(EMAILWIRE.COM, November 08, 2011 ) Chicago, Illinois - The Stockfather (www.thestockfather.com) believes that sometime in the future, Renren Inc. (NYSE: RENN) will be back to its IPO price.
Renren Inc. (RENN) is a social media company, it's much like Facebook, in fact it pretty much is China's equivalent to Facebook.
When earnings are reported on 11/11/2011, many investors are expecting a jump, and many analysts agree with them.
There could be a rise in price on shares of (RENN), heading into earnings.
At the current price, Thestockfather.com considers Renren Inc. (RENN) a buy.
Sohu.com Inc. (NasdaqGS: SOHU) is continuing to be hot following their 3rd quarter earnings. On Monday, shares of Sohu.com Inc. (SOHU) hit a day high of $62.41.
Baidu, Inc. (NasdaqGS: BIDU) is starting to look very comfortable trading in the $140 range. Baidu, Inc. (BIDU) is starting to build a new base in the $140 range, and should trend higher with improved market conditions.
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Disclaimer:
For this news release, The Stockfather was not paid to profile the company(ies) or stock(s) mentioned. The Stockfather does not own any shares of the stock(s) mentioned. The Stockfather is not a registered investment advisor. Investors are responsible for doing their own research and obtaining professional investment advice. Investors should visit www.thestockfather.com for further disclosure information.
