Hot Chinese concept stocks Rebound in Friday morning trading.The shares of Pinduoduo,JD.COM and Bilibili gain 5%,Alibaba and NTES gain 2%.
They had once fell as U.S. SEC begins roll-out of law aimed at delisting Chinese firms.
‘Bitcoin could be next domino to fall as investors rush to book profit,’ says technical analyst
Bitcoin prices were under pressure on Thursday, and the world’s No. 1 crypto could see further bearish pain in the near term if stocks continue to buckle, according to an analyst.At last check, bitcoin was changing hands at $51.743 on CoinDesk, with the asset briefly touching a low at $50,458.10 over the past 24 hours and trading around its lowest point in over two weeks.“If so, this could be further bad news for Bitcoin. The crypto has been correlating positively with risk assets over the past
How Is Tesla Stock Worth $3,000? By Becoming Bigger Than Apple.
ARK Invest’s Cathie Wood says Tesla stock could be worth $3,000 in five years. How is that possible?By becoming bigger than Apple is now. Some of her assumptions, however, may be overly optimistic.Over the weekend, ARK Invest’s disruption guru Cathie Wood put a five-year price target of $3,000 on Tesla. That’s higher than Piper Sandler analyst Alex Potter’s $1,200 target, the highest on the Street, but analysts are usually looking out 12 months, not multiple years.Wood isn’t producing that targe