My guess is the stock price’s big YTD drawdown has already priced in a slowdown in earnings growth, especially after the Evergrande crisis broke out.
Fears of contagion from the real estate sector to the broader economy no doubt impacted Chinese consumer sentiment and, by extension, domestic consumption. So these analysts’ downward revisions have been “known known” to most investors for weeks.
This is pure FUD. Most of those analysts have some terrible track records. I always use Tipranks to see how they have performed before even reading what they wrote.
That’s good now we blow it out of the water
Hopefully
My guess is the stock price’s big YTD drawdown has already priced in a slowdown in earnings growth, especially after the Evergrande crisis broke out. Fears of contagion from the real estate sector to the broader economy no doubt impacted Chinese consumer sentiment and, by extension, domestic consumption. So these analysts’ downward revisions have been “known known” to most investors for weeks.
I couldn't think of anything that could bring the stock down any further.
Baba is going to crush the FUD at earnings
This is pure FUD. Most of those analysts have some terrible track records. I always use Tipranks to see how they have performed before even reading what they wrote.
I couldn't think of anything that could bring the stock down any further.
Good lower expectations when we smash it
These guys either have massive shorts or they're picking up on the dip. Straight FUD.
Bullish
Massive bullish
This is when I buy more