In this week’s Stock Market Analysis Video, Cabot Market Letter Editor Mike Cintolo says that after a multi-month run up, the market needed a correction, which the last two months have provided. The market is now showing signs of life and looks like it’s ready to get going, especially if all goes well next week. Stocks discussed: Green Mountain Coffee Roasters (GMCR), Molycorp (MCP), Qlik Technologies (QLIK) and Amazon.com (AMZN). Click below to watch the video.
One of the big news stories this week was about Zipcar’s (ZIP) initial public offering. The company, founded 10 years ago, has headquarters right near my house and I pass it frequently. If you don’t know, Zipcar is a car-sharing service that’s popular in cities (like mine, Boston) and among college students–basically with people who are unlikely to own cars. Members can rent cars, located in convenient spots, at an hourly or daily rate and they pay an annual membership fee. This allows a lot of flexibility because the cars are parked all around cities/college campuses and eliminate the...
My stock tip today is an emerging markets stock that made a splash when it came public in the U.S. in early December. It’s E-Commerce China Dangdang (DANG), an online bookseller that’s being called “the Amazon of China.” There’s plenty of precedent for calling a company “the _______ of China,” including Ctrip.com (the Expedia of China) and Baidu (the Google of China). And the implication that a similar business proposition will prosper in China as it has in the U.S. is actually fairly sound. Dangdang had six million active customers in 2009 and sales of $298 million. In a...
IPOs are always risky, and those of Chinese companies are especially so. Still, a Chinese enterprise with very a very attractive story has recently come public on the New York Stock Exchanges as an ADR (American Depositary Receipts). Listing as ADRs confirms a company’s commitment to abide by U.S. accounting standards, including compliance with Sarbanes/Oxley regulations. This is a significant boost to the reliability of revenue and earnings reporting. The company is E-Commerce China Dangdang (DANG), known as Dangdang to its friends, an online bookseller that’s been following in Amazon’s footsteps by growing out of that category and into...
In this week’s Stock Market Analysis Video, Cabot China & Emerging Markets Editor Paul Goodwin discussed the U.S. and Chinese markets. The U.S. market had a good week, but our China-Timer has turned negative after the government there announced that it would hike interest rates. Stocks discussed: Abercrombie & Fitch (ANF), Acme Paket, (APKT), VanceInfo Technologies (VIT), Ctrip.com (CTRP), Dangdang (DANG) and Youku.com (YOKU). Watch the video.
