Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Here’s Why SINA Corp, Microchip Technology, Endo International & Other Stocks Are on the Move Today

Page 1 of 2

U.S. stocks are slightly up on Tuesday trading, with indexes hitting record highs again, as the earnings season reaches its end.

In this article, we will look into the results that have just been posted by SINA Corp (NASDAQ: SINA), Weibo Corp (ADR) (NASDAQ:WB), WebMD Health Corp. (NASDAQ:WBMD), Microchip Technology Inc. (NASDAQ:MCHP), and Endo International plc – Ordinary Shares (NASDAQ:ENDP). In addition, we are going to discuss what the funds in our database think about these five companies.

Through extensive research, we determined that imitating some of the picks of hedge funds and other institutional investors can help generate market-beating returns over the long run. The key is to focus on the small-cap picks of these investors, since they are usually less followed by the broader market and are less price-efficient. Our backtests that covered the period between 1999 and 2012, showed that following the 15 most popular small-caps among hedge funds can help a retail investor beat the market by an average of 95 basis points per month (see more details here).

abacus, earnings, money, counting

SINA and Weibo Spike On Strong Results

Shares of SINA Corp (NASDAQ:SINA) have gained more than 12% on Tuesday trading, driven by the announcement of the company’s second quarter results. EPS of $0.27 beat the Street’s consensus by $0.12, while revenue of $241.35 million came in $9.66 million ahead of expectations. Also pushing the stock upwards was the full-year revenue guidance, which was raised from $850-$950 million to $950 million-$1 billion, mostly above consensus of $951.5 million.

Fundamental to SINA’s robust performance was the strength in the Twitter-like portal Weibo Corp (ADR) (NASDAQ:WB), which is majority-owned by the former company. Weibo also is trading in green today on a top and bottom line beat. Second quarter EPS of $0.16 beat expectations by $0.05, while revenue of $146.9 million, up 36.2% year-over-year, were $5.75 million higher than expected. For the ongoing quarter, management guided for revenue in the $168 million to $173 million range, versus estimates of $165 million. Not as surprising was user growth, which, once again, remained in the 30% to 38% range, coming in at 33% for the second quarter.

At the end of the first quarter, 15 funds among those we track were long SINA Corp (NASDAQ:SINA), and 11 held shares of Weibo Corp (ADR) (NASDAQ:WB).

Follow Sina Corp (NASDAQ:SINA)
Trade (NASDAQ:SINA) Now!

Page 1 of 2

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!