Top 10 Industrial Disributor Companies For 2015: Dollar/Yen (YY)
YY Inc., through its subsidiaries, operates an online social platform in the People's Republic of China. It provides YY Client, a personal computer based user software that offers real-time access to user-created online social activities groups. The company also offers Web-based YY that enables users to conduct real-time interactions on the Web without any downloads or installations; and Mobile YY, a smartphone application. In addition, it operates Duowan.com, a game media Website that provides information on online games and other resources for users and online game players. The company was founded in 2005 and is based in Guangzhou, the People's Republic of China.
Advisors' Opinion:- [By Roberto Pedone]
Another earnings short-squeeze prospect is China-based online social platform operator YY Inc. (YY), which is set to release numbers on Tuesday after the market close. Wall Street analysts, on average, expect YY Inc. to report revenue of $152.54 million on earnings of 76 cents per share.
The current short interest as a percentage of the float for YY Inc. is very high at 15.3%. That means that out of 27.61 million shares in the tradable float, 4.22 million shares are sold short by the bears. This is a large short interest on a stock with a very low tradable float. Any bullish earnings news could easily set off a large short-squeeze post-earnings that forces the bears to close out some of their short positions.
From a technical perspective, YY is currently trending above both its 50-day and 200-day moving averages, which is bullish. This stock has been uptrending over the last few weeks, with shares moving higher from its low of $67.10 to its recent high of $86 a share. During that uptrend, shares of YY have been consistently making higher lows and higher highs, which is bullish techn! ical price action. That move has now pushed shares of YY within range of triggering a near-term breakout trade post-earnings.
If you're bullish on YY, then I would wait until after its report and look for long-biased trades if this stock manages to break out above some near-term overhead resistance levels at $85 to $86 a share with high volume. Look for volume on that move that registers near or above its three-month average action of 1.53 million shares. If that breakout develops post-earnings, then YY will set up to re-test or possibly take out its next major overhead resistance levels at $92 to its all-time high at $96.39 a share. Any high-volume move above $96.39 a share will then give YY a chance to tag or trend north of $100 a share.
I would simply avoid YY or look for short-biased trades if after earnings it fails to trigger that breakout and then
- [By Monica Gerson]
YY (NASDAQ: YY) shares dropped 1.89% to $79.95 in pre-market trading after the company announced a proposed offering of $400 million convertible senior notes.
- [By Tom Taulli]
So what are the overlooked social stocks to take a look at? Here are the top three:
YY (YY)Based in China, YY (YY) operates a social media platform that allows users to communicate in real-time via voice, text and video. Some of the activities include karaoke, online games, music concerts and even e-learning.
- [By MONEYMORNING]
Just look at what happened with YY Inc. (ADR) (Nasdaq: YY). The firm went public in December 2012, and KWEB got on board.
In fact, the fund has invested 3.4% of its assets in YY, which despite the market's recent weakness is up nearly 450% since the stock began trading in the U.S.
source from Top Stocks For 2015:http://www.topstocksblog.com/top-10-industrial-disributor-companies-for-2015-3.html
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