Tag Archives: BABA

Here's Why Chinese Tech Stocks Made Big Gains Today

What happened

Chinese tech stocks made big gains in today’s trading. E-commerce industry giants Alibaba (NYSE:BABA) and JD.com (NASDAQ:JD) surged 6.9% and 14.5%, respectively, according to data from S&P Global Market Intelligence. And they weren’t the only big Chinese tech names posting impressive momentum.

BILI data by YCharts

After a battering of sell-offs driven by regulatory concerns over the past month, investors are suddenly showing an increased appetite for beaten-down Chinese tech names. Bilibili (NASDAQ:BILI), Full Truck Alliance (NYSE:YMM), KE Holdings....More>>>

7 Stocks to Buy When There’s Blood in the Streets

In general, the last quarter of the year is good for equity markets. However, it’s too early to assume that the markets are automatically headed higher. From the perspective of most investors, Q4 is set up to provide both opportunities and challenges. The upside is that the best time to look for stocks to buy is when there is blood in the streets. The bad news is that stocks may continue to struggle, given the current macro backdrop.

So, what’s the reason for concern?

Well, inflation remains high, and aggressive monetary tightening is increasing fears of a looming....More>>>

Alibaba Stock Is Ready for a Bounce After Getting Staight With Beijing

Timing a market bottom is a notoriously difficult thing to do. So, I won’t claim that now is the definitive time to invest in Alibaba (NYSE:BABA) stock.

Source: Kevin Chen Photography / Shutterstock.com

However, pundits have to admit that the case for maximizing returns by buying low looks very near. 

The truth is that Alibaba was never likely in any jeopardy of being broken up by the Chinese government. Many commenters and writers have continually banged the drum that BABA stock will rebound since its woes began late last year. 

The latest news....More>>>

7 Strong Mega-Cap Stocks to Snap Up For Dividends and Growth

Though the stock market continues to ride high in 2021, the meatiest headlines have been made by growth stocks and exciting meme plays. While triple-digit gains have been made, these riskier picks. And investors cannot afford to get complacent. So, a case can be made for investing in mega-cap stocks in the current economic climate.

One of the easiest ways to fireproof your portfolio is to invest in mega-cap stocks dominating their respective markets. Yes, the price momentum of these mature companies with large market capitalizations does not compare favorably with the likes of Tesla....More>>>

DraftKings, Pfizer, Coinbase, Alibaba, Square, Pinduoduo — How Cathie Wood's Ark Played The S

Cathie Wood-led Ark Invest on Tuesday snapped up 1.07 million shares —estimated to be worth $60.6 million — in DraftKings Inc (NASDAQ:DKNG).

Shares of the Boston, Massachusetts-based sports-betting company closed 5.91% higher at $56.47 on Tuesday after it announced a deal with the privately-held Simplebet, a specialty tech company that facilitates micro-betting.

Ark owns stakes in DraftKings via the Ark Innovation ETF (NYSE:ARKK), the Ark Next Generation Internet ETF (NYSE:ARKW) and the Ark Fintech Innovation ETF (NYSE:ARKF) and deployed all three of its active....More>>>