3 Important Earnings Reports to Watch This Week

TSLA, KATE and CTRP all trade at critical fluctuation points

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3 Important Earnings Reports to Watch This Week

Ctrip.com (CTRP)

050614 Earnings CTRP 286x300 3 Important Earnings Reports to Watch This Week
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Earnings Report: Wednesday, May 7, after the bell

Chinese online travel website Ctrip.com (CTRP) is considered the Priceline.com (PCLN) of Asia, and for good reason. The company has carved out a niche as the go-to place for online travel, a pursuit the Chinese people have embraced in a huge way over the past several years.

Investors also have embraced CTRP stock, as the shares have a one-year gain of 110% and are up 275% since bottoming out in summer 2012.

The road has been much rougher this year for CTRP, as the stock is down about 2% year-to-date. CTRP shares now trade at just above $49, which is right between the 50- and 200-day moving averages.

If CTRP can come in with solid revenue numbers that shun the notion that the Chinese economy is slowing (solid here to me would be revenue north of $246 million), then we could see a breakthrough of the 50-day and a powerful move toward the $60 range we witnessed last October. A miss, however, and/or lower guidance going forward would drop CTRP below the 50-day average of $48.43, and if that takes place, the stock won’t find support again until the $40 range.


Article printed from InvestorPlace Media, http://investorplace.com/2014/05/3-important-earnings-reports-tsla-ctrp-kate/.

©2014 InvestorPlace Media, LLC

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