Yahoo Finance Wall Street Fundamentals Releases New In-Depth Stock Reports on BIDU, GAME, RENN and SINA
Asian markets gained Monday on improved growth from China’s manufacturing sector. The HSBC purchasing managers' index increased to 50.1 points for August, anything above 50 signals expansion, while the official China Federation of Logistics and Purchasing PMI grew to 51.0 from 50.3 in July. "The two series are both on an improving trend, serving as another confirmation of a much-strengthened growth momentum in the third quarter," Societe Generale's China Economist Wei Yao said in a research note.
Baidu Inc. (NASDAQ:BIDU - News) shares traded in the range of $135.10 to $140.09 Friday before settling to close at $135.53, an increase of 3.03 percent. The stock appears to be facing some resistance at the $139.05 and $150.30 levels with some support at $134.50. Shares of Baidu have gained approximately 35.0 percent in 2013.
More information on Baidu and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BIDU
Shanda Games Limited (NASDAQ:GAME - News) shares traded in the range of $3.97 to $4.18 Friday before settling to close at $3.98, a decrease of 2.09 percent. The stock appears to be facing some resistance at the $4.17 and $4.50 levels with some support at $3.79. Shares of Shanda Games have gained approximately 31.0 percent year-to-date.
More information on Shanda Games and access to the free equity report can be found at:
www.WallStreetFundamentals.com/GAME
Renren Inc. (NYSE:RENN - News) shares traded in the range of $3.22 to $3.35 Friday before settling to close at $3.26, a decrease of 2.10 percent. The stock appears to be facing some resistance at the $3.38 and $3.47 levels with some support at $3.21. Shares of Renren have fallen approximately 5.5 percent year-to-date.
More information on Renren and access to the free equity report can be found at:
www.WallStreetFundamentals.com/RENN
SINA Corp. (NASDAQ:SINA - News) shares traded in the range of $76.90 to $80.40 Friday before settling to close at $77.42, a decrease of 2.70 percent. The stock appears to be facing some resistance at the $78.65 and $81.68 levels with some support at $73.72. Shares of SINA have gained approximately 54.0 percent in 2013.
More information on SINA and access to the free equity report can be found at:
www.WallStreetFundamentals.com/SINA
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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.
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