For Immediate Release Chicago, IL – May 29, 2015 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog includethe Ctrip.com International Ltd. ( CTRP), eLong Inc. (LONG), Expedia Inc. (EXPE ), Trina Solar Limited (TSL) and JA Solar Holdings Co., Ltd. ( JASO). Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free. Here are highlights from Thursday’s Analyst Blog: China Stock Roundup Markets experienced a strong run of gains, followed by a dramatic plunge on Thursday. Stocks gained on Monday following speculation that the government will intensify measures to boost the economy. The Shanghai Composite increased on Tuesday following optimism among investors that government measures to increase access to financial markets will boost fund inflows. Stocks gained for the seventh consecutive day on Wednesday as the benchmark moved close to the 5,000 mark for the first time in seven years. The Shanghai Composite plunged on Thursday, marking the largest decline in four months. Ctrip.com International Ltd. (CTRP) has acquired a 37.6% stake in eLong Inc. (LONG) from Expedia Inc. ( EXPE) for around $400 million. Trina Solar Limited (TSL) reported first-quarter 2015 earnings of 13 cents per ADS, well above the Zacks Consensus Estimate of 9 cents but below year-ago earnings of 36 cents. Last Week’s Developments Last Friday, the Shanghai Composite gained 2.8% following speculation that the government will stimulate expenditure on technology. A rally from brokerages also helped the broader market move upward. These gains were a result of news and speculation that several prominent brokerages were planning IPOs. The Shenzhen Composite advanced 1%. The index also advanced 12% over last week, the highest increase since Nov 2008. Market watchers opined that the Shenzhen exchange was notching up gains because it was made up of small stocks which represent the country’s new economy. The CSI 300 increased 2.3%. The ChiNext declined 0.3% while the Hang Seng added 1.7%. The Hang Seng China Enterprises Index advanced 2.2%. A gauge of financial stocks increased 3.1%. The Shanghai Composite surged 8.1% over the week, the best weekly gain since Dec 5. These gains were a result of speculation that soft manufacturing data will spur the government to provide additional stimulus to boost the economy. Tech stocks gained last week following the launch of Made in China 2025 which aims to improve the competitiveness of specific manufacturing sectors. Markets and the Economy This Week Stocks gained on Monday following speculation that the government will intensify measures to boost the economy. Additionally, investors took the view that cross-border sales of mutual funds will increase inflow of equity. Hong Kong and China have provided approval to cross-border sale of mutual funds starting Jul 1. It is expected that this decision will improve access to capital as well as financial markets. The CSI 300 increased 3%, moving above the 5,000 mark for the first time since 2008. A sub-index of industrial stocks within the CSI 300 gained 4.7%, the highest among the 10 industry groups. The ChiNext lost 1.4% while Hong Kong’s markets were closed on account of a holiday. Large-cap stocks also gained from Hong Kong and China’s regulators’ decision to allow cross-border sales of mutual funds. Meanwhile, China’s market regulator provided approvals for 23 more IPOs. It also said it will clamp down on irregular trading activity. The Shanghai Composite increased 2% on Tuesday, marking its largest six day gain since Nov 2008. The 15% increase was the highest among all global benchmarks. Gains were fueled by optimism among investors that government measures to increase access to financial markets will increase fund inflows. Tech and consumer posted the strongest gains. The CSI 300 moved up 1.9%. Sub-indexes of tech and consumer discretionary stocks advanced a minimum of 3.6%, the most among the 10 industry groups. The Hang Seng advanced 0.9% while the H-share index added 2.6%. The Shenzhen Composite surged 3.6%. Turnover on the Shanghai exchange was the second largest ever recorded. Stocks gained for the seventh consecutive day on Wednesday. The benchmark index moved close to the 5,000 mark for the first time in seven years. Commodity and power stocks helped boost the broader markets. The benchmark index moved up 0.6%, swinging between gains and losses before ending the day in the green. Meanwhile, profits of industrial companies increased 2.6% in April, following a 0.4% decline in March. The CSI 300 lost 0.3%. A sub-index of financial stocks moved down 1.2%. On the other hand, sub-indexes of utilities, energy and material stocks gained a minimum of 2%, emerging as the highest gainers among the 10 industry groups. The Hang Seng declined 0.6% while the Hang Seng China Enterprises Index lost 0.7%. The Shanghai Composite plunged 6.5% on Thursday, marking the largest decline in four months. Losses were caused by the decision of brokerages to increase restrictions on lending. Meanwhile, the country’s central bank pulled out money from the financial system via the sale of repurchase agreements to specific financial institutions. Financial and commodity stocks weighed on the broader market. Additionally, concerns over the launch of more IPOs also dampened investor sentiment. Analysts opined that another round of profit taking was taking place. The CSI 300 declined 6.7%. All its 10 sub-indexes lost in excess of 5%. Sub-indexes of material, financial and energy stocks declined by a minimum of 7%. The Hang Seng moved down 2.2% while the H-share index declined 3.5%. Stocks in the News Ctrip.com International Ltd. has acquired a 37.6% stake in eLong Inc. from Expedia Inc. for around $400 million. Expedia has said that it has offloaded its entire stake in eLong to Ctrip, among others, for approximately $671 million. In 2004, Expedia had purchased a 30% stake in eLong before raising it to 62.4% in 2011. Ctrip.com ADRs gained 18% on Apr 22, the highest increase experienced since it was listed on the NYSE in Dec 2003. In a separate development, The Priceline Group Inc. has stated that it will raise its investment in Ctrip.com. Priceline will invest an additional $250 million in the Chinese travel booking website via the convertible bond route. This follows an investment of $500 million made last year. Following the new injection of funds, Priceline will hold 10.5% of the company’s outstanding shares. Trina Solar Limited reported first-quarter 2015 earnings of 13 cents per ADS, well above the Zacks Consensus Estimate of 9 cents but below year-ago earnings of 36 cents. Revenues climbed 25.5% year over year to $558.1 million, beating the Zacks Consensus Estimate of $507 million. Robust performance was credited to growing worldwide demand for solar panels and wider use of clean energy. Total module shipments during the quarter came in at 1,026.2 MW. Of these, shipments for Trina Solar power projects constituted 134.5 MW while external shipments made up 891.7 MW. This is significantly higher than year-ago shipments of 558.0 MW and exceeds company guidance of 840-870 MW. JA Solar Holdings Co., Ltd. (JASO) has teamed up with Essel Infraprojects Limited ("EIL") for setting up a solar cell and module manufacturing joint venture (“JV”) unit in India. The two companies signed a memorandum of understanding (“MoU”) on May 16 at the India-China Business Forum in Shanghai, which was part of India’s Prime Minister Narendra Modi's China visit. The facility will have a production capacity of 500 megawatts (“MW”). The forum’s agenda prioritized the construction of a photovoltaic park and underlined the importance of international partnerships in the photovoltaic industry. 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 >> About Zacks Equity Research Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term. Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. 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CTRIP.COM INTL (CTRP): Free Stock Analysis Report
ELONG INC-ADR (LONG): Free Stock Analysis Report
EXPEDIA INC (EXPE): Free Stock Analysis Report
TRINA SOLAR LTD (TSL): Free Stock Analysis Report
JA SOLAR HOLDGS (JASO): Free Stock Analysis Report
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