Sina Stock Remains a Buy, Amazon Has Skeptical Analyst of Future Kindle Sales
The market volatility has calmed down quite a bit on Monday as the markets flatten out ahead of earnings season. Analysts released their latest in-depth reports on the following companies. Here’s your cheat sheet:
Sina Corp. (NASDAQ:SINA): SINA won’t face costs for verification, says Roth Capital. After meeting with SINA’s management, Roth Capital reports that the company doesn’t expect its costs to rise as a result of new rules forcing it to verify users’ names. The firm believes that concerns about this issue are overblown, and it reiterates a Buy rating.
Perfect World Co., Ltd. (NASDAQ:PWRD): Perfect World shares defended at Susquehanna. Susquehanna spoke with Perfect World management who refuted the circulating comments about its CEO Chi Yufeng and said the CEO is seeking legal actions toward the creator.
Amazon.com Inc. (NASDAQ:AMZN): Amazon.com Kindle estimates ex Fire lowered at Goldman. Goldman lowered Amazon.com lowered Kindle eReader shipments, ex Fire, to 25M from a previous estimate as high as 35M. The firm expects the Fire to be at the high end of its 15.5M-20.5M range for 2012 and made no changes to estimates. Shares are Neutral rated.
Global Payments Inc. (NYSE:GPN): Global Payments shares should be bought on weakness, says Wells Fargo. After Global Payments reported results that Wells Fargo views as mixed and the stock dropped on Friday, the firm expects the stock to advance in 2012, as it anticipates that the company’s fundamentals will remain solid. The firm thinks that the company’s margins may increase and it maintains an Outperform rating.
Further Reading: Dow 30 Stocks: 2012 Quarterly Earnings Preview>>
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