On Monday, China's National Bureau of Statistics reported an economic growth of 7.7 percent for 2013, which equal to its growth rate in 2012. The nation’s economy grew 7.7 percent in the fourth quarter of 2013, slightly lower than the 7.8 percent seen in the previous quarter. As China’s leaders work to reshape the economy, the nation’s economic growth is expected to continue to slow this current quarter. Economists have predicted China to report a growth of 7.5 percent in March. "China's leadership has recognized that China needs to change its growth model," said former World Bank President and current head of Goldman Sachs's international advisory board, Robert Zoellick. "It won't be a Big Bang process. We'll see, in Chinese fashion, a series of steps, which if successful will pick up momentum," stated Mr. Zoellick.
Baidu Inc. (NASDAQ: BIDU) shares traded in the range of $168.87 to $172.93 Friday before settling to close at $170.14, a decrease of 1.65 percent. The stock appears to be facing some resistance at the $173.07 and $180.43 levels with some support at $168.08. Shares of Baidu have gained approximately 55.0 percent in the past year.
More information on Baidu and access to the free equity report can be found at:
E Commerce China Dangdang Inc. (NYSE: DANG) shares traded in the range of $10.56 to $11.36 Friday before settling to close at $10.63, a decrease of 6.01 percent. The stock appears to be facing some resistance at the $10.96 and $11.61 levels with some support at $10.56. Shares of Dangdang have gained approximately 145.0 percent in the past year.
More information on Dangdang and access to the free equity report can be found at:
Renren Inc. (NYSE: RENN) shares traded in the range of $3.20 to $3.29 Friday before settling to close at $3.20, a decrease of 2.74 percent. The stock appears to be facing some resistance at the $3.22 and $3.35 levels with some support at $3.04. Shares of Renren have fallen approximately 7.0 percent in the past year.
More information on Renren and access to the free equity report can be found at:
SINA Corp. (NASDAQ: SINA) shares traded in the range of $74.48 to $78.17 Friday before settling to close at $75.02, a decrease of 6.90 percent. The stock appears to be facing some resistance at the $75.92 and $79.05 levels with some support at $74.83. Shares of SINA have gained approximately 35.0 percent in the past year.
More information on SINA and access to the free equity report can be found at:
Wall Street Fundamentals offers our members a full range of investor services including in-depth equity reports on your favorite companies and timely market updates featuring the hottest stocks trending in the marketplace.
Activate your always free membership by signing up at www.WallStreetFundamentals.com today.
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.
Wall Street Fundamentals
Leave a comment...