KEY TAKEAWAYSShares of AT&T (T) dropped more than 10% on April 20, 2023, after the company reported underwhelming subscriber and revenue numbers.The company has been focused on growing mobile phone subscribers since its sale of DirecTV in 2021.Shares of competitors Verizon (VZ) and T-Mobile (TMUS) also moved lower. $AT&T Inc(T)$ shares fell 10.41%, in the biggest one-day decline since July 2002, after the telecom giant reported weak subscriber growth and its revenue missed targets. In its 2023 first quarter earnings report, the company said that it added 424,000 postpaid phone plans, representing the amount of consumers that pay their bills at the end of each month. While that was better than analyst projections, it was below the 691,000

IBD has two main rules for selling a stock: Take your profits at 20% to 25% and cut your losses at 7% to 8%.If you are buying stocks on breakouts from properly formed bases, following these guidelines will keep your head above water. But there is also a third option, one that can take your 25% profit and turn it into much more. It's called the eight-week hold rule.If your stock produces a gain of 20% or more within three weeks of breaking out of a proper base, you may have a true winner on your hands.IBD research shows that in many cases, stocks that make this quick and powerful move are capable of doubling or tripling in price. Unless your stock shows a clear sell signal, you should sit on your hands for the first eight weeks of such a move.IBD Founder Discovered SignalIBD founder William

Alibaba Group - Shares in $Alibaba(BABA)$  fell 2% after Japanese investment giant SoftBank sold almost all of its remaining shares.The shares have rebounded so far this year after falling to seven-year lows in the autumn, helped by improving results and supported by the unwinding of Chinese Covid lockdowns.SoftBank has offloaded over US$7bn of shares in the Hangzou behemoth so far in 2023 through prepaid forward contracts, according to an analysis by the Financial Times, on top of a US$29bn selldown last year.Once the sales are complete, the stake will be slashed to under 4%, having at its highest been close to owning a quarter of the company. Alibaba two weeks ago announced plans to split into six separate units, which boss D

However, history shows crowded positions are a reliable counter-indicatorTraders are growing increasingly confident that U.S. stocks are headed for a selloff. But history shows the opposite is more likely, according to an analysis by one macro strategist.Speculative traders are more bearish than at any time in the last decade, according to the latest release from the Commodity Futures Trading Commmission’s weekly commitment of traders report, which tracks futures-market positioning in a number of currencies, commodities and U.S. equity indexes.Net-short bets by noncommercial traders in S&P 500 e-mini futures have swelled to 321,459 contracts as of April 4, the largest level since October 2011.Futures-market positioning is generally viewed as a counter-indicator by equity strategists, m

$XIAOMI-W(01810)$  Short selling $155.22M; Ratio 12.520%announced annual result ended December 2022. The turnover declined 14.7% year on year to RMB280.044 billion. The net profit amounted to RMB2.474 billion, down 87.2%.EPSwas RMB0.1. No dividend was declared.The non-IFRS adjusted net profit tumbled 61.4% yearly to RMB8.518 billion, broadly in line with brokers' forecast as compiled by our reporters at RMB8.2-8.417 billion.source：aastocks