$4 on BA! Holding a couple for Friday.
GBA Presents: House of Gummy-!
- Thread starter stonedinvestor
- Start date
Good action on STEM late day. This will be $9 1/2 by Aug 8th.
Stem, Inc. (STEM)
NYSE - Nasdaq Real Time Price.
6.97+0.18 (+2.65%)
At close: 04:00PM EDT
Stem, Inc. (STEM)
NYSE - Nasdaq Real Time Price.
6.97+0.18 (+2.65%)
At close: 04:00PM EDT
This is so sad-
Bumble debuts separate app called 'Bumble for Friends' » 17:46 BMBL
Bumble debuts separate app called 'Bumble for Friends' » 17:46 BMBL
YES COME HOME-! We need Van!!!!!
Who else is going to tell me how brilliant my wholesale move into China equities was and how perfect the timing?
China Tech Stocks on Brink of Bull Market on Stimulus Hopes
China Tech Stocks on Brink of Bull Market on Stimulus Hopes
Thu, July 27, 2023, 5:15 AM EDT
(Bloomberg) -- A gauge of China tech shares traded in Hong Kong closed just shy of entering a technical bull market over expectations of further stimulus for the nation’s flagging economy.
Most Read:
The rally comes on the heels of a Politburo meeting earlier this week, where China’s top leaders pledged more policy support to boost consumption and the ailing real estate sector. That led to a 6% surge in the index on Tuesday, the most in almost five months.
“Market sentiment is improving with clearly supportive rhetoric from the government over the past week,” said Vey-Sern Ling, managing director at Union Bancaire Privee. “VW’s investment in XPeng also boosted investor appetite for the EV sector.”
Chinese tech stocks have had a volatile year, weighed by scars from the years-long crackdown on private enterprises as well as tense US-China relations. Worries about a consumption slowdown, partly due to record-high youth unemployment rate, have hit the nation’s Internet giants which rely on ad spending and revenues from online shopping and gaming.
For its part, the Hang Seng Tech Index is up more than 5% this year, with traders attributing the gain this week partly to investors covering their short bets. That’s compared with a 42% surge in the Nasdaq 100 Stock Index year to date.
But the Chinese market may finally be in for a turnaround. On Wednesday, analysts at Goldman Sachs Group Inc. wrote that even with structural growth concerns, the Politburo readout suggests that “the policy put has been activated” and that the window is open for a tactical bounce. In a separate note on Thursday, the Wall Street bank said that hedge fund clients net bought Chinese stocks at the fastest clip in nine months after the meeting.
Brokers including Morgan Stanley say that swift follow-through of actionable policy measures is now needed to ensure the rally can hold.
Meanwhile, Hong Kong’s benchmark Hang Seng Index closed up 1.4%, while a gauge of Chinese shares traded in the financial hub rose 1.9%. In a sign of profit-taking, mainland investors net sold HK$3.68 billion ($472 million) of Hong Kong stocks, after buying HK$7.78 billion on Wednesday.
Who else is going to tell me how brilliant my wholesale move into China equities was and how perfect the timing?
China Tech Stocks on Brink of Bull Market on Stimulus Hopes
China Tech Stocks on Brink of Bull Market on Stimulus Hopes
Thu, July 27, 2023, 5:15 AM EDT
(Bloomberg) -- A gauge of China tech shares traded in Hong Kong closed just shy of entering a technical bull market over expectations of further stimulus for the nation’s flagging economy.
Most Read:
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The rally comes on the heels of a Politburo meeting earlier this week, where China’s top leaders pledged more policy support to boost consumption and the ailing real estate sector. That led to a 6% surge in the index on Tuesday, the most in almost five months.
“Market sentiment is improving with clearly supportive rhetoric from the government over the past week,” said Vey-Sern Ling, managing director at Union Bancaire Privee. “VW’s investment in XPeng also boosted investor appetite for the EV sector.”
Chinese tech stocks have had a volatile year, weighed by scars from the years-long crackdown on private enterprises as well as tense US-China relations. Worries about a consumption slowdown, partly due to record-high youth unemployment rate, have hit the nation’s Internet giants which rely on ad spending and revenues from online shopping and gaming.
For its part, the Hang Seng Tech Index is up more than 5% this year, with traders attributing the gain this week partly to investors covering their short bets. That’s compared with a 42% surge in the Nasdaq 100 Stock Index year to date.
But the Chinese market may finally be in for a turnaround. On Wednesday, analysts at Goldman Sachs Group Inc. wrote that even with structural growth concerns, the Politburo readout suggests that “the policy put has been activated” and that the window is open for a tactical bounce. In a separate note on Thursday, the Wall Street bank said that hedge fund clients net bought Chinese stocks at the fastest clip in nine months after the meeting.
Brokers including Morgan Stanley say that swift follow-through of actionable policy measures is now needed to ensure the rally can hold.
Meanwhile, Hong Kong’s benchmark Hang Seng Index closed up 1.4%, while a gauge of Chinese shares traded in the financial hub rose 1.9%. In a sign of profit-taking, mainland investors net sold HK$3.68 billion ($472 million) of Hong Kong stocks, after buying HK$7.78 billion on Wednesday.
Goldman Says Hedge Funds Bought China Stocks on Aid Pledge
Thu, July 27, 2023, 2:48 AM EDT
In this article:
(Bloomberg) -- Goldman Sachs Group Inc.’s hedge fund clients net bought Chinese stocks at the fastest pace in nine months on Tuesday, bolstered by recent government support policies, the Wall Street bank said in a note on Wednesday.
Hedge fund long-buys outweighed short covers for Chinese equities by a ratio of 3.5 to 1 on July 25. It was led by purchases of yuan-denominated A-shares listed in mainland China, followed by Chinese stocks listed in Hong Kong. The buying was muted for American depository receipts, according to a note from Goldman’s prime brokerage team.
The Chinese Communist Party’s Politburo laid out a pro-growth tone at its key economic meeting this week, raising expectations that Beijing will keep cutting interest rates, speed up the issuance of infrastructure bonds and loosen property policies to rejuvenate the economy. In July, the government also signaled the end of a multi-year crackdown on its increasingly powerful private technology companies.
For Chinese equities, hedge funds net bought nine out of 11 industries tracked by Goldman Sachs, with the exception of health care and utilities. The purchases were led by stocks in consumer discretionary, staples, financials, materials and industrials.
A study by OpenAI arrives at a similar place, finding that 49% of today's jobs could have half or more of their tasks accomplished with generative AI. The authors note, however, that complementary software, such as Casetext for lawyers, and human overseers are needed to catch factual mistakes and avert other issues.
What Jobs Could AI Replace?
Industry Share of jobs
Office and administrative support 46%
Legal 44
Architecture and engineering 37
Life, physical and social science 36
Business and financial operations 35
Community and social service 33
Management 32
Sales 31
Computer and mathematical 29
Farming, fishing and forestry 28
Protective service 28
Health care practitioners and technical 28
Educational 27
Health care support 26
Arts, design, entertainment, sports, media 26
All industries 25
Personal care and service 19
Food preparation and serving 12
Transportation and material moving 11
Production 9
Construction and extraction 6
Installation, maintenance and repair 4
Building and grounds cleaning/maintenance 1
What Jobs Could AI Replace?
Industry Share of jobs
Office and administrative support 46%
Legal 44
Architecture and engineering 37
Life, physical and social science 36
Business and financial operations 35
Community and social service 33
Management 32
Sales 31
Computer and mathematical 29
Farming, fishing and forestry 28
Protective service 28
Health care practitioners and technical 28
Educational 27
Health care support 26
Arts, design, entertainment, sports, media 26
All industries 25
Personal care and service 19
Food preparation and serving 12
Transportation and material moving 11
Production 9
Construction and extraction 6
Installation, maintenance and repair 4
Building and grounds cleaning/maintenance 1
35% Business & Financial operations pretty vague. I do not see Ultimate Stock Picker on that list. Thank God.
Yes Maja!