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2 Undervalued Growth Stocks to Buy Now
The Motley Fool· 2024-09-27 16:07
Based on future growth expectations, these stocks are still cheap.In this video, I will discuss two undervalued growth stocks worth buying despite the recent rally. Check out the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Sept. 26, 2024. The video was published on Sept. 27, 2024. ...
Alibaba, Tencent rally as Beijing stimulus plans push China's tech stocks to 13-month high
CNBC· 2024-09-27 08:54
Alibaba closed above $100 per share for the first time since August last year in the U.S. on Thursday, after surging 10% during the session. On Friday, the company's Hong Kong-listed stock reached its highest close since February 2023, up nearly 5% to 102.50 Hong Kong dollars. The e-commerce giant's shares in Hong Kong are around 18% higher this week.The Hang Seng Tech Index in Hong Kong, which contains most of the big Chinese tech stocks, closed up nearly 6% at its highest level since early August 2023. Th ...
Alibaba Vs. Amazon: Which E-Com Stock is the Better Buy
ZACKS· 2024-09-26 22:01
News of China's economic stimulus has given Chinese equities a spike this week with Alibaba (BABA)  starting to turn heads again. Alibaba’s stock has catapulted +14% this month with BABA now sitting on +30% gains for the year to top American e-commerce giant Amazon's (AMZN)  +25%. Seeing as Alibaba and Amazon shares have had nice momentum in September, it's certainly a worthy topic of which e-commerce stock may be the better buy. To that point, its notable that their Zacks Internet-Commerce Industry is curr ...
Tepper Crushes China Trade: Here's Why he's Still Bullish
ZACKS· 2024-09-26 19:11
Who is David Tepper?David Tepper is a hedge fund manager and the portfolio manager of Appaloosa Management – an investment firm recognized for its specialization in distressed debt and stock investments. Tepper is renowned for his uncanny market sense, daring investment strategies, and high-conviction trades (which often proven correct). Over the past few decades, Tepper has emerged as a power player in the finance arena. In addition to his many accomplishments, he holds ownership of the Carolina Panthers N ...
Alibaba: This Is The Buying Moment I've Been Waiting For (Upgrade)
Seeking Alpha· 2024-09-26 13:59
JR Research is an opportunistic investor. He was recognized by TipRanks as a Top Analyst. He was also recognized by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. He identifies attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. He has also demonstrated outperformance with his picks. He focuses on identifying growth investing opportunities that present the most attracti ...
Alibaba: AIDC A Key Long-Term Growth Lever
Seeking Alpha· 2024-09-26 07:37
I am an experienced financial analyst and a former writer for Fade The Market on Seeking Alpha, with a passion for numbers and a knack for unraveling complex financial data. Armed with a strong financial modeling and data analysis background, I thrive on providing accurate insights and recommendations to drive informed financial decisions. I possess a keen eye for detail and possess a solid understanding of market trends and economic indicators. My expertise lies in evaluating investment opportunities, asse ...
How Alibaba, PDD, And JD.com Divide And Conquer (Rating Upgrade)
Seeking Alpha· 2024-09-25 09:49
Our mission is to help investors to grow their fortune and enjoy investing along the way. Our approach is investing in companies making a difference and creating phenomenon value for human societies. We hedge our portfolio with short positions on companies failing to take care of their customers and utilize resources economically.In this way, we are confident to help our investors achieve sustainable and long-term financial success. Associated with Twenty Alpha.Analyst’s Disclosure: I/we have a beneficial l ...
China-Focused ETFs, Stocks Boosted by Beijing's Big Stimulus Package
Investopedia· 2024-09-24 15:50
KEY TAKEAWAYSChina-focused exchange-traded funds (ETFs) and U.S. listed-Chinese stocks surged Tuesday, buoyed by Beijing's broad stimulus package to boost the country's sluggish economy.The $4.4 billion iShares MSCI China ETF (MCHI) and the iShares China Large-Cap ETF (FXI), with roughly $4 billion in assets were both up around 6%.The measures included cuts in a key short-term interest rate and lower rates on existing mortgages amid an economic slowdown driven by a housing market slump.China also lowered th ...
Here's why Michael Burry's biggest stock bet is about to pay off
Finbold· 2024-09-24 14:37
The famous ‘Big Short’ investor Michael Burry might soon have a lot to celebrate as his biggest holding, Alibaba (NYSE: BABA) is either already in the green in its entirety, or at break-even levels.To be precise, Burry has, for a time, been in the green on the bulk of his 155,000 BABA shares but the initial batch of 50,000 has been somewhat controversial. Indeed, as the original Alibaba stock was acquired during the third quarter of 2023, it could have been bought for as little as $83 or for more than $100. ...
Alibaba Partners With Nvidia To Advance AI, Autonomous Driving, Chart Indicates Positive Momentum
Benzinga· 2024-09-24 14:19
Alibaba Group Holdings Ltd. BABA BABAF is revving up its engines, courtesy of a new partnership with Nvidia Corp NVDA that promises to take autonomous driving to the next level.By integrating Alibaba's Qwen large language models (LLMs) with Nvidia's Drive AGX Orin platform, this collaboration not only enhances in-car AI capabilities but also showcases Alibaba's strategic maneuvering amid U.S. sanctions on advanced semiconductor chips.In a display of synergy, Alibaba Cloud's partnership with Nvidia aims to e ...