January 30, 2012 (Chinavestor) Energy and technology stocks were the best bets in the first four week in 2012. Consumer durables, capital goods, and basic materials not only underperformed but tragically fell.
Investors are going to gain some insight soon as the earnings season kicks into high gear for Chinese stocks this week and next. Baidu.com Inc. (NASDAQ:BIDU) reports earnings today with Sina Corp. (NASDAQ:SINA), Sohu.com Inc. (SOHU), and Changyou.com Inc. (NASDAQ:CYOU) next.Investors lifted shares of Baidu.com Inc. (NASDAQ:BIDU) over $130/share before earnings announcement last Friday. Sina Corp. (NASDAQ:SINA), 51job Inc. (NASDAQ:JOBS) and Tudou.com (NYSE:TUDO) became overbought on the same time. This is primarily responsible for the strength of the technology sector. Petrochina Co. Ltd. (NYSE:PTR), CNOOC Ltd. (NYSE:CEO), index heavy weight, were outperfor,miong the broad market in January. But it was Chinese solar stocks that did best in the energy sector. Suntech Power (NYSE:STP) is up 64.6% followed closely by Trina Solar (NYSE:TSL) and Yingli Green Energy (NYSE:YGE).
Chinavestor members are free to inquire a detailed analysis of each sector.