TCOM, BABA, AAPL and TSLA Show Strong Bullish Trends
1. $Trip.com Group Limited(TCOM)$
With Prosus exiting its entire stake in TCOM, there seems to be little overhang left to keep this great company from reaching new heights. This FY24 looking to be a breakout year with domestic travel soaring above pre-pandemic levels.
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2. $Alibaba(BABA)$ $BABA-W(09988)$
Alibaba now owned by mainland Chinese investors to the tune of 623m shares or 3.25% via the Stock Connect. The pace of accumulation has slowed lately as the market continues to correct. But based on this technical pattern in BABA's HK shares, we may be in for another strong month in November. Earnings season awaits!
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3. $Apple(AAPL)$ $Tesla Motors(TSLA)$
China is OK and just fine allowing foreign firms to set up AND operate data centers inside the country. “We’re definitely OPEN for business” is the message here. That also opens up opportunities for TSLA AAPL to roll out FSD, AI functionalities in the mainland.
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