California Public Employees Retirement System
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Alibaba (NYSE:BABA), Gamestop Corporation (NYSE:GME) - GameStop, Palantir, Alibaba — Stocks Largest US Pension Fund Sold In Q1 Here s What It Bought Instead
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Naked Brand Group Limited (NASDAQ:NAKD),
Bank of America Corporation (NYSE:BAC), and
Alibaba Group Holding Limited (NYSE:BABA).
All three are at critical junctures.
Shares of Naked brands have reached the 50-cent level. The last two times this happened, they found support and rallied. There’s a chance it happens again.
Shares of Bank of America may be on the verge of a breakout. There has been resistance around the $42.75 level, but an ascending triangle pattern has formed on the chart. This has bullish implications, as it suggests the resistance will break and the stock will move higher.
In December, shares of Alibaba found support around the $211 level after a steep decline. A significant rebound followed.
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In a 419-page filing submitted to the Trademark Trial and Appeal Board (TTAB), Alibaba Group Holding Limited has opposed the registration of the “ALI,” mark by Muhammad Ali Enterprises LLC (MAE). The opposition explains that MAE’s proposed mark will confuse consumers because they will mistakenly identify it with the Chinese e-commerce giant.
Alibaba’s May 22 submission explains that Alibaba Group Holding Limited, a Cayman Islands company, and its affiliates operate Internet-based business transaction platforms worldwide. Its businesses consist of “commerce, cloud computing, digital media and entertainment, and innovation initiatives.” Alibaba also reportedly offers payment and financial services for consumers and merchants on its platforms.