Pinduoduo – Buy

PDD:NAS is now under Algo Engine buy conditions. The company is China’s largest agriculture and interactive commerce platform.

Pinduoduo has surpassed Alibaba as China’s largest e-commerce company with 788 million active users according to its latest quarterly earnings report.

We expect buying interest to build above the $125 support level. Q121 earnings should show continued growth.

Snap – Earnings

SNAP:NYS is under Algo Engine buy conditions following the entry signal at $48 in late March.

The stock price jumped a further 7.5% in Friday’s session, after the company reported accelerating revenue growth and strong user numbers during the first quarter.

Q2 2021 Outlook

Revenue is estimated to be between $820 million and $840 million, compared to $454 million in Q2 2020.

Adjusted EBITDA is estimated to be between $(20) million and break-even, compared to $(96) million in Q2 2020.

Pinduoduo – Buy

PDD:NAS is now under Algo Engine buy conditions. The company is China’s largest agriculture and interactive commerce platform.

We expect buying interest to build above the $125 support level. Q121 earnings should show continued growth.

US Labor Markets

The recovery in the U.S. labor market appeared to stagnate for a second month, as non-farm payrolls increased by just 49,000 and December’s figure was downwardly revised to show 227,000 job losses, strengthening the case for further stimulus.

A break below 3,856 in the S&P500 will be negative for the momentum traders.

Amazon – Up 88%

AMZN:NAS is under Algo Engine buy conditions and is up 88% since being added to our US S&P100 model portfolio on 1/8/2019.

For the December quarter, AMZN posted record revenues of more than $125B, up a whopping 44% on the same time last year. AWS, (cloud services), had net sales of $12.7B with an operating income of $3.6B, more than half of the firm’s overall operating income.

Facebook – Algo Sell

NYS:FB is under Algo Engine sell conditions.

We’re seeing falls in daily usage but global growth in overall user numbers continues to increase.

The company warned about the impact from Apple’s privacy changes and called the latter a “significant competitor.” Recent trends suggest slower growth in its advertising business and we may see lower revenue numbers in the second half of 2021.

We will be watching Google/Alphabet numbers when they report later this week.