LONDON -- The shares of�ASOS� (LSE: ASC ) rallied 3% to 3,170 pence during early London trade this morning after the online fashion retailer reported half-year sales growing 33% to 360 million pounds.
ASOS, whose product range is often dictated by the clothes worn by celebrities, revealed group profits had improved 11% to reach 25 million pounds.
The company said it had continued to rapidly expand overseas, with international sales advancing a further 39% and U.S. revenues boosted 54% to 35 million pounds. U.K. sales expanded 26% to 138 million pounds, underpinning the AIM-quoted retailer's strong growth in all regions.
The number of active ASOS customers grew 41% to 6 million, with more than half now located outside the U.K.
Commenting on the company's international expansion, chief executive Nick Robertson said:
Progress on our dedicated sites for both Russia and China remains on track. We are already seeing the benefits of this investment across all territories with increased customer awareness, increased shopper frequency, higher conversion rates, more items per basket and strong sales growth.
Top 5 Dividend Companies To Own In Right Now: Xueda Education Group(XUE)
Xueda Education Group provides tutoring services for primary and secondary school students in the People?s Republic of China with a focus on offering personalized tutoring services. Its services include consultation and assessment, formulation of a customized study plan, personalized tutoring, and delivery of supporting services. The company also provides course offerings that cover various academic subjects taught in primary and secondary schools, such as mathematics, English, physics, Chinese, and chemistry; and self-designed courses beyond the standard curriculum in certain subjects, as well as in subjects not taught at public primary and secondary schools. As of December 31, 2010, its tutoring service network comprised 207 learning centers and approximately 9,650 full-time service professionals, serving customers located in 53 economically developed cities across 27 of China?s 31 provinces and municipalities. The company was founded in 2001 and is headquartered in Beij ing, the People?s Republic of China.
Advisors' Opinion:- [By Jake L'Ecuyer]
Leading and Lagging Sectors
In trading on Friday, non-cyclical consumer goods & services shares were relative leaders, up on the day by about 0.09 percent. Among the leading sector stocks, gains came from Rite Aid (NYSE: RAD) and Xueda Education Group (NYSE: XUE). Financial sector was the leading decliner in the US market today. - [By Garrett Cook]
Non-cyclical consumer goods & services shares fell 0.45 percent on Tuesday. Top losers in the sector included Diamond Foods (NASDAQ: DMND), down 3.4 percent, and Xueda Education Group (NYSE: XUE), off 2.6 percent.
Top China Companies To Buy For 2014: Spreadtrum Communications Inc.(SPRD)
Spreadtrum Communications, Inc., through its subsidiaries, operates as a fabless semiconductor company that designs, develops, and markets baseband processor and RF transceiver solutions for wireless communications and mobile television markets. It offers a portfolio of integrated baseband processor solutions that support a range of wireless communications standards, including global system for mobile communication (GSM), general packet radio service (GPRS), enhanced data rates for GSM evolution (EDGE), time division synchronous code division multiple access (TD-SCDMA), and high speed packet access (HSPA), as well as offer an array of multimedia capabilities, such as MP3 digital audio playback, touch screen, JAVA acceleration, digital camera support, motion JPEG, MPEG4, AVS and H.264 digital video playback, and 64-channel polyphonic ringtone playback. The company also provides single-chip CMOS multi-mode RF transceivers that perform across various standards covering GSM/GP RS, EDGE, wideband code division multiple access, TD-SCDMA, and high speed uplink/downlink packet access. In addition, it designs, develops, and markets a CMMB-based channel demodulator and audio/video decoder processor solution for the mobile television market. The company sells its products directly, as well as through distributors to brand manufacturers, independent design houses, and original design manufacturers primarily in China, Hong Kong, and Macau. Spreadtrum Communications, Inc. was founded in 2001 and is headquartered in Shanghai, the People?s Republic of China.
Advisors' Opinion:- [By Brian Pacampara]
What: Shares of Chinese smartphone chip maker Spreadtrum Communications (NASDAQ: SPRD ) surged 17% today after Tsinghua University, through its subsidiary Tsinghua Unigroup, offered to acquire it for $1.4 billion.
Top China Companies To Buy For 2014: DAQQ New Energy Corp.(DQ)
Daqo New Energy Corp., together with its subsidiaries, manufactures and sells polysilicon in China. The company sells its polysilicon to photovoltaic product manufacturers for use in the processing of ingots, wafers, cells and modules for solar power solutions. It also produces and sells mono-crystalline and multi-crystalline modules to photovoltaic system integrators and distributors in China and internationally under its Daqo brand. The company was formerly known as Mega Stand International Limited and changed its name to Daqo New Energy Corp. in August 2009. Daqo New Energy Corp. was founded in 2006 and is headquartered Wanzhou, the People?s Republic of China.
Advisors' Opinion:- [By Lisa Levin]
Daqo New Energy (NYSE: DQ) shares gained 12.78% to $33.58 on quarterly results.
SINA (NASDAQ: SINA) rose 7.26% to $51.29 after the company reported upbeat quarterly results.
- [By Garrett Cook]
Energy shares dropped around 0.22 percent in today’s trading. Top decliners in the sector included Daqo New Energy (NYSE: DQ), PDC Energy (NASDAQ: PDCE), and YPF SA (NYSE: YPF).
Top China Companies To Buy For 2014: eLong Inc.(LONG)
eLong, Inc. operates as an online travel service provider in the People?s Republic of China. The company provides its customers with travel information and the ability to book rooms, air tickets, vacation packages, and other travel related services utilizing call center and Web-based distribution technologies. It facilitates the customers to book rooms in approximately 10,000 hotels in 450 cities across China, and fulfills air ticket reservations in approximately 80 cities across China. In addition, the company offers the ability to book rooms at approximately 100,000 hotels outside of China; and provides the customers informative content relevant to hotel and air travel decisions, including tourist and event site destination information, hotel facility information, and photos. eLong markets its services through online marketing, traditional media advertising, co-marketing with established brands of other companies, and direct marketing. The company was founded in 1999 and is headquartered in Beijing, the People?s Republic of China. eLong, Inc. operates as a subsidiary of Expedia Asia Pacific Limited.
Advisors' Opinion:- [By Shareholders Unite]
The main on-line competitors are:
Qunar.com, a travel website owned by Baidu (BIDU) and a few venture fundseLong (LONG), backed by Tencent (TCEHY.PK) and Expedia (EXPE). Analyst expect it to generate $163M in revenue next yearThat is pretty serious competition, needless to say. Having the backing of Baidu or Expedia offers several advantages, but Ctrip is the biggest and most established company. It's quite difficult to compare Qunar.com to Ctrip, for the simple sake that Qunar is a private company. However, there can be little doubt that it constitutes serious competition:
- [By Tom Taulli]
Strong Portfolio: Expedia has massive scale, with supply from about 200,000 hotels, 300 airlines and various car rentals and cruise lines. And EXPE sites — which�include Hotwire.com, Hotels.com, CarRentals.com and more, on top of the Expedia namesake — get�about 50 million unique visitors every month. Plus, EXPE also owns a majority stake in eLong (LONG), which is the second largest online travel company in China.
- [By Roberto Pedone]
eLong (LONG) operates as an online travel service provider in the People's Republic of China. This stock closed up 7.5% to $19.79 in Wednesday's trading session.
Wednesday's Volume: 96,000
Three-Month Average Volume: 30,062
Volume % Change: 125%From a technical perspective, LONG spiked sharply higher here right off its 50-day moving average of $18.39 with above-average volume. This spike to the upside on Wednesday is now quickly pushing shares of LONG within range of triggering a big breakout trade. That trade will hit if LONG manages to take out some near-term overhead resistance levels at $20 to $21 and then above some past overhead resistance at $21.73 with high volume.
Traders should now look for long-biased trades in LONG as long as it's trending above its 50-day at $18.39 or above its 200-day at $17.40 and then once it sustains a move or close above those breakout levels with volume that hits near or above 30,062 shares. If that breakout hits soon, then LONG will set up to re-test or possibly take out its next major overhead resistance level at its 52-week high of $24. Any high-volume move above $24 will then give LONG a chance to make a run at $30.
- [By Belinda Cao]
The Bloomberg China-US Equity Index (HSCEI) of the most-traded Chinese stocks in the U.S. added 0.3 percent to 103.21 yesterday. Renren, owner of a real-name social network website, jumped to the highest level since August as volumes surged. Web travel agency Elong Inc. (LONG) soared 20 percent. China Southern Airlines Co. (ZNH), Asia�� biggest carrier by passenger numbers, fell the most in a week and China Eastern Airlines Corp. slid to a three-week low.
Top China Companies To Buy For 2014: China Gerui Advanced Materials Group Limited(CHOP)
China Gerui Advanced Materials Group Limited engages in the manufacture and sale of cold-rolled narrow strip steel products in the People's Republic of China. The company converts steel manufactured by third parties into thin steel sheets and strips. It sells its products directly to its customers in a range of industries, including food and industrial packaging, construction and household decorations materials, electrical appliances, and telecommunications wires and cables industries. The company was formerly known as Golden Green Enterprises Limited and changed its name to China Gerui Advanced Materials Group Limited in December 2009. China Gerui Advanced Materials Group Limited is based in Zhengzhou, China.
Advisors' Opinion:- [By Jake L'Ecuyer]
Leading and Lagging Sectors
On Tuesday, the basic materials sector proved to be a source of strength for the US market after Yellen statement. Huntsman (NYSE: HUN) shares surged 2.62 percent after reporting strong quarterly earnings, while China Gerui Advanced Materials Group (NASDAQ: CHOP) gained around 2.5 percent. - [By Monica Gerson]
China Gerui Advanced Materials Group (NASDAQ: CHOP) is expected to report its Q2 earnings.
Ambarella (NASDAQ: AMBA) is estimated to post its Q2 earnings at $0.28 per share on revenue of $44.67 million.
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