The market once again speculated a rate cut by the Fed, as the US PCE inflation last month was in line, shoring up the DJIA by 654 pts or 1.6% last Friday (26th). The Hong Kong stock market opened higher this morning, echoing the external market.$Hang Seng Index(800000.HK)$opened 175 pts or 1% higher at 17,196;$Hang Seng China Enterprises Index(800100.HK)$opened 64 pts or 1.1% higher at 6,074; and$Hang Seng TECH Index(800700.HK)$opened 48 pts or 1.4% higher at 3,491. For techs,$BABA-SW(09988.HK)$and ...
$BIDU-SW(09888.HK)$i know it’s China and it’s Baidu (swear at them whatever words u like), but i know China is pushing autopilot tech, and i know Baidu has the edge: data collection, algorithm, MAP, its well managemed relationship with the gov… so much money can be made from passengers once hop in robotaxi, fee paying businesses along the map route can attract customers to stopover and buy. advertisement platform with 4 wheels. imagine this. think about power of synergy. it can be hug...
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WinningTrader
:
I agree with all your points. But price keeps dropping. Who is selling???
EagleAlpha
OP
WinningTrader
:
Traders focus on price they pay, whilst contrarian investors care about value they get. I dislike Baidu cos it has no ethics but I hold my nose buying cos they know how to work with Chinese gov and they r laying foundation for big money. Not just robotaxi, Baidu is selling biz solutions to EV makers, among them (at least for the map part) there is Tesla. And I don’t care EV makers in China making money or loss, as long as the market is crowded and everyone needs to install map and autopilot.
WinningTrader : Will stocks fall again if no interest rate cut in Sep?