Chinese Internet Stocks to Buy: Qihoo 360 Technology (QIHU)
In the company’s latest earnings report they had 260% earnings growth and 115% sales growth on a year-over-year basis. They also blew away the analysts estimates for both with an 89% positive earnings surprise which was its third consecutive upside surprise.
QIHU had a record number of on number of monthly active users of its PC-based products as well as total smartphone users of its mobile security products. They are now the market leader in China for smartphone security with 70% of the market.
The stock has earned the highest grade of A from Portfolio Grader since last July and the still improving fundamental makes the stock a strong buy at the current price.
The Chinese internet market is going to continue growing at a high rate for several years still to come. The leading companies in this sector should see the type of best of the best fundamentals that keep them up near the top of our buy list for an extended period of time. Any weakness should be seen as a buying opportunity for these A rated stocks.