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Morgan Stanley Initiates NetEase(NTES.US) With Buy Rating, Announces Target Price $108
Bernstein Initiates NetEase(NTES.US) With Buy Rating, Announces Target Price $108
U.S. Stock Market Early Session | U.S. stocks continue to be volatile, with technology stocks generally declining, NVIDIA down nearly 3%; Donald Trump concept stocks and some Chinese concept stocks are rising against the trend, DJT up nearly 9%, NetEase u
The rise in USA Treasury yields has led to continued selling of the large Technology stocks that have been leading the bull market over the past year. This week, the market is focusing on the upcoming Earnings Reports from several large Banks.
The Chinese concept Index has turned positive, with NetEase rising by 4.4% in early trading.
On January 13, Gelonghui reported that the Nasdaq Golden Dragon China Index erased over a 0.2% decline in U.S. stock market trading and turned to rise approximately 0.4%. NetEase's U.S. stock rose 4.4%, YUM CHINA and Trip.com both rose over 2%, KE Holdings, China Automotive Systems, and ZTO Express increased by over 1%, while JD.com, Baidu, and Bilibili gained up to 0.8%.
US stock market anomaly | "Marvel Showdown" performs strongly, NetEase (NTES.US) rose more than 4% in pre-market trading.
On Monday, NetEase (NTES.US) rose more than 4% in Pre-Market Trading, priced at $95.22.
US stock outlook | Wall Street begins to discuss the possibility of interest rate hikes! The three major index futures collectively weakened; Intra-Cellular surged nearly 35% in pre-market trading! It will be acquired by Johnson & Johnson for billions.
Tesla fell 3% before the market opened, as the largest Retirement Fund in Europe liquidated its shares; the yield on the 10-year US Treasury is aiming for 5%! The Global bond market is in turmoil.