Asian stocks fell, with a regional gauge retreating from a four-month high, as American lawmakers struggled over an accord to raise the U.S. debt limit and restore government operations.
LG Electronics Inc., the world�� No. 2 television maker that gets about 30 percent of sales in North America, slipped 0.9 percent in Seoul. Newcrest Mining Ltd. (NCM), Australia�� biggest gold producer, declined 3.9 percent as the bullion traded near a three-month low. OZ Minerals Ltd., a copper supplier, tumbled 8.1 percent in Sydney after reducing its production forecast.
The MSCI Asia Pacific excluding Japan Index dropped 0.3 percent to 471 as of 10:04 a.m. in Singapore, with about three shares falling for each that rose. Markets in Tokyo and Hong Kong are shut for holidays. With the U.S. borrowing authority set to lapse Oct. 17, Senate leaders in Washington sought a pact to avert a default and re-open the government.
��t�� a situation no one wants to be in, causing market volatility,��said Angus Gluskie, managing director at White Funds Management Ltd., where he helps oversee about $550 million ��he two political parties do need to reach an agreement. If there�� no deal by Thursday, markets will fall further. Investors are getting a little bit concerned on China after seeing a couple of weak data points.��
Top 5 Chemical Companies To Watch For 2015: DAQQ New Energy Corp.(DQ)
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon in China. The company sells its polysilicon to photovoltaic product manufacturers for use in the processing of ingots, wafers, cells and modules for solar power solutions. It also produces and sells mono-crystalline and multi-crystalline modules to photovoltaic system integrators and distributors in China and internationally under its Daqo brand. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy Corp. was founded in 2006 and is headquartered Wanzhou, the People?s Republic of China.
Advisors' Opinion:- [By Ali Berri]
In trading on Friday, energy shares were relative leaders, up on the day by about 0.42 percent. Meanwhile, top gainers in the sector included Daqo New Energy (NYSE: DQ), up 9.4 percent, and Goodrich Petroleum (NYSE: GDP), up 6.2 percent.
- [By Garrett Cook]
Energy shares dropped around 0.22 percent in today’s trading. Top decliners in the sector included Daqo New Energy (NYSE: DQ), PDC Energy (NASDAQ: PDCE), and YPF SA (NYSE: YPF).
10 Best China Stocks To Watch For 2014: Baidu Inc.(BIDU)
Baidu, Inc. provides Chinese and Japanese language Internet search services. Its search services enable users to find relevant information online, including Web pages, news, images, multimedia files, and blogs through the links provided on its Websites. The company also offers online community-based products and entertainment platforms; an instant messaging service; and a consumer-oriented e-commerce platform. In addition, it designs and delivers online marketing services and auction-based P4P services that enable its customers to reach users who search for information related to their products or services. The company serves online marketing customers consisting of small and medium sized enterprises, large domestic corporations, and Chinese divisions or subsidiaries of multinational corporations primarily operating in the medical, machinery, education, franchising, electronic products, e-commerce, ticketing, tourism, information technology, consumer products, real estate, entertainment, and financial services industries. It sells its online marketing services directly, as well as through its distribution network. The company was formerly known as Baidu.com, Inc. and changed its name to Baidu, Inc. in December 2008. Baidu, Inc. was founded in 2000 and is headquartered in Beijing, the People?s Republic of China.
Advisors' Opinion:- [By Kevin Chen]
Though the new search engine offers four seemingly simple searches -- across web, news, images, and maps -- Fool contributor Kevin Chen discusses three reasons why this move should frighten investors in Google� (NASDAQ: GOOG ) , Baidu� (NASDAQ: BIDU ) ,�and Qihoo� (NYSE: QIHU ) .�
- [By Rick Munarriz]
It's been a rough run for Baidu (NASDAQ: BIDU ) investors in recent months, but the stock did rally for a 13% pop last week.
China's leading search engine has come under fire after the surprising success of Qihoo 360's� (NYSE: QIHU ) �rival platform, which debuted last summer.
- [By Daniel Sparks]
With every uptick of the S&P 500, it's getting more difficult to find undervalued stocks to buy. Nevertheless, a few great businesses have been left behind amid the market's surge, particularly Apple (NASDAQ: AAPL ) and Baidu (NASDAQ: BIDU ) . Though both companies are definitely facing turbulence, a contrarian look reveals two excellent market leaders up for grabs at bargain prices.
- [By Brian Stoffel]
That's an understandable concern for investors, but it's one the company is slowly dealing with. For starters, both Google and Chinese search giant Baidu (NASDAQ: BIDU ) have reported that mobile searches are occurring largely in addition to already-established desktop searches. As fellow Fool Joe Tenebruso pointed out: "This is a key insight because many investors mistakenly believe that mobile search is cannibalizing the much more profitable desktop search business of these two Internet giants. However, both Baidu and Google said that this is not the case."�
10 Best China Stocks To Watch For 2014: KongZhong Corporation(KONG)
KongZhong Corporation, together with its subsidiaries, provides wireless interactive entertainment, media, and community services to mobile phone users in the People's Republic of China. It also involves in the development, distribution, and marketing of consumer wireless value-added services, including wireless application protocol, multimedia messaging services, short messaging services, interactive voice response services, and color ring back tones. In addition, it offers interactive entertainment services, such as mobile games, pictures, karaoke, electronic books, mobile phone personalization features, entertainment news, chat, and message boards; and through Kong.net offer news, community services, games, and other interactive media and entertainment services; and sells advertising space in the form of text-link, banner, and button advertisements. Further, the company develops and publishes mobile games, including downloadable mobile games and online mobile games cons isting of action, role-playing, and leisure games. As of December 31, 2009, it had a library of approximately 300 internally developed mobile games. Additionally, it develops online games; and provides consulting and technology services, as well as media and net book services. The company was formerly known as Communication Over The Air Inc. and changed its name to KongZhong Corporation in March 2004. KongZhong Corporation was founded in 2002 and is headquartered in Beijing, the People?s Republic of China
Advisors' Opinion:- [By Roberto Pedone]
One under-$10 wireless services player that looks poised for a big spike higher is KongZhong (KONG), which is a provider of WVAS and mobile games to mobile phone users and a wireless media company providing news, content, community and mobile advertising services through its wireless Internet sites in the PRC. This stock is off to a hot start in 2013, with shares up sharply by 53%.
If you take a look at the chart for KongZhong, you'll notice that this stock has been downtrending badly for the last two months, with shares plunging lower from its high of $14.92 to its recent low of $7.78 a share. During that downtrend, shares of KONG have been consistently making lower highs and lower lows, which is bearish technical price action. That move has now pushed shares of KONG into oversold territory, since its current relative strength index reading is 30.21. Shares of KONG are now starting to spike higher off its recent low of $7.78 a share and off its 200-day moving average of $7.95 a share. This spike could be signaling that the downside volatility for KONG is over in the short-term and the stock is ready to trend higher.
Traders should now look for long-biased trades in KONG if it manages to break out above some near-term overhead resistance at $8.50 a share with high volume. Look for a sustained move or close above that level with volume that hits near or above its three-month average action of 519,857 shares. If that breakout triggers soon, then KONG will set up to re-test or possibly take out its next major overhead resistance levels at $10 to its 50-day moving average at $11.33 a share.
Traders can look to buy KONG off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support at $7.78 a share. One can also buy KONG off strength once it takes out $8.50 a share with volume and then simply use a stop that sits a comfortable percentage from your entry point.
- [By Jake L'Ecuyer]
Top losers in the sector included China Unicom (Hong Kong) (NYSE: CHU), off 4.5 percent, and Kongzhong (NASDAQ: KONG), down 4.7 percent.
Top Headline
The Boeing Company (NYSE: BA) reported better-than-expected first-quarter profit. Boeing's quarterly profit declined to $965 million, or $1.28 per share, from a year-ago profit of $1.11 billion, or $1.44 per share. Its adjusted earnings surged to $1.76 per share compared to $1.73 per share. Its revenue climbed to $20.47 billion versus $18.89 billion. However, analysts were projecting earnings of $1.57 per share on revenue of $20.24 billion. For the full year, Boeing expects adjusted earnings of $7.15 to $7.35 per share. - [By Seth Jayson]
Calling all cash flows
When you are trying to buy the market's best stocks, it's worth checking up on your companies' free cash flow once a quarter or so, to see whether it bears any relationship to the net income in the headlines. That's what we do with this series. Today, we're checking in on Kongzhong (Nasdaq: KONG ) , whose recent revenue and earnings are plotted below.
10 Best China Stocks To Watch For 2014: New Oriental Education & Technology Group Inc.(EDU)
New Oriental Education & Technology Group Inc. provides private educational services primarily in the People?s Republic of China. It offers a range of educational programs, services, and products consisting primarily of English and other foreign language training; test preparation courses for admissions and assessment tests; primary and secondary school education; development and distribution of educational content; software and other technology; and online education. The company?s language training courses primarily consist of various types of English language training courses, and other foreign languages, including German, Japanese, French, Korean, and Spanish. It offers test preparation courses for language and entrance exams used by educational institutions in the United States, the People?s Republic of China, and commonwealth countries. The company also operates primary and secondary schools in Yangzhou. In addition, New Oriental Education & Technology Group Inc. deve lops and edits content for educational materials for language training and test preparation, such as books, software, CD-ROMs, magazines, and other periodicals. It distributes these materials through various distribution channels consisting of own classrooms and bookstores, as well as third-party distributors. Further, the company offers various online education programs on its Web site, koolearn.com. Additionally, it provides consulting services to help students through the application and admission process for overseas educational institutions, as well as post-secondary educational programs to help students seek career opportunities; and operates two pre-schools. The company offers educational services under the ?New Oriental? brand name. As of May 31, 2010, it offered education programs, services, and products through a network of 48 schools, 319 learning centers, and 25 bookstores. The company was founded in 1993 and is headquartered in Beijing, the People?s Republic of China.
Advisors' Opinion:- [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of New Oriental Education & Technology Group (NYSE: EDU) were 9.62 percent to $23.48 after the company reported FQ3 results. New Oriental's quarterly net income surged 50.2% y/y to US$42.1 million versus US$28.0 million. - [By Seth Jayson]
New Oriental Education & Technology Group (NYSE: EDU ) reported earnings on April 24. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Feb. 28 (Q3), New Oriental Education & Technology Group met expectations on revenues and beat expectations on earnings per share. - [By Jake L'Ecuyer]
Equities Trading DOWN
Shares of New Oriental Education & Technology Group (NYSE: EDU) were 8.55 percent to $23.76 after the company reported FQ3 results. New Oriental's quarterly net income surged 50.2% y/y to US$42.1 million versus US$28.0 million. - [By Belinda Cao]
New Oriental Education & Technology Group Inc. (EDU), China�� largest private educational company, fell 11 percent last week to a one-month low of $16.07. Oppenheimer & Co. analyst Ella Ji said April 2 that students may avoid large gatherings because of the flu, impacting New Oriental.
10 Best China Stocks To Watch For 2014: China Telecom Corp Ltd (CHA)
China Telecom Corporation Limited, together with its subsidiaries, provides wireline and mobile telecommunications services in the People's Republic of China. The company?s services include wireline voice, mobile voice, Internet, managed data and leased line, value-added services, integrated information application services, and other related services, as well as prepaid calling cards. Its wireline voice services include local wireline services, domestic long distance wireline services, and international long distance wireline services. The company's mobile voice services comprise local calls, domestic long distance calls, international long distance calls, intra-provincial roaming, inter-provincial roaming, and international roaming. Its Internet access services consist of wireline Internet access services, including dial-up and broadband services, and wireless Internet access services. The company's integrated information application services include Best Tone services, which provide customers with phone number storage, enquiry, and call transfer services; and information technology-based integrated solutions, such as system integration, outsourcing, special advisory, information application, knowledge services, and software development. Its managed data and leased line services consist of services relating to optic fiber and circuits, such as optic fiber and circuit leasing, virtual private network, and bandwidth leasing. The company also offers other services, such as sales, rental, repairs, and maintenance of equipment; and provides consulting services, and e-commerce and booking services, as well as in the sale of telecommunications terminals. It serves government, enterprise, and residential customers. The company was founded in 2002 and is based in Beijing, the People's Republic of China. China Telecom Corporation Limited is a subsidiary of China Telecommunications Corporation.
Advisors' Opinion:- [By Doug Young]
I've been writing about the VNO development for awhile now, as it's really quite exciting with the potential to instantly triple the number of telecoms service providers in the market from the current three to a new field of 8-9 operators. Equally important, most of those new operators, which would lease network capacity from the existing three telcos, are private sector firms. That means they should be much more nimble and innovative than the current monopoly of three big state-run companies, China Mobile, China Unicom (CHU) and China Telecom (CHA).
- [By Jim Jubak]
In the longer run, China's move to 4G��rom the current homegrown 3G and 2G standards��ill lead to a huge increase in highly lucrative data-heavy traffic for China Mobile (CHL), China's biggest operator, with 740 million subscribers, and, to a lesser degree, for smaller rivals China Unicom (CHU) and China Telecom (CHA). But that growth in traffic will come only after China Mobile spends heavily��31 billion in 2014��o upgrade its network. That's about what China Mobile will spend in 2013, and a 50% increase in capital spending over its five-year average.
- [By Evan Niu, CFA]
While China Mobile has never officially offered the device, the two smaller carriers do. China Unicom (NYSE: CHU ) was the first Chinese iPhone carrier in 2009, and China Telecom (NYSE: CHA ) followed suit in 2012. China Unicom and China Telecom have been consistently chipping away at China Mobile's lead in the lucrative market for 3G subscribers, a trend that has widely been attributable in part to the iPhone.
10 Best China Stocks To Watch For 2014: LDK Solar Co. Ltd.(LDK)
LDK Solar Co., Ltd., together with its subsidiaries, engages in the design, development, manufacture, and marketing of photovoltaic (PV) products; and development of power plant projects. It offers solar-grade and semiconductor-grade polysilicon; and multicrystalline and monocrystalline solar wafers to the manufacturers of solar cells and solar modules. The company also provides wafer processing services to monocrystalline and multicrystalline solar cell and module manufacturers; and sells silicon materials, such as ingots and polysilicon scraps. In addition, it engages in the production and sale of solar cells and modules to developers, distributors, and system integrators; and design and development of solar power projects in Europe, the United States, and China, as well as provides engineering, procurement, and construction services. LDK Solar Co., Ltd. operates in Europe, the Asia Pacific, and North America. The company was founded in 2005 and is based in Xinyu City, t he People?s Republic of China.
Advisors' Opinion:- [By Travis Hoium]
But all of these positives couldn't help LDK Solar (NYSE: LDK ) post decent numbers, and the company continues to slip closer and closer to bankruptcy. First-quarter sales were just $104.3 million, which isn't even double the quarterly interest expense of $58 million, and net loss was $187.1 million.�
- [By Travis Hoium]
LDK Solar (NYSE: LDK ) is on the brink of failure after another terrible performance in the first quarter. The company is paying more than half of its revenue in interest payments and is begging creditors to refinance debt so that it can stay alive. For equity investors there is little upside given the company's high debt load and massive losses. Fool.com contributor Travis Hoium weighs in on LDK's situation.
10 Best China Stocks To Watch For 2014: Changyou.com Limited(CYOU)
Changyou.com Limited develops and operates online games in the People?s Republic of China. It involves in the development, operation, and licensing of massively multi-player online role-playing games (MMORPGs), which are interactive online games that might be played simultaneously by various game players. The company operates seven MMORPGs that include its in house developed Tian Long Ba Bu; and licensed Blade Online, Blade Hero 2, Da Hua Shui Hu, Zhong Hua Ying Xiong, Immortal Faith, and San Jie Qi Yuan. As of December 31, 2010, Changyou?s games in China had approximately 111.4 million aggregate registered accounts; 1.0 million aggregate peak concurrent users; and 2.7 million aggregate active paying accounts. The company was founded in 2003 and is based in Beijing, the People?s Republic of China. Changyou.com Limited is a subsidiary of Sohu.com Inc.
Advisors' Opinion:- [By Seth Jayson]
Changyou.com (Nasdaq: CYOU ) is expected to report Q2 earnings on July 29. Here's what Wall Street wants to see:
The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Changyou.com's revenues will increase 24.3% and EPS will expand 1.5%.
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