A summary of each days top rating changes from sell-side analysts on the street.
Benzinga is a fast-growing, dynamic and innovative financial media outlet that empowers investors with high-quality, unique content.
: 20 Stocks Moving In Tuesdays Pre-Market Session
Click here to access your premium account
Your weekly roundup of hot topics in the exciting world of fintech.
: Steve Maddens Valuation Has Gone A S…
Everything you need to know about the market – quick & easy.
: Stifel Raises Netflix Price Target Ahead Of Q2 Print
: 5 Hot Pot Stocks In 2018 And 5 More To Watch The Rest Of The Year
If you have any questions as it relates to either of the three newsletters, please feel free to contact us at 1-877-440-ZING.
Want Your Stock To Rally? Just Mention Bitcoin Or Blockchain
NQ recently received $459 million in cash and $270 million in senior notes at an 8-percent interest rate from the Chinese private equity firm Tongfang Hightech M&A, Zhang said in a Thursday note. (See Zhangs track recordhere.)
NQ Mobile Inc (ADR)(NYSE:NQ), a China-based global provider of mobile internet services, was highlighted by a Wall Street analyst as being the next big thing in areas like internet of vehicles,blockchainand smart cars.
The company plans on selling its mobile gaming and mobile entertainment businesses, which implies it will hold $778 million in cash, the analyst said. Even when factoring in a $220-million convertible bond that was issued, the stock will still trades below its net cash level, as it closed on Wednesday valued at $390 million.
: 6 Stocks Moving In Wednesdays After-Hours Session
for registering for Benzingas newsletters and alerts.
: 7 Stocks To Watch For July 10, 2018
: 25 Stocks Moving In Wednesdays Pre-Market Session
Blockchain, Internet Of Vehicles Has NQ Mobile Rallying
• The Market in 5 Minutes email will be received daily between 7am and 8am.
: resTORbio Spikes Higher Following Posi…
• The Fintech Focus email will be received every Friday between 2pm and 5pm.
: How Lossless Cannabis Activation Allows Users To Access A…
NQ Mobilesnew partnershipwith Linkmotion gives the company exposure to the next big thing in technology, including internet of vehicles, blockchain and smart cars, the analyst said. Linkmotion offers a differentiated full platform operating system, making it not just an infotainment software add-on, but a fully integrated OS and hardware platform that replaces the myriad of ECU complexities while providing car makers with a robust and secure solution, according to Rosenblatt.
View upcoming Earnings, Ratings, Dividend and Economic Calendars.
© 2018 . Benzinga does not provide investment advice. All rights reserved.
Jayson Derrick, Benzinga Staff Writer
Shares of NQ Mobile were trading higher by 13.50 percent shortly after Thursdays open.
: Elon Musk Says Hell Fund Fixing Any House In Flint With Co…
33 Stocks Moving In Wednesdays Mid-Day Session
: BofA Remains Skeptical On Tesla Model 3 P…
Combining this with the fact that the data is shared and stored in the cloud, this connected car environment can be much more than just a car or consumer vehicle but can also become a services and technology platform of the future, Zheng said. Linkmotion has also developed internal blockchain technology and a platform to support connected car services.
What are you waiting for? Sign up now!
Rosenblatt SecuritiesJun Zhangmaintains a Buy rating onNQs stockrating with an unchanged $13 price target.
New Ways To Track Blockchain, Cryptocurrency Hedge Funds
• The Daily Analysts Ratings email will be received daily between 7am and 10am.
: Benzingas Top Upgrades, Downgrades Fo…