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Tag: Tencent Music Entertainment Group

  • Tencent Music Entertainment Group (TME) stock plunged in the current market trading session: here’s why

    Tencent Music Entertainment Group (TME) stock plunged in the current market trading session: here’s why

    Tencent Music Entertainment Group (TME) stock recently traded at $19.65 which is a 2.52% downward movement. The TME stock previously closed at $20.16.

    The US-China tension recently caused the Exchange Trade Funds to slump especially the ones that leaned towards the technology stocks. This is because of the new SEC policies. This has also affected TME stock.

    Insight on Tencent Music Entertainment Group’s business background

    Tencent Music Entertainment Group (TME) is an entertainment company that creates music streaming services for the market in China. It is operating in China’s most popular and innovative music streaming apps. This includes QQ Music, Kuwo Music, WeSing and Kugou Music. TME stock’s operational platform also comprises of online karaoke, online music and live streaming services enabling fans to engage with music and have an elevated role in the music platform.

    Releasing Stars and Wishes album on World Autism Awareness Day

    Tencent Music has recently elevated this role of music in people’s life launching a collaborative charity album on 2nd April 2021. Tencent collaborated with pop singer and TME Music Care Ambassador Chen Linong as well as a talented group of autistic children. There is a very encouraging association of autistic children with stars in China. This is why the album has been dubbed Stars and Wishes and was launched on the World Autism Awareness Day.

    TME stock has been releasing charity albums for four consecutive years since 2017 to 2020, for raising awareness and educational support for special needs groups. It also raises this awareness through the platform it knows the best and that is music; providing music therapy to show how music can heal and improve mental health.

    Announcement of $1 billion repurchase program

    As positive this news is for public image, media popularity, and even TME stock performance to an extent but that is not all Tencent Music has recently done. TME announced on 28th March 2021, that it had authorized a $1 billion share repurchase program. This program will have a time duration of 12 month. These $1 billion shares will be Class A ordinary shares in the form of American Depositary shares to be repurchased. This indicates that the Tencent Music’s Board is very confident and bold about its business outlook for the long term strategy.

    So how does the recent development project TME stock’s outlook?

    The repurchase program is a strong step taken by Tencent Music Group to create hype for TME stock in the long-term and especially to counter the fear of slumps in the ETF funds due to China-US tensions. In the last week of March, there was fear looming that SEC’s new adopted law called Holding Foreign Companies Accountable Act would delist Chinese Tech stocks. Due to which in the seven day period leading up to 26th March Friday closing, TME stock fell by 33.92%.

    Harding Loevner released its “International Equity” Q4 2020 investor letter on 1st April. They mentioned Tencent Music (TME) and stated it is being involved with the state-regulated Chinese banking system via their payment platforms. This can potentially cause Tencent to be entrenched in the vested interests of politically powerful and would then have to sign up their business models in the process.

  • Why Tencent Music Entertainment Group (TME) stock is falling today?

    Why Tencent Music Entertainment Group (TME) stock is falling today?

    Shares of Tencent Music Entertainment Group (TME) were low today amid the spread of a proposal by the Chinese government to establish a joint venture with local tech to access the consumer data. TME stock price saw a downtrend of 8.89% to reach $18.55 a share at the time of this writing. AT the previous trading session, TME stock was red with a 12.17% drop. Let’s deep dive to explore more the current scenarios.

    State-backed Company

    The Chinese government is planning to create a state-backed company along with its biggest eCommerce and online payment platforms in order to access the lucrative data of the consumers to tighten the grip over their activities on the internet. This step will help regulators in introducing regulatory laws in the tech world in the future. Companies like Alibaba Group Holding Ltd, ByteDance Ltd., and Meituan and Tencent Holdings Ltd were initially encouraged to support the government in this regard by sharing the consumer data from e-commerce to social media platforms.

    Financial View of TME stock

    On  March 22, 2021, TME stock announced its fourth quarter and full-year unaudited results of 2020 the summary of which is given below

    Total Revenues surged by 14.3%YoY to reach RMB8.34 billion in the fourth quarter of 2020. Online Music service revenues showed 29% growth in the fourth quarter of 2020  as compared to the same quarter of 2019 while revenues from subscriptions surged by 41.9% to reach RMB1.58 billion in the last three months of 2020. Overall revenue of the year 2020 totaled RMB29.15 billion representing a 14.6% increase over the year.TME generated  RMB25.43 billion in 2019.

    Conclusion

    Things are gloomy for TME stock as far as market sentiment is concerned. Tencent Music’s recent earnings report shows that TME stock has progressed over the year as it met the expectations of analysts for both sales and earnings. We saw a couple of fluctuations in the TME stock price this week as it soared after its earnings results and then happened to be down might be due to analyst downgrade and still continuing the bearish trend.

  • Market Movers: What changed for these 45 stocks while you were sleeping

    FuelCell Energy Inc. (FCEL) stock soared 7.34% to $4.02 in the pre-market trading. The most recent rating by JP Morgan, on October 08, 2020, is Overweight.

    Blink Charging Co. (NASDAQ: BLNK) shares are trading up 5.5% at $12.86 at the time of writing after the company introduction of its innovative Cable Management Solution for use with both new Blinks charging stations and retrofit installations of its IQ 200 charging stations. Blink’s 52-week range was noted as $1.25 to $14.58.

    Canaan Inc. (CAN) grew over 6.38% at $3.5 in pre-market trading today after the announced its third-quarter earnings results.

    Zomedica Pharmaceuticals Corp. (ZOM), a Drug Manufacturers – Specialty & Generic company, rose about 6.25% at $0.119 in pre-market trading Tuesday.

    American Resources Corporation (AREC) stock moved up 6.17 percent to $1.72 in the pre-market trading after the company announced that Mark Jensen, Chairman, and CEO of American Resources Corporation was chosen to attend the Proactive ONE2ONE Strategic Metals Supply Chain Investor Forum on Tuesday, November 10, 2020, at 1:00 PM ET.

    Li Auto Inc. (LI) gained over 6.78% at $37.96 in pre-market trading Tuesday 17 November 2020 after the company announced an upbeat Earnings result.

    Anworth Mortgage Asset Corporation (ANH) is up more than 5.42% at $2.14 in pre-market hours Tuesday 17 November 2020 after the announcement by the company that in accordance with the terms of Anworth’s 8.625% Series A Cumulative Preferred stock, the board of directors declared a Series A Preferred Stock dividend of $0.539063 per share for the fourth quarter of 2020. The stock had jumped over 11.54% to $2.03 in the last trading session.

    Before the trading started on 17 November 2020, Kandi Technologies Group Inc. (KNDI) is up 4.74% to reach $8.4 as the report arrives that it closed a registered direct offering of 9,404,392 units of its securities at a purchase price per Unit of $6.38, generating aggregate gross proceeds to the Company of approximately $60,000,000, before deducting fees to the placement agent and other estimated offering expenses payable by the Company. It has been trading in a 52-week range of $2.17 to $17.40.

    New Concept Energy Inc. (GBR) stock soared 16.48% to $2.12 in the pre-market trading following the announcement of the company’s Q3 2020, fiscal results.

    Vaxart Inc. (NASDAQ: VXRT) shares are trading up 7.36% at $5.98 at the time of writing. The company’s 52-week range was noted as $0.27 to $17.49 as the company said it is hosting a key opinion leader panel call for investors. Analysts have a consensus price target of $17.

    Platinum Group Metals Ltd. (PLG) grew over 3.54% at $2.05 in pre-market trading today.

    Muscle Maker Inc. (GRIL), a Restaurant company, rose about 2.94% at $2.1 in pre-market trading Tuesday after the company announced the launch of its online meal plan delivery service platform.

    Sasol Limited (SSL) stock moved up 3.73 percent to $7.51 in the pre-market trading after the company announced the beneficial operation of the Louisiana low-density polyethylene unit.

    Ocean Power Technologies Inc. (OPTT) gained over 2.23% at $1.83 in pre-market trading Tuesday 17 November 2020 after the company announced receipt of a DeepStar project award to study the deployment and operational requirements of utilizing OPT’s PB3 PowerBuoy to provide remotely controllable zero-carbon power for deepwater subsea oil production applications.

    Waitr Holdings Inc. (WTRH) is up more than 3.26% at $2.85 in pre-market hours Tuesday 17 November 2020 after the company earnings beat analysts’ expectations. The stock had jumped over 5.34% to $2.76 in the last trading session.

    Before the trading started on 17 November 2020, XPeng Inc. (XPEV) is up 6.33% to reach $46.89 after the company announced upbeat operating and financial results as a Public Company. It has been trading in a 52-week range of $17.11 to $51.27.

    Sequans Communications S.A. (SQNS) stock soared 15.84% to $5.34 in pre-market trading. The most recent rating by B. Riley FBR, on May 18, 2020, is a Buy.

    Live Oak Bancshares Inc. (NASDAQ: LOB) shares are trading up 3.51% at $46.89 at the time of writing. The company’s 52-week range was noted as $7.57 to $43.95. Analysts have a consensus price target of $42.

    Yunhong CTI Ltd. (CTIB) grew over 27.62% at $2.31 in pre-market trading today after the company announced production capacity expansion at its lake Barrington, Illinois facility to meet increased customer demand.
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    Neptune Wellness Solutions Inc. (NEPT), a Drug Manufacturers – Specialty & Generic company, rose about 15.71% at $2.21 in pre-market trading Tuesday after the firm received Over US$100 million in purchase orders.

    Gevo Inc. (GEVO) stock moved up 6.8 percent to $1.1 in the pre-market trading after the company posted Q3 results.

    So-Young International Inc. (SY) gained over 5.0% at $14.28 in pre-market trading Tuesday 17 November 2020 after the company said that it will report third-quarter 2020 financial results on November 25, 2020.

    Sequential Brands Group Inc. (SQBG) is up more than 41.84% at $10.0 in pre-market hours Tuesday 17 November 2020. The stock had jumped over 2.92% to $7.05 in the last trading session as the company announced its Q3, 2020 Earnings results.

    Before the trading started on 17 November 2020, MICT Inc. (MICT) is up 4.55% to reach $1.61. It has been trading in a 52-week range of $0.44 to $8.45.

    The Macerich Company (MAC) stock plunged -0.11% to $9.03 in the pre-market trading after the company’s announcement of its earnings results. The most recent rating by Morgan Stanley, on September 14, 2020, is an Underweight.

    Aphria Inc. (NASDAQ: APHA)c shares are trading down 0.0% at $5.8 at the time of writing after the company announced that its management will host a fireside chat discussion at the Jefferies Virtual London Healthcare Conference on Wednesday, November 18, 2020, at 9:05 a.m. ET. The company’s 52-week range was noted as $1.95 to $6.44.

    NIO Limited (NIO) grew over 3.23% at $47.05 in pre-market trading today as the company is set to announce its earnings results.

    BIO-key International Inc. (BKYI), a Security & Protection Services company, rose about 6.32% at $0.444 in pre-market trading Tuesday following the announcement of its quarterly earnings results.

    ObsEva SA (OBSV) stock moved up 6.64 percent to $2.25 in the pre-market trading as the company reported positive topline results of the PROLONG proof-of-concept trial of ebopiprant for treatment of preterm labor.

    Schrodinger Inc. (SDGR) gained over 5.29% at $61.9 in pre-market trading Tuesday 17 November 2020 as the company revealed third fiscal quarter results and business update.

    Lexicon Pharmaceuticals Inc. (LXRX) is up more than 51.16% at $1.95 in pre-market hours Tuesday 17 November 2020 after the company announced its participation in the Stifel 2020 Virtual Healthcare Conference on Wednesday, November 18, 2020. The stock had jumped over 1.57% to $1.29 in the last trading session.

    Before the trading started on 17 November 2020, JOYY Inc. (YY) is up 7.76% to reach $103.0 after the report that Baidu has acquired JOYY for $3.6 billion. It has been trading in a 52-week range of $41.33 to $104.17.

    Bristol-Myers Squibb Company (BMY) stock soared 2.82% to $66.32 in the pre-market trading after Bristol Myers Squibb offered a regulatory update on Lisocabtagene Maraleucel. The most recent rating by Societe Generale, on November 16, 2020, is a Buy.

    Phio Pharmaceuticals Corp. (NASDAQ: PHIO) shares are trading up 5.33% at $2.37 at the time of writing as the firm announced Q3 earnings results and business update. The company’s 52-week range was noted as $1.60 to $13.69. Analysts have a consensus price target of $4.

    PG&E Corporation (PCG) grew over 2.95% at $11.88 in pre-market trading today after the announcement made by the company that CEO Jeff Ramson will join a panel at the Virtual Fall Investor Summit taking place on November 16- 18, 2020.

    strong>Niu Technologies (NIU), an Auto Manufacturers company, rose about 4.52% at $34.47 in pre-market trading Tuesday.

    Avinger Inc. (AVGR) stock moved up 3.87 percent to $0.2789 in the pre-market trading after the company posted Q3 results.

    T-Mobile US Inc. (TMUS) gained over 3.23% at $132.8 in pre-market trading Tuesday 17 November 2020 after the report that Peter Osvaldik, executive vice president & chief financial officer, Neville Ray, president of technology, and Matt Staneff, executive vice president & chief marketing officer of T-Mobile US, Inc. (NASDAQ: TMUS), will present and provide a business update on Thursday, November 19, 2020, at 1:20 p.m. Eastern Time (ET) at the Morgan Stanley European Technology, Media & Telecom Conference.

    Tesla Inc. (TSLA) is up more than 12.45% at $458.9 in pre-market hours Tuesday 17 November 2020 after a report of the company joining the S&P 500. The stock had dropped over -0.10% to $408.09 in the last trading session.

    Before the trading started on 17 November 2020, CHF Solutions Inc. (CHFS) is up 2.31% to reach $6.2 as the company announced a 52% rise in Revenue in the earnings report. It has been trading in a 52-week range of $5.80 to $38.70.

    Aerie Pharmaceuticals Inc. (AERI) stock soared 3.94% to $13.46 in the pre-market trading after the company received positive CHMP opinion for roclanda in the European Union. The most recent rating by BofA Securities, on October 19, 2020, is an Underperform.

    Venus Concept Inc. (NASDAQ: VERO) shares are trading up 5.31% at $2.18 at the time of writing as the company revealed its Q3 results and business update. The company’s 52-week range was noted as $2.02 to $9.00. Analysts have a consensus price target of $6.

    Qudian Inc. (QD) grew over 2.6% at $1.58 in pre-market trading today.

    Celsion Corporation (CLSN), a Biotechnology company, rose about 3.77% at $0.55 in pre-market trading Tuesday as the company revealed its quarterly Earnings report.

    Tencent Music Entertainment Group (TME) stock moved up 2.98 percent to $16.58 in the pre-market trading.

    Net Element Inc. (NETE) is up more than 3.27% at $7.59 in pre-market hours Tuesday 17 November 2020 as the company reported its Q3 earnings results. The stock had dropped over -3.92% to $7.35 in the last trading session.

  • 7 Best Stocks In Internet Content Information Industry

    The Internet Content Information Industry is engaged in providing the information to the people they are looking for on the internet. More than 4.5 billion people around the world are using the internet. Some users are looking for necessary information, some are using social media apps for entertainment and some people are earning money through this industry.

    This industry is generating revenue in two ways. Some companies in this industry are demanding charges for their content and some provide free content to the users. This industry also comes in the technology sector. The challenges are not unique, every industry experience challenges as it becomes more mature. The Internet content industry is also facing new challenges as more and more people are turning towards this industry.

    Here are the top 7 booming stocks in the internet content and information industry that are good choice right now:

    Twitter Inc. (NYSE: TWTR)

    Twitter Inc. (NYSE: TWTR) shares were trading down -4.57% at $39.47 at the time of writing on Monday. Twitter Inc. (NYSE: TWTR) share price went from a low point around $20.00 to briefly over $52.93 in the past 52 weeks, though shares have since pulled back to $39.47. TWTR market cap has remained high, hitting $39.57B at the time of writing, giving it a price-to-sales ratio of more than 10.

    Twitter Inc. (TWTR) CEO Jack Dorsey has gathered praise from activists. Twitter hide the Trump tweet attacking the Supreme Court’s decision on Pennsylvania ballots. If we look at the recent analyst rating TWTR, Pivotal Research Group reiterated coverage on TWTR shares with a Buy rating and a $40.99 price target, which implies room for 1.52% upside momentum this year.

    Pinterest Inc. (PINS)

    Pinterest Inc. (PINS) stock drop by -0.97% to $58.38. The most recent rating by MKM Partners, on October 29, 2020, is at a Buy. Pinterest Inc. (PINS) has earlier announced the financial results of the third quarter of 2020. It has reported Q3 revenue of $443 million, experiencing a 58% year over year increase. Its Global Monthly Active Users (MAUs) rose 37% year over year to 442 million.

    Facebook Inc. (NASDAQ: FB)

    Facebook Inc. (NASDAQ: FB) shares headed falling, lower as much as -0.67%. The most recent rating by Monness Crespi & Hardt, on October 30, 2020, is at a Buy. Facebook Inc. (FB) has revealed that it has experienced a better-than-projected increase in third-quarter revenue, representing a major advertiser boycott had a limited impact against the backdrop of a broader revival of spending on digital marketing.

    Tencent Music Entertainment Group (NYSE: TME)

    Tencent Music Entertainment Group (NYSE: TME) fall -0.87% after losing more than -$0.13 on Monday. Tencent Music Entertainment Group (TME) has announced today that it has signed an exclusive licensing deal with peermusic. Users of TME will be able to access the catalog through TME’s streaming platform and other local digital platforms, which include QQ Music, Kugou Music, Kuwo Music, and WeSing.

    iQIYI Inc. (NASDAQ: IQ)

    iQIYI Inc. (NASDAQ: IQ) last closed at $25.19, in a 52-week range of $14.51 to $27.50. Analysts have a consensus price target of $23.15. iQIYI Inc. (IQ) disclosed earlier that its original series The Bad Kids won the “Best Creative” award at the 2nd Asia Contents Awards. The Awards is organized by the 2020 Busan International Film Festival was held in Busan, South Korea on October 25.

    ANGI Homeservices Inc. (NASDAQ: ANGI)

    ANGI Homeservices Inc. (NASDAQ: ANGI) stock soar by 3.11% to $10.93. The most recent rating by Credit Suisse, on October 29, 2020, is at an Outperform. ANGI Homeservices Inc. (ANGI) disclosed earlier that it is scheduled to announce its third-quarter results on November 6, 2020.

    Snap Inc. (NYSE: SNAP)

    Snap Inc. (NYSE: SNAP) last closed at $40.79, in a 52-week range of $7.89 to $44.18. Analysts have a consensus price target of $38.91. Snap Inc. (SNAP) has moved up 416.98% from its 52-weeks low and moved down -7.67% from its 52-weeks high. Looking at its liquidity, this company has a current ratio of 5.40. SNAP market cap has remained high, hitting $65.14B at the time of writing.

     

  • Top 12 Internet Content & Information Industry Stocks You Can’t Ignore In 2020

    Top 12 Internet Content & Information Industry Stocks You Can’t Ignore In 2020

    Internet Content Industry‘s main goal is to provide people with the necessary information they are looking for. This industry is continuously adopting new technological changes and changing its standards. Content has been available online ever since the early days of the Internet. But this industry is entering into a new era of growth. This industry is earning revenue in two ways. Some provide free content and charge for selling advertisements at their site. And other demand charges for their content.

    More than 4.5 billion people now used the internet around the globe. And nearly 60% population of the world is already online. The major challenge of this industry is to provide people authentic information and must ensure that everyone around the world has fair and equal access to all the content and information they are looking for on the internet.

    Check out these 12 companies in the Internet Content & Information Industry to see how these companies are providing the necessary information to people around the globe:

    Uxin Limited (NASDAQ: UXIN)

    Uxin Limited (NASDAQ: UXIN) shares were trading down -5.04% at $1.13 at the time of writing on Tuesday. Uxin Limited (NASDAQ: UXIN) share price went from a low point around $0.72 to briefly over $3.80 in the past 52 weeks, though shares have since pulled back to $1.13. UXIN market cap has remained high, hitting $334.37M at the time of writing, giving it a price-to-sales ratio of more than 2.

    Uxin Limited (UXIN) disclosed that it has separately signed a definitive agreement with two investors. As per the agreement, Uxin will issue and sell an aggregate of 84,692,839 Class A ordinary shares to these investors through private placements for an aggregate purchase price of approximately US$25,000,000. If we look at the recent analyst rating UXIN, JP Morgan downgraded coverage on UXIN shares with a Neutral rating.

    Pinterest Inc. (NYSE: PINS)

    Pinterest Inc. (NYSE: PINS) shares headed falling, lower as much as -1.09% after Pinterest has announced that it has appointed Salaam Coleman Smith to Board of Directors. Salaam Coleman Smith is the former Executive Vice President of Programming and Strategy at Disney’s ABC Family and Freeform and former President of Comcast NBCUniversal’s Style Media. The most recent rating by Guggenheim, on September 28, 2020, is at a Buy.

    Snap Inc. (NYSE: SNAP)

    Snap Inc. (NYSE: SNAP) last closed at $28.45, in a 52-week range of $7.89 to $29.08. Snap Inc. has announced the Third Quarter 2020 Financial Results. Analysts have a consensus price target of $26.87. Snap Inc. (SNAP) has reported that the Operating cash flow improved by $21 million to $(55) million in Q3 2020, compared to the prior year, and the Free Cash Flow improved by $15 million to $(70) million in Q3 2020, compared to the prior year.

    Facebook Inc. (NASDAQ: FB)

    Facebook Inc. (NASDAQ: FB) stock soar by 2.36% to $267.56. The most recent rating by MoffettNathanson, on September 29, 2020, is at a Buy. It has revealed that Facebook Inc. (FB) has started to test a Nextdoor clone, Neighborhoods, which suggests Facebook-generated Neighborhood groups local to you to join to connect with people, activities, and things being sold in the area.

    Twitter Inc. (NYSE: TWTR)

    Twitter Inc. (NYSE: TWTR) rose 1.16% after gaining more than $0.53 on Tuesday. Twitter Inc. (TWTR) has announced a few days ago that it has decided to change its Hacked Materials Policy against a controversial article that included potentially damaging allegations against U.S. presidential candidate Joe Biden.

    DouYu International Holdings Limited (DOYU)

    DouYu International Holdings Limited (DOYU) last closed at $15.18, in a 52-week range of $6.11 to $17.85. Analysts have a consensus price target of $16.28. Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, has earlier started an investigation into whether the board members of DouYu International Holdings Limited (DOYU) breached their fiduciary duties or violated the federal securities laws in connection with the company’s merger with HUYA Inc.

    Tencent Music Entertainment Group (NYSE: TME)

    Tencent Music Entertainment Group (NYSE: TME) stock drop by -0.99% to $14.01. The most recent rating by Needham, on September 24, 2020, is at a Buy. Tencent Music Entertainment Group (TME) has announced its partnership with World Wide Fund for Nature (WWF) and Beijing Youcishan Culture Media Co. Ltd to launch a music and art exhibition, dubbed “All Creation: Encounter with Animals”, at Beijing’s UCCA Center for Contemporary Art.

    Yandex N.V. (NASDAQ: YNDX)

    Yandex N.V. (NASDAQ: YNDX) shares headed falling, lower as much as -1.44%. The most recent rating by BofA Securities, on September 23, 2020, is at a Neutral. Yandex N.V. (YNDX) has announced that it has scheduled to share the financial results for the quarter ended September 30, 2020, on Wednesday, October 28, 2020.

    Twilio Inc. (NYSE: TWLO)

    Twilio Inc. (NYSE: TWLO) fall -6.13% after losing more than -$20.21 on Tuesday. Twilio Inc. (TWLO) has earlier revealed that it has entered into a definitive agreement to acquire Segment for approximately $3.2 billion in Twilio Class A common stock, on a fully diluted and cash-free, debt-free basis. The transaction is expected to close in the fourth quarter of 2020.

    iQIYI Inc. (NASDAQ: IQ)

    iQIYI Inc. (NASDAQ: IQ) last closed at $22.51, in a 52-week range of $14.51 to $27.50. Analysts have a consensus price target of $23.09. iQIYI Inc. (IQ) has earlier revealed that its paper on face recognition and detection technology of cartoon characters, titled Cartoon Face Recognition: A Benchmark Dataset, has been accepted by the Association for Computing Machinery (ACM)’s annual conference on multimedia.

    Zillow Group Inc. (Z)

    Zillow Group Inc. (Z) stock drop by -0.02% to $98.43 after Zillow Group has earlier announced that it is scheduled to release Third Quarter 2020 Results on Nov. 5. The most recent rating by Standpoint Research, on August 03, 2020, is at a Hold. Previously, Zillow Group Inc. (Z) revealed that it is simplifying multifamily advertising with nationwide availability of four-tiered Rent Connect marketing packages.

    NetEase Inc. (NASDAQ: NTES)

    NetEase Inc. (NASDAQ: NTES) Shares headed rising, higher as much as 1.17%. The most recent rating by Daiwa Securities, on August 14, 2020, is at a Buy. NetEase Inc. (NTES) revealed today that China’s most prestigious liquor brand, Kweichow Moutai, is now available for sale on its e-commerce platform operated by its subsidiary NetEase Yanxuan. It is marking significant progress of a strategic partnership revealed by the two companies recently.

     

  • Top 20 Stocks That Can Be A Good Buys In Content & Information Industry

    Top 20 Stocks That Can Be A Good Buys In Content & Information Industry

    The Internet is considered to be the main source of information and it plays a very important role in the daily routines of people. The Internet content industry includes the providers of personal services, staffing, and outsourcing services. Companies in the internet industry are operating in a highly competitive environment. They need to keep pace with new technological advancements.

    Internet companies are working in the global market and they have a diverse customer base. One positive thing for this industry is that it has many opportunities to grow the business because people always turn towards the internet content industry for the information. Their main challenge is to update their strategies with the changing external environment which is helpful for their business growth.

    Here are the few companies in the internet content industry which are following new trends to keep  pace with the market:

    Facebook Inc. (NASDAQ: FB)

    Facebook Inc. (NASDAQ: FB) shares were trading down -0.90% at $252.53 at the time of writing on Friday. Facebook Inc. (FB) share price went from a low point around $137.10 to briefly over $304.67 in the past 52 weeks, though shares have since pulled back to $252.53. FB market cap has remained high, hitting $725.94B at the time of writing, giving it a price-to-sales ratio of more than 9.

    Facebook Inc revealed that it is not clear whether the platform will be able to run in the European Union if the new Ireland data protection ruling will be implemented. The company revealed in Ireland’s High court that if the country’s Data Protection Commission in regard to its data transfer mechanism isn’t blocked, its platform will bear a huge shock. If we look at the recent analyst rating FB, KeyBanc Capital Markets initiated coverage on FB shares with an Overweight rating and a $287.22 price target, which implies room for 34.69% upside momentum this year.

    Snap Inc. (NYSE: SNAP)

    Snap Inc. (NYSE: SNAP) last closed at $23.82, in a 52-week range of $7.89 to $26.76. Analysts have a consensus price target of $26.27. Snap Inc. (SNAP) and NFL have recently disclosed that they have decided to extend their multi-year partnership. The company has created a special augmented reality Lens that takes fans from the Kansas City Chiefs’ locker room through the tunnel and into Arrowhead Stadium, where they’ll be greeted by Kansas City’s Patrick Mahomes and Houston’s Deshaun Watson.

    Pinterest Inc. (NYSE: PINS)

    Pinterest Inc. (NYSE: PINS) stock soar by 0.79% to $36.88. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at an Overweight. Pinterest Inc. (PINS) has earlier participated in the Deutsche Bank Virtual Technology Conference on September 15, 2020. This company previously revealed that it has decided to demonetize pages that lead to election-related content on its platform. The company aimed to stop the spread of misinformation about the 2020 presidential election which is to be held in November 2020.

    Twitter Inc. (NYSE: TWTR)

    Twitter Inc. (NYSE: TWTR) shares headed rising, higher as much as 2.03%. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at a Sector weight. Twitter Inc. (TWTR) has revealed that it has decided to ask U.S. lawmakers and White House officials, including President Donald Trump, to review and improve their account passwords as part of a push to increase security before the Nov. 3 election. This company has a total market capitalization of $31.12 billion at the time of writing.

    Remark Holdings Inc. (NASDAQ: MARK)

    Remark Holdings Inc. (NASDAQ: MARK) rose 11.93% after gaining more than $0.13 on Friday. Remark Holdings Inc. (MARK) has earlier participated in H.C. Wainwright & Co. 22nd Annual Global Investment Conference on September 14, 2020. Previously, the company announced that its AI’s engineering team won three out of five Championships in the Visual Object Tracking category at the 16th European Conference on Computer Vision. 

    Tencent Music Entertainment Group (NYSE: TME)

    Tencent Music Entertainment Group (NYSE: TME) last closed at $15.62, in a 52-week range of $9.22 to $17.97. Analysts have a consensus price target of $15.19. Previously, the Tencent Music Entertainment Group has partnered with Tencent ’99 Giving Day’ and the Rainbow Chamber Singers to host an online concert titled ‘Learn to Love Yourself,’ streaming live on QQ Music, KuGou Music, Kuwo Music, and WeSing.

    Zillow Group Inc. (NASDAQ: Z)

    Zillow Group Inc. (NASDAQ: Z) fall -0.60% after losing more than -$0.58 on Friday. Zillow Group Inc. (Z) has earlier announced that it has decided to start buying and selling homes in Jacksonville. Jacksonville becomes the 25th market where homeowners can safely and conveniently buy and sell real estate through Zillow Offers service. Looking at the market cap, its market cap is 415.41 billion at the time of writing.

    iQIYI Inc. (NASDAQ: IQ)

    iQIYI Inc. (NASDAQ: IQ) last closed at $23.20, in a 52-week range of $14.51 to $27.50. Analysts have a consensus price target of $23.08. iQIYI Inc. (IQ) has expanded its highly-acclaimed Mist Theater, with the release of season 1 of Sisyphus on September 2. The 12-episode Sisyphus is the fourth suspense thriller released as part of its Mist Theater. This company market cap has remained high, hitting $16.79 billion at the time of writing.

    Baidu Inc. (NASDAQ: BIDU)

    Baidu Inc. (NASDAQ: BIDU) Shares headed falling, lower as much as -0.01% after Jakubowitz Law has announced that securities fraud class action lawsuits have started on behalf of shareholders of the various publicly-traded companies. The most recent rating by Morgan Stanley, on September 08, 2020, is at an Equal-weight. Baidu Inc. (BIDU)

    Match Group Inc. (NASDAQ: MTCH)

    Match Group Inc. (NASDAQ: MTCH) stock soar by 0.79% to $108.41. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at an Overweight. Match Group Inc. (MTCH) share price went from a low point around $44.74 to briefly over $123.00 in the past 52 weeks, though shares have since pulled back to $108.41. MTCH market cap has remained high, hitting $27.97B at the time of writing.

    ANGI Homeservices Inc. (NASDAQ: ANGI)

    ANGI Homeservices Inc. (NASDAQ: ANGI) shares headed falling, lower as much as -2.45%. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at an Overweight. ANGI Homeservices Inc. (ANGI) stock fluctuated between the low of $4.10 and a high of $17.05. It has moved up 152.20% from its 52-weeks low and moved down-39.35% from its 52-weeks high. This company market capitalization has remained high, hitting $5.26 billion at the time of writing.

    Groupon Inc. (NASDAQ: GRPN)

    Groupon Inc. (NASDAQ: GRPN) stock soar by 2.60% to $26.05. The most recent rating by DA Davidson, on June 17, 2020, is at a Buy. Groupon Inc. (GRPN) share price went from a low point around $9.60 to briefly over $63.20 in the past 52 weeks, though shares have since pulled back to $26.05. Groupon Inc.’s market cap has remained high, hitting $729.40 million at the time of writing.

    Alphabet Inc. (NASDAQ: GOOGL)

    Alphabet Inc. (NASDAQ: GOOGL) fall -2.42% after losing more than -$35.95 on Friday. Alphabet Inc. (GOOGL) stock fluctuated between the low of $1008.87 and a high of $1726.10. It has moved up 43.83% from its 52-weeks low and moved down-15.93% from its 52-weeks high. This company market capitalization has remained high, hitting $1014.27 billion at the time of writing.

    Alphabet Inc. (NASDAQ: GOOG)

    Alphabet Inc. (NASDAQ: GOOG) last closed at $1459.99, in a 52-week range of $1013.54 to $1733.18. Analysts have a consensus price target of $1707.08. Alphabet Inc. (GOOG) has moved up 44.05% from its 52-weeks low and moved down-15.76% from its 52-weeks high. This company market capitalization has remained high, hitting $1002.23 billion at the time of writing.

    Grubhub Inc. (NYSE: GRUB)

    Grubhub Inc. (NYSE: GRUB) stock soar by 0.61% to $69.25. The most recent rating by Piper Sandler, on July 28, 2020, is at a Neutral. Grubhub Inc. (GRUB) share price went from a low point around $29.35 to briefly over $79.18 in the past 52 weeks, though shares have since pulled back to $69.25. Grubhub Inc.’s market cap has remained high, hitting $6.35 billion at the time of writing.

    CarGurus Inc. (NASDAQ: CARG)

    CarGurus Inc. (NASDAQ: CARG) shares headed falling, lower as much as -2.26%. The most recent rating by BTIG Research, on August 07, 2020, is at a Neutral. CarGurus Inc. (CARG) fluctuated between the low of $14.25 and a high of $40.91. It has moved up 63.72% from its 52-weeks low and moved down-42.97% from its 52-weeks high. This company market capitalization has remained high, hitting $2.70 billion at the time of writing.

    Momo Inc. (NASDAQ: MOMO)

    Momo Inc. (NASDAQ: MOMO) fall -1.33% after losing more than -$0.2 on Friday. Momo Inc. (MOMO) share price went from a low point around $13.87 to briefly over $39.42 in the past 52 weeks, though shares have since pulled back to $14.82. Momo Inc.’s market cap has remained high, hitting $3.14 billion at the time of writing.

    Yandex N.V. (NASDAQ: YNDX)

    Yandex N.V. (NASDAQ: YNDX) last closed at $60.97, in a 52-week range of $27.93 to $70.11. Analysts have a consensus price target of $57.09. Yandex N.V. (YNDX) has moved up 118.30% from its 52-weeks low and moved down-13.04% from its 52-weeks high. This company market capitalization has remained high, hitting $21.32 billion at the time of writing.

    Liberty TripAdvisor Holdings Inc. (NASDAQ: LTRPA)

    Liberty TripAdvisor Holdings Inc. (NASDAQ: LTRPA) stock drop by -1.41% to $2.10. The most recent rating by Guggenheim, on June 13, 2019, is at a Neutral. Liberty TripAdvisor Holdings Inc. (LTRPA) share price went from a low point around $0.86 to briefly over $10.20 in the past 52 weeks, though shares have since pulled back to $2.10. Momo Inc.’s market cap has remained high, hitting $266.49 Million at the time of writing.

    Yelp Inc. (NYSE: YELP)

    Yelp Inc. (NYSE: YELP) shares headed falling, lower as much as -4.02%. The most recent rating by KeyBanc Capital Markets, on September 15, 2020, is at a Sector weight. Yelp Inc. (YELP) has launched a tag for businesses to mark themselves as ‘Latinx-owned’ in a move designed to support Latino businesses hit hard by the pandemic. This company has a market capitalization of $1.56 billion at the time of writing.

  • Here’s Top 22 Trending Stocks In Internet Content And Information Industry To Watch Now

    Here’s Top 22 Trending Stocks In Internet Content And Information Industry To Watch Now

    Internet content & Information Industry entered into the new era of growth as the world took a one-step forwards towards the new era of technological change, new product, and service introductions, and evolving new industry standards. Furthermore, the advancement in smart devices and the increasing automation of the application development process are well progressed.

    Internet content & the Information sector is doing well and continues to do so as the people are now expecting to see the more diverse on-demand option in the coming years. It’s time for the internet content & information industry to take the next step by bringing new innovation.

    Let’s have a quick look at 22 top leading companies in the internet & content industry:

    Pinterest Inc. (NYSE: PINS)

    Pinterest Inc. (NYSE: PINS) last closed at $38.36, in a 52-week range of $10.10 to $38.23. Analysts have a consensus price target of $37.02. Pinterest disclosed it has canceled its lease for approx. 490,000 square feet of office space to be constructed near its current headquarters campus in San Francisco, California. This action is taken by Pinterest to support a more diverse workforce at Pinterest. It has moved up 279.80% from its 52-weeks low and moved down 0.34% from its 52-weeks high.

    Facebook Inc. (NASDAQ: FB)

    Facebook Inc. (NASDAQ: FB) stock soar by 0.76% to $295.44. The most recent rating by UBS, on August 25, 2020, is at a Buy. Facebook Inc has taken a major step today as it has blocked the small network of accounts and pages originated in Russia and had links to Internet Research Agency. It has traded up 115.49% from its 52-weeks low and moved down -3.03% from its 52-weeks high. Earlier, Facebook has increased its services by enhancing the detection and removal of hate speech and content that encourage violence and preventing the spread of misinformation.

    Twitter Inc. (NYSE: TWTR)

    Twitter Inc. (NYSE: TWTR) Shares headed rising, higher as much as 1.40%. The most recent rating by Canaccord Genuity, on July 24, 2020, is at a Hold. Twitter In has recently Joined Facebook in removing the accounts liked to Russian election interference. Looking at its profitability, its return on assets is -9.80%, return on equity is -14.70%, and return on investment is 12.80%. Twitter market cap has remained high, hitting $32.01 billion at the time of writing. It has moved up 105.75% from its 52-weeks low and moved down -10.26% from its 52-weeks high.

    Tencent Music Entertainment Group (NYSE: TME)

    Tencent Music Entertainment Group (NYSE: TME) rose 1.92% after gaining more than $0.3 on Tuesday. Tencent Music Entertainment Group has disclosed that Mr.Tak-Wai Wong has submitted his resignation f from the board of directors of Tencent Music. He has served as an active member of the board since July 2016. Earlier, it has also announced its public offering of US$800 million aggregate principal amount of its senior unsecured notes. The public offering consists of US$300 million of 1.375% notes due 2025 and US$500 million of 2.000% notes due 2030.

    iQIYI Inc. (NASDAQ: IQ)

    iQIYI Inc. (NASDAQ: IQ) stock soar by 4.99% to $22.73. The most recent rating by New Street, on August 14, 2020, is at a Neutral. iQIYI Inc has earlier revealed that the Chief Technology Officer (CTO), Liu Wenfeng, of the IQ has participated in the 24th Hong Kong International Film and Television Market (FILMART) on August 28. Liu has talked about how iQIYI is empowering its entertainment ecosystem through the use of artificial intelligence (AI). iQIYI has traded up and down 56.65% and -17.35% from its 52-weeks low and high, respectively.

    AutoWeb Inc. (NASDAQ: AUTO)

    AutoWeb Inc. (NASDAQ: AUTO) fall -7.64% after losing more than -$0.41 on Tuesday. AutoWeb Inc. has announced earlier it is planning to attend conferences such as LD Micro 500 Conference, 9th Annual Gateway Conference, H.C. Wainwright 22nd Annual Global Investment Conference, and Lake Street 4th Annual Best Ideas Growth (BIG4) Conference in September. AUTO had recorded the trading volume of 2.47 million as compared to the average volume of 840.00K.

    Uxin Limited (NASDAQ: UXIN)

    Uxin Limited (NASDAQ: UXIN) Shares headed rising, higher as much as 25.74% after Uxin to Report First Quarter Fiscal Year 2021 Financial Results on September 8, 2020. The most recent rating by JP Morgan, on October 23, 2019, is at a Neutral. It has a total market capitalization of 319.46 million. Looking at its profitability, its return on assets and return on investment is -76.60%, 44.70%, respectively.

    Alphabet Inc. (NASDAQ: GOOG)

    Alphabet Inc. (NASDAQ: GOOG) rose 1.62% after gaining more than $26.53 on Tuesday. Alphabet Inc. disclosed Tuesday it has decided to take part in the fight against the coronavirus pandemic. Alphabet Inc and Apple have revealed that they are going to add the contact tracing feature in their respective operating system rather than asking users to download the application. GOOG market cap has remained high, hitting 1140.02 billion.

    CarGurus Inc. (NASDAQ: CARG)

    CarGurus Inc. (NASDAQ: CARG) Shares headed rising, higher as much as 2.50%. The most recent rating by BTIG Research, on August 07, 2020, is at a Neutral. CarGurus Inc has announced its partnership with Global Lending Services (GLS). Its main purpose is to allows eligible consumers to get pre-qualified for auto loans from the CarGurus website. CARG market cap has remained high, hitting $2.79B at the time of writing.

    Snap Inc. (NYSE: SNAP)

    Snap Inc. (NYSE: SNAP) shares were trading down -0.80% at $22.41 at the time of writing on Tuesday. Snap Inc. (NYSE: SNAP) share price went from a low point around $7.89 to briefly over $26.76 in the past 52 weeks, though shares have since pulled back to $22.41. SNAP market cap has remained high, hitting $32.08B at the time of writing, giving it a price-to-sales ratio of more than 10.

    If we look at the recent analyst rating SNAP, Pivotal Research Group reiterated coverage on SNAP shares with a Buy rating and a $25.88 price target, which implies room for 3.47% upside momentum this year.

    Yandex N.V. (NASDAQ: YNDX)

    Yandex N.V. (NASDAQ: YNDX) last closed at $67.83, in a 52-week range of $27.93 to $70.11. Analysts have a consensus price target of $56.61. YNDX market cap has remained high, hitting $23.51 billion at the time of writing. YNDX has moved up 142.86% from its 52-weeks low and moved down -3.25% from its 52-weeks high. Focusing on its profitability, its return on assets is 2.30%. Its return on investment is 6.70% and return on equity is 3.70%.

    Match Group Inc. (NASDAQ: MTCH)

    Match Group Inc. (NASDAQ: MTCH) rose 1.55% after gaining more than $1.73 on Tuesday. Match Group Inc. had a trading volume of 2.8 million as compared to the average volume of 3.57 million. Looking at its profitability, its return on assets, return on investment, and return on equity is 3.50%, 10.90%, and 31.90%, respectively.

    Twilio Inc. (NYSE: TWLO)

    Twilio Inc. (NYSE: TWLO) last closed at $273.24, in a 52-week range of $68.06 to $288.81. Analysts have a consensus price target of $298.41. TWLO market cap has remained high, hitting $40.22 billion at the time of writing. Twilio has moved up 301.50% from its 52-weeks low and moved down -5.39% from its 52-weeks high.

    DouYu International Holdings Limited (NASDAQ: DOYU)

    DouYu International Holdings Limited (NASDAQ: DOYU) stock soar by 4.78% to $17.54. The most recent rating by JP Morgan, on May 28, 2020, is at an Overweight. DouYu International Holdings Limited market capitalization has remained high, hitting 5.44 billion. Turning our focus on its liquidity, it has a current ratio of 4.60.

    Momo Inc. (NASDAQ: MOMO)

    Momo Inc. (NASDAQ: MOMO) Shares headed rising, higher as much as 0.10%. The most recent rating by Daiwa Securities, on May 28, 2020, is at a Neutral. MOMO has a 52-weeks low range of $16.61 and a 52-weeks high range of $39.42. It has moved up 22.94% from its 52-weeks low and moved down -48.20% from its 52-weeks high.

    Remark Holdings Inc. (NASDAQ: MARK)

    Remark Holdings Inc. (NASDAQ: MARK) last closed at $1.13, in a 52-week range of $0.25 to $3.56. Remark AI’s Research and Development Team Led by Dr. Xiaoyun Yang Wins Three Champion Awards at ECCV 2020. MARK has a total market capitalization of 108.34 million.

    Zillow Group Inc. (NASDAQ: Z)

    Zillow Group Inc. (NASDAQ: Z) stock soar by 3.13% to $88.44 after the California Association of Realtors® (C.A.R.) Standard Forms Now Available Directly Within Dotloop. This is an important addition to the transaction management platform of Dotloop. The most recent rating by Standpoint Research, on August 03, 2020, is at a Hold.

    Grubhub Inc. (NYSE: GRUB)

    Grubhub Inc. (NYSE: GRUB) Shares headed rising, higher as much as 0.19%. The most recent rating by Piper Sandler, on July 28, 2020, is at a Neutral. Grubhub has a total market capitalization of 6.73 billion. It has a 52-weeks low and high range of $29.35 and $79.18, respectively.

    Baidu Inc. (NASDAQ: BIDU)

    Baidu Inc. (NASDAQ: BIDU) last closed at $126.93, in a 52-week range of $82.00 to $147.38. The Gross Law Firm Announces Class Actions on Behalf of Shareholders of STAA, BIDU, and PLAN. Analysts have a consensus price target of $145.71. It has a total market capitalization of 43.15 billion. BIDU has moved up 54.79% from its 52-weeks low and moved down -13.88% from its 52-weeks high.

    IZEA Worldwide Inc. (NASDAQ: IZEA)

    IZEA Worldwide Inc. (IZEA) stock drop by -1.77% to $1.11. The most recent rating by Ladenburg Thalmann, on June 26, 2020, is at a Buy. IZEA Worldwide Inc. market capitalization has remained high, hitting 58.87 million. Turning our focus on its liquidity, it has a current ratio of 2.70. Its quick ratio is also 2.70.

    ANGI Homeservices Inc. (NASDAQ: ANGI)

    ANGI Homeservices Inc. (NASDAQ: ANGI) rose 2.92% after gaining more than $0.4 on Tuesday. It has a 52-weeks low range of $4.10 and a high range of $17.05. Looking at its profitability, it has a return on assets, returns on investment, and return on equity is 1.10%, 2.70%, and 1.70%, respectively.

    Yelp Inc. (NYSE: YELP)

    Yelp Inc. (NYSE: YELP) last closed at $22.62, in a 52-week range of $12.89 to $38.40. Analysts have a consensus price target of $26.50. YELP market cap has remained high, hitting $1.62B at the time of writing.