Just before the closing bell, JPMorgan Chase (NYSE: JPM ) is down 0.30% on the day but up 5.35% so far on the week. It's been a weird two weeks, but don't expect much less weirdness anytime soon.
Central-banker mania
Two Wednesdays ago, the Federal Reserve made public its plans to wind down quantitative easing, the central bank's easy-money policy that most recently took the form of $85 billion in monthly bond purchases. And while chairman Ben Bernanke made it very clear that the wind-down would not take place unless positive U.S. economic data continued to flow in, investors freaked out anyway, sending U.S. and global equity markets plunging last Thursday and Friday.
Over on the other side of the world, China's central bank discovered the power of the spoken word, as well. As fears of a credit crunch in the Chinese economy grew after a government crackdown on shadow banking, China's central bank at first said it was content with the current level of liquidity in the system. But after that led to even more freaking out, the People's Bank of China quickly reversed itself, saying it would backstop any banks experiencing a cash shortfall.
5 Best Sliver Stocks To Own Right Now: Bitauto Holdings Limited (BITA)
Bitauto Holdings Limited provides Internet content and marketing services for the automotive industry primarily in the People?s Republic of China. The company offers subscription services to new automobile dealers that enable them to list pricing and promotional information on its bitauto.com Website and partner Websites, and to interact with consumers through its virtual call center, as well as provides advertising service to dealers and automakers on its bitauto.com Website. It also offers listing services to used automobile dealers, which enable them to display used automobile inventory information through its ucar.cn Website and partner Websites; and advertising services to used automobile dealers and automakers with certified pre-owned automobile programs on its ucar.cn Website. In addition, the company provides digital marketing solutions, including Website creation and maintenance, online public relationship, online marketing campaigns, and advertising agent service s. Bitauto Holdings Limited was founded in 2000 and is headquartered in Beijing, the People?s Republic of China.
Advisors' Opinion:- [By MONEYMORNING.COM]
At the time, I was convinced Bitauto Holdings Ltd. (NYSE ADR: BITA), which offers e-commerce and marketing services to China's auto market, offered savvy tech investors the chance for massive gains in relatively short order. Here's how I described Bitauto to Bill:
- [By Jake L'Ecuyer]
Tech sector was the leading decliner in the US market today. Among the sector stocks, Bitauto Holdings (NYSE: BITA) was down more than 8.6 percent, while Ku6 Media Co (NASDAQ: KUTV) tumbled around 8.4 percent.
Hot China Stocks To Invest In Right Now: NetQin Mobile Inc. (NQ)
NetQin Mobile Inc. operates as a software-as-a-service provider of consumer-centric mobile Internet services focusing on security and productivity in the People?s Republic of China and internationally. It provides a suite of mobile Internet services that protect mobile users from security threats and enhance their productivity. It offers mobile security services, including mobile malware scanning, Internet firewall, account and communication safety, anti-theft, performance optimization, hostile software rating and reporting, and other services to protect users from mobile malware threats, data theft, and privacy intrusion. The company also provides mobile productivity services comprising screening incoming calls, filtering unwanted spam, SMS messages, protecting communication privacy, and managing calendar activities, as well as cloud-side synchronization of personal data, including address books, text messages, and calendars to enhance time and relationship management. In addition, it provides personalized intelligent cloud services that utilize synchronized user information to provide tailored user experience and extend the functionalities of its core services. Further, the company offers security forums and download services for third-party mobile applications. The company was founded in 2005 and is based in Beijing, the People?s Republic of China.
Advisors' Opinion:- [By Wallace Witkowski]
U.S. shares of NQ Mobile Inc. (NQ) �fell 7.9% to $14.72 on moderate volume after the mobile Internet services company reported adjusted fourth-quarter earnings of 22 cents a share on revenue of $67.9 million. Two analysts who follow the company forecast an average of 23 cents a share on revenue of $62.8 million, according to FactSet. NQ expects $75 million to $76 million in revenue in the first quarter, while analysts had expected an average of $66.8 million.
- [By MONEYMORNING]
It is tempting to chase a pure mobile security company like NQ Mobile Inc. (NYSE ADR: NQ) - which soared as high as 153% after our Private Briefing service recommended it - but it is important to remember that online computing is still the primary source of communications and ecommerce today. Mainstream players in online security will make the full transition and adopt greater mobile products as the fundamentals justify that shift.
Hot China Stocks To Invest In Right Now: eLong Inc.(LONG)
eLong, Inc. operates as an online travel service provider in the People?s Republic of China. The company provides its customers with travel information and the ability to book rooms, air tickets, vacation packages, and other travel related services utilizing call center and Web-based distribution technologies. It facilitates the customers to book rooms in approximately 10,000 hotels in 450 cities across China, and fulfills air ticket reservations in approximately 80 cities across China. In addition, the company offers the ability to book rooms at approximately 100,000 hotels outside of China; and provides the customers informative content relevant to hotel and air travel decisions, including tourist and event site destination information, hotel facility information, and photos. eLong markets its services through online marketing, traditional media advertising, co-marketing with established brands of other companies, and direct marketing. The company was founded in 1999 and is headquartered in Beijing, the People?s Republic of China. eLong, Inc. operates as a subsidiary of Expedia Asia Pacific Limited.
Advisors' Opinion:- [By Faisal Humayun]
Positive Clarification on eLong (LONG)
There were rumours in the recent past that Expedia is considering selling its 65% stake in eLong. On July 7, 2014, Expedia announced that the talk on selling the stake was indeed a rumour and Expedia remains a long-term investor in eLong to support eLong's drive to become the leading Chinese travel site.
- [By Tom Taulli]
Strong Portfolio: Expedia has massive scale, with supply from about 200,000 hotels, 300 airlines and various car rentals and cruise lines. And EXPE sites — which�include Hotwire.com, Hotels.com, CarRentals.com and more, on top of the Expedia namesake — get�about 50 million unique visitors every month. Plus, EXPE also owns a majority stake in eLong (LONG), which is the second largest online travel company in China.
Hot China Stocks To Invest In Right Now: Renesola Ltd.(SOL)
ReneSola Ltd, together with its subsidiaries, engages in the manufacture and sale of solar wafers and solar power products. It offers virgin polysilicons, monocrystalline and multicrystalline solar wafers, and photovoltaic cells and modules. The company also provides cell and module processing services. Its products are used in a range of residential, commercial, industrial, and other solar power generation systems. The company sells its solar wafers primarily to solar cell and module manufacturers. It principally operates in Mainland China, Singapore, Taiwan, Hong Kong, Korea, India, Australia, Germany, Italy, Spain, Belgium, France, the Czech Republic, and the United States. The company was founded in 2003 and is based in Jiashan, the People?s Republic of China.
Advisors' Opinion:- [By Dan Caplinger]
But Trina gave a troubling update to its quarterly guidance a couple weeks ago, saying that it shipped 390-400 megawatts of solar modules during the quarter, down from its original 420-430 megawatt estimate. With gross margins of just 1% to 3%, Trina isn't faring as badly as peer ReneSola (NYSE: SOL ) , which posted negative gross margins in its quarterly report earlier this month. Yet Trina still isn't making enough money to come close to profitability in the near future.
- [By John Kell var popups = dojo.query(".socialByline .popC"); popups.forEach(func]
ReneSola Ltd.(SOL) said it is being probed as part of the U.S. Department of Commerce’s antidumping investigation of solar products imports. The Chinese solar-products company said it has temporarily stopped shipping products to the U.S. that fall within the scope of the probe and it intends to fully cooperate with the investigation proceedings. Shares dropped 3.6% to $3.78 premarket.
- [By Claudia Assis]
Top gainers in the solar sector included SolarCity Corp. (SCTY) , with shares up 0.8%. U.S.-listed shares of ReneSola Ltd. (SOL) �rose 3.1%.
Hot China Stocks To Invest In Right Now: Ctrip.com International Ltd.(CTRP)
Ctrip.com International, Ltd., together with its subsidiaries, provides travel services for hotel accommodations, airline tickets, and packaged tours in the People?s Republic of China. It also sells independent leisure travelers bundled package-tour products, which include transportation and accommodation, as well as guided tours covering various domestic and international destinations. In addition, the company offers Internet-related advertising, aviation casualty insurance, and air-ticket delivery services. Further, it sells Property Management System, a hotel information software; travel guidebooks, which provide information for independent travelers; and VIP membership cards that allow cardholders to receive discounts from various restaurants, clubs, and bars. The company was founded in 1999 and is headquartered in Shanghai, the People?s Republic of China.
Advisors' Opinion:- [By Victor Selva]
The company has a current ratio of 10.85% which is higher than the ones registered by E-Commerce China Dangdang, Vipshop Holdings Limited, Asure Software, Inc. and Monster Worldwide, Inc. But for investors looking for a higher ROE, Bitauto Holdings and Ctrip.com International, Ltd. (CTRP) could be better options.
- [By Shareholders Unite]
The Chinese travel agency Ctrip (CTRP) has been one of our best performers in the past 12 months. The shares more than tripled since we first suggested a buy at $13.69 almost exactly a year ago.
- [By Brian Pacampara]
What: Shares of Chinese travel website Ctrip.com International (NASDAQ: CTRP ) surged 19% today after its quarterly results and outlook topped Wall Street expectations. �
Hot China Stocks To Invest In Right Now: Raptor Pharmaceutical Corp.(RPTP)
Raptor Pharmaceuticals Corp. operates as a biotechnology company in the United States. The company is dedicated to speeding the delivery of new treatment options to patients by working to improve existing therapeutics through the application of highly specialized drug targeting platforms and formulation expertise. Its clinical stage development products include DR Cysteamine, which is in phase IIb for the treatment of cystinosis; phase IIa for the non-alcoholic steatohepatitis; and phase II for the treatment of Huntington?s disease. Raptor?s clinical-stage products also include Convivia that is in Phase IIa stage for the potential management of acetaldehyde toxicity due to alcohol consumption; and Tezampanel and NGX 426, which completed phase I stage for the treatment of migraine and pain. Its preclinical product candidates comprise HepTide for the treatment of Hepatocellular Carcinoma and Hepatitis; WntTide for the treatment of breast cancer; NeuroTrans for the treatmen t of neurodegenerative diseases; and Tezampanel and NGX 426 for the treatment of Thrombosis and Spasticity Disorder. Raptor Pharmaceuticals Corp. is headquartered in Novato, California.
Advisors' Opinion:- [By Jake L'Ecuyer]
Equities Trading UP
Raptor Pharmaceuticals (NASDAQ: RPTP) shot up 16.62 percent to $17.40 after the company announced positive clinical results with RP103 in Huntington's disease Phase 2/3 trial.
Hot China Stocks To Invest In Right Now: AsiaInfo-Linkage Inc.(ASIA)
AsiaInfo-Linkage, Inc. provides telecommunications software solutions and information technology (IT) products and services to telecommunications carriers and other enterprises in the People?s Republic of China. The company offers business and operation support systems product suites, including OpenBilling, a billing solution for telecommunications operators; OpenCRM, a CRM solution suite for telecommunications operators; OpenBOSS, a carrier-class business operation support system solution; OpenBI, a carrier-class operating analysis and decision support system platform; OpenPRM, a system that calculates, manages, and reconciles payment for intercarrier network access. It also provides network management solutions comprising NetXpert, a data and Internet protocol network management solution; and OpenXpert, an integrated telecommunications network management system. In addition, the company offers service applications products, such as Mail Center, an online messaging softwa re; Spam Patrol software for real time anti-spam control; and Net Disk, a network hard disk product, which facilitates Internet-based file transfer, sharing, and management, as well as supports other functions, such as data processing of short message folders and synchronization of mobile devices. Its service applications products also include Internet Short Messaging Gateway, a business support platform for value-added short messaging services; and Device Management Platform that enables mobile operators to manage various mobile devices and perform remote mobile device management, such as remote diagnosis and parameter setup. In addition, it offers software enhancement and maintenance, system integration, and other value-added IT consulting and planning services. The company was formerly known as AsiaInfo Holdings, Inc. and changed its name to AsiaInfo-Linkage, Inc. in July 2010. AsiaInfo-Linkage, Inc. was founded in 1993 and is headquartered in Beijing, the People?s Republ ic of China.
Advisors' Opinion:- [By Jonathan Burgos]
��arkets are entering a period of uncertainty,��said Yoji Takeda, Hong Kong-based head of Asian equities at RBC Investment (Asia) Ltd., which oversees $1.5 billion. ��here�� a policy vacuum in Japan and the government isn�� going to come up with new policies until parliament resumes sessions in September. While the possible tapering of U.S. stimulus has been more or less priced in, people tend to be a little bit cautious until it happens.��
- [By Rajhkumar K Shaaw]
BNP Paribas Securities (Asia) Ltd., Macquarie Capital Securities (India) Pvt. and Ambit Capital Pvt. cut their Sensex targets as the Reserve Bank of India unexpectedly increased its benchmark interest rate to stem a record decline in the rupee and curb consumer prices in the world�� second-most populous nation. Strategists reduced their average profit estimate by 4.5 percent as higher borrowing costs threaten to worsen the slowest economic expansion since 2009.
- [By Bloomberg News]
��he prospects of Chinese equities are positive for the long-term, but near-term there are some execution risks with regard to implementing reforms,��said Teresa Chow, a Hong Kong-based money manager who helps oversee about $1.5 billion at RBC Investment (Asia) Ltd. ��ainland investors seem to have more reasonable expectations.��
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