Weibo Stock (NASDAQ:WB), Trade Ideas

Weibo

Weibo Corp is a China-based company mainly engaged in the social media advertising business for people to create, discover and distribute content. The Company's activities include Advertising and Marketing, which mainly provides a full range of advertising customization and marketing solutions. The Value-added Services mainly provide services such as membership services on social platforms, online games, live broadcasts, social e-commerce, and others. The Company's main product is the social platform Weibo.

News

Markets

Trading Ideas

Weibo (NASDAQ: WB) stock is deeply undervalued and ripe for a reversal. The stock is trading at only 5x its earnings, the lowest among China&#39;s social media operators, and analysts see nothing but upside.

Deeply Undervalued Weibo Stock Is Ripe for a Reversal

Analyst Color

Downgrades

Price Target

Analyst Ratings

Movers

When Weibo Corp (NASDAQ: WB) reported mixed fourth-quarter results, the recovery in its advertising revenues was softer than anticipated in 2023.

Weibo Recovery Still In The Works Due To Soft Ad Revenue, Analyst No Longer Bullish

Bull and bear stock market index

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Equities

Large Cap

Macro Economic Events

Mid Cap

Bonds

Broad U.S. Equity ETFs

Commodities

Small Cap

Economics

Federal Reserve

Intraday Update

Tech

ETFs

ADBE

BLNK

CDLX

COIN

SPDR Dow Jones Industrial Average ETF Trust

GIII

HOOD

MARA

NVDA

RIOT

SMAR

iShares Trust Barclays 20+ Year Treasury Bond Fund

TSLA

ULTA

XLRE

ZUMZ

Traders disappointed as hopes for rate cut dashed by higher inflation, leading to negative trading in US equity indices and rising Treasury yields.

Stocks Fall As Hot Inflation Data Derails Fed Cut Bets, Bonds Tumble, VIX Rallies, Oil Tops $80: What&#39;s Driving Markets Thursday? (CORRECTED)

Weibo Corporation - American Depositary Shares

Weibo Corp

Walgreens Boots Alliance, Inc. - Common Stock

Walgreens Boots Alliance Inc

WisdomTree Trust WisdomTree Battery Value Chain and Innovation Fund

WB Burgers Asia Inc

WB BURGERS ASIA INC NEW by WB Burgers Asia Inc.

WESTBURY BANCORP INC by Westbury Bancorp, Inc.

Westbury Bancorp Inc

Warner Bros. Discovery, Inc. - Series A Common Stock

Warner Bros. Discovery Inc

Wynn Interactive, Ltd

Wrapped Beacon ETH - United States Dollar

Winc Inc

WILSON BK HLDG CO by Wilson Bank Holding Company

Wilson Bank Holding Co

WBI BullBear Value 3000 ETF

WBI BullBear Yield 3000 ETF

WBI BullBear Quality 3000 ETF

WBI Power Factor High Dividend ETF

Wrapped BNB

Western Asset Total Return ETF

WESTBOUND ENTERPRISES CRP by Westbond Enterprises Corp.

WestBond Enterprises Corp

Woodbridge Liquidation Trust

WIENERBERGER BAUSTOFF AG by Wienerberger Baustoffindustrie AG

Wienerberger AG

WIENERBERGER BSTOFF S/ADR by Wienerberger Baustoffindustrie AG

WILD BRUSH ENERGY INC by Wild Brush Energy, Inc.

Wild Brush Energy Inc

Webster Financial Corporation Common Stock

Webster Financial Corp

WEBSTAR TECHNOLOGY GROUP by Webstar Technology Group Inc.

Webstar Technology Group Inc

Webster Financial Corporation Depositary Shares, Each Representing 1/1,000th Interest in a Share of 5.25% Series F Non-Cumulative Perpetual Preferred Stock

Webster Financial Corporation Depositary Shares, each representing a 1/40th interest in a share of 6.50% Series G non-cumulative perpetual preferred stock

Wrapped Bitcoin

Westbrook Thompson Shs CDT-Overriding Royalty Units

Westbrook Thompson

Weebit Nano Ltd

Webuy Global Ltd

WU BA SUPERIOR PRODUCTS by WU BA Superior Products Holding Group Inc.

WU BA Superior Products Holding Group Inc

Wallbox NV

Wallbox N.V. Warrants, each warrant to purchase one Class A Ordinary Share

WASHINGTON BUSINESS BK by Washington Business Bank

Washington Business Bank

<h3>Gainers</h3>
<ul>
<li>Motorsport Games (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSGM#NASDAQ">MSGM</a>) shares rose 14.4% to $3.34 during Thursday's regular session. The company's market cap stands at $9.0 million. </li>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSEP#NASDAQ">CSSEP</a>) stock rose 14.09% to $0.51. </li>
<li>Hanryu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) stock rose 12.15% to $0.37. The market value of their outstanding shares is at $19.4 million. </li>
<li>Paltalk (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PALT#NASDAQ">PALT</a>) shares moved upwards by 11.81% to $3.88. The company's market cap stands at $35.7 million. </li>
<li>Reddit (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) shares increased by 8.81% to $45.8. The market value of their outstanding shares is at $7.4 billion. </li>
<li>Kuke Music Hldg (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KUKE#NYSE">KUKE</a>) stock moved upwards by 8.59% to $2.71. The company's market cap stands at $90.2 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>CuriosityStream (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CURI#NASDAQ">CURI</a>) shares declined by 18.6% to $1.18 during Thursday's regular session. The company's market cap stands at $62.8 million. </li>
<li>9F (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFU#NASDAQ">JFU</a>) shares decreased by 13.04% to $2.7. The company's market cap stands at $31.8 million. </li>
<li>Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) shares fell 9.38% to $5.51. The market value of their outstanding shares is at $1.0 billion. </li>
<li>HWH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) shares decreased by 9.38% to $1.16. The company's market cap stands at $18.8 million. </li>
<li>Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) shares declined by 9.34% to $8.11. The company's market cap stands at $1.9 billion. </li>
<li>Anghami (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGH#NASDAQ">ANGH</a>) stock decreased by 8.47% to $1.19. The company's market cap stands at $79.3 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ANGH

CSSEP

CURI

HRYU

KUKE

MOMO

MSGM

PALT

RDDT

12 Communication Services Stocks Moving In Thursday's Intraday Session

<h3>Gainers</h3>
<ul>
<li>So-Young Intl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SY#NASDAQ">SY</a>) stock moved upwards by 8.8% to $1.24 during Thursday's pre-market session. The market value of their outstanding shares is at $127.3 million. </li>
<li>Travelzoo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TZOO#NASDAQ">TZOO</a>) stock moved upwards by 7.34% to $10.23. The company's market cap stands at $135.0 million. </li>
<li>FingerMotion (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FNGR#NASDAQ">FNGR</a>) stock increased by 6.26% to $3.39. The company's market cap stands at $178.6 million. </li>
<li>Mobile Global Esports (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGAM#NASDAQ">MGAM</a>) stock moved upwards by 5.94% to $0.18. The company's market cap stands at $3.8 million. </li>
<li>HWH International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HWH#NASDAQ">HWH</a>) stock rose 5.46% to $1.35. The company's market cap stands at $21.9 million. </li>
<li>MediaCo Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDIA#NASDAQ">MDIA</a>) stock rose 5.03% to $4.38. The market value of their outstanding shares is at $113.9 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) stock declined by 6.5% to $8.36 during Thursday's pre-market session. The market value of their outstanding shares is at $2.0 billion. </li>
<li>Gaxos.AI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GXAI#NASDAQ">GXAI</a>) stock fell 5.8% to $6.5. The market value of their outstanding shares is at $7.1 million. </li>
<li>Gamer Pakistan (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPAK#NASDAQ">GPAK</a>) stock decreased by 5.56% to $0.2. The market value of their outstanding shares is at $5.0 million. </li>
<li>Outbrain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OB#NASDAQ">OB</a>) shares fell 4.98% to $3.82. The company's market cap stands at $187.3 million. </li>
<li>Hello Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MOMO#NASDAQ">MOMO</a>) shares fell 4.12% to $5.83. The market value of their outstanding shares is at $1.0 billion. </li>
<li>Global Mofy Metaverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) shares declined by 3.88% to $0.95. The company's market cap stands at $27.1 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

FNGR

GPAK

GXAI

MDIA

MGAM

TZOO

12 Communication Services Stocks Moving In Thursday's Pre-Market Session

In the preceding three months, 4 analysts have released ratings for Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>), presenting a wide array of perspectives from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $10.47, a high estimate of $11.50, and a low estimate of $9.80. This current average represents a 20.98% decrease from the previous average price target of $13.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1711627301_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
The perception of Weibo by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Timothy Zhao</td>
<td>Goldman Sachs</td>
<td>Announces</td>
<td>Neutral</td>
<td>$10.60</td>
<td>-</td>
</tr>
<tr>
<td>Zhijing Liu</td>
<td>UBS</td>
<td>Lowers</td>
<td>Buy</td>
<td>$11.50</td>
<td>$12.90</td>
</tr>
<tr>
<td>Charlene Liu</td>
<td>HSBC</td>
<td>Lowers</td>
<td>Hold</td>
<td>$9.80</td>
<td>$13.60</td>
</tr>
<tr>
<td>Miranda Zhuang</td>
<td>B of A Securities</td>
<td>Announces</td>
<td>Underperform</td>
<td>$10.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Weibo. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Weibo compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for Weibo's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Capture valuable insights into Weibo's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/WB/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Weibo analyst ratings.</a>
<h2>Get to Know Weibo Better</h2>
Weibo Corp is a China-based company mainly engaged in the social media advertising business for people to create, discover and distribute content. The Company's activities include Advertising and Marketing, which mainly provides a full range of advertising customization and marketing solutions. The Value-added Services mainly provide services such as membership services on social platforms, online games, live broadcasts, social e-commerce, and others. The Company's main product is the social platform Weibo.
<h3>Key Indicators: Weibo's Financial Health</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Negative Revenue Trend: Examining Weibo's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -2.52% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Communication Services sector.
Net Margin: Weibo's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 17.53%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Weibo's ROE excels beyond industry benchmarks, reaching 2.45%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Weibo's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 1.14%, the company showcases efficient use of assets and strong financial health.
Debt Management: With a high debt-to-equity ratio of 0.76, Weibo faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Beyond The Numbers: 4 Analysts Discuss Weibo Stock

WIIM

Weibo shares are trading lower after Goldman Sachs downgraded the stock from Buy to Neutral.

Goldman Sachs analyst Timothy Zhao downgrades Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) from Buy to Neutral and announces $10.6 price target.

Goldman Sachs Downgrades Weibo to Neutral, Announces $10.6 Price Target

<h3>Gainers</h3>
<ul>
<li>Chicken Soup for the Soul (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSSE#NASDAQ">CSSE</a>) shares moved upwards by 5.0% to $0.17 during Wednesday's after-market session. The company's market cap stands at $5.3 million. </li>
<li>Phoenix New Media (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FENG#NYSE">FENG</a>) stock rose 4.32% to $1.69. The market value of their outstanding shares is at $20.4 million. </li>
<li>Angi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANGI#NASDAQ">ANGI</a>) shares rose 4.24% to $2.7. The market value of their outstanding shares is at $1.3 billion. </li>
<li>Leafly Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFLY#NASDAQ">LFLY</a>) shares increased by 2.97% to $3.12. The market value of their outstanding shares is at $6.7 million. </li>
<li>Society Pass (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOPA#NASDAQ">SOPA</a>) stock rose 2.47% to $0.16. The company's market cap stands at $5.1 million. </li>
<li>AirNet Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANTE#NASDAQ">ANTE</a>) stock rose 2.4% to $1.7. The company's market cap stands at $7.6 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Hanryu Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRYU#NASDAQ">HRYU</a>) stock decreased by 7.1% to $0.3 during Wednesday's after-market session. The company's market cap stands at $15.6 million. </li>
<li>Global Mofy Metaverse (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GMM#NASDAQ">GMM</a>) stock decreased by 5.5% to $0.86. The company's market cap stands at $24.5 million. </li>
<li>Ucloudlink Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UCL#NASDAQ">UCL</a>) shares fell 4.97% to $1.53. The market value of their outstanding shares is at $56.5 million. </li>
<li>Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) stock declined by 4.32% to $9.09. The company's market cap stands at $2.2 billion. </li>
<li>Fangdd Network Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DUO#NASDAQ">DUO</a>) shares fell 4.12% to $0.43. The market value of their outstanding shares is at $1.6 million. </li>
<li>Asset Entities (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>) shares fell 4.06% to $0.71. The market value of their outstanding shares is at $9.9 million. 
See Also: <a href="http://www.benzinga.com/money/best-communication-services-stocks/" title="www.benzinga.com/money/best-communication-services-stocks/">www.benzinga.com/money/best-communication-services-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ANGI

ANTE

ASST

CSSE

FENG

LFLY

SOPA

12 Communication Services Stocks Moving In Wednesday's After-Market Session

UBS analyst Zhijing Liu upgrades Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) from Neutral to Buy and lowers the price target from $12.9 to $11.5.

Upgrades

UBS Upgrades Weibo to Buy, Lowers Price Target to $11.5

HSBC analyst Charlene Liu maintains Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) with a Hold and lowers the price target from $13.6 to $9.8.

HSBC Maintains Hold on Weibo, Lowers Price Target to $9.8

Editor&#8217;s note: This story has been corrected to reflect that Fisker is reportedly considering bankruptcy, but has not filed for bankruptcy. 
Traders received a cold shower on Thursday as hopes for a rate cut were dashed, with February&#8217;s Producer Price Index (PPI) inflation figure significantly exceeding expectations, adding to concerns raised by robust consumer inflation <a href="https://www.benzinga.com/economics/macro-economic-events/24/03/37698619/producer-inflation-tops-forecasts-in-february-signals-anxiety-over-price-pressure">data earlier in the week.</a>
During morning trading hours in New York, major U.S. equity indices turned negative, driven by a sharp increase in U.S. Treasury yields.
The 30-year Treasury note yields rose by 9 basis points to 4.44%, marking the highest level since late February. The iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>), the world&#8217;s largest bond ETF, declined by 1.4%, poised for its sixth consecutive day of losses, marking the longest losing streak since last August.
Traders tempered their expectations for rate cuts, now anticipating only an 80-basis-point reduction by year-end, equating to just three cuts of 25 basis points each. Market-implied probabilities of a rate cut by June decreased from nearly 70% to 62%, according to the CME Group FedWatch tool.
While the S&amp;P 500, Nasdaq 100 and Dow experienced relatively modest losses ranging between 0.3% and 0.4%, the CBOE Volatility Index, or VIX, surged by over 6%. In contrast, small caps, as tracked by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), underperformed large caps, declining by 1.7%.
Bitcoin fell by nearly 3% to $71,000, while gold slid by 0.8% to $2,160 per ounce. Oil prices surged, with West Texas Intermediate (WTI) rising by 2% to over $80, following a report from the International Energy Agency (IEA) indicating that oil markets are likely to face a supply deficit for the remainder of the year due to OPEC+ production cuts.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In US Major Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-Day %chg</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,151.29</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>38,924.73</td>
<td>-0.3%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>18,012.12</td>
<td>-0.4%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,035.08</td>
<td>-1.8%</td>
</tr>
<tr>
<td>CBOE VIX</td>
<td>14.56</td>
<td>6.2%</td>
</tr>
</tbody>
</table>
</figure>
The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) was 0.4% lower to $513.80, the&nbsp;SPDR Dow Jones Industrial Average (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) inched 0.4% lower to $389.91 and the tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.4% to $438.47, according to&nbsp;<a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.&nbsp;
Sector-wise, the Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>), was the only positive performer for the day, up by 1%. The Real Estate Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) was the laggard, down 2%. 
<h3 class="wp-block-heading">Thursday&#8217;s Stock Movers</h3>
<ul>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell nearly 4% after UBS lowered the EV maker&#8217;s price target from $225 to $165. </li>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) fell 3.8%, reflecting the weaker momentum in AI-related stocks. </li>
<li>Crypto-related stocks Marathon Digital Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) and Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) all dropped by 8%. </li>
<li>Robinhood Markets, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) rose 5% in reaction to the trading app&#8217;s February financial metrics.</li>
<li>Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) rose 2.6% in response to rising oil prices, setting the best daily performance among S&amp;P 500 stocks. </li>
<li>Lennar Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) fell over 5% following its latest earnings report. </li>
<li>Fisker Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSR#NYSE">FSR</a>) slumped about 50% on reports the company is considering bankruptcy. </li>
<li>Other companies reacting to earnings were DICK&#8217;S Sporting Goods, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>),&nbsp;up 15%, Dollar General Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>),&nbsp;down 5%, G-III Apparel Group, Ltd.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>),&nbsp;down 13%, Weibo Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>), down 2.7%. </li>
<li>Those reporting after the close include&nbsp;Adobe Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>),&nbsp;Blink Charging Co.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>),&nbsp;Smartsheet Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>),&nbsp;PagerDuty, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>),&nbsp;Cardlytics, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDLX#NASDAQ">CDLX</a>),&nbsp;Ulta Beauty, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) and&nbsp;Zumiez Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>)</li>
</ul>
Read now: <a href="https://www.benzinga.com/markets/equities/24/03/37709635/emergency-landings-put-boeing-under-further-pressure-serious-transformation-needed-says-buttigie">Emergency Landings Put Boeing Under Further Pressure: &#8216;Serious Transformation&#8217; Needed, Says Buttigieg</a>
Photo via Shutterstock.

Stocks Fall As Hot Inflation Data Derails Fed Cut Bets, Bonds Tumble, VIX Rallies, Oil Tops $80: What's Driving Markets Thursday? (CORRECTED)

As traders harbor hopes that the Federal Reserve will take down interest rates in the first half of the year, the broader trend is to the upside amid occasional minor corrections. Stock futures are pointing up on Thursday. The February producer price inflation and retail sales data could direct traders&#8217; sentiment for the day, and if these pan out in line with expectations, the broader market could resume their climb. Bond yields, however, tell a different story, and have been on an uptrend in recent sessions.
Cues From Previous Session:
The lack of any major catalyst kept sentiment subdued on Wednesday, with tech stocks serving as drags. The major averages opened on a mixed note, with the Nasdaq Composite and the S&amp;P 500 Index declining, while the Dow Jones Industrial Average was higher at the open. 
The former two indices languished mostly below the unchanged line before ending lower, while the Dow held above the unchanged line for a majority of the session before ending modestly higher. The 30-stock blue-chip average received support from a strong rally in 3M Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) after the company announced a new CEO. 
IT, real estate, healthcare, and consumer discretionary stocks experienced weakness, while energy and material stocks were among the biggest gainers.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.54%</td>
<td>16,177.77</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.19%</td>
<td>5,165.31</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.10%</td>
<td>39,043.32</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+0.30%</td>
<td>2,071.71</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption"> Analyst Color:</figcaption></figure>
Delving into the reasons behind the market&#8217;s optimism since the October 2023 lows, Morgan Stanley&#8217;s Lisa Shalett said easy financial conditions and excitement about AI are driving the surge, despite persistently high rates and negative earnings revisions. 
The analyst, however, cautioned against investors pinning much hope on these going forward. Liquidity infusion into the financial system from banks, money markets, and government stimulus programs that more than offset Fed tightening may finally be drying up and excess savings cushions are nearing exhaustion, she said.
Shalett viewed that the potential gains from AI may already be priced into stocks' valuations. The current consensus estimates of $277 per share for S&amp;P 500 earnings for 2025 marks a 26% increase from current levels, she said. She also sees negative impacts from a stronger U.S. dollar, higher costs from interest rates, and input inflation.
&#8220;Consider seeking out value in U.S. equities, balancing any passive exposure to major market-cap-weighted indices with exposure to quality growth names in energy, utilities, materials, financials, and health care,&#8221; Shalett said. &#8220;These areas may present opportunities to hedge against excessive market optimism while providing exposure to growth themes beyond the companies that are enabling AI.&#8221;
Futures Today Futures Performance On Thursday ( as of 6: 45 a.m. EDT)
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.46%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.35%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.38%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.24%</td>
</tr>
</tbody>
</table>
</figure>
In <a href="https://www.benzinga.com/premarket/" target="_blank" rel="noreferrer noopener">premarket</a> trading on Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.38% to $517.91 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.47% to $442.30, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>. Upcoming Economic Data: The Commerce Department is scheduled to release the retail sales report for February at 8:30 a.m. EDT. Economists, on average, expect a 0.8% month-over-month increase in retail sales following a decline of a similar magnitude in January. Excluding autos, retail sales may have climbed 0.4%, reversing part of January&#8217;s 0.6% drop. The Bureau of Labor Statistics will release the producer price inflation report for February at 8:30 a.m. EDT. The month-over-month rates of the headline and core producer price indices are expected at 0.3% and 0.2%, respectively. These compare to January readings of 0.3% and 0.5%, respectively. On a year-over-year basis, producer price growth may have accelerated from 0.9% to 1.1%. The annual rate of core producer price index, however, may have slowed from 2% to 1.9%. The Labor Department is due to release the weekly jobless claims data at 8:30 a.m. EDT. The number of individuals claiming unemployment benefits may have increased from 217,000 in the week ended March 2nd to 218,000 in the week ended March 9th. The Commerce Department&#8217;s business inventories report for January, due at 10 a.m. EDT, is expected to show a 0.2% month-over-month increase, slower than the 0.4% growth in the previous month. The Treasury will auction four- and eight-week Treasury notes at 11:30 a.m. EDT. See also: <a href="https://www.benzinga.com/money/best-futures-trading-software">Best Futures Trading Software</a> Stocks In Focus:
<ul>
<li>SentinelOne, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/S#NYSE">S</a>) fell about 11% in premarket trading following its earnings announcement.</li>
<li>Robinhood Markets, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) spiked over 12% in reaction to the trading app&#8217;s February financial metrics.</li>
<li>Fisker Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSR#NYSE">FSR</a>) slumped about 39% on reports of its bankruptcy filing.</li>
<li>DICK&#8217;S Sporting Goods, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>),&nbsp;Dollar General Corporation&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>),&nbsp;G-III Apparel Group, Ltd.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GIII#NASDAQ">GIII</a>),&nbsp;Weibo Corporation&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) are among the companies due to release their quarterly results before the market open.</li>
<li>Those reporting after the close include&nbsp;Adobe Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>),&nbsp;Blink Charging Co.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLNK#NASDAQ">BLNK</a>),&nbsp;Smartsheet Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMAR#NYSE">SMAR</a>),&nbsp;PagerDuty, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>),&nbsp;Cardlytics, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDLX#NASDAQ">CDLX</a>),&nbsp;Ulta Beauty, Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) and&nbsp;Zumiez Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZUMZ#NASDAQ">ZUMZ</a>).</li>
</ul>
Commodities, Bonds, Other Global Equity Markets: Crude oil futures rose 0.83% to $80.38 in premarket trading, adding on to their nearly 2.8% advance on Wednesday, and gold futures reversed course after Wednesday&#8217;s rebound. The yield on the 10-year Treasury bond rose modestly to 4.194%. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) edged down below the $73,000 level. Most major Asian markets advanced, although the Chinese, Hong Kong and Australian markets settled lower. European stocks pushed higher despite a European Central Bank official pouring cold water on imminent rate cuts. ECB&#8217;s Chief Economist  Philip Lane reportedly told CNBC, &#8220;A lot of evidence is accumulating, but what's also fair to say is that the transition from this holding phase&#8230;. we do have to take our time to get that right, from holding to dialing back restrictions.&#8221; Read Next: <a href="https://www.benzinga.com/top-stories/24/03/37666169/analysts-raise-s-p-500-earnings-outlook-on-ai-investments-eye-trump-election-risks">Analysts Raise S&amp;P 500 Earnings Outlook On AI Investments, Expect Trump Tariff Risks</a>

Earnings

Futures

Previews

Pre-Market Outlook

$BTC

DLTR

Wall Street Eyes Strong Start Ahead Of More Inflation Data, Gold & Bitcoin Dip: Why This Analyst Looks Beyond AI For Growth

Weibo Corp&nbsp;(NASDAQ:&nbsp;WB) reported a fourth-quarter fiscal 2023 revenue growth of 3% year-on-year to $463.67 million, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/03/n37688543/weibo-announces-fourth-quarter-and-fiscal-year-2023-unaudited-financial-results-and-dividend" rel="noreferrer noopener">consensus of $454.97 million</a>. Revenue of the Chinese social network company grew by 5% Y/Y on a CC basis.
Adjusted EPS of $0.31 missed the&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">consensus of $0.50</a>. The stock price climbed after the results.
Weibo&#8217;s advertising and marketing revenues climbed 3% Y/Y at $403.7 million. Value-added service (VAS) revenues increased 4% Y/Y to $59.9 million.
Monthly active users (MAUs) increased by 11 million Y/Y to 598 million in December 2023, while Average daily active users (DAUs) rose by 5 million Y/Y to 257 million. Mobile MAUs represented 95% of MAUs.
The adjusted operating margin declined by 300 bps to 31% as profits declined by 4.0% Y/Y.&nbsp;
Weibo held $3.2 billion in cash and equivalents as of December 31, 2023, and generated $218.2 million in operating cash flow during the quarter.
Special Dividend:&nbsp;On March 14, 2024, the company&#8217;s board approved a special cash dividend of $0.82 per ordinary share and ADS.
The&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">first-quarter consensus</a>&nbsp;revenue and EPS are $424.63 million and $0.47.&nbsp;
Investors can gain exposure to Weibo via&nbsp;KraneShares Trust KraneShares CSI China Internet ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KWEB#NYSE">KWEB</a>) and&nbsp;Fidelity Metaverse ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FMET#NASDAQ">FMET</a>).
Price Action: WB shares traded higher by 5.77% at $10.25 premarket on the last check Thursday.
Photo by Shutterstock

Dividends

FMET

KWEB

Chinese Social Media Stock Weibo Climbs On Thursday, What's Going On?

<ul>
<li>Monthly active users (&quot;MAUs&quot;) were 598 million in&nbsp;December 2023, a net addition of approximately 11 million users on a year-over-year basis. Mobile MAUs represented&nbsp;95%&nbsp;of MAUs.</li>
<li>Average daily active users (&quot;DAUs&quot;) were 257 million in&nbsp;December 2023, a net addition of approximately 5 million users on a year-over-year basis.</li>
</ul>

Weibo Corp Reported Q4 Monthly Active Users (MAUs) of 598M in December 2023, up by 11M YoY

On&nbsp;March 14, 2024, the Company&#39;s board of directors has approved a special cash dividend of&nbsp;US$0.82&nbsp;per ordinary share and ADS to holders of its ordinary shares and ADSs as of the close of business on&nbsp;April 12, 2024,&nbsp;Beijing/Hong Kong Time and New York Time, respectively, payable in U.S. dollars.&nbsp;

Weibo Corp Board Approved a Special Cash Dividend of $0.82/Share and ADS

Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) reported quarterly earnings of $0.31 per share which missed the analyst consensus estimate of $0.49 by 36.73 percent. This is a 58.67 percent decrease over earnings of $0.75 per share from the same period last year. The company reported quarterly sales of $463.67 million which beat the analyst consensus estimate of $455.09 million by 1.88 percent. This is a 3.50 percent increase over sales of $448.00 million the same period last year.

Weibo Q4 Adj EPS $0.31 Misses $0.49 Estimate, Sales $463.67M Beat $455.09M Estimate

Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) is set to give its latest quarterly earnings report on Thursday, 2024-03-14. Here's what investors need to know before the announcement.
Analysts estimate that Weibo will report an earnings per share (EPS) of $0.49. 
Weibo bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 1.06% drop in the share price the next day.
Here's a look at Weibo's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.56</td>
<td>0.51</td>
<td>0.43</td>
<td>0.52</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.57</td>
<td>0.53</td>
<td>0.47</td>
<td>0.75</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-1.0%</td>
<td>-9.0%</td>
<td>-0.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1710342049_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Weibo were trading at $9.68 as of March 12. Over the last 52-week period, shares are down 40.47%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/WB/earnings">To track all earnings releases for Weibo visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Outlook For Weibo

<h3>What Defines a Value Stock?</h3>
A value stock traditionally has a lower price when compared to stock prices of companies in the same industry. This indicates that the company may be undervalued, as investors are not expressing as much interest in such companies. The most commonly used way to check for value is with the price-to-earnings multiple, or P/E. A low P/E multiple is a good indication that the stock is undervalued. 
<h2>Below is a list of notable value stocks in the communication services sector:</h2>
<ol>
<li>Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) - P/E: 5.46</li>
<li>AT&amp;T (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) - P/E: 8.53</li>
<li>National CineMedia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCMI#NASDAQ">NCMI</a>) - P/E: 0.19</li>
<li>Tegna (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGNA#NYSE">TGNA</a>) - P/E: 5.0</li>
<li>Lendway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDWY#NASDAQ">LDWY</a>) - P/E: 0.86</li>
</ol>
Most recently, Weibo reported earnings per share at $0.57, whereas in Q2 earnings per share sat at $0.53. AT&amp;T has reported Q4 earnings per share at $0.54, which has decreased by 15.62% compared to Q3, which was 0.64. Its most recent dividend yield is at 6.76%, which has decreased by 0.64% from 7.4% in the previous quarter.
National CineMedia has reported Q3 earnings per share at $-0.34, which has increased by 51.43% compared to Q2, which was -0.7. Most recently, the company reported a dividend yield of 6.94%, which has increased by 1.17% from last quarter's yield of 5.77%.
Tegna's earnings per share for Q3 sits at $0.39, whereas in Q2, they were at 0.44. Most recently, the company reported a dividend yield of 3.14%, which has decreased by 0.07% from last quarter's yield of 3.21%.
This quarter, Lendway experienced an increase in earnings per share, which was $-0.02 in Q2 and is now $0.63. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

LDWY

NCMI

TGNA

5 Value Stocks To Watch In The Communication Services Sector

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the communication services sector:</h2>
<ol>
<li>Cogent Comms Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCOI#NASDAQ">CCOI</a>) - P/E: 3.43</li>
<li>Lendway (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LDWY#NASDAQ">LDWY</a>) - P/E: 0.86</li>
<li>Sinclair (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) - P/E: 8.55</li>
<li>Telecom Argentina (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEO#NYSE">TEO</a>) - P/E: 9.91</li>
<li>Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) - P/E: 5.21</li>
</ol>
Cogent Comms Hldgs's earnings per share for Q3 sits at $-1.2, whereas in Q2, they were at -0.67. Its most recent dividend yield is at 5.88%, which has decreased by 0.37% from 6.25% in the previous quarter.
Most recently, Lendway reported earnings per share at $0.63, whereas in Q2 earnings per share sat at $-0.02. Most recently, Sinclair reported earnings per share at $-0.3, whereas in Q2 earnings per share sat at $1.67. The company's most recent dividend yield sits at 9.2%, which has increased by 1.87% from 7.33% last quarter. 
Telecom Argentina saw an increase in earnings per share from 0.03 in Q2 to $0.23 now. This quarter, Weibo experienced an increase in earnings per share, which was $0.53 in Q2 and is now $0.57. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

CCOI

SBGI

Telecom Argentina Stet - France Telecom S.A.

5 Value Stocks In The Communication Services Sector

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>The following stocks are considered to be notable value stocks in the communication services sector:</h2>
<ol>
<li>Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) - P/E: 4.93</li>
<li>Tegna (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TGNA#NYSE">TGNA</a>) - P/E: 5.58</li>
<li>Gogo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOGO#NASDAQ">GOGO</a>) - P/E: 7.58</li>
<li>Sinclair (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBGI#NASDAQ">SBGI</a>) - P/E: 9.94</li>
<li>Jiayin Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFIN#NASDAQ">JFIN</a>) - P/E: 1.45</li>
</ol>
Weibo's earnings per share for Q3 sits at $0.57, whereas in Q2, they were at 0.53. This quarter, Tegna experienced a decrease in earnings per share, which was $0.44 in Q2 and is now $0.39. Most recently, the company reported a dividend yield of 3.21%, which has increased by 0.51% from last quarter's yield of 2.7%.
This quarter, Gogo experienced a decrease in earnings per share, which was $0.21 in Q2 and is now $0.16. Sinclair saw a decrease in earnings per share from 1.67 in Q2 to $-0.3 now. The company's most recent dividend yield sits at 9.2%, which has increased by 1.87% from 7.33% last quarter. 
Most recently, Jiayin Gr reported earnings per share at $0.83, whereas in Q2 earnings per share sat at $0.84. 
The Significance: A value stock may need some time to rebound from its undervalued position. The risk of investing in a value stock is that this emergence may never materialize.

GOGO

JFIN

A Look Into Communication Services Sector Value Stocks

Mother of all Breaches&nbsp;(MOAB), a massive data leak, includes records from numerous leaks, breaches, and private databases.&nbsp;
Cybersecurity expert Bob Dyachenko and the Cybernews team have uncovered this colossal breach, featuring billions of records, likely with an unidentified owner.&nbsp;
Although the breach primarily consists of data from previous breaches, it likely contains new, unpublished information, Cybernews&nbsp;<a target="_blank" href="https://cybernews.com/security/billions-passwords-credentials-leaked-mother-of-all-breaches/#google_vignette" rel="noreferrer noopener">reports</a>.&nbsp;
Spanning 26 billion records across 3,800 folders, each representing a separate breach, the leak is suspected to house unique data.&nbsp;
Researchers suggest its owner, potentially a malicious entity or data broker, may be interested in storing such vast data volumes.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/09/34309775/chinese-hack-microsofts-technical-failures-exposed" rel="noreferrer noopener">Chinese Hack: Microsoft&#8217;s Technical Failures Exposed</a>
It encompasses an array of records from high-profile companies and government organizations worldwide, with the giant batch from&nbsp;Tencent Holding Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) Tencent QQ, among others like&nbsp;Weibo Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>), MySpace,&nbsp;X, formerly Twitter, and&nbsp;Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) LinkedIn.
The MOAB&#8217;s impact on consumers could be unparalleled due to common password reuse, leading to potential credential-stuffing attacks, spear-phishing, and increased spam.&nbsp;
Its scale dwarfs previous breaches, such as the 2021 COMB, which contained 12% of MOAB&#8217;s records.
Global organizations struggled with data breaches as the world resorted to remote work, study, and recreational activities due to the pandemic.&nbsp;
<a target="_blank" href="https://www.benzinga.com/government/23/03/31271216/hackers-compromise-personal-data-of-us-house-members-details-awaited" rel="noreferrer noopener">Notorious hacking group</a>&nbsp;Lapsus$ made headlines for compromising the data of companies like&nbsp;Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>),&nbsp;Nvidia Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>),&nbsp;Okta Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>), and other major technology companies and holding&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/04/31801656/western-digital-data-breach-hackers-demand-huge-ransom-in-exchange-of-sensitive-data" rel="noreferrer noopener">them for ransom</a>.&nbsp;
However, the attacks continued post-pandemic recovery. Some of the&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/12/36380681/gaming-giant-ubisoft-reportedly-thwarts-major-data-breach-900gb-of-user-data-saved" rel="noreferrer noopener">recent data hacks</a>&nbsp;included gaming giant&nbsp;Ubisoft, Paramount Global&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>), and&nbsp;Microsoft Corp&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>). Several&nbsp;<a target="_blank" href="https://www.benzinga.com/government/23/07/33196184/cybersecurity-concerns-rise-as-china-based-hackers-breach-email-accounts-of-government-agencies-in-w" rel="noreferrer noopener">countries, including China</a>&nbsp;and Russia, were considered to be linked&nbsp;<a target="_blank" href="https://www.benzinga.com/news/24/01/36705147/microsofts-top-executives-emails-breached-by-russian-intelligence-group-responsible-for-solarwinds-h" rel="noreferrer noopener">to the breaches</a>.
Also Read:&nbsp;<a target="_blank" href="https://www.benzinga.com/news/23/12/36387333/82-000-affected-in-paramounts-data-breach-whats-really-at-stake" rel="noreferrer noopener">82,000 Affected In Paramount&#8217;s Data Breach &#8211; What&#8217;s Really at Stake?</a>
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo by David Carillet on Shutterstock

Media

CIBR

FITE

HACK

IHAK

MSFT

OKTA

PARA

TCEHY

WCBR

Cybersecurity Nightmare: Billions of Records from Major Platforms Leaked in Largest Data Leak

<h3>What Defines a Value Stock?</h3>
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock. 
<h2>Below is a list of notable value stocks in the communication services sector:</h2>
<ol>
<li>KT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KT#NYSE">KT</a>) - P/E: 7.21</li>
<li>Weibo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WB#NASDAQ">WB</a>) - P/E: 4.8</li>
<li>SK Telecom Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKM#NYSE">SKM</a>) - P/E: 9.76</li>
<li>Xunlei (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XNET#NASDAQ">XNET</a>) - P/E: 5.87</li>
<li>Telecom Argentina (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEO#NYSE">TEO</a>) - P/E: 9.83</li>
</ol>
KT's earnings per share for Q2 sits at $0.6, whereas in Q1, they were at 0.47. This quarter, Weibo experienced an increase in earnings per share, which was $0.53 in Q2 and is now $0.57. SK Telecom Co has reported Q2 earnings per share at $0.63, which has increased by 10.53% compared to Q1, which was 0.57. Xunlei's earnings per share for Q3 sits at $0.08, whereas in Q2, they were at 0.13. Most recently, Telecom Argentina reported earnings per share at $0.23, whereas in Q2 earnings per share sat at $0.03. 
These 5 value stocks were selected by Benzinga Insights based on quantified analysis. While this methodical judgment process is not meant to make final decisions, our technology can give investors additional perception into the sector.

XNET

Weibo Corporation (WB) Q4 2023 Earnings Call Transcript

Weibo Corp (WB) stock has fallen -44.80% over the last 12 months, and the average rating from Wall Street analysts is a Buy. InvestorsObserverâ€&#x2122;s proprietary ranking system, gives WB stock a score of  33 out of a possible 100. That rank is chiefly influenced by a long-term technical score of 11. WB's rank also includes a sh

Weibo Corp (WB) Stock Falls -5.68% This Week; Should You Buy?

Weibo Corp (WB) receives a strong  valuation score of 74 from InvestorsObserver analysis. Our proprietary scoring system considers the overall health of the company by looking at the stock's price, earnings, and growth rate to determine if it represents a good value. WB holds a better value than 74% of stocks at its curren

Weibo Corp (WB) Stock by the Numbers

China's Weibo cut to Neutral at Goldman Sachs on softer revenue recovery

Weibo Corp (WB) has released an update. Weibo Corporation, China's leading social media platform, has announced its annual general meeting schedule...

Weibo Corp Schedules 2024 Annual General Meeting

NetEase rises 3% on reports new Blizzard game deal is close

Warning: WB is at high risk of performing badly

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Hidden treasures sometimes go overlooked in the busy world of financial markets. Here, attention is frequently drawn to the names with the most sparkle. The purpose of this piece is to highlight three of these less shiny treasures. 



The first one sticks out for its unwavering dedication to pharmaceutical innovation. The company may grow long term with a strong pipeline driven by cutting-edge technologies like AI and a record year of Food and Drug Administration (FDA) approvals in 2023.



The second, a giant of the e-commerce industry, is not just securing a place for itself in the cloud services industry but also paving the way for profitable growth. Furthermore, the company&rsquo;s platform-based foray into global e-commerce represents a promising diversification strategy. 



Lastly, despite being frequently eclipsed by social media behemoths, the third one shows tenacity and profitability. Thanks to its consistent advertising income and user base increase, it remains a strong competitor in the interactive media space.



Taken as a whole, these businesses represent triple-digit potential stocks that have been missed. Their adaptability, creativity and strategic vision present a chance to seize unrealized development in a competitive market environment.



<h2>Pfizer (PFE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/pfe-stock-2-300x169.jpg" alt="blue Pfizer logo on the windows of a corporate building PFR stock"><div>Source: photobyphm / Shutterstock.com</div></div>A record year for FDA approvals in 2023 signifies Pfizer&rsquo;s (NYSE:<a href="https://investorplace.com/stock-quotes/pfe-stock-quote/">PFE</a>) strong pipeline execution skills. This included&nbsp;<a href="https://s28.q4cdn.com/781576035/files/doc_financials/2023/q4/Q4-2023-PFE-Earnings-Release.pdf" target="_blank">nine approvals</a>&nbsp;for novel molecular entities and many indications for already-approved drugs. By constantly introducing new drugs to the market and expanding treatment choices across therapeutic categories, this pipeline innovation prepares Pfizer for sustainable growth.&nbsp;



Moreover, Pfizer has demonstrated its focus on hitting unmet medical demand and broadening its product portfolio by investing in research across therapeutic areas outside of cancer. These include vaccinations, internal medicine, metabolic illnesses, immunology and anti-infectives.



Further, Pfizer&rsquo;s&nbsp;<a href="https://s28.q4cdn.com/781576035/files/doc_financials/2023/q4/Q4-2023-PFE-Earnings-Release.pdf" target="_blank">acquisition of Seagen</a>&nbsp;greatly expands its cancer research capabilities and portfolio development potential. This supports the company&rsquo;s strategy to become a world-class leader in oncology. Pfizer may lead the worldwide cancer treatment market due to its portfolio and resource alignment with the high-growth oncology sector and the forecast of at least&nbsp;<a href="https://s28.q4cdn.com/781576035/files/doc_financials/2023/q4/PFE-USQ_Transcript_2024-01-30-1.pdf" target="_blank">eight blockbuster drugs</a>&nbsp;by 2030.



Finally, Pfizer takes advantage of market possibilities by pushing important cancer catalysts, such as commercial launches and Phase 3 data readouts.



<h2>Alibaba (BABA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/baba1600b-300x169.jpg" alt="A photo of the Alibaba (BABA) app on a smartphone."><div>Source: BigTunaOnline / Shutterstock.com</div></div>Alibaba (NYSE:<a href="https://investorplace.com/stock-quotes/baba-stock-quote/">BABA</a>) Cloud is prioritizing public cloud services. This strategic focus aligns with the boosted demand for cloud computing services, especially those provided by public clouds. Alibaba Cloud&rsquo;s adjusted EBITDA <a href="https://finance.yahoo.com/news/alibaba-baba-q3-earnings-miss-165000270.html" target="_blank">boosted by 86%</a>&nbsp;year-over-year (YoY), even though its sales increased by only 3% YoY. This increase in profitability results from the cloud business&rsquo;s efficient cost control, optimized product mix and operational edge.



With a&nbsp;<a href="https://finance.yahoo.com/news/alibaba-baba-q3-earnings-miss-165000270.html" target="_blank">56% YoY</a>&nbsp;rise in sales, Alibaba International Digital Commerce Group (AIDC) saw solid top-line growth, especially in its International Commerce Retail Business. Indeed, the expansion above highlights Alibaba&rsquo;s edge in growing its international e-commerce enterprise. This is propelled by platforms such as Trendyol and AliExpress. Moreover, Alibaba boosted its investment in AIDC throughout the quarter to maintain momentum and provide clients with services that set them apart, even in the face of losses in adjusted EBITA.



Finally,&nbsp;<a href="https://seekingalpha.com/article/4668248-alibaba-group-holding-limited-baba-q3-2024-earnings-call-transcript" target="_blank">Cainiao&rsquo;s 24% YoY&nbsp;</a>revenue growth was primarily attributable to higher sales of cross-border fulfillment services. This rise reflects the development of Alibaba&rsquo;s logistics network and its capacity to meet the rising demand for international e-commerce. As a result, Cainiao&rsquo;s adjusted EBITDA increased dramatically, turning a profit this year from the prior year&rsquo;s deficit.



<h2>Weibo (WB)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/wb-stock-1-300x169.jpg" alt="social media stocks weibo.com sign on window"><div>Source: testing / Shutterstock.com</div></div>Weibo&rsquo;s (NASDAQ:<a href="https://investorplace.com/stock-quotes/wb-stock-quote/">WB</a>) advertising revenues were comparable to the pattern of its total revenues. With overall ad sales of <a href="https://www.prnewswire.com/news-releases/weibo-announces-fourth-quarter-and-fiscal-year-2023-unaudited-financial-results-and-dividend-302089180.html#:~:text=For%20the%20fourth%20quarter%20of,the%20same%20period%20last%20year" target="_blank">$403.7 million&nbsp;</a>in Q4 2023, there was 3% YoY and 4% sequential growth. This suggests that the advertising market is expanding favorably, boosting overall income.



Additionally, with a non-GAAP&nbsp;<a href="https://www.prnewswire.com/news-releases/weibo-announces-fourth-quarter-and-fiscal-year-2023-unaudited-financial-results-and-dividend-302089180.html#:~:text=For%20the%20fourth%20quarter%20of,the%20same%20period%20last%20year" target="_blank">operating margin of 31%</a>, Weibo&rsquo;s operating income for Q4 was $145.9 million. Weibo can sustain a robust operating margin based on sharp cost management and operational efficacy. The non-GAAP operating income for 2023 was $592.1 million. This translates to a solid non-GAAP operating margin of 34%. Hence, this demonstrates high profitability, suggesting that Weibo can stay profitable despite difficulties with the top-line.



Moreover, in 2023, Weibo&rsquo;s monthly active users (MAUs) increased to&nbsp;<a href="https://seekingalpha.com/article/4678542-weibo-corporation-wb-q4-2023-earnings-call-transcript" target="_blank">598 million</a>, an 11 million increase from 2022. Furthermore, the average number of daily active users (DAUs) increased by 5 million from 2022 to 257 million. To sum up, Weibo&rsquo;s growth potency may be attributed to the increasing MAUs and DAUs, indicating that the platform is still relevant and enticing to users.



As of this writing, Yiannis Zourmpanos held long positions in PFE and BABA. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Yiannis Zourmpanos is the founder of Yiazou Capital Research, a stock-market research platform designed to elevate the due diligence process through in-depth business analysis.</div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
The post <a href="https://investorplace.com/2024/04/the-3-most-overlooked-stocks-set-for-a-triple-digit-comeback/">The 3 Most Overlooked Stocks Set for a Triple-Digit Comeback</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

The 3 Most Overlooked Stocks Set for a Triple-Digit Comeback

As China has reopened following the pandemic closures, a weaker macro and consumption environment has negatively impacted Chinese-based firms. Soci...