Hello Guys,
I hope you are all fine!
I would like to show you some new charts that could inspire your investments.
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Chinese Tech Companies: will the drawdown ever stop?
The Chinese Government has not been very friendly with the Chinese tech companies in the last year: it imposed several fines and introduced new anti-monopoly laws, that hurt company business and profitability.
Now the SEC is trying to look better into the balance sheet of these companies, threatening a possible delisting from U.S. exchanges. This is another big risk for chinese tech stocks.
An almost 70% drawdown already happened. Will there ever be a reversal?
NYSE FANG+ : Forward P/E close to all-time low
NYSE FANG+ Index is composed by several tech growth stocks, highly traded: Alphabet, Apple, Amazon, Alibaba, Baidu, Microsoft, Meta Platform, Netflix, Nvidia, Tesla.
The index is relatively new: it has been created in 2018.
Now the forward P/E of the index is very close to the all-time low. Time to buy or not?
(please note that Chinese stocks weight for the 20% of the index, and they may have contributed to the decrease of the P/E multiple).
AMD: the breakout of the triangle coming?
AMD is the hottest chipmaker right now. Few weeks ago it even surpassed Intel market cap (even if AMD revenue are just 25% of Intel revenue).
The stock seems to be in a descending triangle, tipically a bearish pattern. A breakout below 100$ can be a bad signal for the stock…
VF approaching a big support area
VF Corp is the company that owns brands, like Vans, The North Face, Supreme and Timberland.
The stock is approaching a multi-year support, an attractive area to make a purchase…
Multiples like P/E and EV/EBITDA are compressed too!
Colgate- Palmolive in the low part of the channel
Colgate-Palmolive stock is in a flat trading channel since mid-2020. Now it is in the low part of the channel, a level where the stock bounced several times in the last 2 years.
The current price could be an interesting level to go long, with a close stop loss.
Remember to make your own analysis before to make any investment!
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Market Radar
Disclaimer: Market Radar is not an investment advisor. Any information provided as part of the services is impersonal and not specific to any person’s investment needs. You acknowledge and agree that no content published or otherwise provided as part of any service constitutes a personalized recommendation or advice regarding the suitability of, or advisability of investing in, purchasing or selling any particular investment, security, portfolio, commodity, transaction or investment strategy.