The largest Chinese search engine, Baidu (NASDAQ: BIDU), has just announced that the company will acquire the online video business, PPStream, in a $370 million deal. The "Chinese Google" is seeking to become a competitor to the Chinese internet television company Youku Tudou (NYSE: YOKU) and is also attempting to fend off rising search engine star Qihoo 360 (NYSE: QIHU).
Will this acquisition help out Baidu, or is it simply more »
China’s largest search engine Baidu (NASDAQ: BIDU) has officially confirmed that it will be acquiring social video competitor PPS’s online video business for a sum of $370 million. Baidu will be merging PPS’s business with its recently acquired online video platform called iQiyi.com. This will result in making iQiyi China’s largest online video site in terms of number of mobile users and video viewing more »
The most popular small cap stocks (those with market capitalizations between $1 billion and $5 billion) among hedge funds generate an average excess return of 18 percentage points per year according to our research on 13F filings. We think that this is because institutional investors and the financial media pay less attention to smaller cap stocks, so hedge fund research teams are more likely to uncover an undervalued (or overvalued more »
The most popular small cap stocks (those with market capitalizations between $1 billion and $5 billion) among hedge funds generate an average excess return of 18 percentage points per year according to our research on 13F filings. We think that this is because institutional investors and the financial media pay less attention to smaller cap stocks, and so hedge fund research teams are more likely to uncover an undervalued (or more »
Hedge funds have been known to seek alpha in small- and mid-cap stocks, as their pricing is often less efficient due to poor coverage by analysts and the media. This arbitrage can be significant with lower-valuation stocks, oftentimes leading to considerable winnings by the funds that have done their due diligence. Based upon our analysis of many hedge funds’ small-cap holdings, we’ve compiled an impressive-performing list of stocks valued more »
Apple (NASDAQ: AAPL) is Brookside Capital's top stock pick. The tech stock makes up over 7.8% of the fund's 13F portfolio, according to its last quarterly filing with the SEC. Brookside - Bain Capital’s public equity fund - focuses on long/short positions and uses fundamental analysis to invest across all economic sectors (see Brookside Capital's favorite stock picks here).
After eclipsing the $700-mark in September 2012 more »
On a day when almost all stocks performed well, there were a few that shined above the rest. And in this article, I am looking at the best of the best, I am determining what moved the stocks, and lastly whether or not the catalyst could lead to additional gains.
- On Tuesday more »
It seems that over the last few weeks analysts have become more vocal with their opinions. These are people and firms who are providing their opinions regarding the outlook for both companies and the economy over the next year and beyond. However, these opinions often have meaning and have the ability to move individual stocks. With that being said, I am looking at several of the big calls on Tuesday more »
As the year comes to an end there are more and more investors becoming pessimistic that we will not find a solution to the fiscal cliff. As a result, the markets have begun to trade more volatile and will most likely trade lower as the date approaches. However, there are several stocks that might see a trend higher in the coming weeks. These are all stocks that had an upgrade more »
Youku (NYSE: YOKU), a popular Chinese online television company, has been working to clean up its reputation and offer licensed content in an attempt to draw advertising dollars from foreign and domestic companies. The company has faced struggles with piracy lawsuits, government censorship, and the state-owned media’s web expansion. In the most recent quarter Youku posted a significant loss due to an increase in operating expenses, but the extra more »
Investing in Chinese internet stocks has never been harder as convoluted partnerships, mergers, accounting scandals in other Chinese stock sectors, government crackdowns on content and a slowing Chinese economy have made what was already a difficult space to navigate like walking through a maze of towering bamboo. What you need is an intrepid guide to give you an overview.
A Guide To The Maze
First, you need to get the more »
Growing economies in Asia represent a massive new and relatively untapped customer base as many countries in the region, from Vietnam to Cambodia and China, are emerging from decades of isolation and beginning to fully re-integrate with the world economy. It is estimated that 800 million to 1 billion new consumers around the world will enter the middle class this decade, many of them in Asia. This new openness, coupled more »
JP Morgan recently started coverage on Chinese internet television company Youku (NYSE: YOKU). The firm currently views Youku as overweight and set a price target at $30. Morgan is bullish on a general shift in Chinese ad spending from TV to online video. Upcoming ad rate hikes, inventory expansions, a favorable content amortization schedule, and the achieving of quarterly profitability in 2013 are all viewed as positive catalysts.
Youku’s more »
Democratic and open societies, for all of their faults, always seem to be the ones producing the Google’s and the eBay’s and the Facebook’s (NASDAQ: FB) and the Microsoft’s. And China always seems to be the one following closely behind producing the clones. This begs the question whether China’s Great Firewall is really to protect the people from harmful websites, or whether it’s to more »
This week saw the announcement of the $4.5 billion all-share merger between China's two largest online video companies – Youku ADR (NYSE: YOKU) and Tudou ADR (NASDAQ: TUDO). The combined company will boast a 35.5% share of China's online video advertising market by revenues. Youku will be the name of the merged company and Youku's shareholders will have a controlling interest in the new company with more »
China is a huge country by almost any metric you choose. They’re the second largest economy, have the largest total population, the greatest number of cell phone users, internet users, and rank in the top 5 in terms of total landmass. What makes investing in China particularly interesting is the fact that its people are achieving greater and greater wealth across the board and the middle class is growing more »
If we’ve learned one thing from the dot-com bubble, it is that we’ve really learned very little. Sentiment, rumor, and in general, hype still tends to carry greater influence than cold hard facts, financial results, or even profits. When companies create their revenue through the internet or promise to start creating revenues somewhere in the future, the market sometimes regards this as a mystical process that does not more »
During the last several months analysts have become increasingly optimistic on the economy. Financial commentator Benjamin Shepard, for example, wrote, “I believe now is the time for investors to add risk to their portfolios by emphasizing more cyclical corners of the market.”
For the technology sector these kinds of views could be a sign that this industry is about to turn around. While some firms like Cisco (Nasdaq: CSCO) and more »