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Good Tuesday Friend,
Yes, the "V" or "U" shaped recovery is still looking intact...
1) S&P
500 advanced 0.42% on Monday, closing near session highs, as strength
in the mega-cap technology stocks helped the market overcome an increase
in U.S.-China tensions from the "accusations" by the Trump administration that the virus originated from a lab in Wuhan, China.
2) The world continues to prepare to open back up, with many nations already allowing their industries to slowly get back into day to day operations.
3) Warren Buffett just announced during his shareholders meeting that he dumped all his positions on the major airlines in USA, mentioning that he can no longer see viable returns on investment from the airline business.
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What does this mean for us?
Technology stocks in the NASDAQ continue to surge ahead, seemingly ignoring the whole virus issue...
Just look at the big tech, Microsoft (MSFT 178.84, +4.27, +2.5%), Amazon (AMZN
2315.99, +29.94, +1.3%), Apple (AAPL 293.16, +4.09, +1.4%), and Facebook
(FB
205.26, +2.99, +1.5%). If you have any of these stocks, it looks like you will never go wrong...
This week's stock pick is "JD.com (NASDAQ: JD)".
JD.com, Inc., also known as Jingdong and formerly called 360buy,
is a Chinese e-commerce company headquartered in Beijing. It is one of
the two massive B2C online retailers in China by transaction volume and
revenue, a member of the Fortune Global 500 and a major competitor to
Alibaba-run Tmall.
With the current recovery happening in China, JD has not only weathered the storm, but come out stronger than ever. Chinese people love to shop online and pay everything online, because cash in China has already become a thing of the past. Online shopping is almost as normal as picking up your phone for a call now...
We see JD and companies like Ali Baba continuing to grow.
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And stay tuned to my weekly newsletter as I keep you updated on the latest
developments and opportunities for us to profit hugely from this global
crisis...
Also, I have started a new
TELEGRAM channel where you can receive instant updates on your phone via
the TELEGRAM APP, go sign up for it here if you have not done so
already,
(Make sure you download the APP to your phone and join my channel "DennisBayWay" on Telegram)
If
you will like to get exclusive access to my personal stock picks and
financial market trade opportunities, or know someone who might be
interested in these updates, feel free to share my "Global Investors Weekly" newsletter to them with this link,
Contact me to find out how you can get started... this window of opportunity is not going to last forever!
To Your Wealth, Freedom & Success!
Your Friend
Dennis Bay |
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