Stocks were mixed in early trading this morning on the last trading day of this doozy of a week. Every major index finished lower yesterday while the S&P 500 closed negative for its 3rd consecutive day. Will stocks finish the week on a down note? Wait and see.
The Chinese economy is maturing and increasingly becoming a consumer-led economy. Given the short-term and long-term catalysts for Chinese stock, some experts are saying now is the time to get in. Our trade alert highlights a Chinese stock that looks primed for takeoff.
Matt’s #1 pick for 2021 [Buy Alert]
He’s pinpointed over 200 stocks that ALL went on to jump 100% or more. Plus 16 more recommendations that skyrocketed over 1,000%.
Today, he’s doing it all over again. [Full Story…]
NetEase Inc (NTES) develops and operates mobile and PC games, communities, and eCommerce platforms. Its titles include some of the most popular games in China such as the Westward Journey series, Ghost, and partnering with Activision Blizzard (ATVI) to deliver Chinese-versions of Blizzard games to its users.
NTES became a public company in 2000. Since then, the video game industry has gone from a $20 billion industry to be worth nearly $200 billion. NTES has ridden this wave to become one of the most valuable video game companies in the world. It’s looking to maintain its standing as one of the leading gaming companies in China with new products including a VR-based, open-world, role-playing game that is highly anticipated by the gaming community.
Over the last ten years, NTES’s revenue has gone from $780 million to $8.7 billion. Next year, earnings are expected to grow by 60% and revenues by 27%. Due to this, NTES has a reasonable forward PE of 30.
NTES’s leading position in the video game market is expected to grow at a double-digit CAGR over the next decade. NTES also has shown the ability to develop and launch new games that are well-received by the public and partner with foreign developers to bring popular games to the Chinese market.
The current consensus among 36 polled analysts is to buy NTES. There are 31 Buy ratings, 4 Hold ratings and only 1 Sell rating for the stock.
NetEase is scheduled to report earnings on February 25th. Recent positive estimate revisions are a good indication that analysts anticipate an earnings beat.
Where to invest $1,000 right now...
Before you consider buying NetEase Inc, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not NetEase Inc.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
InvestorPlace & Charlie Shrem
The 4 Top Cryptos to Buy Before the “Big Upgrade” (Not Bitcoin)
Virtually every major corporation and government agency is investing billions to prepare for this event. I’m talking about Apple, Microsoft, Google, Amazon, Facebook, and the departments of Defense and Homeland Security, to name a few. We’ve located four small altcoins that we predict will be the biggest winners from this technology upgrade. [Full Story…]