The consensus price targets for all of these stocks are lower than their current share prices. Here are three leading COVID vaccine stocks that Wall Street is bullish about. The average one-year price target for AstraZeneca (NASDAQ: AZN) reflects a 13% premium above the drugmaker’s current share price.
(Bloomberg) — Chinese technology stocks rallied in Hong Kong on Monday as bargain hunters pounced in the wake of the sector’s worst rout in months. The Hang Seng Tech Index climbed as much as 4.5%, the biggest jump since July, following a near 11% slump last week. The gauge had dropped for five straight weeks in its biggest such losing streak since Jan. 2019. It had closed at its lowest since July 2020 inception on Friday.JD Health International Inc. and Bilibili Inc. both gained about 10% each
Alibaba Group Holding Ltd -ADR (NYSE: BABA) has been slaughtered since October 2020 when it reached an all-time high of $319.32. The sharp decline has been partly due to poor U.S./China relations as well and Chinese regulators cracking down on the e-commerce giant and its CEO Jack Ma. Since July 22 the decline in the stock has accelerated and although there has been some bounce plays for the bulls, the stock has become risky due to new out of China, when the U.S. markets are closed, causing Alib
DiDi Global (NYSE: DIDI), the largest ride-hailing company in China, burned many investors after its IPO on June 30. DiDi priced its shares at $14, but they’re now trading at about $7. Shortly after Didi’s IPO, the Cyberspace Administration of China (CAC) abruptly suspended all new user registrations for DiDi’s app within the country as part of an industrywide cybersecurity review.
(Bloomberg) — China is investigating Hangzhou’s top government official for serious disciplinary violations, casting a spotlight on the city that is home to Jack Ma’s Ant Group Co. and Alibaba Group Holding Ltd.Hangzhou Municipal Party Committee Secretary Zhou Jiangyong, 53, has been placed under investigation for serious violations of party discipline and state law, the Central Commission for Discipline Inspection said in a statement Saturday. While the agency didn’t elaborate on Zhou’s suspec
Together with Steven A. Cohen’s Point72 Asset Management, Griffin’s Citadel had invested $2.75 billion in January into Melvin Capital, the hedge fund which was at the center of the GameStop trading frenzy earlier this year. According to the WSJ, it could not determine whether Citadel plans to redeem more money later.
Contrary to what many income investors think, the best dividend stocks aren’t necessarily ones with high yields. Here are five such dividend stocks yielding between 4.6% and 9.5% that are solid buys today. The evidence lies in its dividends: Even in an exceptionally challenging year like 2020 when the COVID-19 pandemic forced industrial establishments, warehouses, offices, and retail stores to shut down for months, W.P. Carey increased its dividend every quarter.
(Bloomberg) — Call it the Pretty Big Short. Michael Burry, whose huge, wildly profitable bets against the housing bubble were made famous in “The Big Short,” is wagering that long-term U.S. Treasuries will fall.His Scion Asset Management held $280 million of puts on the iShares 20 Year Treasury Bond ETF at the end of June, according to a regulatory filing released this week, an increase from $172 million three months earlier.The options contracts would make money if TLT, as the exchange-traded