Many of the China tech firms have fallen back to valuation territory. Invest safe if you can stomach the political risk! $Alibaba(BABA)$$Tencent(00700)$
While other manufacturers are only starting out. Building such proprietary tech in battery tech, charging networks as well as car software needs billions of dollars in r&d and time while $Tesla Motors(TSLA)$has already established it. After a period of consolidation, I feel it’s ready for another bull run especially with positive US green policies talk
Tesla Stall Shows Wall Street Rift on Stratospheric Stock Value
Still see this as positive for $Microsoft(MSFT)$given the ‘stickiness’ of the discord platform and the social outreach / community that MSFT is able to tap into especially as it tries to grow its gaming business. one might argue If slack is worth $27.7b, I guess this valuation make sense then.
Discord Would Give Microsoft a $10 Billion ‘Place to Talk’
Market was overreacting to the yield hike and was having price discovery on top of rotation towards cyclical stocks in the past 2 weeks. A correction was also much needed given the huge run-up in tech/growth stocks
The stock market is behaving in mysterious ways — is it bullish, bearish or something else?
More to come with $Amazon.com(AMZN)$and moreleasing their results. That said, market might be due for a technical correction in order for it to be healthy
S&P 500 notches record close after strong earnings from Facebook and Apple