DRAG, SHANY and PLTR Show Strong Bullish Trends
1. $Roundhill China Dragons ETF(DRAG)$
Taking a moment to remind myself that China tech DRAG is outperforming the Magnificent Seven $Roundhill Magnificent Seven ETF(MAGS)$ by 38% so far this year. Doesn’t seem like China’s economy is imploding from the tariffs. $Alibaba(BABA)$ $JD.com(JD)$ $Baidu(BIDU)$ $PDD Holdings Inc(PDD)$ $NIO Inc.(NIO)$ $Li Auto(LI)$ $XPeng Inc.(XPEV)$
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2. $Shandong Molomg Petroleum Machinery Co., Ltd.(SHANY)$
Shandong Molong, a company I covered back in 2009, is up 188% at the close. Why? Because it got included in the stockconnect program. I hope the people at $NIO Inc.(NIO)$ $PDD Holdings Inc(PDD)$ $JD.com(JD)$ and other US-listed Chinese firms are listening.
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3. $Palantir Technologies Inc.(PLTR)$
PLTR beat earnings expectations again in 1Q25. But this is the smallest beat (1%) since 3Q23. Back to a $300B market cap and a TTM PE of 270X.
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