Yahoo Finance Today's Research Reports on Stocks to Watch: Marvell Technology Group Ltd. and NetEase
NEW YORK, NY / ACCESSWIRE / November 7, 2017 / Shares of Marvell Technology headed higher yesterday and even hit a brand new high after reports revealed that the company is considering on buying California-based chip maker Cavium. Shares of NetEase also closed higher yesterday after traders learned the company's e-commerce business Koala is expecting on spending $11 billion in the next three years on foreign inventory, including the United States and Europe.
RDI Initiates Coverage on:
Marvell Technology Group Ltd.
https://rdinvesting.com/news/?ticker=MRVL
NetEase, Inc.
https://rdinvesting.com/news/?ticker=NTES
Marvell Technology Group Ltd. shares closed up 9.13% on nearly 20 million shares traded on Monday. The stock also hit a new high of $21.08 during intra-day trading after reports revealed that the company is considering to buy Cavium Inc., a fabless semiconductor company based in San Jose, California specializing in ARM-based and MIPS-based network, video and security processors and SoCs. A Reuters report indicated that the companies are already in advanced discussions and that a deal could be announced within weeks. The deal would create a chip maker worth some $14 billion. According to the Wall Street Journal, Cavium makes chips and Marvell makes products for networking, data-center and wireless applications.
Access RDI's Marvell Technology Group Ltd. Research Report at:
https://rdinvesting.com/news/?ticker=MRVL
NetEase, Inc. shares closed up 10.40% on Monday with a little over 3 million shares traded. Shares of the Chinese video game publisher began moving north after traders learned that company is spending more on foreign products to sell to consumers in China. Reports revealed that the company's Koala e-commerce business is expecting to buy about $11 billion of inventory over the next three years from the United States, Japan, and Europe. Purhases from Australia and South Korea will bring the total even higher. Koala CEO Zhang Lei commented, "This industry could be worth 500 billion yuan ($75 billion) by about 2021. This is a new race course - Kaola wants to be a major leader here and capture much of the market share from the existing leaders." According to iiMedia Research, the company had about 24% of the e-commerce market in China in the beginning of the year.
Access RDI's NetEase, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=NTES
Our Actionable Research on Marvell Technology Group Ltd. (NASDAQ: MRVL) and NetEase, Inc. (NASDAQ: NTES) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
