Gaotu Techedu Inc (NYSE: GOTU ), New Oriental Education & Tech Grp (NYSE: EDU ) and TAL Education Group (NYSE: TAL ) shares are trading higher by 6.90% to $1.24, 11.30% to $24.53 and 6.28% to $5.08 Monday morning. Shares of Chinese companies at large are trading … Full story available on Benzinga.com
New Oriental Education & Technology Group Inc. (NYSE:EDU) closed Tuesday at $26.20 per share, down from $27.03 a day earlier. While New Oriental Education & Technology Group Inc. has underperformed by -3.07%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, EDU rose by 11.02%, with highs […]
Chinese tech stocks are rising as the threat of delisting recedes, amid strong earnings from Baidu (NASDAQ: BIDU ) and Pinduoduo (NASDAQ: PDD ). A tentative deal on U.S. regulators gaining access to the audits of Chinese companies listed in the U.S. was the main catalyst. The agreement means Chinese stocks may now be valued more on results, rather than just political tensions. If China is recovering from its Covid-19 lockdowns many shares will be getting a second look. The government of President Xi Jinping is also trying to goose growth ahead of his October re-election. Chinese Stocks: Not All Junk The shopping site Pinduoduo was the star among Chinese Stocks today. It delivered earnings of $1.33 billion on revenue of $4.7 billion for its most recent quarter. Both figures handily beat analyst estimates. Bank of America raised its price target on PDD to $89. It opened on Aug. 30 at $68. The shares are now up 20% on the year. Baidu had a net income of $543 million, $1.49/share under GAAP, on revenue of $4.4 billion.
A pair of positive developments buoyed Chinese stocks.
AMTD Digital Inc. (NYSE: HKD ) dipped 21.8% to $563.71 on possible profit taking after the stock surged over the last few trading days. AMTD IDEA Group (NYSE: AMTD ) fell 16% to $3.9299 after gaining over 8% on Friday. Pagaya Technologies Ltd. (NASDAQ: PGY ) dropped 13.5% to $19.69. Palantir Technologies Inc. (NYSE: PLTR ) fell 12.2% to $10.06 after the company reported worse-than-expected earnings results and issued weak guidance. New Oriental Education & Technology Group Inc. (NYSE: EDU ) dropped 11.3% to $23.82. WeTrade Group, Inc. (NASDAQ: WETG ) fell … Full story available on Benzinga.com
New Oriental Education & Technology Group Inc. (NYSE:EDU) traded at $26.84 at close of the session on Friday, 08/05/22, made a downward move of -1.07% on its previous day’s price. Looking at the stock we see that its previous close was $27.13 and the beta (5Y monthly) reads 0.37 with the day’s price range being … New Oriental Education & Technology Group Inc.’s Stock Price Soared Recently, But There Might Be Trouble Ahead Read More »
New Oriental Education & Technology Group Inc. (EDU)’s stock is trading at $26.37 at the moment marking a rise of 0.34% from the last session close. As of this writing, shares are priced at -11.30% less than their 52-week high of $29.73, and 213.93% over their 52-week low of $8.40. Based on the past 30-day […]
TAL Education Group (TAL) Q2 2022 Earnings Conference Call July 29, 2022, 04:30 PM ET Company Participants Chris Finn - CFO Tyson Seely - VP, IR George Colony - Chairman & CEO Kelley…
TAL Education Group (TAL) is seeking to stay on the NYSE despite threats of delisting from the SEC.
The U.S. Securities and Exchange Commission has added TAL Education and two other firms to its list of Chinese companies that could be delisted.
TAL Education Group (TAL) and Mercury Fintech (MFH) were added to a list of companies that face possible delisting from U.S
NEW YORK , June 24, 2022 /PRNewswire/ -- The latest market analysis report titled Digital Education Content Market by End-user and Geography - Forecast and Analysis 2022-2026 has been recently added to Technavio''s catalog. The report also projects the market to witness a potential growth difference of USD 47.10 billion from 2021 to 2026. The digital education content market will also witness an accelerating growth momentum at a CAGR of 11.94% during the projected period. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The r apid penetration of internet-enabled devices is driving the digital education content market growth positively. However, the increased availability of open educational resources may impede the market growth. View Market Report for more insights on CAGR and YOY growth variance analysis Digital Education Content Market Scope Report Coverage Details Page number 120 Base year 2021 Forecast period 2022-2026 Growth momentum & CAGR Accelerate at a CAGR of 11.94% Market growth 2022-2026 $ 47.10 billion Market structure Fragmented YoY growth (%) 10.34 Regional analysis North America, APAC, Europe, South America, Middle East and Africa, China, US, Canada, Germany, and UK Performing market contribution North America at 47% Key consumer countries US, Canada, China, UK, and Germany Competitive landscape Leading companies, competitive strategies, consumer engagement scope Companies profiled Adobe Inc., Ambow Education Holding Ltd., Apollo Global Management Inc., Articulate Global Inc., Cambridge University Press, Cengage Learning Holdings II Inc., Coursera Inc., D2L Corp., Echo360 Inc., Edutech, MPS Ltd., New Oriental Education and Technology Group Inc., NIIT Ltd., Oxford University Press, Pearson Plc, Providence Equity Partners LLC, Purdue University, TAL Education Group, Think and Learn Pvt.
Futures Rise As ECB Panics And Fed Looms After five days of non-stop losses, US index futures finally bounced modestly along with stocks in Europe as the ECB announced it would hold an emergency meeting to undo the damage done by its meeting from last week, and ahead of the Fed which today will hike by 75bps, the most since 1994, and will then scramble to undo the damage from pushing the US into a recession in coming days and weeks. Contracts on the S&P 500 and Nasdaq 100 posted modest gains, rising 0.8% and 1% respectively, ahead of the Fed, with markets fully pricing in the biggest rate hike since 1994 amid worries about the outlook for the economy. Europe''s Stoxx Europe 600 index jumped more than 1%, snapping a six-day losing streak, while the euro strengthened and the region’s bonds advanced as the European Central Bank’s Governing Council started an emergency meeting. Treasury yields dipped and the dollar retreated from a two-year high. In premarket trading, major technology and internet stocks are higher in premarket trading along with US stock futures ahead of Wednesday’s Federal Reserve announcement, with investors expecting a 75 basis-point increase in rates.
Chinese tech companies continue to report solid Q1 earnings results, despite COVID lockdowns that have significantly affected the country.
Companies Reporting Before The Bell • Weyerhaeuser (NYSE: WY ) is projected to report quarterly earnings at $1.19 per share on revenue of $2.93 billion. • Magna International (NYSE: MGA ) is estimated to report quarterly earnings at $1.59 per share on revenue of $9.31 billion. • MISTRAS Group (NYSE: MG ) is estimated to report earnings for its first quarter. • TC Energy (NYSE: TRP ) is projected to report quarterly earnings at $1.11 per share on revenue of $3.60 billion. • Professional Holding (NASDAQ: PFHD ) is expected to report quarterly earnings at $0.34 per share on revenue of $19.54 million. • nVent Electric (NYSE: NVT ) is projected to report quarterly earnings at $0.44 per share on revenue of $625.66 million. • Chart Industries (NYSE: GTLS ) is estimated to report quarterly earnings at $0.55 per share on revenue of $354.90 million. • TAL Education (NYSE: TAL ) is estimated to report quarterly loss at $0.12 per share on revenue of $1.33 billion. • W.P. Carey (NYSE: WPC ) is projected to report quarterly earnings at $0.
US shares of TAL Education Group and New Oriental Education & Technology Group Inc dropped more than 50% after news that the government is barring tutoring for profit in core school subjects
TAL Education Group (TAL) with the stream of -67.62% also noticed, India Adamis Pharmaceuticals Corporation (ADMP) encountered a rapid change of -3.77% in the last hour of Fridays trading session. The post Investors Alert (ATR Analysis): TAL Education Group (NYSE:TAL), Adamis Pharmaceuticals Corporation (NASDAQ:ADMP) appeared first on Stocks Equity .
The post After School Tutoring Receives Double Reduction, Week In Review appeared on BitcoinEthereumNews.com . BEIJING, CHINA NOVEMBER 25: Tom Zhang Bangxin, Founder/CEO of TAL Education Group, speaks during [+] 2019 Global Education Summit on November 25, 2019 in Beijing, China. (Photo by
NEW YORK, July 23, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for TAL, CEMI, AZRX, WISA, and GE. To see how InvestorsObserver''s proprietary scoring system rates these stocks, view the InvestorsObserver''s PriceWatch Alert by selecting the corresponding link.
Summary List Placement US tech stocks stand to gain from China''s increased regulatory scrutiny on Didi and others. The regulatory crackdown represents "a major black eye" for the Chinese tech sector, Wedbush said in a note on Friday. As investors rotate out of China and into US tech stocks, the Nasdaq could surge 10% into year-end, according to Wedbush. Sign up here for our daily newsletter, 10 Things Before the Opening Bell . China''s increased regulatory crackdown on stocks like Didi and Alibaba will drive a major rotation out of China tech stocks and into US tech stocks, Wedbush analyst Dan Ives said in a note on Friday. Ives sees the Nasdaq surging 10% to 16,000 by year-end, driven by a "nirvana set up" for mega-cap tech stocks as growth stories continue to unfold as part of the "$2 trillion digital transformation," Ives explained. In recent weeks, ongoing regulatory scrutiny has hampered Chinese tech companies, with Didi falling to a post-IPO low on Friday as Beijing considers unprecedented penalties on the ride-hailing company.
China Stocks Tumble After Beijing Said To Plan Edtech Crackdown Another day, another communist crackdown by Beijing on a booming private sector, another plunge in Chinese stocks as the facade of " socialism capitalism with Chinese characteristics" is slowly chipped away. Chinas government is planning a crackdown on the countrys booming off-campus tutoring industry, in one of the biggest overhauls of the education sector that sent dozens of publicly listed stocks tumbling in Shanghai and Hong Kong, as part of a sweeping set of constraints that could decimate the countrys $100 billion education tech industry, sending shares crashing. According to SCMP, in one of the biggest overhauls in local edtech industry, local authorities will ask companies that offer tutoring on the school curriculum to go non-profit; they will also ban the provision of holiday and weekend tutoring, "and will no longer approve the establishment of new tuition centres, according to sources briefed on a newly released policy document promulgated by the State Council." As part of this non-profit conversion, companies that operate edtech platforms, or services that provide online education, will not longer be allowed to raise capital through initial public offerings.
BEIJING , July 23, 2021 /PRNewswire/ -- TAL Education Group (NYSE: TAL) ("TAL" or the "Company"), a leading K-12 after-school tutoring services provider in China , today noted that certain English and Chinese language media outlets reported that the PRC regulators are considering a new set of regulations concerning after-school tutoring service related to school subjects taught in China''s compulsory education system. The regulations have not been published, and the Company has not received official notification of the regulations. It''s the Company''s policy not to comment on market speculations. About TAL Education Group TAL Education Group is a leading K-12 after-school tutoring services provider in China . The acronym "TAL" stands for "Tomorrow Advancing Life", which reflects our vision to promote top learning opportunities for Chinese students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive tutoring services to students from pre-school to the twelfth grade through three flexible class formats: small classes, personalized premium services, and online courses.
NEW YORK , July 19, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for XERS, AFIB, VBLT, NOK, and TAL. Full story available on Benzinga.com
"World''s Most Bearish Hedge Fund" Goes Short Tech The world''s financial graveyards are covered with the career tombstones of those who, over the past decade, have called the end to a tech bubble that not only has yet to pop but has culminated with just 5 tech names - the FAAMGs - comprising 23% of the S&P''s market cap vastly surpassing the lofty dot com days, with a combined valuation of over $7 trillion. Among those who were steamrolled by the tech juggernaut is Ned David Research, traditionally known for its accurate market timing calls if certainly not this time: two months ago it slapped a sell reco on tech right before it ripped the bears'' faces off and embarked on a 14% rally. And then, just as the FAAMGs fell out of bed late last week, the firms strategists pulled a Gartman, and abandoned their underweight stance, expecting that the rotation out of reflation and into growth, coupled with a plunge in yields, will lead to more tech buying when we may well be facing the first market rout since March considering last week''s coordinate selloff. The rapidly evolving COVID landscape, coupled with the Feds more hawkish tone at the June FOMC meeting have gone against cyclical Value sectors that tend to be positively correlated to interest rates and the yield curve, said Ned Davis strategist Rob Anderson. The progression of the virus will likely influence whether Growth or Value sectors gain the upper hand in the second half. After trailing small-cap stocks which were the biggest beneficiaries of economic reopening, the Russell 100 Index erased its underperformance last Wednesday.
Summary List Placement Just days after Didi Global ''s $4.4 billion initial public offering in New York, the Cyberspace Administration of China launched an investigation into the country''s largest ride-hailing provider. Since then, Chinese regulators have ordered not only the Didi app but also 25 apps it operates to be deleted from smartphone app stores. The drastic moves had cost the company more than $10 billion in market value as of Friday. The sell-off quickly spread to other US-listed Chinese stocks after the internet regulator proceeded to propose rules that would require tech companies to seek cybersecurity checkups before they can pursue overseas listings. The KraneShares CSI China Internet Fund ETF (KWEB) and Invesco Golden Dragon China Portfolio ETF (PGJ) were down 3.29% and 4.65% respectively over the past week. Chinese companies have long gone public via a variable interest entity structure that bypasses the country''s restrictive foreign ownership rules in sensitive sectors.
TAL Education Group (NYSE:TAL) with the stream of 12.05% also noticed, India Teva Pharmaceutical Industries Limited (NYSE:TEVA) encountered a rapid change of 1.70% in the last hour of Fridays trading The post Golden Stock: TAL Education Group (NYSE:TAL), Teva Pharmaceutical Industries Limited (NYSE:TEVA) appeared first on Stocks Equity .
JD.com, Inc. (JD) with the stream of -3.21% also noticed, India TAL Education Group (TAL) encountered a rapid change of -3.45% in the last hour of Thursdays trading session. JD.com, The post Do Analysts Think You Should Buy: JD.com, Inc. (NASDAQ:JD), TAL Education Group (NYSE:TAL) appeared first on Stocks Equity .
Related Stocks: BILI , PDD ,
NEW YORK , July 8, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for WISH, DARE, QFIN, TAL, and LI. Full story available on Benzinga.com
TAL Education Group (NYSE: TAL ) shares are trading lower by 6% at $23.68 amid renewed COVID-19 concerns in the Asia-Pacific region, including concerns over the Delta Full story available on Benzinga.com
This is a reversal of the price action on the previous hour, in which price moved down. The post TAL Education Group (TAL): Price Now Near $23.8; Daily Chart Shows Downtrend on 20 Day Basis appeared first on ETF Daily News .
Amazon.com, Inc. (NASDAQ:AMZN) with the stream of -1.39% also noticed, India TAL Education Group (NYSE:TAL) encountered a rapid change of -2.10% in the last hour of Fridays trading session. Amazon.com, The post Is the Stock Safe to Invest? Amazon.com, Inc. (NASDAQ:AMZN), TAL Education Group (NYSE:TAL) appeared first on Stocks Equity .
Intel Corporation (NASDAQ:INTC) with the stream of 1.18% also noticed, India TAL Education Group (NYSE:TAL) encountered a rapid change of 8.00% in the last hour of Thursdays trading session. Intel The post Investors are Unsure How to React (Brief Analysis): Intel Corporation (NASDAQ:INTC), TAL Education Group (NYSE:TAL) appeared first on Stocks Equity .
Taro Pharmaceutical Industries : Annual Report (SEC Filing - 20-F) Marketscreener.com
Analysts have provided the following ratings for TAL Education (NYSE:
Analysts have provided the following ratings for TAL Education (NYSE: TAL ) within the last quarter: Last 30 Days 1 Month Ago 2 Months Ago 3 Months Ago Bullish 0 0 1 0 Somewhat Bullish 0 0 1 0 Indifferent 1 0 1 0 Somewhat Bearish 0 1 0 0 Bearish 0 0 0 0 In the last 3 months, 5 analysts have offered 12-month price targets for TAL Education. The company has an average price target of $53.9 with a high of $80.00 and a low of $21.50. This current average represents a 33.18% increase from the previous average price target of Full story available on Benzinga.com
Bionano Genomics, Inc. (BNGO) with the stream of -1.61% also noticed, India TAL Education Group (TAL) encountered a rapid change of 1.50% in the last hour of Tuesdays trading session. The post Do the Stock Experienced Heavy Trading? Bionano Genomics, Inc. (NASDAQ:BNGO), TAL Education Group (NYSE:TAL) appeared first on Stocks Equity .
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