In Thursday's Blitz Daily , we take a look at online marketplace Alibaba as shares bounce off of the 52-week lows.
While China-based retailer Alibaba Group started off the year at record highs, it’s ending the year at record lows after being hit by stiff regulatory headwinds.
Shares are down nearly 48% on the year, but Thursday saw the stock shoot skyward nearly 10% from Wednesday’s close.
Beijing announced it would focus on consumption recovery, lifting several Chinese tech names and sparking a torrent of options buying!
Of course, if you prefer to shop around, I have more options trades burning up the tape Thursday…
WealthPress Senior Strategist Roger Scott doesn't want to scare anyone, but traders who don’t have a financial plan of action for 2022 might be in some hot water…
Luckily, Roger is sharing his “Turning Point 2022” presentation, where he’ll give away three huge predictions and his favorite play for the new year.
The timing of this is absolutely crucial because we’re cutting it close with only a few days to spare in 2021.
And with world health getting more complex, it should come as no surprise that we might be in for another bumpy year ahead…
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