$Grab Holdings(GRAB.US$ Jefferies has a buy rating on GRAB with a target price of $5. It's estimated that GRAB will report earnings on May 16.
Now is the good time to scoop up dirt cheap shares and wait for the mother of all short squeeze on May 16.
Now is the good time to scoop up dirt cheap shares and wait for the mother of all short squeeze on May 16.
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$PDD Holdings(PDD.US$ Selling of merely 2,392 shares by a director is just to test the market how low the price wld plunge so that he could buy in loads.
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$Baidu (BIDU.US)$ According to a recent news article, Baidu has ordered 1,600 of Huawei's 910B Ascend AI chips for 200 servers, which Baidu will develop as an alternative to that using Nvidia’s A100 chip. The order's total value is approximately $62Mil, and Huawei is expected to deliver all of the chips by the end of 2023.
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Uber reported 3rd Q earnings today: EPS of $0.10 vs $0.12 estimate, missed by 20%, and revenue of $9.28B vs 9.54B estimate, missed by 2.8%. Uber owns 27.5% of Grab.
$Grab Holdings(GRAB.US$
$Grab Holdings(GRAB.US$
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$Alibaba(BABA.US$ - Alibaba just reported June quarter EPS of ¥17.37, ¥2.78 better than the analyst estimate of ¥14.59. Revenue for the quarter came in at ¥234.16B versus the consensus estimate of ¥224.39B.
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$Tesla(TSLA.US$ TSLA hits the resistance at 233 of a long term downtrend line since peeked, and got rejected momentarily.
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$Alibaba (BABA.US)$ On Thurs night, Alibaba refuted the 20% layoffs rumor that has been circulating on social media platforms in recent days. In fact, they are planning to hire another 15,000 staff throughout the year. Now is the best time to scoop up BABA's stock at a price below $80.00, considering all the positive catalysts emerging in the next 12-18 months.
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$Direxion Daily FTSE China Bull 3X Shares ETF(YINN.US)$ $Alibaba(BABA.US$ China Caixin's Purchasing Managers’ Index rose to 57.8 from 55.0 in February, coming in ahead of expectations for it to be unchanged. This marked the third increase in a row and the fastest rate of expansion since November 2020.
https://uk.investing.com/news/stock-market-news/london-open-stocks-rise-as-miners-rally-on-china-data-2976921
https://uk.investing.com/news/stock-market-news/london-open-stocks-rise-as-miners-rally-on-china-data-2976921
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Economist from JPMorgan said on Wednesday that $Alibaba(BABA.US)$ shares have even further upside over the medium- and long-term. In fact, JPMorgan estimated a $210 price target on Alibaba's US-listed shares which implies the stock has roughly 113% upside from Tuesday's closing price of $98.40.
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