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By ALT Perspective The economic calendar was light on events last week for China ( CQQQ )( FXI ). In spite of the vitriolic "China-bashing" we often hear from the media and the comments in my Chinese Internet Weekly articles, the populous country continues to see healthy investor inter...
KeyBanc Capital Markets hikes the price target on Overweight-rated Luckin Coffee (NASDAQ: LK ) to $32 from $24 to rep 12% upside potential. More news on: Luckin Coffee Inc., Consumer stocks news, Stocks on the move, Read more ...
(Image from Luckin Coffee . The company's aggressive branding campaign is unparalleled to most US listed Chinese companies in the past two decades.) Luckin Coffee ( LK ) must have been serving more than coffee during its pre-IPO roadshow months earlier. Despite recording net losses greate...
It's been a sluggish back half of the year for the IPO space, with the Renaissance IPO ETF ( IPO ) significantly underperforming the S&P-500 ( SPY ) and the Nasdaq Composite ( QQQ ) in Q3 and the first half of Q4. Fortunately, for investors that have managed to select the best IPOs,...
Luckin Coffee 's (NASDAQ: LK) stock recently hit a new high after the Chinese coffee chain posted its third-quarter report. Its revenue soared 558% annually to 1.49 billion yuan ($209 million), matching analysts' expectations. On the bottom line, its GAAP net loss widened from 485 million ...
Investment Overview Luckin Coffee ( LK ), which owns a retail network to provide coffee and other products to consumers in China, surged by 25.4% on November 15, 2019. The reason - Luckin Coffee reported third quarter numbers and the top-line growth was stellar at 558%. Not just the top-...
After A Shaky Start, the Indexes Continue their Upward Drive Many market commentators suggested that the indexes retreated from strong futures based on the negative chatter coming from the trade talks. I think this is just lazy assumptions. As I have asserted last week, I think ultimatel...
China's fastest-growing coffee enterprise, Luckin Coffee (NASDAQ: LK) , surprised investors with another quarter of torrid growth on Wednesday, though bottom-line losses continued. In its second earnings release since its May 2019 IPO, the coffee chain relayed substantial progress on a number...
Wednesday was a topsy-turvy day for the major benchmarks, with early losses giving way to a more optimistic outlook by the end of the session. Investors still aren't sure what to expect from the Federal Reserve or from trade negotiations between the U.S. and China, but they're hopeful that posit...
The Market Takes Trump in Stride Trump's speech yesterday was bellicose and threatening. If this was 2 months ago, it would have cratered the market. He threatened to raise tariffs if there was no agreement, and by stating that "if there was no agreement," it meant that Phase 1 was not bak...
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How Did One Gold Stock Pull Off A Near $3 Billion Fraud Scheme? With gold prices reaching levels not seen since 2011, it’s no wonder why investors are turning toward the shiny metal. The market value of gold has now jumped above $1,800. Even in spite of price pulling back in July, gol...
BEIJING, July 01, 2020 (GLOBE NEWSWIRE) -- Luckin Coffee Inc. (the “Company”) (OTC: LKNCY) announced that its Special Committee of the Board of Directors (the “Special Committee”), with the assistance of its advisors, Kirkland & Ellis International LLP and FT...
The stock market had a tough day to end the week, with investors growing increasingly nervous about the rising number of new COVID-19 cases. The Nasdaq Composite (NASDAQINDEX: ^IXIC) has resisted coronavirus-inspired sell-offs before, but it didn't succeed today, losing around 2.5%. The Nas...