• The Zacks Analyst Blog Highlights: JD.com, Alibaba, Baidu and SINA
    Zacks

    The Zacks Analyst Blog Highlights: JD.com, Alibaba, Baidu and SINA

    The Zacks Analyst Blog Highlights: JD.com, Alibaba, Baidu and SINA

  • Zacks.com featured highlights include: KB Home, Crocs, NetEase, Taylor Morrison Home and Anika Therapeutics
    Zacks

    Zacks.com featured highlights include: KB Home, Crocs, NetEase, Taylor Morrison Home and Anika Therapeutics

    Zacks.com featured highlights include: KB Home, Crocs, NetEase, Taylor Morrison Home and Anika Therapeutics

  • Solid Q3 Makes Netflix Pricey: 4 Low-Cost Media Picks
    Zacks

    Solid Q3 Makes Netflix Pricey: 4 Low-Cost Media Picks

    Solid Q3 results have encouraged firms to jack up their price targets for Netflix (NFLX), making it pricey. For small investors, we have picked media stocks that are low-priced and have growth potential.

  • Bloomberg

    Jokowi Looks to Reboot Indonesia’s Economy With a Revamped Cabinet

    (Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.Indonesian President Joko Widodo is set to revamp his economic team in a new cabinet that may include key opposition figures and industrialists, enabling him to push through difficult business reforms.Widodo, 58, will be sworn in for a second term Sunday, with his cabinet likely to be announced soon after. He’s expected to broaden his coalition by luring the opposition with cabinet posts in a bid to secure support for his policy agenda.Jokowi, as the president is known, heads into his final five years in office having pledged to lift economic growth, overhaul labor laws and boost investment at a time when trade tensions between the U.S. and China are hammering demand.“The team of economic managers in the cabinet will be more crucial than ever before given the immediate challenges of navigating an uncertain global backdrop,” said Euben Paracuelles, an economist at Nomura Holdings Inc. in Singapore.Here’s a look at the key possible cabinet names doing the rounds in the media and among Indonesia watchers:Sri Mulyani IndrawatiJokowi has given few details about his new cabinet line-up, aside from guaranteeing in a recent interview that Indrawati, currently the finance minister, will remain in his team. It’s possible she may be promoted to the post of coordinating minister for economic affairs, a position currently held by Darmin Nasution, according to one document prepared by Jokowi’s presidential campaign.A former World Bank managing director, 57-year-old Indrawati has been credited with stabilizing the government’s finances and winning the country multiple credit-rating upgrades.Perry WarjiyoCurrently governor of the central bank, Warjiyo is a possible successor to Indrawati if she’s promoted to a more senior cabinet post, according to a list compiled by Jokowi’s presidential campaign team.Warjiyo was Jokowi’s sole nominee for governor when he was appointed to the post in May last year. He’s built his career at the central bank, dealing with a number of financial crises during his time. He led an aggressive policy response to counter last year’s emerging-market rout, raising interest rates by 175 basis points to help stabilize the currency.Chatib BasriThe former finance minister is also seen as a possible successor to Indrawati. Basri served under Jokowi’s predecessor, Susilo Bambang Yudhoyono, also known as SBY, and is an advocate of labor market reform and policies focused on lifting investment.Former Bank Indonesia Governor Agus Martowardojo and Mirza Adityaswara, an ex-senior deputy governor, have also been cited as possible replacements for Indrawati.Nadiem MakarimThe founder of Indonesia’s first startup unicorn Gojek is touted as a possible minister in charge of either education or small- and medium-sized businesses. His addition to the cabinet would be in line with Jokowi’s publicly stated preference to include professionals and millennials in his team.Makarim, 35, has built Gojek into a $10 billion company offering everything from ride-hailing services to food delivery and digital payments. The company counts Google, JD.com Inc. and Tencent Holdings Ltd. among its investors and is seen as an icon for aspiring Indonesian entrepreneurs.Mukhamad MisbakhunMisbakhun, a member of the parliament’s finance committee during Jokowi’s first term, is considered a possible candidate to be trade minister, a post currently held by Enggartiasto Lukita. Misbakhun is a politician from the Golkar party, which has been a key member of the ruling coalition and is the second-biggest party in the parliament.Prabowo SubiantoJokowi’s heavy reform agenda has seen him reach across the aisle to opposition parties, including to Prabowo, the head of Indonesia’s main opposition party, who the president defeated for a second time in elections earlier this year.The pair have held a number of very public meetings in recent months, boosting expectations Prabowo, a former general, could bring his Great Indonesian Movement Party into the ruling coalition, and that his party could also be rewarded with several cabinet slots.Sandiaga UnoUno was Prabowo’s running mate in the 2019 presidential race and is being touted as possibly joining the new cabinet. A graduate of George Washington University, Uno is a successful businessman with big political ambitions.SBY’s son Agus Yudhoyono has also been named as possibly joining the cabinetTo contact the reporters on this story: Karlis Salna in Jakarta at ksalna@bloomberg.net;Arys Aditya in Jakarta at aaditya5@bloomberg.netTo contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net;Thomas Kutty Abraham at tabraham4@bloomberg.netFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Deal Or No Deal, Investing Case for China Looks Good
    Zacks

    Deal Or No Deal, Investing Case for China Looks Good

    From e-commerce giant to Internet to online media company, here's how you should invest in China stocks amid the protracted trade war.

  • BIDU vs. SHOP: Which Stock Is the Better Value Option?
    Zacks

    BIDU vs. SHOP: Which Stock Is the Better Value Option?

    BIDU vs. SHOP: Which Stock Is the Better Value Option?

  • 5 Stocks With Recent Price Strength Despite Trade Jitters
    Zacks

    5 Stocks With Recent Price Strength Despite Trade Jitters

    Investors target stocks that have been on a bullish run lately. Actually, stocks seeing price strength have a high chance of carrying the momentum forward.

  • What Kind Of Shareholders Own Ctrip.com International, Ltd. (NASDAQ:CTRP)?
    Simply Wall St.

    What Kind Of Shareholders Own Ctrip.com International, Ltd. (NASDAQ:CTRP)?

    The big shareholder groups in Ctrip.com International, Ltd. (NASDAQ:CTRP) have power over the company. Institutions...

  • JD.com, Inc. (JD) Gains As Market Dips: What You Should Know
    Zacks

    JD.com, Inc. (JD) Gains As Market Dips: What You Should Know

    JD.com, Inc. (JD) closed at $31.24 in the latest trading session, marking a +0.77% move from the prior day.

  • Why NetEase (NTES) Might be Well Poised for a Surge
    Zacks

    Why NetEase (NTES) Might be Well Poised for a Surge

    NetEase (NTES) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

  • Baidu Inc. (BIDU) Outpaces Stock Market Gains: What You Should Know
    Zacks

    Baidu Inc. (BIDU) Outpaces Stock Market Gains: What You Should Know

    Baidu Inc. (BIDU) closed at $107.20 in the latest trading session, marking a +1.65% move from the prior day.

  • YY or YELP: Which Is the Better Value Stock Right Now?
    Zacks

    YY or YELP: Which Is the Better Value Stock Right Now?

    YY vs. YELP: Which Stock Is the Better Value Option?

  • Is YY (YY) a Great Value Stock Right Now?
    Zacks

    Is YY (YY) a Great Value Stock Right Now?

    Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

  • Internet-Software & Services Outlook: Ripe for the Picking
    Zacks

    Internet-Software & Services Outlook: Ripe for the Picking

    Internet-Software & Services Outlook: Ripe for the Picking

  • Top Stock Picks for Week of October 14, 2019
    Zacks

    Top Stock Picks for Week of October 14, 2019

    Two More Strong Buy Stocks to Consider.

  • Is Autohome Inc. (NYSE:ATHM) Trading At A 30% Discount?
    Simply Wall St.

    Is Autohome Inc. (NYSE:ATHM) Trading At A 30% Discount?

    In this article we are going to estimate the intrinsic value of Autohome Inc. (NYSE:ATHM) by estimating the company's...

  • Alibaba, Trade Desk, JD, Roku Lead Tech Gains Today
    Market Realist

    Alibaba, Trade Desk, JD, Roku Lead Tech Gains Today

    Shares of tech companies Alibaba, JD.com, the Trade Desk, and Roku are up today. The broader indexes have also opened higher on trade talk optimism.

  • InterXion (INXN) Surges: Stock Moves 6.7% Higher
    Zacks

    InterXion (INXN) Surges: Stock Moves 6.7% Higher

    InterXion (INXN) saw a big move last session, as its shares jumped nearly 7% on the day, amid huge volumes.

  • JD.com, Inc. (JD) Outpaces Stock Market Gains: What You Should Know
    Zacks

    JD.com, Inc. (JD) Outpaces Stock Market Gains: What You Should Know

    JD.com, Inc. (JD) closed at $28.58 in the latest trading session, marking a +0.7% move from the prior day.

  • Nasdaq CEO: Chinese IPOs are 'in our economic interest'
    Yahoo Finance

    Nasdaq CEO: Chinese IPOs are 'in our economic interest'

    Adena Friedman, the CEO of Nasdaq, said it is best for the U.S. to keep the door open to Chinese companies.

  • Delisting Woes: Make Trade, Not War
    Market Realist

    Delisting Woes: Make Trade, Not War

    If Shakespeare were an investor in today’s market, maybe he'd have said, "To delist, or not to delist, that is the question," instead.

  • Facebook Settles with Advertisers
    Zacks

    Facebook Settles with Advertisers

    Facebook (FB) has agreed to pay $40 million to settle a case with advertisers that it maintains is "without merit."

  • Gamers Boycott Blizzard After Protest Sympathizer Is Banned
    Bloomberg

    Gamers Boycott Blizzard After Protest Sympathizer Is Banned

    (Bloomberg) -- Activision Blizzard Inc. is facing a fierce backlash and calls for a boycott after a unit of the American video-game company punished a player for supporting Hong Kong’s protest movement, the latest cultural clash between the U.S. and China.Blizzard Entertainment banned Ng Wai Chung, known as Blitzchung, from its Grandmasters esports competition for a year and withheld prize money he had already won after he used a slogan from Hong Kong’s pro-democracy movement. Players and fans around the world immediately responded with outrage over what they view as heavy-handed punishment and kowtowing to Chinese censorship. The topic erupted online, with blizzardboycott trending on Twitter.“I will never play Blizzard’s game from now on, unless they apologize to blitzchung and to HK people. Blizzard sucks,” one person wrote on a forum discussion thread called ‘Solidarity with Blitzchung, Censored by Blizzard.’Hong Kong’s protests have sparked escalating clashes between Beijing and the rest of the world. The National Basketball Association was engulfed in controversy after the general manager of the Houston Rockets expressed support for the protesters, leading China’s broadcasters to pull NBA games and local companies to drop Rockets products. Apple Inc. was blasted by the Communist Party’s flagship newspaper for carrying an app and song embraced by the movement.China’s Online Army Shows Foreign Brands Who’s in ChargeThe Blizzard incident began when Ng -- dressed in a gas mask and goggles in defiance of authorities’ ban on face masks -- used the phrase “Liberate Hong Kong, revolution of our age!” during a post-match interview. Blizzard, developer of games like World of Warcraft and Hearthstone, said in a statement it instituted the ban to “prevent similar incidents” in the future. On the China microblogging site Weibo, Blizzard’s statement in Chinese was: “We will, as always, resolutely safeguard the country’s dignity.”The blowback was immediate. In South Korea, Blizzard became a top trending subject on Twitter with people saying the company “prioritizes money over human rights” and that it is “crazy” and “‘disappointing.” In the U.S., an influential former Blizzard employee, Mark Kern, rebuked the company.“You screwed up and traded your players in for dollars,” he tweeted. “There is keeping politics out of games, then there is grand standing to appease the Chinese Communist Party.”Gaming websites reported on protests by Blizzard staff. Rock Paper Shotgun said Wednesday employees at the headquarters in Orange County, California, covered core values cast in bronze in a sculpture outside the offices that read “Think Globally” and “Every Voice Matters.” They also held umbrellas, a symbol of the movement.The website Kotaku was critical, with a headline that read: “Blizzard’s Company Values Don’t Mean Much Today.”Contacted for comment, Activision Blizzard reiterated in a statement plans to enforce its established rules of conduct: “While we stand by one’s right to express individual thoughts and opinions, players and other participants that elect to participate in our esports competitions must abide by the official competition rules.”Activision Blizzard joins a number of international companies embroiled in controversy around free speech linked to China. Luxury brands like Versace, Coach and Givenchy have all fallen foul of Beijing’s demands to refer to both Hong Kong and Taiwan as parts of its territory and not suggest they are independent nations. During the summer, China also requested more than 40 foreign airlines stop referring to China, Hong Kong and Taiwan as separate countries.“As you know, there are serious protests in my country now,” Ng said in a statement to gaming blog Inven Global. “My call on stream was just another form of participation of the protest that I wish to grab more attention.”Activision Blizzard has tie-ups with Chinese gaming houses Tencent Holdings Ltd. and NetEase Inc. to distribute -- and in some cases co-develop -- new entries in beloved franchises like Call of Duty and Diablo in the world’s biggest video game market and beyond.One player explained how much they enjoyed playing Blizzard’s World of Warcraft, but would be stepping back from it and joining the boycott.“I hit level 45 tonight so when I read the news I was extremely sad,” the person wrote. “I can put up with a lot, but if it’s someone’s freedom or my money, I will gladly give up my favorite game so that others can have the same freedoms I enjoy.”(Updates with gaming website protests in eighth paragraph)\--With assistance from Lulu Yilun Chen and Jihye Lee.To contact the reporters on this story: Zheping Huang in Hong Kong at zhuang245@bloomberg.net;Gregor Stuart Hunter in Hong Kong at ghunter21@bloomberg.netTo contact the editors responsible for this story: Edwin Chan at echan273@bloomberg.net, Peter Elstrom, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • TikTok Sets Google and Weibo on a Collision Course
    Market Realist

    TikTok Sets Google and Weibo on a Collision Course

    Google (GOOGL) might acquire video app Firework in a bid to counter TikTok, according to a Wall Street Journal report on October 4.