December 4, 2021 | Daily JAM, Friday Trick or Trend |
On Friday news that China’s Internet food delivery giant Didi Global (DIDI) planned to delist its shares from the New York Stock Exchange hammered the stock in New York trading. Didi’s ADRs fell 22.24%. And other Chinese stocks with New York listings followed the path downward pioneered by Didi Global. Abibaba (BABA) closed down 8.29%. Tencent Holdings (TCEHY) slid 4.87%. And JD.Com (JD) dropped 7.71%.
August 19, 2021 | BABA, Daily JAM, JD, TCEHY, Top 50 Stocks, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My forty-second YouTube video “3 China stocks to buy but not now”-went up today.
August 16, 2021 | Daily JAM, Mid Term |
The Chinese government reported today that the country’s economy slowed more than expected in July. Retail sales were crimped by tough new virus restrictions introduced toward the end of the month to contain fresh outbreaks. Retail sales rose by 8.5% near over year. Analysts had expected growth of 10.9%.
August 6, 2021 | Daily JAM, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My thirty-ninth YouTube video “Will China sink global stocks”-went up today.
August 3, 2021 | Daily JAM |
Last Wednesday, July 28, Chinese financial regulators told big investors–banks and investment groups heavily exposed to China’s stock market–not to worry. China’s financial markets were sound and despite the fears engendered by the government’s crackdown on the country’s private, for-profit, education companies, the government was not looking to reverse decades of growth by companies in China’s private sector. The meeting worked. Stocks of companies like Meituan (MPNGF), China’s dominant food delivery company (with ambitions to become a full-range e-shopping competitor) rose to $30.07 on the day from $26.00 the day before. But the reassurance worked for only a few days. Today, August 3, for example, Meituan was back in the red, falling 4.48% to $26.95 to erase almost all of its “re-assurance” bounce. Today, I’m selling Meitun and Naspers (NPSNY), a South African company with a huge position in China’s Tencent Holding (TCEHY) out of my Volatility and Jubak Picks Portfolios, respectively.
July 28, 2021 | BABA, Daily JAM, MPNGF, TCEHY, Videos |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My thirty-sixth YouTube video “Is China un-investable?”-went up today.
July 2, 2021 | Daily JAM, TCEHY, Top 50 Stocks |
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. And, with this week, I’m adding a second shorter video (market events permitting) that will focus on a single stock or two. The thirty-first YouTube video “QuickPick: Buy Tencent after the fine” went up today.
July 2, 2021 | Daily JAM |
Just so nobody thinks China’s government is finished with its crackdown on the country’s big Internet technology companies… Two days after DiDi Global (DIDI), China’s dominant Internet ride-hailing platform, went public on Wall Street, China’s Internet regulator suspended new user registrations on the platform while the government conducted a “cybersecurity review” of the company.
December 24, 2020 | Daily JAM, Morning Briefing |
Congress dispersed for Christmas. President Donald Trump headed to Florida. And there’s still no telling whether President Trump will, as he’s suggested via Twitter, whether he will veto the huge coronavirus relief/government spending bill.
July 16, 2020 | Daily JAM, JD, MPNGF, Volatility, You Might Have Missed |
The Chinese economy returned to growth in the second quarter with gross domestic product climbing 3.2% in the quarter from the June quarter of 2019. That was a recovery from the 6.8% drop in GDP in the first quarter and the results beat projections for 2.4% growth....
July 14, 2020 | Daily JAM, JD, Volatility |
Of course, China's government isn't exactly giving away money. But Beijing has embarked on one of its periodic efforts to talk stocks in Shanghai and Shenzhen and Hong Kong higher and then higher some more. On Monday July 6 the CSI 300 Index, which tracks the 300...
July 6, 2020 | Daily JAM, Morning Briefing |
Chinese stocks are burning up the track--and that has led the way to a shift toward "risk on" assets across global markts. Today alone the Shanghai Composite Index was up 5.71% as of noon New York Time. This continued as streak that has seen the CSI 300 Index gain 14%...
