EDU Stock Recent News

New Oriental's stock has surged 181% this year due to the recovery in China's education and domestic travel market. The company has successfully navigated regulatory changes and is poised to benefit from industry consolidation. New Oriental is expanding into the booming study abroad and overseas education market, as well as the senior tourism market.

It's no secret that China's economy has struggled in recent years. However, Stock Strategist Andrew Rocco sees opportunity amidst the chaos.

China's economy has been slammed recently by a multitude of concerning developments. The real estate market is again going through a painful deleveraging, demographic issues are putting pressure on labor force participation and economic growth is being challenged by a wave of deflation.

New Oriental (EDU) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.

New Oriental Education & Technology Group Inc. (NYSE:EDU ) Q4 2023 Earnings Conference Call July 26, 2023 8:00 AM ET Company Participants Sisi Zhao - Investor Relations Stephen Yang - Executive President and Chief Financial Officer Conference Call Participants Felix Liu - UBS Yiwen Zhang - China Renaissance Lucy Yu - Bank of America Securities Candis Chan - Daiwa Tony Wang - CICC Operator Good evening and thank you for standing by for New Oriental's FY 2023 Fourth Quarter Results Earnings Conference Call. After management's prepared remarks, there will be a question-and-answer session.

Two new Breakout Stocks for Week 10 with better than 10% short-term upside and a Dow 30 Picks. Average cumulative returns for 2023 are +38.0% YTD. The Momentum Gauges® were negative from Week 8 with a positive signal late in Week 9. ARAV jumped 12% to end the week with strong momentum.

Chinese education stocks are on the rise Friday despite a lack of news specifically related to these companies. Instead, it looks like Chinese education stocks are continuing their recent upward momentum as investors react to loosening Covid-19 restrictions in the country.

Some Chinese stocks rebounded after Beijing published positive economic numbers.

Here is how New Oriental Education (EDU) and Virco Manufacturing Corporation (VIRC) have performed compared to their sector so far this year.

Several Chinese stocks fell along with the broader markets.