I came across NetEase (NASDAQ:NTES) in early 2013, when it was starting to become a major player in the Chinese mobile game industry. At first, I was a bit skeptical about their future growth and valuation. Video game companies are sometimes “one-hit wonders”, and decline after their top sellers lose popularity. But NetEase is an exception. After watching it for a few months, I decided then to bite the bullet and buy the stock. And I’m glad I did.
The company has produced leading online games in China since 2001, has a diversified business model over many in-house developed....More>>>
Mitsubishi UFJ Kokusai Asset Management Co. Ltd. decreased its holdings in Toll Brothers (NYSE:TOL) by 14.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,925 shares of the construction company’s stock after selling 2,814 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Toll Brothers were worth $732,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. BlackRock Inc. raised....More>>>
Shares of Sarepta Therapeutics (SRPT) have gotten crushed today after the FDA offered a negative take on Sarepta’s Duchenne muscular dystrophy drug. In fact, Leerink’s Joseph Schwartz and team contend that Sarepta’s “dystrophin argument strongly challenged and largely invalidated by the FDA.” They explain:
Andrew Harnik/Associated Press
The updated FDA review is even more negative on the historical control data. 4-yr. clinical effectiveness data submitted in January at the time was considered as major amendment to eteplirsen NDA that had resulted in....More>>>
Snap Inc. (NYSE: SNAP) is about to pay $200 million to this little-known Chinese company, and its all part of a plan to revolutionize how people share photos and videos…
According to an Aug. 2, 2017, report from TheInformation.com, Snapchat is in talks to acquire Zero Zero Robotics, a Beijing-based maker of selfie drones.
These selfie drones are foldable, and users can control them through iPhone and Android apps. The drones are light enough to hold and small enough to fit in a backpack.
preferred stock: TSR Inc.(TSRI)
Hiring slowed substantially in May as employers added 138,000jobs, but thedisappointing showing probably wont stop the Federal Reserve from raising interest rates this month.
The unemployment rate, which is calculated from a different survey, fell from 4.4% to 4.3%, the lowest since May 2001, the Labor Department said Friday.
Economists surveyed by Bloomberg expected 180,000 job gains.
Average hourly wages rose 4 cents to $26.22, holding annual gains steady at 2.5%. Although earnings have picked up the past year or two from a tepid 2% pace, the annual increases have moderated....More>>>