Global Sources (GSOL): Shares cycling in bullish 'pennant'

Filed under: Earnings reports, Analyst upgrades and downgrades, Technical Analysis, Stocks to Buy

Global Sources (NASDAQ: GSOL) is a business-to-business media company, providing information and integrated marketing services to import/export traders. The firm creates and hosts Web sites that feature the products of some 150,000 suppliers in over 200 countries, with a strong focus on the Chinese market. It also publishes trade magazines and hosts trade shows. The company's services are directed toward businesses in the computer, electronics, security, telecom, textile, fashion, machinery and home products sectors.

Global Sources pleased investors earlier in the month, when it reported Q4 EPS of 19 cents and revenues of $60.8 million. Analysts had been looking for 16 cents and $61 million. Management guided Q1 EPS to 11-12 cents (11 cent consensus) and Q1 revenues to $39.5-$40.0 million ($39.67M consensus). Citigroup subsequently upgraded the shares to "buy."

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