EDU Stock Recent News

Shares of New Oriental (EDU, Financial) fell approximately 9.8% in pre-market trading to $71.77. This decline followed a report from Macquarie, which adjusted its forecast for New Oriental's non-GAAP net profit for fiscal years 2025 to 2027 downward by 11.6% to 13.3%.

U.S.-listed Chinese education stocks surged following the release of a new policy focusing on employment and education integration. TAL Education Group (TAL, Financial) saw its shares rise over 4%, New Oriental Education & Technology Group (EDU) gained more than 3%, and Gaotu Techedu Inc. (GOTU) increased nearly 1%.

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.

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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.