Wall Street Fundamentals Releases New In-Depth Stock Reports on BIDU, DANG, FENG and SINA


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Companies Mentioned

NASDAQ:BIDU / NYSE:DANG / NYSE:FENG / NASDAQ:SINA
12/10/2013 [ACCESSWIRE]

Asian markets received a boost over the weekend after data showed China posted its biggest trade surplus in nearly five years. China’s trade surplus grew to $33.8 billion in November, from $31.1 billion in October. Chinese exports surged 12.7 percent year-over-year in November, while imports grew just 5.3 percent. "There are signs that the global activity and trade cycle is gaining momentum, driven by the recovery in high-income countries, and China's exporters are benefiting from that," said Louis Kuijs, an economist at Royal Bank of Scotland.

Baidu Inc. (NASDAQ: BIDU) shares traded in the range of $167.01 to $173.65 Monday before settling to close at $171.90, an increase of 1.89 percent. The stock appears to be facing some resistance at $188.38 with some support at the $166.71 and $157.24 levels. Shares of Baidu have gained approximately 70.0 percent in 2013.

More information on Baidu and access to the free equity report can be found at:
www.WallStreetFundamentals.com/BIDU

E Commerce China Dangdang Inc. (NYSE: DANG) shares traded in the range of $8.62 to $9.14 Monday before settling to close at $8.65, a decrease of 4.84 percent. The stock appears to be facing some resistance at the $9.23 and $9.78 levels with some support at $8.61. Shares of Dangdang have gained approximately 105.0 percent in 2013.

More information on Dangdang and access to the free equity report can be found at:      
www.WallStreetFundamentals.com/DANG

Phoenix New Media Ltd. (NYSE: FENG) shares traded in the range of $9.20 to $9.65 Monday before settling to close at $9.26, an increase of 0.65 percent. The stock appears to be facing some resistance at the $9.74 and $10.50 levels with some support at $8.99. Shares of Phoenix New Media have gained approximately 150.0 percent in 2013.

More information on Phoenix New Media and access to the free equity report can be found at: 
www.WallStreetFundamentals.com/FENG

SINA Corp. (NASDAQ: SINA) shares traded in the range of $75.50 to $78.28 Monday before settling to close at $75.83, a decrease of 1.91 percent. The stock appears to be facing some resistance at the $76.08 and $78.82 levels with some support at $74.83. Shares of SINA have gained approximately 50.0 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.

Contact:
Wall Street Fundamentals
Website: www.WallStreetFundamentals.com
Email: editor@wallstreetfundamentals.com

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