This afternoon, many of the leading Chinese internet stocks are coming under some distribution. Last night, China reported some economic data that was below analysts expectations. This tells us that the world's hottest economy could be cooling off. Any slowdown in China could be problematic for the global economy.
Sina Corp (NASDAQ:SINA) is a leading Chinese internet stock that started the session very strong. The stock traded as high as $80.80 a share at the…
Added by Bryan Leighton on March 12, 2012 at 3:53pm — No Comments
This afternoon, the major stock indexes are trading slightly lower on the trading day. Earlier today, the Dow Jones Industrial Average pierced the psychological 13,000 level. Since that high was made around the noon hour the markets have been slowly declining lower. Despite today’s shallow point decline in the major stock indexes there are still some technical sell offs worth noting.
The iShares Dow Jones Transportation ETF (NYSEARCA:IYT) is trading lower by…
Added by Bryan Leighton on February 21, 2012 at 4:04pm — No Comments
This morning, all of the leading Chinese internet stocks are declining lower. Baidu Inc (NASDAQ:BIDU) is considered the leading Chinese ADR in the market. Today, BIDU stock is trading lower by $2.83 a share. Short term traders should watch for intra-day support around the $137.00, and $135.00 levels. The daily chart is holding up fine for BIDU at the moment.
Some other leading Chinese internet stocks that are declining lower this morning include Netease.com Inc…
Added by Bryan Leighton on February 17, 2012 at 10:27am — No Comments
This morning, all of the leading Chinese ADR's are coming under sharp selling pressure. Sohu.com Inc (NASDAQ:SOHU); a leading the Chinese ADR, is trading down $9.43 to $53.62 a share. The company reported earning that were well below analyst expectations. Many investors are now thinking that other leading Chinese ADR's will report weaker than expected earnings going forward. SOHU stock will have intra-day support around the $52.75, and $48.90 levels.…Continue
Added by Bryan Leighton on February 6, 2012 at 10:20am — No Comments
As Facebook prepares to go public, anything in the social networking space has seen a monster increase in value. Stocks like Linkedin Corporation (NYSE:LNKD) are jumping today, trading at $76.45, +4.08 (+5.64%). In addition, Chinese social player Renren Inc. (NYSE:RENN) is trading at $5.63, +0.62 (+12.38%). While these stocks have already run higher and are no longer plays, it is interesting to think about other sympathy plays that may run. The key is to look for the extension to the social…Continue
Added by Bryan Leighton on February 2, 2012 at 12:45pm — No Comments
Since April 2011, the important and highly followed Shanghai Index (China) has been under selling pressure. This leading Asian stock index has lead the U.S. and global stock markets for the past five years. At this time, the Shanghai Index remains very weak despite investors near term focus being placed on the European markets.
Baidu Inc (NASDAQ:BIDU) is the leading Chinese ADR in the stock market at this time. This stock looks to be trading in the middle of a…
Added by Bryan Leighton on December 6, 2011 at 10:57am — No Comments
This morning, Sohu.com Inc (NASDAQ:SOHU) is trading sharply lower by $7.09 to $61.92 a share after reporting earnings. Many investors believe that China is beginning to slowdown, therefore, traders are watching this earnings season very closely to see if there are any clues of a weaker Chinese economy.
Other leading Chinese ADR's that are trading lower in sympathy to SOHU stock are Baidu Inc (NASDAQ:BIDU), Sina Corp (NASDAQ:SINA), Youku.com Inc (NYSE:YOKU), and…
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