July 16, 2013 at 11:30 AM EDT
Wall Street Fundamentals Releases New In-Depth Stock Reports on BIDU, DANG, QIHU and SINA

Asian markets received a boost Monday as China’s gross domestic product fell in line with expectations for the second quarter. China’s government statistics bureau reported GDP grew 7.5 percent in the second quarter, although down from a 7.7 growth in the previous quarter it was in line with economists’ forecasts. Shanghai Composite Index (SHCOMP) increased 1 percent to close at $2,059.39, following a gain of 1.6 percent last week. "Overall, economic conditions in the first half are stable; major indicators are still within the reasonable range expected at the beginning of the year," said National Bureau of Statistics’ spokesman, Sheng Laiyun.

Baidu.com, Inc. (NASDAQ: BIDU) shares traded in the range of $97.08 to $102.28 Monday before settling to close at $101.59, an increase of 4.89 percent. The stock appears to be facing some resistance at $102.99 with some support at the $100.71 and $97.34 levels. Shares of Baidu have gained approximately 1.3 percent in 2013.

More information on Baidu and access to the free equity report can be found at: www.WallStreetFundamentals.com/BIDU

E Commerce China Dangdang Inc. (NYSE: DANG) shares traded in the range of $6.97 to $7.40 Monday before settling to close at $7.04, an increase of 1.29 percent. The stock appears to be facing some resistance at the $7.42 and $8.17 levels with some support at $6.95. Shares of Dangdang have gained approximately 69.6 percent in 2013.

More information on Dangdang and access to the free equity report can be found at: www.WallStreetFundamentals.com/DANG

Qihoo 360 Technology Co. Ltd. (NYSE: QIHU) shares traded in the range of $53.19 to $55.92 Monday before settling to close at $55.28, an increase of 4.50 percent. The stock appears to have some support at the $52.51, $51.09 and $59.80 levels. Shares of Qihoo 360 have gained approximately 86.2 percent in 2013.

More information on Qihoo 360 and access to the free equity report can be found at: www.WallStreetFundamentals.com/QIHU

SINA Corp. (NASDAQ: SINA) shares traded in the range of $56.58 to $57.92 Monday before settling to close at $57.50, an increase of 1.77 percent. The stock appears to be facing some resistance at the $58.94 and $59.53 levels with some support at $56.62. Shares of SINA have gained approximately 14.5 percent in 2013.

More information on SINA and access to the free equity report can be found at: www.WallStreetFundamentals.com/SINA

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Disclaimer: Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. Wall Street Fundamentals has no financial relationship with any company whose stock is mentioned in this release.

Contact:Wall Street FundamentalsWebsite: www.WallStreetFundamentals.comEmail: editor@wallstreetfundamentals.com

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