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Declining Stock and Solid Fundamentals: Is The Market Wrong About Vipshop Holdings Limited (NYSE:VIPS)?
With its stock down 12% over the past three months, it is easy to disregard Vipshop Holdings (NYSE:VIPS). However, stock prices are usually driven by a company's financial performance over the
After three days of bloodbath, Chinese concept stocks cost Wall Street billions! The Archegos liquidation case has resulted in Bill Hwang being convicted of fraud and market manipulation.
Three years ago, the Archegos crisis caused the market cap of Chinese concept stocks, such as Baidu, Tencent Music, and VIPShop, to evaporate more than 30 billion US dollars, and also caused investment banks such as Goldman Sachs and Morgan Stanley to suffer losses of billions.
US stocks hit new highs, with Apple's market cap surpassing Microsoft's, Tesla rising for the ninth consecutive day, silver futures falling by 3% at one point, and French stocks opening high and falling low.
Waiting for this week's US CPI and PPI inflation and Powell's congressional hearing. The New York Fed survey found that Americans' inflation expectations have fallen for two consecutive months, and the market is still betting on two interest rate cuts later this year. The S&P and Nasdaq have hit new highs for at least four days in a row, and Apple's market cap has surpassed Microsoft to become the largest company. Nvidia's increase has been cut in half after a nearly 4% increase, and TSMC briefly rose more than 4.8% in market cap, breaking the $1 trillion barrier. AI concept stocks such as Arm and Oracle also hit new highs and Intel and Super Micro Computer rose more than 6%. The Chinese concept stock index fell 1%, Xpeng Motors fell more than 6%, and Niu Technologies rose 16%. The second round of the French parliament elections unexpectedly ended without any political party obtaining an absolute majority, and European stocks rose but fell in the final session. The euro and French bond yields also opened high
In June, China's e-commerce logistics index was 114.8 points, an increase of 0.9 points.
The China e-commerce logistics index for June 2024, jointly released by China Federation of Logistics & Purchasing and JD.com, was 114.8 points, with an expanded increase of 0.9 points.
Nomura Downgrades Vipshop(VIPS.US) to Hold Rating, Cuts Target Price to $14
Nomura analyst Jialong Shi downgrades $Vipshop(VIPS.US)$ to a hold rating, and adjusts the target price from $21 to $14.According to TipRanks data, the analyst has a success rate of 46.2% and a total
Nomura Downgrades Vipshop Holdings to Neutral From Buy, Cuts Price Target to $14 From $21
06:52 AM EDT, 06/28/2024 (MT Newswires) -- Nomura Downgrades Vipshop Holdings to Neutral From Buy, Cuts Price Target to $14 From $21 Price: 13.23, Change: +0.08, Percent Change: +0.61
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