One Crypto Can Change Your Financial Life

The catch is you won't be able to become a millionaire by buying Bitcoin today. There are five little-known coins I've discovered that I believe will skyrocket over the course of the next few months.

JPMorgan, Morgan Stanley Slash Alibaba's Price Target: Report

Anusuya Lahiri
September 30, 2022
  • JPMorgan Chase & Co and Morgan Stanley analysts cut their price target for Alibaba Group Holding Limited (NYSE:BABA), turning more pessimistic about the Chinese e-commerce giant on sales concerns.
  • Alibaba’s sales outlook for the September quarter is eroding on soft China consumption, Bloomberg reports citing analysts. 
  • JPMorgan cut its price target for Alibaba to $135 from $145, citing a weakening revenue outlook in the near term that could continue to weigh on the share price despite an unchanged, or even potentially better, profit outlook.
  • Also Read: Alibaba Cloud Goes Aggressive On Overseas Collaboration
  • JPMorgan believed sentiment-driven fund flow is the current key share price driver and revenue recovery is the critical determinant of market sentiment.
  • Morgan Stanley also cut Alibaba’s share price to $110 from $140, citing weak consumption and soft merchant sentiment.
  • JPMorgan said macro headwinds in China might limit improvement in Alibaba’s core sales, given the low visibility of a recovery in consumer sentiment and COVID policy relaxation. 
  • Earlier, a JPMorgan report triggered broad selloffs after calling the sector “uninvestable.” 
  • Since then, JPMorgan lifted the price target and upgraded the industry in May, citing an improved regulatory environment
  • Price Action: BABA shares closed lower by 2.38% at $79.06 on Friday.

Continue Reading...

Popular

Stocks Pause As Traders Reassess Interest Rate Path, Gold Makes New Highs, Bitcoin Rebounds: What's Driving Markets Thursday?

In the final session of the short trading week leading up to Easter festivities, U.S. equity indices held steady, reflecting some setbacks in market expectations regarding interest rate reductions.

Debate emerges over whether modern protections could have saved Baltimore bridge

When a 900-foot container ship struck the San Francisco–Oakland Bay Bridge in 2007, the span stood firm and no one died, either on the ship or the highway above.

The No. 1 Crypto for 2024 - Ad

We're entering the final crypto bull run, and 2024 will be your last chance to ever get rich from crypto. These five tiny cryptos are believed to create generational wealth over the next 12 months. $30 trillion is poised to funnel into the crypto markets thanks to a new government regulation just signed.

US changes how it categorizes people by race and ethnicity. It's the first revision in 27 years

ORLANDO, Fla. (AP) — For the first time , the U.S. government is changing by race and ethnicity, an effort that federal officials believe will more accurately count residents who identify as Hispanic and of Middle Eastern and North African heritage.

France's Macron tells Brazilian execs that prospective Mercosur-EU deal is 'terrible' and outdated

SAO PAULO (AP) — French President Emmanuel Macron told Brazilian executives on Wednesday that a proposed deal between the European Union and the South American trade bloc Mercosur is bad for both parties.

My No. 1 Oil Play for 2024 - Ad

Do you own oil and gas stocks? Or are you thinking about buying some? If so, you need to see my #1 oil play for 2024. But it's NOT oil stocks, futures, or anything you've likely heard about. Rather, it's an unusual way to potentially bank monthly income from the oil and gas markets.

Bank Of America Bullish On AI: Spotlights Top Supply Chain Stocks To Watch

Bank of America has identified key global stocks along the AI supply chain, including several Nvidia suppliers, that are poised to benefit from the AI boom.

Billionaire Tech Investor - How He Got Rich - Ad

He's already made gains of 200,000% ... 499,000% ... and even 3,250,000% on tech startups over the last two decades. Now, he's invested in a stock few people have heard of, which is trading for just $25 a share. See how you can invest alongside him (but you'll want to do it between now and May 5th.

TikTok is under investigation by the FTC over data practices and could face a lawsuit

NEW YORK (AP) — The Federal Trade Commission is investigating TikTok over its data and security practices, a probe that could lead to a settlement or a lawsuit against the company, according to a person familiar with the matter.

Energy Storage Trend Ignites Frenzy Over Vanadium Supply - Ad

As the world shifts to renewables such as wind and solar, how will we store all this energy? Vanadium batteries are the breakthrough that some experts predict will be the future of grid-scale energy storage. The problem is, only 5% of vanadium is mined in the U.S. - and China and Russia have a stranglehold on our supply.

This Analyst Raised Robinhood's Forecast By 46% - Here's Why

Keybanc analyst maintained Robinhood with Overweight rating, raised price target from $15 to $22. Revised estimates for fiscal 2024 and 2025.

Former Goldman VP: "Here's What's Coming Next" - Ad

The man who traded during 1987's Black Monday crash has a surprising prediction for Americans, all centering on one stock.

Stock market today: Asian shares trade mixed after Wall Street closes near record finish

TOKYO (AP) — Asian shares were trading mixed on Monday, as investors awaited further indications the Federal Reserve might begin cutting interest rates.

MyPillow, owned by election denier Mike Lindell, faces eviction from Minnesota warehouse

ST. PAUL, Minn. (AP) — A court plans to order the eviction of MyPillow from a suburban Minneapolis warehouse that it formerly used, but company founder and prominent election denier Mike Lindell said Wednesday that it's just a formality because the landlord wants to take the property back.

Man Who Called $3 Trillion Apple Predicts the Next Trillion Dollar Stock - Ad

In 2007, he predicted Facebook would become a $100B company.... In 2010, he predicted Apple would reach a three-trillion-dollar valuation.... In 2013, he called Bitcoin -- before it rose 50,000% and ultimately reached a trillion-dollar market cap. And now... This A.I. Genius is stepping into the spotlight to predict the next-trillion stock.

Shiba Inu Burn Intensifies, Millions Of Tokens Destroyed: 'If Someone Can Pull Miracle Recovery It's SHIB'

Meme coin Shiba Inu (CRYPTO: SHIB), the world's second-biggest meme cryptocurrency, has seen a significant surge in SHIB tokens permanently removed from circulation,

Radical Change Inside American Banks - Ad

We could see some seismic changes in the banking system, changing the way you access your social security income, pay your taxes and spend your paycheck. That's why it's so crucial you understand these changes, and how they'll inevitably impact you, as soon as possible.

Should You Buy Bitcoin in 2024? [Expert's Shocking Answer] - Ad

Bitcoin minted 100,000 millionaires and if you're not one of them, that ship has sailed. But there's another millionaire-minting crypto at our doorstep... research shows this coin could be 20X bigger than Bitcoin by the end of the decade. With crypto starting to heat up again, this could be the perfect time to get in.

Investment Bank Piper Sandler Removes Nvidia From Model Portfolio, Anticipating S&P 500 Correction: 'Cool The Engines'

While other firms have raised their year-end S&P 500 targets following the recent rally, Piper Sandler maintains its target of 5,050, implying a roughly 3% downside from Tuesday's closing level.

Ex-Gucci designer Alessandro Michele named the new creative head at Valentino

PARIS (AP) — The flamboyant former designer at Gucci, Alessandro Michele, has been named the new creative director at storied Roman luxury house Valentino, following the sudden departure last week of Pierpaolo Piccioli after 25 years.

Forget AI, Imperium Is Expected to Grow 320,000% In 3 Years - Ad

Three of the world's biggest AI companies -- Google, Nvidia and Intel -- have even partnered with my No. 1 Imperium company to get on this massive mega trend. The average investor hasn't caught on yet, but you can still invest in my No. 1 Imperium company for just $10 a share.

These Analysts Raise Their Forecasts On RH After Q4 Results

RH (NYSE: RH) posted weaker-than-expected results for its fourth quarter, but issued upbeat forecast on Wednesday.

Ken Buck, A Thorn In The Side Of GOP Leadership, Deals Final Blow Before Leaving Congress

Rep. Ken Buck (R-Colo.) signed a Democratic discharge petition for foreign aid, marking a significant shift in the Republican stance on the issue.

Put $20 in This Coin Before April 19, 2024 - Ad

The entire crypto market is going to experience a lucrative event on April 19th, 2024. And one coin is set to soar 20X bigger than Bitcoin.

Jim Cramer Sees Opportunity In Palo Alto Networks After Stock Is 'Overly Punished' In 2024

Jim Cramer noted that Palo Alto Networks had been "overly punished" this year and that he is considering buying more shares of the company.

UN Warns Israel's Actions In Gaza Could Constitute War Crime As 'Manmade Famine' Looms

The United Nations has issued a stark warning to Israel, suggesting that its actions in Gaza could potentially amount to a war crime. This comes amid growing concerns over a "manmade famine" in the region.

$1k/Day in Crypto - Witness the Proven Strategy Now - Ad

Ever heard of those rare, almost mythical 100x, 200x or even 300x+ returns in the crypto world? Usually, they're the stuff of luck, hinging on choosing the right altcoin at the perfect moment. But what if there was a systematic, predictable way to achieve outsized returns in crypto?

Dutch hyperloop center aims to advance futuristic transport technology

VEENDAM, Netherlands (AP) — A 420-meter (quarter-mile) white steel tube running alongside a railway line in the windswept northern Netherlands could usher in a new era in the transportation of people and freight.

Elon Musk Wants Supreme Court To Overturn 'Outrageous' Fine Imposed On President Trump In New York

Elon Musk agreed that the Supreme Court should overturn the "outrageous" fine imposed on Donald Trump in an ongoing trial in New York.

The World's First "$20 Trillion Drug?" - Ad

One small biotech holds the key to a revolution in treating Alzheimer's disease. Jeff Bezos, Goldman Sachs & Big Pharma giants have invested billions into this unknown biotech. Our research proves that anyone who gets in today could see gains as high as 113,000%!

Amazon pours an additional $2.75 billion into AI startup Anthropic

NEW YORK (AP) — Amazon said Wednesday it is pouring an additional $2.75 billion into Anthropic, bringing its total investment in the artificial intelligence startup to $4 billion.

This Is Where the World's Richest Men Are Putting Their Money - Ad

Bill Gates, Peter Thiel, Mark Zuckerberg -- they're pouring millions into something we call Imperium technology. And you can invest in this tech alongside them starting with just $10. Bill Gates called Imperium "one of the most powerful technologies of the 21st century."

Vietnamese automaker VinFast to start selling EVs in Thailand

BANGKOK (AP) — Vietnamese automaker VinFast announced Tuesday that it plans to sell its electric vehicles in Thailand and said it had tied up with auto dealers to open showrooms in the country.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service