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UPDATE: Goldman Sachs Color on Interval Leisure Group PT Decrease
Wednesday, May 18, 2011 - 7:05am | 106Goldman Sachs, which lowered its PT on shares of Interval Leisure Group, Inc. (NASDAQ: IILG), is providing some color on the stock. “We are updating our Interval estimates following its 1Q results. Our estimates are going lower as we now assume: (1) lower revenue per member growth due to inventory...
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Mirae Asset Reports on Ctrip.com (CTRP)
Wednesday, May 18, 2011 - 6:28am | 181Mirae Asset commented on Ctrip.com (NASDAQ: CTRP) in a report released today. In the report, Mirae Asset was positive in its assessment of the company. Mirae Asset writes, “We remain convinced on the growth potential of China's travel industry and Ctrip's leading position. But Ctrip has been...
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Goldman Sachs Lowers PT On Interval Leisure Group To $16
Wednesday, May 18, 2011 - 5:36am | 28Goldman Sachs has lowered the price target on interval Leisure Group (NASDAQ: IILG) from $17 to $16 and maintains its Neutral rating.
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FOREX: Pound Vulenerable as Bank of England Releases Meeting Minutes
Wednesday, May 18, 2011 - 1:16am | 4934The British Pound may decline if minutes from May's Bank of England rate decision reveal another 6-3 vote as a prominent hawk leaves the rate-setting committee. Overnight Headlines US Dollar Sold as Asian Stocks Rebound After Four-Day Selloff New Zealand Dollar Outperforms on PPI, Consumer...
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FOREX: US Dollar unable to Hold Gains Amid Swings in Sentiment
Tuesday, May 17, 2011 - 5:03pm | 4821The dollar was modestly higher early in North American trade as steep losses in equities and commodities saw traders seeking haven in the safety of the greenback. However a mid-day reversal saw the greenback surrendering all of the day's gains to close marginally lower on the session. US Dollar...
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GBP/USD: Trading the U.K. Jobless Claims Report
Tuesday, May 17, 2011 - 2:57pm | 2802U.K. jobless claims are expected to hold flat in April after unexpectedly rising 0.7K in the previous month, and a mild improvement in the labor market could spark a bullish reaction in the British Pound as the central bank adopts a hawkish outlook for monetary policy. Trading the News: U.K....
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CTrip (CTRP) – Earnings and Outlook
Tuesday, May 17, 2011 - 12:43pm | 264CTrip (CTRP) reported last night. At first glance, the EPS looked strong and the revenues came in above expectations. This company used GAAP, so at first the numbers appears to be a miss – in fact they beat nicely. Even so, the stock gapped down at the open by 10%, then came back to about...
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Ctrip.com (CTRP) Faced with Potential Real Challenge in Chinese Travel Market as Tencent Takes Stake in eLong (LONG)
Tuesday, May 17, 2011 - 12:15pm | 760For many years Ctrip.com (CTRP) has been the dominant player in the Chinese travel industry. Meanwhile eLong (LONG) has been its wayward competitor. I'd parallel these two to something along the lines of Intel (INTC) versus Advanced Micro Devices (AMD) - yes they are competitors but the gap...
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Options Brief: Starwood Hotels & Resorts Worldwide (HOT)
Tuesday, May 17, 2011 - 12:07pm | 78Shares of Starwood Hotels & Resorts Worldwide (NYSE: HOT) are lower on the session by 1.59%, trading at $56.27. Overall put volume is now running at 3.14x the daily average, with 86% of all puts traded being purchases on the offer. 6,166 contracts have traded on the session so far. Starwood...
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Morning NASDAQ Top Percentage Gainers
Tuesday, May 17, 2011 - 10:49am | 618POINT ROBERTS, Wash., May 17, 2011 - www.InvestorIdeas.com, a global investor research portal for independent investors, reports on top percentage gainers on the NASDAQ in morning trading.. Top gainers include eLong, Inc. (NasdaqGM: LONG), Gulf Resources, Inc. (NasdaqGS: GFRE), Anthera...
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NASDAQ Stocks Hitting 52-Week Highs (LONG, TECH, ANTH, TSTF)
Tuesday, May 17, 2011 - 9:08am | 139eLong Inc (NASDAQ: LONG) shares surged 35.44% to create a new 52-week high of $22.97. Tencent Holdings Ltd purchased an $84.4 million stake in eLong Inc. Techne Corporation (NASDAQ: TECH) shares jumped 1.22% to create a new 52-week high of $80.80. TECH's trailing-twelve-month operating margin is...
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Morning Market Movers (LONG, GFRE, SCEI, SAPXD)
Tuesday, May 17, 2011 - 8:48am | 110eLong Inc (NASDAQ: LONG) jumped 29.72% to $22.00 at 9:45 am. Tencent Holdings Ltd purchased an $84.4 million stake in eLong Inc. Gulf Resources Inc (NASDAQ: GFRE) shares surged 19.80% to $3.63. GFRE reported a 52.8% y/y surge in its Q1 revenue. Sino Clean Energy Inc (NASDAQ: SCEI) shares advanced...
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Bank of America Maintains Neutral on Ctrip.Com (CTRP)
Tuesday, May 17, 2011 - 6:59am | 195Bank of America maintained its Neutral rating on Ctrip.Com (NASDAQ: CTRP). In a research report published today, Bank of America praised Ctrip for its performance. At the same time, it expressed fears that the industry sentiment might catch up with Ctrip. In the report, Bank of America states, "...
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Morgan Stanley Overweight On Ctrip.com (CTRP)
Tuesday, May 17, 2011 - 6:46am | 153Morgan Stanley has an Overweight rating on shares of Ctrip.com (NASDAQ: CTRP) after the company reported earnings. In a note to investors, Morgan Stanley writes, "Our DCF value of US$53.4 per share implies ~15% share price upside. Notably: 1) Ctrip captures half of China's online travel market,...
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Piper Jaffray Lowers PT On CTRP To $49
Tuesday, May 17, 2011 - 6:37am | 175Piper Jaffray , citing a conservative outlook following a slight Q1 upside, is lowering its price target on Ctrip.com International (NASDAQ: CTRP) from $50 to $49 and is maintaining its Overweight rating on the stock. In the report, Piper Jaffray writes, “Reported Q1 revenue growth of 30% y/y (in...