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Earlier this week Chinese e-commerce giant Alibaba (NYSE: BABA) said that it would split into six businesses. The stock soared after the announcement and Morgan Stanley sees more upside amid the value unlocking. Alibaba would become a holding company and would split the business into six units. These are The Taobao Tmall Commerce Group, Cainiao…
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Affirm stock was in freefall last year amid the slump in growth names. Trent Masters, fund manager at Alphinity Investment Management has listed Affirm and Carvana as two stocks that he believes would not survive 2023. The US Federal Reserve raised interest rates multiple times last year. After seven rounds of rate hikes in 2022…
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Amid the stock market boom of 2020 and 2021, SPACs (special purpose acquisition companies) emerged as a lucrative way for companies looking to go public. Life has however come a full circle for SPACs and many are now liquidating. In 2020, SPAC IPOs hit a new record and the total money collected by these blank…
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Alibaba stock is down over 8% so far in 2021 and is underperforming the S&P 500. The stock has looked weak over the last six months due to multiple reasons. Is it a good stock to buy now after the recent underperformance? To begin with, let’s understand why Alibaba stock has underperformed the markets as…
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There has been a sell-off in growth names and almost all the SPACs (special purpose acquisition companies) have fallen hard. Social Capital Hedosophia Holdings (IPOE), a SPAC sponsored by Chamath Palihapitiya has also fallen sharply but has recovered from the lows. IPOE will merge with fintech company SoFi. It has kept 27 May as the…
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Berkshire Hathaway has released its first-quarter 13F which shows that chairman Warren Buffett continues to trim stakes in financials and pharma companies. Berkshire Hathaway has not been able to identify compelling investment opportunities and was a net seller of stocks in the first quarter, just like it was in the calendar year 2020. However, the…
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Shopify stock climbed more than 11% in yesterday’s stock trading session after the company beat analysts’ revenue and earnings estimates for the quarter as the tailwinds resulting from the pandemic seem to be enduring for longer than expected. Sales of the e-commerce platform more than doubled those of the same period last year, landing at…
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Tesla stock was trading lower in US premarket trading today. On Friday, ARK Investment, which is led by prominent Tesla bull Cathie Wood revealed that it has sold some Tesla shares and bought Coinbase. Crypto exchange Coinbase listed last week only. It opted for a direct listing instead of going through the more popular traditional…
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Cathie Wood of ARK Investment Management, who is known for her bullish views on disruptive technologies, and is among the best-known Tesla bulls, is now betting on two themes. What are these and should you follow her? Wood is now betting on digital wallets and genomics. Notably, electric vehicle stocks have been under pressure this…
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Clover Health stock rose over 20% yesterday and was trading higher in US premarket trading today. Should you buy the stock? The Center for Medicare and Medicaid Innovation has selected Clover Health as one of 53 companies to participate in Medicare and Medicaid’s Global and Professional Direct Contracting Model. The stock rose sharply towards the…
