skyrocketing 41%. Groupon reported better-than-expected quarterly earnings last Thursday. And search leader Baidu gapped up in fast trade early in the day, but the stock pared more than half of its gains and was up 4%. Shares are about 30% below their 52-week peak. Baidu is looking at an offer from two executives to buy its 80% stake in online video platform iQiyi in a deal valued at $2.8 billion.

Facebook And Amazon Lead 5 Top Tech Stocks On The Move

Loading the player… Let’s take a look at five standout tech stocks on IBD’s Stocks on the Move screen, which are trading in big volume: Facebook ( FB ),  Amazon ( AMZN ), NetEase ( NTES ), Activision Blizzard ( ATVI ) and Cray ( CRAY ). Internet Giants On The Rise Facebook is on the IBD 50 list with a highest-possible IBD Composite Rating of 99. That means its shares outperform 99% of all stocks in the market as measured by fundamental and technical factors, including earnings and sales growth, profit margins, return on equity and relative share-price performance. The stock has tried to retake the 50-day line this week, but has yet to close above that level. It’s attempted to retake the line again today, but gains faded to just 0.1% near midday. Facebook is trading about 12% below its all-time high reached on Feb. 2. Amazon has a 71 Composite Rating. The stock has suffered since the e-commerce company missed quarterly earnings estimates late last month. Shares breached the 200-day line in the days following the report and continued lower. But Amazon is now on track for its third up-day in a row, climbing 1.6% Friday. Top Gaming Stocks Move In Different Directions NetEase earns a 99 Composite Rating. When the Chinese gaming company reports quarterly results on Feb. 24, analysts expect the bottom line to grow 30%. Shares jumped in quick turnover, retaking the 200-day line in intraday trade. But the stock pared its gains to just a 1% rise and fell back below that level. NetEase is trading 24% off of its high reached in late December. Activision has a 93 Composite Rating. The video game publisher missed quarterly earnings and sales estimates late Thursday and gave conservative guidance. Shares dropped below the 200-day line last week and got close to retaking that level in Thursday’s session. Today the stock plunged 9.5% in huge volume, hitting a five and a half month low in intraday trade. Activision is now trading 30% below its late December peak. Supercomputer Maker Stages Downside Reversal And Cray beat quarterly estimates late Thursday, but its guidance was light. The supercomputer maker staged a big downside reversal and fell back below its 50-day line, dropping almost 3%. It’s trading about 17% below its recent high. Cray has a Composite Rating of 95. Image provided by Shutterstock .

China Tech Stocks Hammered Again On Fears Of Slowdown

Turmoil in China stocks continued Thursday as a sharp devaluation of the yuan triggered a selloff in U.S.-traded China tech stocks for the second day this week. Among those taking hits, Alibaba (BABA), Baidu (BIDU) and Weibo (WB) shares were all down 6%, while NetEase (NTES) and JD.com (JD) were down 5% in afternoon trading on the stock market today. China’s CSI 300 Index, which tracks blue chip stocks on the Shanghai and Shenzhen markets, plunged