Hindsight is good to have, but foresight is better and rarer to possess. However, Foresight is exactly what the Bulls at Amigo excel at and Netease’s quarterly performance would give you a fair taste of our foresight. Netease (NASDAQ: NTES), the Chinese online gaming company, one of our favorite stocks, announced its June 2013 ending quarterly results last evening. And well if you haven’t still seen the results, then this is what anybody would call a trailblazing quarter. Netease reported a revenue increase of 20%Y/Y with an earnings increase of 26% Y/Y beating analyst estimates for the fifth straight quarter. Add to that a Net Income margin of over 40% and you might be kicking yourself for missing out on this one.
The stock price is up 5.8% in after-hours trading and with such a strong quarterly performance, the Bulls at Amigo won’t be surprised if the buoyancy of the investor sentiments pushes the stock further up once markets open tomorrow. However, this is just one of our favorite stocks and if you are wondering what are our other favorite stocks, then do check our top 5 fundamental stock picks. Also If you haven’t yet benefited from our top picks, do check them out coz its better late than Never.
To see Netease latest stock price movement, click here (NASDAQ: NTES)
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Disclaimer: We do not hold any stake in the aforesaid stocks. For detailed disclaimer, please click here.