After the bell yesterday, Chinese gaming company Netease.com (NTES) reported third-quarter earnings that were up 26% on strong growth. However, shares are off 4% today since the results fell short of Wall Street’s expectations.
NTES shares have now pulled back more than 10% from a 52-week set in late September. I told my Global Growth subscribers to sell this stock in early October and lock in a dramatic 67% gain. We certainly made the right choice with our sale, since it protected our big profits.
You will notice that NTES is still rated a B or “Buy” in my exclusive Portfolio Grader tool, (Get my free in-depth report on Netease.com NTES here) so my advice going forward is that if you don’t own the stock already, this earnings report could offer a good buying opportunity. This is a stock that you’ll have to watch carefully and make sure you check back with Portfolio Grader often to make sure the company keeps its buy rating in the months to come.
Remember, buying a stock at a good price is only half the battle. You need to know when to pull the trigger and when to take your profits off the table. Our timing couldn’t have been better in Netease.com and we did this with the help of Portfolio Grader.
If you’re interested in diversifying your portfolio by adding top-quality global stocks, you should check out my Global Growth service. We currently own 11 Chinese stocks, for an average gain of 21% in just 12 weeks! I remain very bullish on this emerging market and am always looking to add strong Chinese stocks to
Want to find out more about pinpointing the hottest global stocks right now? I outline all the details to finding great international picks in my special report, Three Secrets to Quicker, Bigger Global Profits–plus I’ll also reveal my absolute favorite global stock right now at no cost. Sign up for this FREE report now!