Year of the Unicorn: Sleepy IPO Market Ready for Action in 2017
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Sohu.com Inc. SOHU was a big mover last session, as its shares rose over 11% on the day. The move came after company’s search engine subsidiary Sogou is on a “very good trajectory” as it prepares for a public listing in the U.S. This led to far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up almost 25% in the past one-month time frame. None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future. Sohu.com currently carries a Zacks Rank #3 (Hold). Sohu.com Inc. Price Sohu.com Inc. Price | Sohu.com Inc. Quote A better-ranked stock in the Internet - Services space is Tencent Holding Ltd. TCEHY, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. Is SOHU going up? Or down? Predict to see what others think: Up or Down Will You Make a Fortune on the Shift to Electric Cars? Heres another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research. Its not the one you think. See This Ticker Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sohu.com Inc. (SOHU) : Free Stock Analysis Report Tencent Holding Ltd. (TCEHY) : Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research View comments
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