3 Reasons NetEase Is Hitting New Highs Ahead of Quarterly Results
China may not seem like a hotbed for growth, with the economy slowing in the world's most populous nation, but NetEase (NASDAQ: NTES) still found a way to notch another 52-week high on Friday. The provider of online services and casual games doesn't report financial results until later this month, but obviously investors think it will do just fine, going by its buoyant stock.
This isn't an all-time high for NetEase. The stock was trading nearly 7% higher when it peaked in late 2017. However, for the stock to push to its highest level in more than two years is notable in itself, making it one of the few Chinese stocks scoring fresh recent highs last week. So let's review three reasons the market is warming up to NetEase again.
Image source: NetEase.
Source Fool.com