|Day Low/High||15.30 / 15.90|
|52 Wk Low/High||9.22 / 17.97|
Let's be clear. The virus is the problem, and the economy will contract, perhaps significantly so, regardless of policy efforts made to counteract this reality.
Compared with prior Singles Day events, Alibaba got a bigger sales lift this year from 'lower-tier' Chinese cities, and saw stronger promotional activity from big brands.
We also take a look at the charts of Costco Wholesale and Viacom to check out potential plays in both stocks.
This trade idea leaves plenty of time to see if the breakout takes hold without getting eaten alive by time decay.
Plus, if you think equities have been on an upward trajectory, you might want to give them a second, longer-term look.
I know I haven't talked much about the overall markets today. My analysis falls well short of Dougie in this regard. I tend to trade or focus on specific sectors with volatility and action. That means I spend a lot of time with cannabis, eSports, Ch...
Equity markets had been hot. Real hot, going into this week's FOMC policy decision. Still no China trade deal.
You may recall that TME, the Chinese Music streaming business that IPO'd last December, while not a trade related play, certainly would be a Chinese growth play.
GSKY bulls watched as the stock lost two-thirds of its value from its post-IPO high and are now looking for news to turn the bearish tide.
It's okay to take some profits on TME but don't be surprised if the stock makes additional gains.
Cash is a lazy asset, but the genesis of Berkshire's underperformance has been choosing the wrong investments.
Tencent Music is the largest music streamer in China and boasts over 800 million monthly average users.
Or is it central banking? I know that you noticed the fact that Chinese mainland equities came back from the Lunar New Year with a bit of gusto. The Shanghai Composite picked up a cool 1.36% in Monday trade. This came after China's commerce ministry...
Market participants are smart enough to know by now that when one must venture across thin ice, one does not linger.