-- Michael Burry’s investment firm doubled down on its bets on JD.com Inc and Alibaba Group Holding Ltd. in the first quarter as Chinese equities bottomed out.China Considers Government Buying of Unsold Homes to Save Property MarketJD.com was Scion Asset Management’s top holding after the firm boosted its stake in the e-commerce operator by 80% during the period, according to the most recent 13F filing.
Global investors have been making a cautious return to the Chinese stock market as cheap valuations and Beijing’s policy support allowed a number of equity benchmarks to roar into bull markets. A sustainable growth in earnings is seen as crucial for the rebound to continue. Tencent Holdings Ltd. beat earnings estimates while Alibaba reported weaker-than-expected profitability.
This dividend stock offers a high yield and significant long-term growth potential. It's also one of the safest stocks you can buy. The post Why I Continue Buying Shares of This Healthy and Secure 5.3%-Yielding Dividend Stock appeared first on The Motley Fool Canada.The mystery is over: Warren Buffett’s Berkshire Hathaway disclosed a major stake in the insurance company Chubb, finally revealing the investment he has kept under wraps since last year.
Warren Buffett is hoarding $200 billion as he may see 'storm clouds' ahead, says top economist Steve Hanke
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