A lot went through a red and declined July. How did your August start?
$Apple (AAPL.US)$ $NVIDIA (NVDA.US)$ $Tesla (TSLA.US)$ $Microsoft (MSFT.US)$ $Amazon (AMZN.US)$ $Meta Platforms (META.US)$ $Alphabet-A (GOOGL.US)$

Morning traders, Happy Monday. The market is open and moving somewhat slowly, but my name is Kevin Travers, and here are your morning moving stocks and stories from the herd on Wall St. today.
$McDonald's (MCD.US)$ reported a triple miss with second-quarter results Monday, as profit and revenue fell below expectations. Comparable sales fell, despite higher prices, and not enough customers journeyed to the gold...

Good afternoon, traders. Happy Thursday, July 25th. The market is turning sideways, but big tech is climbing back up after dropping Wednesday: earnings season is hurting stock gains enjoyed so far this year.
My name is Kevin Travers, here are stories from the herd on Wall St today.
$Ford Motor (F.US)$ stock is moving 18% lower on Thursday after the company missed analyst EPS estimates for the 2024 fiscal year's second quarter. The co...

Why has BABA's price remained stagnant for the majority of this year? After the Chinese stimulus rally near the beginning of this year. Alibaba's share price has had trouble climbing out of the long-term bear market it has been in for quite a while.
$Alibaba (BABA.US)$
Macro
Currently, the chinese economy is not exactly the strongest economy, but it has been showing signs of slight expansion based on some of the more recent data.
Investors are mostly worried about the chines...

$PING AN (02318.HK)$
I hold Ping An at an average cost of $63 (cries), after this round of bloodbath, i will be holding, but ready to buy more at $45. Here's why:
- No point of exiting, current price point of $53 its already too late for me. Should have done so on $59.
- The drop really is more of sentimental reason due to Evergrande and slower than anticipated China economy growth, and most importantly overall pessimistic mood of HSI.
- In longer run (4-5 years), still looking forward towards its insurance agent quality reform. Given the drastic drop in agent quantity (~15%), its revenue loss of (~1%) seems commendable to me.
- Core margin solvency ratio @230.9%, way way more higher than 50% regulatory requirement. Particularly important especially after Evergrande fiasco.
Ping An's investment portfolio:
- Its investment portfolio consist mainly bonds of AA and above (>99% of its bond holding). Bonds accounts for ~68% of its investment portfolio (I think its a bit overly conservative, but its probably good for this kinda uncertain climate).
- Its equity portfolio ~16% of total port. Based on Annual Report, property sector accounts for ~1% of total port.
Hence, I think allegations that Ping An's property investment portfolio is a failure is overblown. Even at extreme stress case where its property portfolio blows off completely, it should only impact 1 or 2 quarters of its net income. But if that scenario ever comes, not only Ping An, the entire China economy will fall.
Comfort is also drawn that Ma Ming Zhe (CEO) and his team just increased their stake in Ping An on early Sep 2021, a vote of confidence in the Company they ran.
But given the market's sentiment (albeit irrational), i think it would probably further fall to a support level of $49. I will time my reentry ard $45~50. And another 500 unit every subsequwent 10% fall again.

$Alibaba (BABA.US)$ let break 165. fighting.

$Ping An Insurance (601318.SH)$ continue down, when will it stop?