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10 Best Growth Stocks To Buy Now According To Ray Dalio
In this article, we present the list of 10 best growth stocks to buy now according to billionaire Ray Dalio. Click to skip ahead and see the top 5 best growth stocks to buy now according to Ray Dalio. Ray Dalio is the Founder, Co-Chairman, and Co-Chief Investment Officer of Bridgewater Associates, the largest hedge […]
Insider Monkey · 1d ago
Carson Blocks Insane Alpha Disappears in Bad Year for Shorts
(Bloomberg) -- Carson Block is having an unusually tough time betting against Chinese stocks.The famed short seller’s recent calls to unload shares of GSX Techedu Inc., TAL Education Group and Joyy Inc. have largely backfired after the stocks rallied following brief dips when his reports were first posted.“GSX, after we reported it, tripled,” Block said in an interview with Bloomberg Television. “There is clearly something wrong.”Block, founder of Muddy Waters Research, isn’t questioning his methods. He blames options traders, small floats and investors taking advantage of low volumes to push the Chinese stocks back up after his calls.The result has been a grim year of shorting China equities for Block, who earned his reputation following successful bets against companies like Noble Group Ltd., the commodities firm in Singapore, and Sino-Forest Corp., a Canada-based timber company that operated in China.GSX, the online education firm that Muddy Waters called out in May, soared more than 200% through August before paring some of its gains. TAL Education has almost doubled since Block announced his short position more than two years ago.GSX has said Muddy Waters doesn’t understand its business model. TAL Education called the report erroneous and deceptive.The trend is playing out again with Joyy, the streaming service that plunged 26% on Nov. 18 when Muddy Waters announced its short call. The stock is crawling back, down just 12% since before the call, eroding gains from Block’s short bet.Block said Joyy is a “fraud” that’s going to zero since 90% of the “gifters” who are allegedly paying for entertainment on Joyy’s servers are robots.“The reality is that the vast, vast, vast majority of the gifters are fake and the money is round tripped and recycled” Block said in an interview with Erik Schatzker.Joyy has said Block doesn’t understand the way streaming services work in China.“Muddy Waters’s report is full of ignorance about the live-streaming industry and the live-streaming ecosystem,” Joyy said in a statement. “The report contains a large number of errors with unclear logic, confusing data, and hasty generalizations.”Insane AlphaBlock says about 65% of the names he has shorted over the past decade have declined in the long term, generating added value, or alpha, for his clients. One of his notable winners this year was in China -- Luckin Coffee Inc. is down almost 90% since his January bet.“What we short generates pretty insane alpha,” he said, without elaborating on his returns. “This year, all bets are off.”He reiterated his call for the U.S. Securities & Exchange Commission to delist the Chinese firms that it can’t properly monitor.“This is China and the Chinese stock promotion, manipulation fraud machine laughing in the face of the SEC,” he said. “If they are ripping us off, then we need to delist. Otherwise this is a total joke and what’s the point of the market.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 3d ago
Tencent to Invest in Online Education Startup Udemy
(Bloomberg) -- Chinese technology company Tencent Holdings Ltd. is a lead investor in a funding round that valued the online education startup Udemy Inc. at more than $3 billion, according to people familiar with the matter.Investors were also told by Udemy that the company could pursue an initial public offering next year, said the people, who asked not to be identified because the matter is private.Udemy said Wednesday that it has raised $50 million in a round valuing the company at $3.25 billion before the new investments. The San Francisco-based company named Learn Capital as one of the firms participating in the round. It didn’t disclose whether Tencent was an investor and it’s unclear how much Tencent contributed.Udemy had been looking to raise $100 million in new funding, according to a regulatory filing in Delaware.Beyond its core gaming and social media empire, Tencent invests in China and increasingly outside it, grooming upstarts in everything from supplying fresh vegetables to building electric vehicles.It has a range of U.S. investments from private ones in Epic Games Inc. and Reddit Inc. to public companies such as Warner Music Group Corp. and Activision Blizzard Inc. Although its super-app WeChat is the target of a U.S. ban halted by a court injunction, Tencent has yet to take much of a blow as the world’s two biggest economies clash, unlike Huawei Technologies Co. or TikTok’s parent ByteDance Ltd. In China, Tencent is facing a government clampdown to reign in big tech’s monopoly power.Online learning is one of the most hotly contested arenas in China, with incumbents like TAL Education Group going head to head against tech companies like ByteDance and NetEase Inc. Tencent has its own online learning platform in-house, while making bets in startups including Yuanfudao and VIPKid, both of which focus on after-school tutoring.A representative for Tencent declined to comment.Tencent’s largest investors include Naspers Ltd., the South African parent company of Prosus NV, which is also an Udemy backer. Udemy was valued at $2 billion in a funding round earlier this year. It’s also backed by Insight Partners and Stripes Group. With the new round, it’s one of the most valuable education technology companies.Udemy Chief Executive Officer Gregg Coccari said in an interview that the company doesn’t have a time frame in mind for an IPO.“We’re of course preparing the company for that eventuality if the board so chooses,” Coccari said. “We haven’t taken any steps.”Inbound InterestHe said Udemy has received inquiries from so-called blank-check companies, which allow a business to go public through a merger rather than an IPO.“It was all inbound interest, nothing that we were chasing at all,” Coccari said. “The board will consider any kind of options that we have in the future.”While declining to offer specifics, he said the company has hundreds of millions of dollars in revenue.Udemy and competitor Coursera Inc. are among the companies benefiting as the coronavirus pandemic prompts more people to experiment with virtual courses. Udemy offers professional, technical and personal development courses, as well as an array of classes as varied as cybersecurity and guitar.Rob Hutter, Learn Capital’s managing partner, said that Covid-19 dramatically boosted Udemy’s business.Computer Time“People are spending more time in front of their computers,” Hutter said. “They are utilizing that time to learn new skills and it has created a variety of new behaviors.”Udemy has enrolled 35 million students in more than 130,000 online courses, according to its website. The latest funding will help it expand to new markets. It has offices in Denver, Brazil, India, Ireland and Turkey as well as California.Coccari said the pandemic generated “five years of worth of growth in five months” for Udemy’s consumer business. Its enterprise business, which serves large companies, also grew this year, he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 11/18 13:00
Goldman expects an 18% return for Asia-Pacific stocks in 2021 — here are the bank's investment ideas
Asia-Pacific will likely be in "a sweet spot" in 2021 as economies grow and interest rates fall — and that will benefit stocks, said Goldman Sachs.
CNBC.com · 11/17 05:21
TAL Education Market Leadership Shows With Jump In RS Rating
Investor's Business Daily · 11/05 20:40
Were These Hedge Funds Wrong About Loading Up On TAL Education Group (TAL)?
Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t timid and registered double digit market beating gains. Financials, energy and industrial stocks aren’t doing […]
Insider Monkey · 11/02 21:02
He’s outperformed all other hedge funds so far this year, but now he’s got most of his portfolio in cash
Just a few years ago, Qian Yongqiang was running his own account. Now, after riding a wave of big wins, his $1-billion hedge-fund is on top of the world and...
MarketWatch · 11/02 05:10
Tencent Backs its Former QQ Heads Zoom-for-Business Startup
(Bloomberg) -- Tencent Holdings Ltd. led a $50 million investment in real-time communications software developer Zego, underscoring widespread interest in online education and videoconferencing in the post-pandemic era.The Shenzhen-based startup’s financing round was also joined by existing backers Qiming Venture Partners and IDG Capital, Zego said. The company -- now part of Tencent’s massive investment portfolio -- didn’t disclose its latest valuation.Zego is competing in a burgeoning enterprise software sector with rivals including Agora Inc., which raised $350 million in a U.S. listing in June. They offer real-time voice and video technology that powers game streaming platforms, online classes and, increasingly, enterprises that had to adapt to remote work during and after Covid-19 disruptions. Globally, the so-called communications platform-as-a-service market is expected to grow from $3 billion in 2018 to more than $17 billion in 2023, according to IDC estimates.“We experienced a boom in these use cases during the pandemic, because people started to realize there’s work and errands you can’t do offline,” said Zego co-founder and Chief Executive Officer Lin Youyao in a phone interview.After 13 years at Tencent, where he last headed up the internet giant’s QQ messaging app, Lin founded Zego in 2015 with a group of former colleagues. He says the company’s revenue is on track to double this year, and it has been profitable since 2016, without disclosing specific figures.The company has a team of around 400 people and 80% of them work in tech, the CEO said. Zego has provided tech solutions to more than 1,000 customers including Weibo Corp. and TAL Education Group since its inception and it also runs a Zoom-style videoconferencing platform called TalkLine, according to the company.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 11/01 22:00
TikToks Owner Sells Its First Consumer Gadget. And Its a Lamp
(Bloomberg) -- ByteDance Ltd. has taken the wraps off its first consumer gadget -- a $100 lamp with built-in displays for kids -- as TikTok’s Chinese owner deepens its foray into online education.The company touted its smart lamp with a touch screen, camera and built-in voice assistant that can tutor schoolchildren on their homework. Parents can check in remotely via a mobile app connected to the lamp’s camera. ByteDance’s range of educational products, including the lamp, will be offered under a new brand called Dali -- which means “big force.”“I’m worried that recent fundraising mostly flowed to after-school tutoring,” said ByteDance senior vice president Chen Lin during a livestreamed event in Beijing. “We’ll focus on all scenarios, offering our children a better learning system.”The company will adopt a “Big Education” approach, targeting not only students but also teachers and institutions, Chen added.Known as an “app factory,” ByteDance has regularly churned out mobile offerings from newsreader Toutiao to TikTok’s Chinese cousin Douyin. But the world’s largest startup -- valued at $140 billion by CBInsights -- is struggling to find its next breakout hit amid a U.S. campaign against its biggest international success so far, TikTok. Billionaire founder Zhang Yiming has entrusted his chief lieutenant Chen, who previously headed Toutiao, to make bets in the heated arena of online learning.Chen has previously said ByteDance’s education arm will invest without considering profitability in the next three years. The unit already has more than 10,000 employees, including tutors. The company runs a stable of learning apps for everything from one-on-one English tutoring to classroom-style maths cramming. It’s seeking to tap demand for after-school tutoring from affluent households, competing against incumbents like TAL Education Group, as well as deep-pocketed upstarts like Tencent Holdings Ltd.-backed VIPKid.Hardware could complement ByteDance’s push into online education, creating an Apple Inc.-style ecosystem that locks in users with gadgets as well as content. The Dali smart lamp went on sale on Chinese e-commerce sites in July, but ByteDance has only now revealed that it’s behind the product, which has so far garnered nearly 3,000 buyer comments on JD.com.Louis Yang, a co-founder of Musical.ly -- the app acquired by ByteDance that morphed into TikTok -- is the lamp’s product head.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Bloomberg · 10/29 09:34
JP Morgan Downgrades TAL Education to Neutral, Announces $75 Price Target
JP Morgan downgrades TAL Education (NYSE:TAL) from Overweight to Neutral and announces $75 price target.
Benzinga · 10/23 10:24
TAL Education Group 2020 Q2 - Results - Earnings Call Presentation
The following slide deck was published by TAL Education Group in conjunction with their 2020 Q2 earnings call.
Seekingalpha · 10/22 19:38
TAL Education -7.6% on Q3 earnings miss
TAL Education ([[TAL]] -10.2%) Q3 net revenues increased by 20.8% Y/Y to $1,103.3M.Revenue surge was mainly driven by the growth in average student enrollments, which increased by 67.4%.Total student enrollments of
Seekingalpha · 10/22 19:06
TAL Education Earlier Reported Q2 EPS $0.08 Misses $0.12 Estimate, Sales $1.10B Miss $1.13B Estimate
TAL Education (NYSE:TAL) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.12 by 33.33 percent. This is a 300 percent increase over earnings of $0.02 per share from the same
Benzinga · 10/22 11:40
TAL Education EPS misses by $0.02, misses on revenue
TAL Education (TAL): Q2 Non-GAAP EPS of $0.09 misses by $0.02; GAAP EPS of $0.02 misses by $0.04.Revenue of $1.1B (+20.5% Y/Y) misses by $20M.Press Release
Seekingalpha · 10/22 08:01
TAL Education Q2 2021 Earnings Preview
TAL Education (NYSE:TAL) is scheduled to announce Q2 earnings results on Thursday, October 22nd, before market open.The consensus EPS Estimate is $0.11 (+450.0% Y/Y) and the consensus Revenue Estimate is
Seekingalpha · 10/21 17:38
New Oriental Education Beats Estimates But Stock Slides
Investor's Business Daily · 10/13 16:37
Understanding TAL Education's Unusual Options Activity
Shares of TAL Education (NYSE: TAL) saw some unusual options activity on Tuesday. Following the unusual option alert, the stock price moved down to $77.91. * Sentiment: BEARISH * Option Type: SWEEP * Trade Type: PUT * Expiration Date: 2020-11-20 * Strike Price: $72.50 * Volume: 1800 * Open Interest: 1487Three Signs Of Unusual Options Activity Extraordinarily large volume (compared to historical averages) is one indication of unusual options market activity. Volume refers to the total number of contracts traded over a given time period when discussing options market activity. The number of unsettled contracts that have been traded, but not yet closed, is called open interest. These contracts are not yet closed because a buyer has not purchased the contract, or a seller has not sold it.Another indicator of unusual options activity is the trading of a contract with an expiration date in the distant future. Additional time until a contract expires generally increases the potential for it to grow its time value and reach its strike price. It is important to consider time value because it represents the difference between the strike price and the value of the underlying asset.Contracts that are "out of the money" are also indicative of unusual options activity. "Out of the money" contracts occur when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made with the expectation that the value of the underlying asset is going to change dramatically in the future, and buyers and sellers will benefit from a greater profit margin.Bullish And Bearish Sentiments Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price.These observations are made without knowing the investor's true intent by purchasing these options contracts. The activity is suggestive of these strategies, but an observer cannot be sure if a bettor is playing the contract outright or if the options bettor is hedging a large underlying position in common stock. For the latter case, bullish options activity may be less meaningful than the exposure a large investor has on their short position in common stock.Trading Options With These Strategies Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account.For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alertsSee more from Benzinga * Options Trades For This Crazy Market: Get Benzinga Options to Follow High-Conviction Trade Ideas * Stocks That Hit 52-Week Highs On Wednesday(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga · 10/13 14:59
Baidu: Surprisingly Cheap
Chinese equities started the week underperforming U.S. stocks. From mid-week, they staged a remarkable reversal to end the week in a clear lead.I share the drivers leading to the rebound.Baidu remains a laggard despite its involvement in the current-day buzzwords like artificial intelligence, autonomous driving, robotaxis, smart devices, etc.I update on the ways Baidu are monetizing its developments.I also share Baidu's valuation multiples and argue that its shares are undervalued.
Seekingalpha · 10/05 17:17
UBS Maintains Buy on TAL Education, Raises Price Target to $109
UBS maintains TAL Education (NYSE:TAL) with a Buy and raises the price target from $102 to $109.
Benzinga · 09/29 15:31
TAL Education Group (NYSE:TAL) Seems To Use Debt Quite Sensibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Simply Wall St. · 09/28 20:07
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About TAL
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People's Republic of China (the PRC). The Company mainly offer tutoring services to kindergarten through twelfth grade (K-12) students covering core academic subjects, including among others, mathematics, physics, chemistry, biology, history, geography, political science, English and Chinese. It also provides consulting services for overseas studies and preparation courses for major standardized tests, as well as operate several online community platforms including www.jzb.com (together with the Jiazhang Bang application (app)) and www.mmbang.com (together with the Mama Bang app). The Company’s main brands are Xueersi, Mobby, Firstleap, Izhikang and Shunshun Liuxue. The Company mainly operates its businesses in Mainland China and Hong Kong.
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