The company I’m talking about (the one that you probably don’t own) is the largest Chinese instant messaging company. It is a giant in its own right, with a market cap of $262 billion and annual sales of over $19 billion. The company grew revenue by 28% in 2015 and routinely boasts after-tax profit margins over 30%.
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Stocks and Investing
WFC stock has been hit hard in the wake of Wells Fargo’s alleged fraud scandal. But my options scanner tells me that’s about to change.
Term preferred stocks and baby bonds offer some of the best fixed-rate bonds to buy on today's market. And right now, three of them stand out.
A Monsanto-Bayer takeover is supposedly in the works. According to activity in the options market, however, the deal will likely never happen.
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Any time the pressure comes off the general market, most growth stocks race higher, with many tagging new highs in recent days!
The intermediate-term trend is now neutral, but the market’s longer-term trend is up and the broad market remains healthy.
I always recommend that investors who own takeover stocks sell the stock, rather than wait many months for the deal to be completed.
Because so many traders are short the market or under-invested, there’s potential for a big run into equities into year-end.
Investors are relieved that the Fed didn’t raise interest rates, but now investors’ attention will refocus on third-quarter sales and earnings results.
Stock markets are always a challenge, and emerging markets, which routinely experience higher volatility, offer special challenges.
The market's recent move lower looks very similar to the late-June Brexit shakeout (which cracked the 50-day moving average line), with one notable exception.