Huitao Technology Co., Ltd Received Nasdaq Delisting Letter Regarding Stockholders’ Equity Deficiency

Jan 25, 2020 (China Money Network via COMTEX) — BEIJING, Jan. 25, 2020 /PRNewswire/ — Huitao Technology Co., Ltd. HHT, -3.50% (the “Company” or “HHT“), a construction company engaging in the production of advanced construction materials for large scale infrastructure, commercial and residential developments, today announced that it has received a notice (the “Notice“)  from the Nasdaq Stock Market ()Nasdaq“) stating that it had not been able to regain compliance with Nasdaq’s $2.5 million minimum stockholders’ equity requirement (the “Stockholders’ Equity Requirement“) or the alternative criteria set forth in Nasdaq Listing Rule 5550(b) and that the Staff had determined to seek to delist the Company’s securities from Nasdaq unless the Company requests a hearing before the Nasdaq Hearings Panel (the “Panel“). Nasdaq Listing Rule 5550(b) requires the Company maintain either: (1) stockholders’ equity of $2.5 million; or (2) market value of listed securities of $35 million; or (3) net income from continuing operations of $500,000 in the most recently completed fiscal year or two of the last three most recently completed fiscal years for continued listing on the Nasdaq Capital Market. 

The Company intends to request a hearing before the Panel by January 28, 2020. Such request will stay any suspension or delisting action by Nasdaq pending the completion of the hearing process. There can be no assurance that the Panel will grant the Company’s request for additional time to demonstrate compliance of continued listing requirement or that the Company will be able meet the continued listing requirement during any compliance period or in the future. If the Panel does not grant the Company’s request for additional time, its ordinary shares will be subject to delisting and the liquidity and marketability of the Company’s ordinary shares would be adversely affected.

This announcement is made in compliance with Nasdaq Listing Rule 5810(b),

Read More Here...

5G: Double Down On Turkcell

This week, we take another look at Turkcell (NYSE:TKC) (TCELL:Istanbul), one of our favorite non-U.S. stocks and a 5G technologies play. We maintain a Strong Buy recommendation on Turkcell and hold the company in our WMA 5G Technologies portfolio. Our first recommendation of Turkcell was given in November of 2018 (see “Turkcell: A Buy Among Telecoms“) with the price of the U.S.-listed shares trading at $5.25.

5G Technologies: A Global Investment Theme

U.S. investors admittedly have a home bias when investing. The U.S. stock market outperformance versus the world equities has made the U.S. stock bias appear to be a wise decision over most of this bull market. At least up to now. It should not be a surprise to find U.S. investors playing the 5G technologies theme mainly in U.S.-listed firms. Qualcomm (NASDAQ:QCOM), which is set to expand its 5G chip technology, is a hot stock among investors. U.S. semiconductor stocks in general have bid up to nosebleed levels over the past year. U.S. telecom companies, notably Verizon (NYSE:VZ) and AT&T (NYSE:T), are also seen as a popular way to play the 5G theme. We recognize, however, that the 5G roll-out concerns the whole world, not just the U.S. Moreover, given the stretched valuations of most U.S. stocks, including 5G plays, relative valuation (and upside stock price potential) argues in favor of playing some global, non-U.S. companies active in the 5G technologies development. Turkcell, we believe, has one of the greatest price upside potentials among companies active in 5G.

While Turkcell is not a household name, like AT&T or Verizon, the principal cell phone operator in Turkey is making great advances in 5G research. Turkcell has been working on 5G for several years in cooperation with Huawei, Samsung (OTC:SSNLF), and Ericsson (NASDAQ:ERIC). Last year Turkcell attained the highest internet

Read More Here...

Cramer's week ahead earnings: 'We've got a huge number of companies reporting next week'

As fears of the coronavirus grow, stock prices are likely to contract and investors should be prepared for buying opportunities, CNBC’s Jim Cramer said Friday.

“We’ve got a huge number of companies reporting next week, but the biggest story by far will be the coronavirus outbreak,” the “Mad Money” host said. “If a high-quality stock gets slammed, and that stock has nothing to do with travel or with China, then use the overall decline to pounce on it.”

The Dow Jones Industrial Average finished the week of trading in the red as worries about the spreading deadly disease helped bring the index down 170 points during the session. The S&P 500 and Nasdaq Composite also posted down weeks, declining almost 1% the same day a second person was diagnosed with coronavirus in the U.S.

The flu-like virus originated in China and has led to the death of 41 people and spread to more than 1,000 others globally.

“In the end, this market wants answers and the Chinese government is not being forthcoming about how the disease is contracted or how it can be treated,” said Cramer, who has warned that the epidemic could put a dent in the travel industry and associated businesses.

“Going into next week, this illness could eclipse the many earnings stories that we have coming up, because it is a big week,” he said.

Cramer went on to present his game plan for the week ahead:

Monday: D.R. Horton earnings

D.R. Horton, a large homebuilder, reports earnings for its first quarter of the 2020 fiscal year before the market opens. Wall Street is looking for $3.75 billion in revenue and 92 cents per share of earnings.

Tuesday: United Technologies, 3M, HCA Healthcare, Apple, AMD, Starbucks earnings

United Technologies reports fourth-quarter and

Read More Here...

Cramer's week ahead earnings: 'We've got a huge number of companies reporting next week'

As fears of the coronavirus grow, stock prices are likely to contract and investors should be prepared for buying opportunities, CNBC’s Jim Cramer said Friday.

“We’ve got a huge number of companies reporting next week, but the biggest story by far will be the coronavirus outbreak,” the “Mad Money” host said. “If a high-quality stock gets slammed, and that stock has nothing to do with travel or with China, then use the overall decline to pounce on it.”

The Dow Jones Industrial Average finished the week of trading in the red as worries about the spreading deadly disease helped bring the index down 170 points during the session. The S&P 500 and Nasdaq Composite also posted down weeks, declining almost 1% the same day a second person was diagnosed with coronavirus in the U.S.

The flu-like virus originated in China and has led to the death of 41 people and spread to more than 1,000 others globally.

“In the end, this market wants answers and the Chinese government is not being forthcoming about how the disease is contracted or how it can be treated,” said Cramer, who has warned that the epidemic could put a dent in the travel industry and associated businesses.

“Going into next week, this illness could eclipse the many earnings stories that we have coming up, because it is a big week,” he said.

Cramer went on to present his game plan for the week ahead:

Monday: D.R. Horton earnings

D.R. Horton, a large homebuilder, reports earnings for its first quarter of the 2020 fiscal year before the market opens. Wall Street is looking for $3.75 billion in revenue and 92 cents per share of earnings.

Tuesday: United Technologies, 3M, HCA Healthcare, Apple, AMD, Starbucks earnings

United Technologies reports fourth-quarter and

Read More Here...

Cramer's week ahead earnings: 'We've got a huge number of companies reporting next week'

As fears of the coronavirus grow, stock prices are likely to contract and investors should be prepared for buying opportunities, CNBC’s Jim Cramer said Friday.

“We’ve got a huge number of companies reporting next week, but the biggest story by far will be the coronavirus outbreak,” the “Mad Money” host said. “If a high-quality stock gets slammed, and that stock has nothing to do with travel or with China, then use the overall decline to pounce on it.”

The Dow Jones Industrial Average finished the week of trading in the red as worries about the spreading deadly disease helped bring the index down 170 points during the session. The S&P 500 and Nasdaq Composite also posted down weeks, declining almost 1% the same day a second person was diagnosed with coronavirus in the U.S.

The flu-like virus originated in China and has led to the death of 41 people and spread to more than 1,000 others globally.

“In the end, this market wants answers and the Chinese government is not being forthcoming about how the disease is contracted or how it can be treated,” said Cramer, who has warned that the epidemic could put a dent in the travel industry and associated businesses.

“Going into next week, this illness could eclipse the many earnings stories that we have coming up, because it is a big week,” he said.

Cramer went on to present his game plan for the week ahead:

Monday: D.R. Horton earnings

D.R. Horton, a large homebuilder, reports earnings for its first quarter of the 2020 fiscal year before the market opens. Wall Street is looking for $3.75 billion in revenue and 92 cents per share of earnings.

Tuesday: United Technologies, 3M, HCA Healthcare, Apple, AMD, Starbucks earnings

United Technologies reports fourth-quarter and

Read More Here...

Cramer's week ahead earnings: 'We've got a huge number of companies reporting next week'

As fears of the coronavirus grow, stock prices are likely to contract and investors should be prepared for buying opportunities, CNBC’s Jim Cramer said Friday.

“We’ve got a huge number of companies reporting next week, but the biggest story by far will be the coronavirus outbreak,” the “Mad Money” host said. “If a high-quality stock gets slammed, and that stock has nothing to do with travel or with China, then use the overall decline to pounce on it.”

The Dow Jones Industrial Average finished the week of trading in the red as worries about the spreading deadly disease helped bring the index down 170 points during the session. The S&P 500 and Nasdaq Composite also posted down weeks, declining almost 1% the same day a second person was diagnosed with coronavirus in the U.S.

The flu-like virus originated in China and has led to the death of 41 people and spread to more than 1,000 others globally.

“In the end, this market wants answers and the Chinese government is not being forthcoming about how the disease is contracted or how it can be treated,” said Cramer, who has warned that the epidemic could put a dent in the travel industry and associated businesses.

“Going into next week, this illness could eclipse the many earnings stories that we have coming up, because it is a big week,” he said.

Cramer went on to present his game plan for the week ahead:

Monday: D.R. Horton earnings

D.R. Horton, a large homebuilder, reports earnings for its first quarter of the 2020 fiscal year before the market opens. Wall Street is looking for $3.75 billion in revenue and 92 cents per share of earnings.

Tuesday: United Technologies, 3M, HCA Healthcare, Apple, AMD, Starbucks earnings

United Technologies reports fourth-quarter and

Read More Here...

Cramer's week ahead earnings: 'We've got a huge number of companies reporting next week'

As fears of the coronavirus grow, stock prices are likely to contract and investors should be prepared for buying opportunities, CNBC’s Jim Cramer said Friday.

“We’ve got a huge number of companies reporting next week, but the biggest story by far will be the coronavirus outbreak,” the “Mad Money” host said. “If a high-quality stock gets slammed, and that stock has nothing to do with travel or with China, then use the overall decline to pounce on it.”

The Dow Jones Industrial Average finished the week of trading in the red as worries about the spreading deadly disease helped bring the index down 170 points during the session. The S&P 500 and Nasdaq Composite also posted down weeks, declining almost 1% the same day a second person was diagnosed with coronavirus in the U.S.

The flu-like virus originated in China and has led to the death of 41 people and spread to more than 1,000 others globally.

“In the end, this market wants answers and the Chinese government is not being forthcoming about how the disease is contracted or how it can be treated,” said Cramer, who has warned that the epidemic could put a dent in the travel industry and associated businesses.

“Going into next week, this illness could eclipse the many earnings stories that we have coming up, because it is a big week,” he said.

Cramer went on to present his game plan for the week ahead:

Monday: D.R. Horton earnings

D.R. Horton, a large homebuilder, reports earnings for its first quarter of the 2020 fiscal year before the market opens. Wall Street is looking for $3.75 billion in revenue and 92 cents per share of earnings.

Tuesday: United Technologies, 3M, HCA Healthcare, Apple, AMD, Starbucks earnings

United Technologies reports fourth-quarter and

Read More Here...

Cramer's week ahead earnings: 'We've got a huge number of companies reporting next week'

As fears of the coronavirus grow, stock prices are likely to contract and investors should be prepared for buying opportunities, CNBC’s Jim Cramer said Friday.

“We’ve got a huge number of companies reporting next week, but the biggest story by far will be the coronavirus outbreak,” the “Mad Money” host said. “If a high-quality stock gets slammed, and that stock has nothing to do with travel or with China, then use the overall decline to pounce on it.”

The Dow Jones Industrial Average finished the week of trading in the red as worries about the spreading deadly disease helped bring the index down 170 points during the session. The S&P 500 and Nasdaq Composite also posted down weeks, declining almost 1% the same day a second person was diagnosed with coronavirus in the U.S.

The flu-like virus originated in China and has led to the death of 41 people and spread to more than 1,000 others globally.

“In the end, this market wants answers and the Chinese government is not being forthcoming about how the disease is contracted or how it can be treated,” said Cramer, who has warned that the epidemic could put a dent in the travel industry and associated businesses.

“Going into next week, this illness could eclipse the many earnings stories that we have coming up, because it is a big week,” he said.

Cramer went on to present his game plan for the week ahead:

Monday: D.R. Horton earnings

D.R. Horton, a large homebuilder, reports earnings for its first quarter of the 2020 fiscal year before the market opens. Wall Street is looking for $3.75 billion in revenue and 92 cents per share of earnings.

Tuesday: United Technologies, 3M, HCA Healthcare, Apple, AMD, Starbucks earnings

United Technologies reports fourth-quarter and

Read More Here...

Cramer's week ahead earnings: 'We've got a huge number of companies reporting next week'

As fears of the coronavirus grow, stock prices are likely to contract and investors should be prepared for buying opportunities, CNBC’s Jim Cramer said Friday.

“We’ve got a huge number of companies reporting next week, but the biggest story by far will be the coronavirus outbreak,” the “Mad Money” host said. “If a high-quality stock gets slammed, and that stock has nothing to do with travel or with China, then use the overall decline to pounce on it.”

The Dow Jones Industrial Average finished the week of trading in the red as worries about the spreading deadly disease helped bring the index down 170 points during the session. The S&P 500 and Nasdaq Composite also posted down weeks, declining almost 1% the same day a second person was diagnosed with coronavirus in the U.S.

The flu-like virus originated in China and has led to the death of 41 people and spread to more than 1,000 others globally.

“In the end, this market wants answers and the Chinese government is not being forthcoming about how the disease is contracted or how it can be treated,” said Cramer, who has warned that the epidemic could put a dent in the travel industry and associated businesses.

“Going into next week, this illness could eclipse the many earnings stories that we have coming up, because it is a big week,” he said.

Cramer went on to present his game plan for the week ahead:

Monday: D.R. Horton earnings

D.R. Horton, a large homebuilder, reports earnings for its first quarter of the 2020 fiscal year before the market opens. Wall Street is looking for $3.75 billion in revenue and 92 cents per share of earnings.

Tuesday: United Technologies, 3M, HCA Healthcare, Apple, AMD, Starbucks earnings

United Technologies reports fourth-quarter and

Read More Here...

Cramer's week ahead earnings: 'We've got a huge number of companies reporting next week'

As fears of the coronavirus grow, stock prices are likely to contract and investors should be prepared for buying opportunities, CNBC’s Jim Cramer said Friday.

“We’ve got a huge number of companies reporting next week, but the biggest story by far will be the coronavirus outbreak,” the “Mad Money” host said. “If a high-quality stock gets slammed, and that stock has nothing to do with travel or with China, then use the overall decline to pounce on it.”

The Dow Jones Industrial Average finished the week of trading in the red as worries about the spreading deadly disease helped bring the index down 170 points during the session. The S&P 500 and Nasdaq Composite also posted down weeks, declining almost 1% the same day a second person was diagnosed with coronavirus in the U.S.

The flu-like virus originated in China and has led to the death of 41 people and spread to more than 1,000 others globally.

“In the end, this market wants answers and the Chinese government is not being forthcoming about how the disease is contracted or how it can be treated,” said Cramer, who has warned that the epidemic could put a dent in the travel industry and associated businesses.

“Going into next week, this illness could eclipse the many earnings stories that we have coming up, because it is a big week,” he said.

Cramer went on to present his game plan for the week ahead:

Monday: D.R. Horton earnings

D.R. Horton, a large homebuilder, reports earnings for its first quarter of the 2020 fiscal year before the market opens. Wall Street is looking for $3.75 billion in revenue and 92 cents per share of earnings.

Tuesday: United Technologies, 3M, HCA Healthcare, Apple, AMD, Starbucks earnings

United Technologies reports fourth-quarter and

Read More Here...