Is Alibaba a Buy Amid Chinese Regulatory Worries?
Alibaba stock has been under constant pressure due to regulatory issues in China. Let s look at the charts to see if it s time to buy.
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What a rough ride it’s been for Alibaba (
BABA) - Get Report, as it continues to clash with Chinese regulators.
With tech stocks broadly under pressure, Alibaba has faced extra headwinds from the Chinese government. In fact, this obstacle has been in place for several months now.
It began with the nixed Ant IPO in the fourth quarter and has persisted since. It even caused a wave of speculation regarding the whereabouts of Alibaba Founder Jack Ma.
3 Types of Tech Stocks That Could Do Well Amid a Lengthier Rotation Tech companies likely to see revenue growth inflect higher could continue doing well, as might relatively inexpensive ones that are poised to continue growing.
Mar 15, 2021 | 04:30 AM EDT
Chip stocks, discounted software stocks and reopening plays are three types of tech companies that could hold up well if recent market rotations away from frothier names that are up sharply over the last 12 months, and into value and cyclical names, lasts more than a short while.
To be sure, a lot of those frothier names rebounded sharply from Tuesday to Thursday, after getting hammered over the prior three weeks. And the pending arrival of $1,400 stimulus checks might just drive additional gains for some of these companies over the next week or two.
PSX records remarkable gains on first day of trading week
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The KSE 100 Index closed the day at 44,766 or up by 2.23%
KARACHI (Dunya News) – Pakistan Stock Exchange on first day of the new week climbed sharply on the back of Chairman Senate Election where Sadiq Sanjrani won the elections for the second time helped improved the sentiments at the stock market which propelled the index by more than 2.2 percent.
The market continued its bullish momentum from Friday with the KSE 100 Index closing the day at 44,766 or up by 2.23% with a positive change of 978.51 points. Clarity over senate chairmanship buoyed investor sentiment while investors shrugged off concerns of a higher inflation and political noise owing to the Long March and filing of petition in SC by PPP to challenge the Senate chairmanship election.
A giant wave of liquidity continues to build, writes James "Rev Shark" DePorre, who says concerns about inflation are starting to cool and small investors are still anxious to put cash to work.
In This Market, It s Still One Way, Or the Other Let s see why this either/or market remains and what s under the hood.
Mar 15, 2021 | 06:00 AM EDT
The Dow Jones industrial average, that ancient index, has now been up for six straight days. What s more, it has only been down seven trading days since Feb. 1. That s right, in six weeks of trading, the Dow has essentially had about one red day each week.
Contrast that with Nasdaq, which a few short months ago was the only game in town, and since March 1 has not been able to string together two consecutive up days. Since the high in mid-February, Nasdaq has only managed back-to-back up days once. What s even more incredible is that Nasdaq, despite not being able to put together two up days in a row, managed to rally 3% on the week last week.