Orlando, FL -- (SBWIRE) -- 09/05/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On SAIC, Inc.(NYSE:SAI), E Commerce China Dangdang Inc (ADR)(NYSE:DANG).
SAIC, Inc.(NYSE:SAI) has won a major contract worth $118 million from LSB Industries for providing engineering, procurement, and construction services (EPC) for a new ammonia plant at a site belonging to LSB’s subsidiary, in El Dorado, Arkansas.
Should Investors Rush To Buy SAI After The Solid Rally? Get Special Report Here
LSB manufactures multiple products for various sectors including agriculture, industrial, mining, quarry, and construction sectors.
SAI has a large pipeline of new projects. The company has an employee strength of approximately 40,000, and serves several U.S. Government Departments.
Meanwhile, J.P. Morgan has advised its clients to sell E Commerce China Dangdang Inc (ADR)(NYSE:DANG) shares and buy Vipshop.com stock. Both are China-based e-commerce companies.
How Should Investors Trade DANG After The Recent Volatility? Get Free Report Here
Dangdang which started with selling books online, now sells a large variety of goods. On the other hand, Vipshop is a flash sale site. In May, Dangdang launched a flash sales site and started luring Vipshop’s traffic.
The analysts are advising selling Dangdang because it is in a crowded e-commerce space with tough competition. This situation is likely to continue for at least another 2 years before the market begins to consolidate.
There is also competition from sites selling specific products. For instance 360Buy and Suning Yigou sell general merchandise and books, while Taobao and Tmall sell apparel.
In comparison, the flash sale market is still underdeveloped. The analysts therefore like Vipshop.
The number of offline discount stores is few and even those are located in top-tier cities. The analysts think that Vipshop has a dominant market share in the pure flash sales market in the country. According to them, the number of large e-commerce players entering the flash sales space will increase, but not immediately.
J.P. Morgan has set Dangdang’s price target at a $6.5 and Vipshop’s price target at $51.
Dangdang shares shed 10.7% and slid to $7.75 while Vipshop rose 7.6% to $43.6 in mid-day trade.
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