China New Economy
VanEck Vectors China New Economy is building a new support level at $6.50.
Magnificent 7
In Q4 2023, the group achieved a market-weighted average of 60% YoY operating profit expansion, while Apple contributed an underperforming 11%.
- Tesla Q4: -47%
- Apple Q4: +11%
- Google Q4: +27%
- Microsoft Q4: +33%
- Meta Platforms Q4:+41%
- Amazon Q4: +388%
- Nvidia Q4: +980%
Apple and Google are under recent algo engine buy signals, and we’re now building exposure within the identified value ranges.
JD.COM & Alibaba
We’re bullish on China tech giants following the increased buyback programs now in place.
JD recently announced that it would increase its buyback program by $3 billion, representing 7% of its market cap.
Alibaba upped its authorized buybacks by $25 billion and committed to retiring 3% of shares annually.
Woolworths
Woolworths Group is a counter-trend trade and requires a tight stop loss at $32.60
RIO
Rio Tinto is under Algo Engine buy conditions. Investors may consider accumulating the stock within the $105 – $115 value range.
Traders should be focused on short-term momentum and wait for the stochastic to turn higher or for a break above the 10-day moving average.
Comcast
CMCSA:NAS is under Algo Engine buy conditions, and at 10x earnings, the valuation is not demanding.
Peacock revenue increased by 57%, surpassing $1B in quarterly revenue for the first time; Peacock paid subscribers increased nearly 50% year over year to 31M.
Full Year 2023:Total Return of Capital of $15.8B
- $11.0B in share repurchases
- $4.8B in dividends
Zscaler
{ZS.NAS} trades on a high PE ratio, and further selling into the $150 price range is our target.
Apple
AAPL:NYS is under Algo Engin buy conditions. We see long-term value for investors within the $140 – $170 price range.
Shopify
SHOP:NYS is added to our buy list with a stop loss of $72.64
Crypto Trade Table: +740%
Our crypto algo engine has generated a 740% return since October 2023. The automated trading model focuses on large-cap momentum.
Recent portfolio additions include;
For all enquiries, please call 1300 614 002.
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2 Chifley Square
Sydney, NSW 2000
1300 614 002
Investor Signals Pty Ltd
ABN 44 143 555 453
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