- Chinese equities broadly enjoyed gains with President Biden's multi-national leaders' summit on climate reigniting interest in Chinese suppliers of solar, wind, and electric vehicles, which dominate the global industry.
- Shareholders of Chinese stocks can relate very well with those holding fuboTV, where business fundamentals get ignored due to the short-sellers' narrative receiving better publicity.
- For every seller, there is a buyer on the other end. The media harped on the sale of Alibaba by several prominent funds, but left out the willing buyers.
- Wall Street analysts are sitting up and acknowledging the profit growth Baidu is expected to achieve in the coming years.
- If Baidu's share price remains stagnant, and it continues to deliver healthy positive EPS surprises, the stock would become irresistibly cheap.
For further details see:
Alibaba: Smart Money Tussle Over Holding Chinese Stocks