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Chinese stocks are now very cheap. What's more, post-lockdown China is once again a very interesting place to deploy capital. Pinduoduo reports Q1 2022 results that saw a strong increase in profitability y/y. The business, excluding merchandise sales, saw revenues grow by 39% y/y....
Breaking from the past, the ECB is expected to signal its intent to hike rates at next month's meeting. The day after the FOMC meeting in May ended, the swaps market priced in a terminal Fed funds rate of 3.75%. The Reserve Bank of Australia meets on June 7. For further deta...
A strong nonfarm payroll report means that the Fed won’t be pausing their interest rate hiking campaign anytime soon. The May employment report was impressive, but it will likely be the last strong one we will see in a while. The upcoming week is filled with important centr...
The latest batch of official PMI data gave a nice boost to Chinese equities and also commodities. While China’s supply-side stimulus allows to “mobilize” the official sector fairly quickly, it does not do much for small privately-owned companies. We believe PM...
My two favorite Chinese companies, Alibaba and Baidu, have declined for more than a year. During that time, both stocks became drastically oversold and dramatically undervalued. While there is some risk in owning Chinese stocks, I don't see why they should trade at such ridiculous...
It’s likely to be another action-packed week despite numerous countries seeing it shortened by bank holidays. The jobs report is typically the highlight when it comes to the first week of the month but there will be competition from the OPEC+ meeting, Bank of Canada rate decisi...
The KWEB ETF has been battered significantly as investors left Chinese Internet stocks in a hurry since 2021. However, we could be in the late stage of the current malaise. Our price action analysis suggests that the worst in Chinese Internet stocks seems to have been priced in. KWEB'...
Alibaba easily beat earnings estimates, as business remained healthy during the most recent quarter, despite lockdowns. BABA's growth performance was actually better than that of its American peer Amazon. The macro picture in China is not too bad. Easing lockdowns and accommodativ...
Alibaba just released its Q4 earnings, which beat on both revenue and adjusted EPS. Expectations were low heading into the release. At this point, BABA has gotten beaten down to the point of absurdity. In this article I dissect Alibaba's Q4 earnings release and explain why I'm...
Central banks are facing a growth-inflation trade-off. Hiking interest rates too much risks triggering a recession, while not tightening enough risks causing runaway inflation. The Fed has made it clear it is ready to dampen growth. Implication: We are neutral developed market (DM) equiti...
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2024-02-14 04:30:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
Global X ETFs To Liquidate 19 ETFs PR Newswire NEW YORK , Jan. 19, 2024 /PRNewswire/ -- Global X ETFs, the New York -based provider of exchange-traded funds, today announced the scheduled liquidation of the following ETFs (the "Funds"), based on an ongoi...
2023-12-30 19:00:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...