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SOHO, BABA and CF made it to the Zacks Rank #1 (Strong Buy) value stocks list on October 15, 2024.
The market's price action and attention are making a new shift this quarter. For most of 2024, everyone wanted to find the next best thing in the United States technology sector, as the semiconductor industry saw massive rallies in shares of NVIDIA Co. However, it seems that the industry has run its course, and investors are now left to find the next hot trend, which came up in an unlikely place worldwide.
A lot of sideways action is under discussion of today's Big 3 charts. @ProsperTradingAcademy's Mike Shorr joins Kevin Green and Nicole Petallides to break down the technical trends of D.R.
Alibaba's ADRs have climbed 32% over the past month. Singles Day will test the stock's revival.
Chinese stocks had a mixed reaction Monday to a press conference over the weekend where officials promised further action but didn't deliver a clear number on how much the country would spend in doing so.
I rate Alibaba stock as a "buy" due to catalysts like China's $1.07 trillion stimulus, Alibaba's international growth, and the end of regulatory crackdowns. Ant Group's potential IPO is a major, overlooked catalyst, with Alibaba holding a 33.3% stake, despite regulatory changes since 2020. Ant Group's evolving business model, including new regulations and restructuring, positions it for sustainable long-term growth and a future IPO.
Michael Burry is one of the best investors of our time. Just recently, he heavily invested in an office REIT. We review this investment and share our thoughts on it.
Alibaba's stock broke out of a prolonged trading range, reaching new highs above $117.50, prompting a bullish outlook. Despite missing earnings and revenue estimates, international segments like AliExpress and Lazada showed 32% annual growth. Alibaba Cloud posted $3.74 billion in revenue, indicating 6% annual growth, suggesting long-term growth potential.
Chinese stocks, represented by the Shanghai Stock Exchange (SSE) CSI 300 index, registered big losses after a recent massive surge. China's stock market reached a two-year high on October 9, a few days after the government provided significant financial stimulus.
Billionaire investor David Tepper has a better track record in the stock market than his Carolina Panthers National Football League team has on the gridiron this year.