still amazes me $Occidental Petroleum (OXY.US)$ is still at this price given all the escalation in the Middle East, Russia/Ukraine, Chinese stimulus and rate cuts in the US. let's see how this pans out
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Biggest Q3 outcome was the changing of tide on Chinese stocks. Once unloved and avoided by most but the fundamentals were still there and the valuations just didn't make sense. Now the stimulus is out, we're seeing more focus on Chinese stocks and perhaps away from other overvalued markets. Money flows where it grows. More to come, might see short term fluctuations but long term, we should see healthy gains.
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swk789
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It appears that any company or asset even tangentially connected to China and its consumer market is currently experiencing a boost in share price.
Tesla however, despite receiving a substantial portion of its deliveries from China, seems not to have gotten the memo![]()
Let's see what the upcoming robotaxi event holds![]()
Tesla however, despite receiving a substantial portion of its deliveries from China, seems not to have gotten the memo
Let's see what the upcoming robotaxi event holds
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On Thursday, Chinese tech stocks experienced another substantial rally, as the Chinese Golden Dragon Index $NASDAQ Golden Dragon China (.HXC.US)$ soared nearly 11% for the day, marking its largest increase since 2022. Since the beginning of this week, the Chinese Golden Dragon Index has cumulatively risen by 19.18%.
During Friday's trading session in Asia-Pacific, the $CSI 300 Index (000300.SH)$ climbed by 4...
During Friday's trading session in Asia-Pacific, the $CSI 300 Index (000300.SH)$ climbed by 4...
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swk789
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Chinese play paying off. Finally seeing a pop. ![]()
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swk789
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Another 10k+ day thanks to Chinese pre-market gains ![]()
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swk789
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$Occidental Petroleum (OXY.US)$
New position added. Oil play, China stimulus, ME conflict, low cost producer, rate cut![]()
New position added. Oil play, China stimulus, ME conflict, low cost producer, rate cut
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![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined"){kind=small}
but probably better than Buffett, Pabrai and Li Lu's recent entries.
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