Play Online Car Sales News in China ETF DUO
- Despite an up and down last few months, China remains a key market to consider for investors. U.S. investors especially may benefit from diversifying away from an expensive, top-heavy S&P 500, for example.
- 09/29/2023
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FangDD Reports First Half 2023 Unaudited Financial Results
- SHENZHEN, China, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a customer-oriented property technology company in China, today announced its unaudited financial results for the six months ended June 30, 2023.
- 08/25/2023
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FangDD Regains Compliance with Nasdaq Minimum Bid Price Requirement
- SHENZHEN, China, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (“FangDD” or the “Company”) (Nasdaq: DUO) today announced that the Company had received a notification letter (“Compliance Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), dated August 18, 2023, indicating that the Company has regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5450(a)(1) (the “Minimum Bid Price Requirement”).
- 08/21/2023
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Why Is Fangdd Network (DUO) Stock Up 48% Today?
- Fangdd Network (NASDAQ: DUO ) stock is on the rise after the investment holding company announced an upcoming shareholder meeting. Fangdd Network is planning to hold a shareholder meeting on Sept.
- 08/03/2023
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FangDD to Hold an Extraordinary General Meeting of Shareholders on September 15, 2023
- SHENZHEN, China, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today announced that it will hold an extraordinary general meeting (the “EGM”) of shareholders at Room 4106, Building 12B1, Shenzhen Bay Ecological Technology Park, Nanshan District, Shenzhen, People's Republic of China on September 15, 2023 at 10:00 am (Beijing time), for the purposes of considering and, if thought fit, passing the proposed resolution set forth in the notice of EGM (the “Notice of EGM”). The Notice of EGM and proxy card for the EGM are available on the Company's website at http://ir.fangdd.com/. The board of directors of FangDD fully supports the proposed resolution listed in the Notice of EGM and recommends that shareholders and holders of ADSs vote in favor of the resolution set out in the Notice of EGM.
- 08/02/2023
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FangDD Announces Plan to Implement ADS Ratio Change
- SHENZHEN, China, July 24, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a customer-oriented PropTech company in China, today announced that it will change the ratio of the American depositary shares (“ADSs”) representing its Class A ordinary shares from one (1) ADS representing three hundred and seventy-five (375) Class A ordinary share to one (1) ADS representing five thousand six hundred and twenty-five (5,625) Class A ordinary shares.
- 07/24/2023
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Top 4 Tech & Telecom Stocks That May Rocket Higher In July - Cineverse (NASDAQ:CNVS), Fangdd Network Group (NASDAQ:DUO)
- The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
- 07/21/2023
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FangDD Announces US$8.0 Million Registered Direct Offering
- SHENZHEN, China, July 17, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a customer-oriented PropTech company in China, today announced that it has entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors for the issuance and sale by the Company in a registered direct offering of 11,428,565 American Depositary Shares, or ADSs, at a purchase price of US$0.70 per ADS, and regular warrants to purchase up to an aggregate of 11,428,565 ADSs.
- 07/17/2023
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2 No-Brainer Tech Stocks to Buy With $1,000
- Nvidia is one of the best ways to bet on the artificial intelligence megatrend. Duolingo's results are soaring thanks to its popular language-learning app.
- 04/25/2023
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Buying Cheap Penny Stocks in November? 3 Tips to Use
- Check these tips out for trading penny stocks right now The post Buying Cheap Penny Stocks in November? 3 Tips to Use appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 11/07/2022
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Best Penny Stocks to Buy Today? 3 to Watch on April 29th
- What you need to know about buying penny stocks on April 29th The post Best Penny Stocks to Buy Today? 3 to Watch on April 29th appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 04/29/2022
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Is the Death Cross a Positive for Penny Stocks? 3 to Watch
- Check these 3 penny stocks out after a recent death cross pattern The post Is the Death Cross a Positive for Penny Stocks? 3 to Watch appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 03/16/2022
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Fangdd Network Group Ltd. (DUO) CEO Xi Zeng on Q3 2021 Results - Earnings Call Transcript
- Fangdd Network Group Ltd. (DUO) CEO Xi Zeng on Q3 2021 Results - Earnings Call Transcript
- 11/19/2021
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Recap: Fangdd Network Group Q3 Earnings
- Fangdd Network Group (NASDAQ:DUO) reported its Q3 earnings results on Friday, November 19, 2021 at 06:00 AM. Here's what investors need to know about the announcement.
- 11/19/2021
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3 Penny Stocks to Watch After Trump DWAC Stock Spotlights Small Caps
- Hot penny stocks to watch after small caps gain momentum thanks to Trump's DWAC stock. The post 3 Penny Stocks to Watch After Trump DWAC Stock Spotlights Small Caps appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 10/24/2021
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Fangdd Network Group's (DUO) CEO Xi Zeng on Q2 2021 Results - Earnings Call Transcript
- Fangdd Network Group's (DUO) CEO Xi Zeng on Q2 2021 Results - Earnings Call Transcript
- 08/13/2021
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Recap: Fangdd Network Group Q2 Earnings
- Shares of Fangdd Network Group (NASDAQ:DUO) rose 4.7% in pre-market trading after the company reported Q2 results. Quarterly Results Earnings per share were down 866.67% year over year to ($0.23), which missed the estimate of $0.14.
- 08/13/2021
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FangDD Reports Second Quarter 2021 Unaudited Financial Results
- SHENZHEN, China, Aug. 13, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the second quarter ended June 30, 2021.
- 08/13/2021
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FangDD to Announce Second Quarter 2021 Financial Results on August 13, 2021
- SHENZHEN, China, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced that it plans to release its second quarter 2021 financial results before the market opens on Friday, August 13, 2021.
- 08/09/2021
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Fangdd Network Group's (DUO) Management on Q1 2021 Results - Earnings Call Transcript
- Fangdd Network Group's (DUO) Management on Q1 2021 Results - Earnings Call Transcript
- 05/15/2021
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Recap: Fangdd Network Group Q1 Earnings
- Shares of Fangdd Network Group (NASDAQ:DUO) rose 2.9% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share were up 15.00% year over year to ($0.17), which missed the estimate of ($0.10).
- 05/14/2021
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FangDD Reports First Quarter 2021 Unaudited Financial Results
- SHENZHEN, China, May 14, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the first quarter ended March 31, 2021.
- 05/14/2021
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FangDD Filed 2020 Annual Report on Form 20-F
- SHENZHEN, China, April 01, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the Securities and Exchange Commission on March 31, 2021, Eastern Time. The annual report can be accessed on the Company's investor relations website at http://ir.fangdd.com. The Company will also provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request.
- 03/31/2021
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Fangdd Network Group Ltd. (DUO) CEO Zeng Xi on Q4 2020 Results - Earnings Call Transcript
- Fangdd Network Group Ltd. (DUO) CEO Zeng Xi on Q4 2020 Results - Earnings Call Transcript
- 03/26/2021
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Fangdd Network Group: Q4 Earnings Insights
- Shares of Fangdd Network Group (NASDAQ:DUO) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share decreased 161.90% over the past year to ($0.13), which may not compare to the estimate of $0.68.
- 03/26/2021
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FangDD Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results
- SHENZHEN, China, March 26, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.
- 03/26/2021
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Fangdd Network Rebounds But Faces Intense Industry Competition
- Fangdd Network Group went public in November 2019, securing $78 million in gross proceeds in its U.S. IPO. The firm operates an online transaction and services platform for real estate agents, buyers and sellers in China.
- 12/17/2020
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7 Outdated Tech Stocks to Sell Before It's Too Late
- These tech stocks have fallen on hard times and if you are holding onto an investment, you may want to sell your shares before it's too late. The post 7 Outdated Tech Stocks to Sell Before It's Too Late appeared first on InvestorPlace.
- 11/25/2020
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Fangdd Network Group: Q3 Earnings Insights
- Shares of Fangdd Network Group (NASDAQ:DUO) moved lower by 10.12% in after-market trading after the company reported Q3 results. Quarterly Results Earnings per share decreased 42.86% year over year to $0.08, which missed the estimate of $0.20.
- 11/19/2020
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FangDD Announces Strategic Partnership With Shanghai Yuancui
- SHENZHEN, China, Nov. 20, 2020 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today announced that it has entered into a share transfer and capital increase agreement (the “Agreement”) with Shanghai Yuancui Information Technology Co., Ltd. (“Shanghai Yuancui”), a company providing technology-enabled solutions, franchise branding, and operational efficiency improvements for agents and agencies in the real estate brokerage industry. Currently, Shanghai Yuancui has more than 400 offline stores. Centaline (China) Property Agency Limited, a subsidiary of leading real estate brokerage firm Centaline Group, is a shareholder of Shanghai Yuancui.
- 11/19/2020
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FangDD to Announce Third Quarter 2020 Financial Results on November 19, 2020
- SHENZHEN, China, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced that it plans to release its third quarter 2020 financial results after the market closes on Thursday, November 19, 2020.
- 11/16/2020
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Fangdd Network Group Ltd (DUO) CEO Zeng Xi on Q2 2020 Results - Earnings Call Transcript
- Fangdd Network Group Ltd (NASDAQ:DUO) Q2 2020 Earnings Conference Call August 13, 2020 08:30 PM ET Company Participants Warren Wen - Financial Controller Zeng Xi - Co-CEO Pan Jiaorong - CFO Conference Call Participants Wei Xiong - UBS Presentation Operator Ladies and gentlemen, thank you for standing by, and welcome to FangDD Network Group Limited Second Quarter 2020 Earnings Call.
- 08/14/2020
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Fangdd Network Group Ltd. (DUO) Q2 2020 Earnings Call Transcript
- Zeng Xi, who will start the call with a review of our progress and the current industry dynamics and the details of our development strategies in this quarter. Afterwards, our CFO, Mr. Pan Jiaorong, will go over our financials before we open up the call for questions.
- 08/14/2020
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FangDD Reports Second Quarter 2020 Unaudited Financial Results
- SHENZHEN, China, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the second quarter ended June 30, 2020. Second Quarter 2020 Financial Highlights * Revenue in the second quarter of 2020 decreased by 22.2% year over year to RMB737.7 million (US$104.4 million) from RMB948.2 million in the same period of 2019. * Net loss in the second quarter of 2020 was RMB14.0 million (US$2.0 million). * Non-GAAP net income 1 in the second quarter of 2020 was RMB11.9 million (US$1.7 million).Second Quarter 2020 Operating Highlights * The number of active agents2 in the Company’s marketplace in the second quarter of 2020 was 265.9 thousand, representing an increase of 26.9% from 209.5 thousand in the same period of 2019. * The number of closed-loop agents3 in the second quarter of 2020 was 18.2 thousand, representing a decrease of 13.7% from 21.1 thousand in the same period of 2019. * Total closed-loop GMV4 facilitated on the Company’s platform in the second quarter of 2020 decreased by 13.5% to RMB50.0 billion (US$7.1 billion) from RMB57.8 billion in the same period of 2019. New property and resale listings contributed RMB33.6 billion (US$4.8 billion) and RMB16.4 billion (US$2.3 billion), respectively, to the total closed-loop GMV in the second quarter of 2020.Mr. Yi Duan, Chairman and Co-Chief Executive Officer of FangDD, commented, “As the COVID-19 pandemic came under control in China in May, the real estate market started to revive. As a result, the number of active agents on our platform increased by 26.9% to 265.9 thousand during the second quarter of 2020. Although our quarterly closed-loop GMV and net revenue still declined due to the lingering effect of the pandemic, we have already witnessed a strong rebound in real estate demand and are quite optimistic about our ability to resume satisfactory growth in the coming quarters. While we maintain our partnerships with large real estate agencies, we also recognize the rapid rise of small- and medium-sized agencies on our platform. Accordingly, we have launched several new initiatives to assist small- and medium-sized agencies in increasing their transactions and advancing their businesses. We are confident that our competitive advantages in SaaS, supply chain financing, and service innovation will enable us to thrive in the post-pandemic world.”Mr. Xi Zeng, Co-Chief Executive Officer of FangDD, stated, “Leveraging our extensive expertise in real estate transaction services, we provided sophisticated SaaS solutions to real estate agencies, especially those small- and medium-sized ones, to help them improve their operating efficiencies, increase their customer targeting precision, and digitize their entire transaction process for resale properties. Also, we partnered with multiple banks and other financial services companies to furnish real estate agents with supply chain financing and credit rating solutions. In addition, we expanded our offerings with new value-added services such as parking space transactions, certified real estate transaction centers, and renovated property resale services. Looking ahead, we plan to continuously upgrade our technology platform, improve our user experience, expand our service offerings, increase our market share, and maintain our growth trajectory for the long run.”Ms. Jiaorong Pan, Chief Financial Officer of FangDD, added, “Despite the persistence of COVID-19 in the second quarter, we faced the challenges head on and worked to refine our cost structures and operating efficiency in order to prepare for the coming growth cycle. As the outbreak continues to be gradually brought under control, our business has also been able to reaccelerate, and we saw total revenue in June increase by 35.9% year over year. While decreases in both the number of transactions and total closed-loop GMV facilitated on our platform constrained our revenue generation capabilities in the second quarter, we have seen that real estate agent activity is picking up, and we expect these metrics to improve as the pandemic abates. Going forward, we intend to maintain a prudent mindset throughout our capital allocation process and focus on those initiatives capable of supporting our long-term growth objectives, such as our SaaS solutions and other service offerings. Such efforts should serve to fortify our leadership in China’s real estate transaction industry as we enter the post-pandemic period.”Second Quarter 2020 Financial ResultsREVENUE Revenue in the second quarter of 2020 decreased by 22.2% to RMB737.7 million (US$104.4 million) from RMB948.2 million in the same period of 2019. The decrease was due to the outbreak of COVID-19 in China and the resulting constraints imposed on real estate agent activity, which negatively impacted the ability of agents to facilitate transactions in the period. Although real estate agent business activity has started to gradually resume since April 2020, the outbreak of COVID-19 and its impact on the real estate market caused both the number of transactions and GMV facilitated through the Company’s marketplace to decrease on a year-over-year basis, both of which significantly impacted the Company’s revenue generation capabilities in the period. However, as the pandemic has been gradually brought under control in China, the Company has begun to ramp up its business in turn and thus generated revenue of RMB390.0 million (US$55.2 million) for the month ended June 30, 2020, representing an increase of 35.9% year over year.COST OF REVENUECost of revenue in the second quarter of 2020 decreased by 15.1% to RMB616.7 million (US$87.3 million) from RMB726.0 million in the same period of 2019. This decrease was mainly attributable to a decrease in commission fees payable to agents for the services they rendered, which resulted from both the decreased commissions from transactions and the increased costs relating to various initiatives being offered to agents during the period to overcome the negative impact of the COVID-19 pandemic.GROSS PROFITGross profit in the second quarter of 2020 decreased by 45.5% to RMB121.0 million (US$17.1 million) from RMB222.2 million in the same period of 2019. Gross margin in the second quarter of 2020 was 16.4% compared with 23.4% during the same period of 2019.OPERATING EXPENSESOperating expenses in the second quarter of 2020, including share-based compensation expenses of RMB25.9 million (US$3.7 million), decreased by 1.2% to RMB153.9 million (US$21.8 million) from RMB155.7 million in the same period of 2019. * Sales and marketing expenses in the second quarter of 2020 decreased by 86.4% to RMB2.9 million (US$0.4 million) from RMB21.3 million in the same period of 2019. The decrease in sales and marketing expenses was primarily due to the reduction in spending on brand promotion and marketing activities to attract property listings from real estate sellers to the Company’s marketplace. * Product development expenses in the second quarter of 2020 were RMB70.5 million (US$10.0 million) compared to RMB79.1 million in the same period of 2019. The decrease in product development expenses was mainly attributable to the Company’s shifting from expanding the team size to optimizing the operating efficiency of its product development team in response to the outbreak of COVID-19, which led to a decrease in personnel-related expenses in the period. The decrease was partially offset by share-based compensation expenses of RMB16.3 million (US$2.3 million) in the second quarter of 2020. * General and administrative expenses in the second quarter of 2020 were RMB80.5 million (US$11.4 million), compared to RMB55.3 million in the same period of 2019. The increase in general and administrative expenses in the period included share-based compensation expenses of RMB9.6 million (US$1.4 million). The remaining increase of RMB15.6 million (US$2.2 million) in general and administrative expenses was primarily attributable to (1) an increased headcount and various expenditures to improve the Company’s corporate governance and ensure compliance in relation to the Company’s status as a U.S.-listed company; and (2) an increase in the account of provisions for doubtful debtors.NET INCOME (LOSS)Net loss in the second quarter of 2020 was RMB14.0 million (US$2.0 million) compared to a net income of RMB85.5 million in the same period of 2019.Non-GAAP net income in the second quarter of 2020 was RMB11.9 million (US$1.7 million) compared to non-GAAP net income of RMB85.5 million in the same period of 2019.NET INCOME (LOSS) PER ADSBasic and diluted net loss per American Depositary Share (“ADS”) in the second quarter of 2020 were both RMB0.18 (US$0.03). In comparison, the Company’s basic and diluted net income attributable to ordinary shareholders per ADS in the same period of 2019 were both RMB1.00. Each ADS represents 25 of the Company’s Class A ordinary shares.Liquidity As of June 30, 2020, the Company had cash and cash equivalents, restricted cash, and short-term investments of RMB950.2 million (US$134.5 million), short-term bank borrowings of RMB361.9 million (US$51.2 million), as well as un-utilized bank facilities of RMB297.0 million (US$42.0 million). For the second quarter of 2020, net cash used in operating activities was RMB62.2 million (US$8.8 million).Business Outlook For the third quarter of 2020, the Company expects its revenue to be between RMB1,050 million and RMB1,150 million. This forecast only reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.
- 08/13/2020
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FangDD to Announce Second Quarter 2020 Financial Results on August 13, 2020
- SHENZHEN, China, Aug. 10, 2020 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced that it plans to release its second quarter 2020 financial results after the market closes on Thursday, August 13, 2020. The Company’s management team will hold a Direct Event conference call on Thursday, August 13, 2020, at 8:30 P.M. Eastern Time (or 8:30 A.M. Beijing Time on Friday, August 14, 2020) to discuss the financial results. Details for the conference call are as follows:Event Title:Fangdd Network Group Ltd. Second Quarter 2020 Earnings Conference Call Conference ID:2783556 Registration Link:http://apac.directeventreg.com/registration/event/2783556 Due to the global outbreak of the novel coronavirus, operator assisted conference calls are not available at the moment. All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers, the Direct Event passcode, and a unique access PIN, which can be used to join the conference call. A replay of the conference call will be accessible through August 21, 2020, by dialing the following numbers:United States:+1-646-254-3697 Hong Kong, China:+852-3051-2780 Replay Code:2783556 A live and archived webcast of the conference call will also be available at the Company’s investor relations website at http://ir.fangdd.com/. About FangDD Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or the “Company”) is a leading property technology company in China, operating one of the largest online real estate marketplaces in the country. Through innovative use of mobile internet, cloud and big data, FangDD has fundamentally revolutionized the way real estate agents conduct business through a suite of modular products and services powered by SaaS tools, productions and technology. Of the approximately 2.0 million real estate agents in China, more than 1,250,000 were on its platform as of December 31, 2019. For more information, please visit http://ir.fangdd.com.Investor Relations Contact: FangDD Ms. Linda Li Director, Capital Markets Department Phone: +86-0755-2699-8968 E-mail: ir@fangdd.comICR, Inc. Jack Wang Phone: +1(646) 308-1649 E-mail: FangDD@icrinc.com
- 08/10/2020
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Is Fangdd Network Group (NASDAQ:DUO) Weighed On By Its Debt Load?
- David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
- 07/30/2020
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Fangdd Network Group (NYSE:DUO) Trading 4.2% Higher
- Shares of Fangdd Network Group Ltd. (NYSE:DUO) traded up 4.2% during trading on Tuesday . The company traded as high as $9.00 and last traded at $9.00, 68,200 shares traded hands during trading. A decline of 40% from the average session volume of 113,532 shares. The stock had previously closed at $8.64. A number of […]
- 07/22/2020
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Stocktake: Playing poker with the day traders
- Traders could have made a large return recently by betting on bankrupt stocks
- 06/30/2020
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Fangdd Network Group Ltd. (NYSE:DUO) Given Consensus Rating of “Hold” by Brokerages
- Shares of Fangdd Network Group Ltd. (NYSE:DUO) have received a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation. Brokerages have set a 12-month consensus price target of $9.27 for the company, according […]
- 06/29/2020
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Corporate Real Estate Brokers monopolizing real estate brokerage - Accommodation Times
- By AT Bureau Corporate Real Estate brokers which includes some capital market players, housing finance companies, Property listing portals as well as some big time share brokers have enrolled in MAHA RERA and registered as Real Estate Brokers. Few names of corporate broker includes : Centrum Wealth Management Limited Quikr Realty Limited ICICI Home Finance...
- 06/27/2020
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Une armée de nouveaux investisseurs en bourse
- Les jeunes investisseurs ont massivement envahi les marchés d'actions depuis le confinement aux Etats-Unis. L'application Robinhood et des influenceurs sur les réseaux sociaux sont plébisicités.
- 06/26/2020
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Urban One: Anatomy Of A Stock Bubble
- An influx of new retail investors and a resurgence of day trading is creating price bubbles in many small-cap stocks. This is a study of one such bubble, but it
- 06/24/2020
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NASDAQ: Two Days of New Highs and Eight Days of Green
- Stocks Analysis by Zacks Investment Research covering: Royal Dutch Shell PLC Class A, Apple Inc, Amazon.com Inc, TJX Companies Inc. Read Zacks Investment Research's latest article on Investing.com
- 06/24/2020
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Millenial Trading: negli USA tragedia per un ragazzo di 20 anni
- Panoramica Mercato di Sostrader (Pietro Di Lorenzo) riguardo: . Leggi la Panoramica di Mercato di Sostrader (Pietro Di Lorenzo) su Investing.com.
- 06/19/2020
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‘Cooped-up’ millennial traders have sparked a new pandemic — it won’t end well, warns Princeton economist
- Burton G. Malkiel shared his thoughts Wednesday on what he describes as “the day-trading pandemic.”
- 06/17/2020
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Billionaire investor says it will 'end in tears' for Robinhood traders
- 'They are just doing stupid things, and in my opinion, this will end in tears,' Cooperman told CNBC on Monday, referring to a flood of new retail investors into online brokers.
- 06/16/2020
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Just A Dip, Or Is The Rally Ending?
- Thursday's big drop seems to have burst the bubble of market optimism, at least for some traders. This week, Tom looks at the technical data to assess whether this is a dip to buy, or the beginning of a larger downward move.
- 06/14/2020
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Robinhood market made bursting bubbles Wall Street's obsession - BNN Bloomberg
- Get people to believe that other people will believe that a stock will go up, and fear-of-missing-out will take over.
- 06/13/2020
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Robinhood Market Made Bursting Bubbles Wall Street’s Obsession
- (Bloomberg) -- Tuesday afternoon, a smallish Chinese real-estate firm, ticker symbol DUO, went crazy on the Nasdaq. Out of the blue, in a vacuum of news, depositary receipts of the Shenzhen-based outfit shot up 13-fold, taking its market capitalization to $4 billion.Nobody had a definitive reason why. But people could guess. Its name: Fangdd Network Group Ltd., sounds like the acronym for that amalgamation of American megacaps, the “Faangs,” comprising Facebook Inc. and others. Those shares were rallying, and it was easy to believe people had gotten it into their heads that Fangdd could -- somehow -- move along with them.A lot of the stock market has this tinge of late. Get people to believe that other people will believe that a stock will go up, and fear-of-missing-out will take over. More than 15,000 retail clients of the Robinhood investing app added DUO to their account last week, a phalanx of day traders marching to war.Newly minted equity experts in chat rooms, enticed by ever-falling fees, empower themselves and push shares of companies with not much profit into the stratosphere -- sound familiar? Comparisons between today and the dot-com bubble write themselves, in the era of the Robinhood market. Whether this episode ends like that one has become an obsession of Wall Street.“Retail participation is at levels we haven’t seen in 20 years,” said Benn Eifert, managing partner of QVR Advisors. “In terms of the most dramatic rises in speculative behavior that’s generating many of the strangest outcomes in markets right now, it’s Robinhood-centric.”Everyone knows the dot-com bubble ended badly -- in a two-year bear market that cut the value of the U.S. equity market in half. Then again, it took years for warnings to come true that people would pay a price for blind speculation. The Nasdaq 100 doubled in 1999 -- fortunes were made for people who sold at the top. How many will pull that off this time is a question that haunts this and every speculative episode.Just because small-time investors are a presence doesn’t mean they’re wrong. To date -- even with Thursday’s walloping -- the lion’s share of their trades have been money makers. Stocks surging now are the ones that fell the most in February and March -- evidence to some observers of a healthy buy-low bent. And while expected earnings may not justify the moves, buying equities when the Federal Reserve has all but guaranteed rock-bottom interest rates through 2022 may be a perfectly logical decision.Asked if the Fed was inflating markets on Wednesday, Chairman Jerome Powell said the central bank’s focus is the economy, the labor market and inflation, rather than the movement of asset prices in any direction.“The Fed doesn’t believe, and shouldn’t believe, that it can forecast the stock market, and therefore recognize a bubble in real time,” said Princeton University economist Alan Blinder, a former Fed vice chairman, in a Bloomberg Television interview. “They’re pretty easy to recognize after the fact, after they burst. But, in real time, in a predictive way, pretty much impossible.”Also: it’s not like people never get punished for hitching on to rallying stocks. A day after jumping 395%, Fangdd Network gave about four-fifths of the gain back. And the whole market gave up $2 trillion of value when the S&P; 500 lurched almost 6% a day later.Still, by conventional measures, valuations are stretched, even after Thursday’s drop. The benchmark’s 12-month forward price-earnings ratio at 21.6 still ranks among the highest in two decades. Versus company sales, the Nasdaq Composite Index is trading around the most expensive levels since at least 2001. Then again, if the dot-com crash is the standard, prices would have to go significantly higher to match that episode.How crazy did it get this week? This is a market where a company with forecasts for almost no revenue jumped above a $30 billion market-cap partly because it used inventor Nikola Tesla’s first name as its own. Small Chinese firms that trade in the U.S. surged on no news, with percentage gains in the triple digits. Bankruptcy stocks are the flavor of the day, shares doubling left and right, with Hertz Global Holdings Inc. the poster child.Over three days, just weeks after filing for bankruptcy, Hertz surged 577%. The next session, the struggling car-rental company fell 39% in the first 15 minutes of trading, only to erase those gains and trade positive at one point in the day. By the end of the week, Hertz got approval from a bankruptcy judge to let it sell up to $1 billion of new shares that are potentially worthless. The stock jumped 37% Friday.Trading volume in Hertz shares has surged in June -- 63 times what was usual in 2019. The number of Robinhood users holding the stock has swelled to 160,000 -- that’s roughly 100,000 more than just a month ago, according to website Robintrack, which uses the brokerage’s data but isn’t affiliated with it. Near 140,000 Robinhood users now hold Nikola Corp, more than do Netflix Inc.“It is definitely a sign of a bubble,” said Matt Maley, chief market strategist for Miller Tabak. “That’s another sign of froth -- people deciding, ‘I just need to bet, therefore I’ll bet on anything.’ And even though they don’t know anything about the stock market, they’re betting on it now. You’ve also seen that pick up in the options market, which is obviously a lot more speculative than the regular market.”Retail money is taking a bigger share of volume. Small-account trades, those with $2,000 or less in investment, have increased to 2.3% of the total, up from 1.5% at the beginning of the year, data compiled by Goldman Sachs show. A similar trend showed up in the options market, with one-contract transactions surging to 13% from roughly 9%. They’re relentlessly bullish. The smallest of traders bought more than 14 million speculative call options in the week ended June 5, according to Sundial Capital Research. That’s a record, by far.Traders are taking to chatrooms to hype stocks and brag about their winnings, reminiscent of the late 20th century. Users of a Reddit forum called r/wallstreetbets, or r/WSB for short, have shown an astonishing capacity to move prices. Back in February, companies including Virgin Galactic Holdings Inc. and Plug Power Inc. went berserk after being mentioned on the board.In hindsight, maybe there was a bubble back then -- one that burst on Feb. 19. Shares of Virgin Galactic and Plug Power both peaked that day after eye-popping runs. So too did the S&P; 500, before the benchmark began its $10 trillion plunge. Four months and an equity round-trip later -- the Nasdaq 100 reaching 10,000 for the first time -- much of it has been re-inflated. Tuesday, a post on the r/WSB cited Sundial data showing small-trader call buying made up more than 50% of total volume in the week ended June 5, the most since 2000. “Good job,” it read.“We have Instagram influencers and now we have Reddit influencers,” QVR’s Eifert said. “They post a trade idea in an option, in a single name, and within an hour you see hundreds of thousands of call options placed, which is totally insane.”Andrew Adams, a strategist at Saut Strategy, says his anecdotal indicators are “flashing warning signs like crazy.” He spent the first part of the week trimming his positions. His friends and family who don’t normally follow the stock market have been asking him what to buy. His inbox has emails saying: “I’ve missed this move but now want to buy, what should I do?” People are cracking jokes about Wall Street legends who denounced the rally.“I even had one stock-market novice friend text me to say that he’s been making a lot of money buying call options since he’s been working from home lately and he’s wondering if he should just quit his job to trade for a living,” said Adams. “I’ve learned from past experience to be very careful when we start seeing stuff like that.”Back in the dot-com days, there was a belief that no matter a company’s profits or sales, someone would come along to scoop up shares at an ever higher price -- a “greater fool.” Online grocer Webvan Group Inc. spiked 66% in its first day of trading. When Drkoop.com Inc., an online consumer health-care network, went public, shares jumped 62% that first day. By 2001, both companies had failed.Today, TheGlobe.com Inc. trades for less than a penny, but back in its 1999 heyday, shares of the internet destination once surpassed $40. One day in April after announcing a stock split the stock surged 34% and more than 14 million shares changed hands, even though the company was still unprofitable.“In ‘99 you wanted to get the next trade for the next day and the next week. That’s a bit what it feels like here,” said Mark Wagner, director of investments at Campbell Wealth Management. “You’re just saying, how can I in the short-term make something from this? There’s similarities to it, but the pace of it seems to be much more intense and more broad-based now.”The buying stampede has whipped up price momentum to levels not seen in almost three decades. At Monday’s close, 224 members in the S&P; 500 had their 14-day relative strength index, or RSI, exceeding 70, a threshold considered by chartists as a sign of stocks running too far too fast. That’s the most since 1991.Companies hit hardest in the Covid crash, like airlines and cruise lines, are surging. Next to it all is robust retail buying. The 10 Russell 3000 stocks that saw their popularity rise most on the Robinhood investing app -- including American Airlines Group Inc. and Norwegian Cruise Line Holdings Ltd. -- rose an average of 93% in the month through Monday. Average daily volume for these stocks has occasionally been 30 times what it was in 2019.To Jim Bianco, president and founder of Bianco Research LLC, it all comes down to the Fed structuring the market so that everyone always wins.
- 06/13/2020
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The Madness Of Crowds - Asset Bubbles And Political Change Ahead
- Speculation is rife in penny stocks, enabled by the Fed, but the wisdom of crowds can also be deployed in politics
- 06/12/2020
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DUO Investor Alert: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Fangdd Network Group Ltd. and Encourages Investors to Contact the Firm
- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Fangdd Network Group Ltd. ("FangDD" or the "Company") (NASDAQ: DUO). Investors who purchased Fangdd securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/duo.
- 06/11/2020
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SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of FangDD Network Group Ltd. -DUO
- NEW YORK, June 10, 2020 -- Pomerantz LLP is investigating claims on behalf of investors of FangDD Network Group Ltd. (“FangDD” or the “Company”) (NASDAQ: DUO). Such investors.
- 06/10/2020
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I Smell Market Manipulation
- I'm not pointing a finger, but the trend I'm seeing here is companies based in China, trading on U.S. exchanges....
- 06/10/2020
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Why Did This Chinese Stock Quintuple Yesterday? | National Review
- Shares in Fangdd Network Group, an online real-estate services provider based in China, closed up nearly 400 percent yesterday.
- 06/10/2020
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A casino or stock market? Retail buying frenzy goes wild
- A raft of small cap stocks has soared by hundreds of millions of dollars in value in recent weeks as frenzied retail traders piled in to a blistering stocks rally. The reason cited widely on social media was a part of its name, FANGDD Network. "In my 20 years of experience I've never seen retail traders push stocks around like they're doing right now," said Dennis Dick, a trader with Bright Trading LLC. "When the retail rush comes into something, it can really move."
- 06/10/2020
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Fangdd Network Group Ltd. (DUO) Q1 2020 Earnings Call Transcript
- Ladies and gentlemen, thank you for standing by, and welcome to Fangdd Network Group Limited First Quarter 2020 Earnings Call. Fangdd announced its first quarter 2020 results today. Today, you will hear from our Chairman and Co-CEO, Mr. Duan Yi, who will start the call with a review of our progress and the current industry dynamics in the first quarter.
- 06/10/2020
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FangDD Reports First Quarter 2020 Unaudited Financial Results
- SHENZHEN, China, June 10, 2020 -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its.
- 06/10/2020
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FangDD States Its Policy Not to Comment on Unusual Market Activity or Speculative Matters
- SHENZHEN, China, June 10, 2020 -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or the “Company”) is a leading property technology company in China. In light of the.
- 06/10/2020
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Fangdd or FANG? China Real Estate Firm Adds 395% in Mystery Move
- (Bloomberg) -- Maybe it was another case of mistaken identity, or just Pavlovian enthusiasm on a day when the FANG stocks were powering up. Whatever the reason, a company called Fangdd just jumped fivefold without any news to explain it.Fangdd Network Group Ltd., a Shenzen, China-based real estate firm that trades in the U.S. under the ticker DUO, nearly quintupled on Tuesday, jumping 395% to close at $47.06 per American depository receipt after starting the day at $10.The stock touched as high as $129.04 -- an advance of more than 1,200% -- before prompting a trading halt that paused the stock for an hour. The momentum continued after the bell, lifting shares an additional 34%.It’s unclear what sparked the runaway rally, which occurred in a week that’s already seen high volatility chalked up to factors from retail investors bidding up bankrupt stocks to short covering or just a fear of missing out. The Fangdd move triggered at least 14 halts for volatility throughout the day. More than 200,000 shares traded hands, about 50 times its average volume in the first five months of the year.Meanwhile, a basket of FANG stocksthat includes Facebook, Apple, Netflix and Google parent Alphabet, added just 1.2% Tuesday.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.
- 06/09/2020
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U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 1.09%
- U.S. stocks mixed at close of trade; Dow Jones Industrial Average down 1.09%
- 06/09/2020
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FangDD to Announce First Quarter 2020 Financial Results on June 10, 2020
- SHENZHEN, China, June 08, 2020 -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced that it.
- 06/08/2020
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Real estate alert! What can restore buyer-seller trust? Modi government has the answer
- Right from coming to power in 2014, PM Narendra Modi-led government has a key focus on real estate as its one of the ambitious goals is 'Housing For All', and that's why the Modi government came up with Pradhan Mantri Awas Yojana and subsidy related to housing scheme.
- 05/19/2020
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Allison Quartuccio Achieves National Recognition
- One of your neighbors posted in Business. Click through to read what they have to say. (The views expressed in this post are the author’s own.)
- 05/17/2020
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New ways of thinking: NI's Guild members issue useful advice for property buyers and sellers at this time
- Just like in every other facet of life and business in lockdown, we are having to change the way we buy and sell property
- 05/07/2020
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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 2.21%
- U.S. stocks higher at close of trade; Dow Jones Industrial Average up 2.21%
- 04/29/2020
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FangDD Filed 2019 Annual Report On Form 20-F
- SHENZHEN, China, April 15, 2020 -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced that it.
- 04/16/2020
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FangDD Reports Fourth Quarter and Full Year 2019 Unaudited Financial Results
- SHENZHEN, China, March 31, 2020 -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its.
- 03/31/2020
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Earnings Scheduled For March 31, 2020
- Companies Reporting Before The Bell
McCormick & Company, Incorporated (NYSE: MKC) is estimated to report quarterly earnings at $1.04 per share on revenue of $1.23 billion....
- 03/31/2020
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FANGDD TO ANNOUNCE FOURTH QUARTER AND FULL YEAR 2019 FINANCIAL RESULTS ON MARCH 31, 2020
- SHENZHEN, China, March 27, 2020 -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced that it.
- 03/27/2020
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FangDD Announces New Management Positions to Optimize Organizational Structure
- As part of this initiative, the Company's board of directors has promoted Mr. Xi Zeng to co-Chief Executive Officer. As a co-Founder of the Company, Mr. Zeng served as FangDD’s director and Chief Operating Officer since 2011.
- 03/11/2020
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FangDD Announces Donation of Medical Equipment and Measures to Support Real Estate Agents Nationwide
- In addition, the Company implemented a series of measures to ensure a safe and efficient operating environment for real estate agents and customers on its platform. As a technology-enabled platform, the Company has always been committed to the development of an online real estate transaction process for agencies and agents. For this purpose, the Company launched online solutions to cover five key elements in the transaction process, including property listings, customer interactions, real estate agent services, transaction management services, and payment of transaction service fees.
- 03/06/2020
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14 Real Estate Stocks Moving In Monday's Session
- Gainers
• China HGS Real Estate, Inc. (NASDAQ:HGSH) stock increased by 6.9% to $0.59 during Monday's regular session.
• Innovative Industrial, Inc. (NYSE:IIPR) stock...
- 01/27/2020
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Fangdd Expands into Parking Space Transaction Services
- The Company has entered into agreements with Shenzhen Jinyiyun Supply Chain Technology Co., Ltd. (“Shenzhen Jinyiyun”) and relevant real estate agents on its platforms, pursuant to which the Company leverages the real estate agents on its platform to provide parking space transaction services for Shenzhen Jinyiyun.
- 12/31/2019
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FangDD Reports Third Quarter 2019 Unaudited Financial Results
- SHENZHEN, China, Dec. 05, 2019 -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its.
- 12/04/2019
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Fangdd to Announce Third Quarter 2019 Financial Results on December 4, 2019 Eastern Time
- SHENZHEN, China, Nov. 27, 2019 -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced that it.
- 11/27/2019
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Sky9 Capital Founding Partner Ron Cao Congratulates FangDD on its Successful NASDAQ Listing
- Sky9 Capital congratulates Yi Duan, the co-founder of China’s largest online real estate transaction platform FangDD, and his team on the company’s successful listing on the NASDAQ Stock Market today under the ticker: DUO. Founded in 2011, FangDD provides products and solutions for real estate agents in China through innovative utilization of mobile internet technology, cloud technology and big data. FangDD helps agents access key real estate resources including real estate inventory, clients, capital, and transaction data, which fundamentally changes the way agents work, enabling them to develop business online more efficiently and to expand the scope of their services.
- 11/01/2019
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FangDD Announces Pricing of Initial Public Offering
- SHENZHEN, China, Nov. 01, 2019 -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today announced that.
- 11/01/2019
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IPO Outlook For The Week: Chinese Media, Chinese Real Estate, Dry-Eye Therapy
- For a more comprehensive IPO calendar, check out the offering in Benzinga Cloud . The IPO dates below are expected but not confirmed. Leaping Group Co., Ltd. (NASDAQ: YZCM ) will issue 4 million shares ...
- 10/28/2019
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CREBAI discusses burning issues of Real Estate with Media - Accommodation Times
- By Accommodation Times News Services Confederation of Real Estate Brokers’ of India (CREBAI) a non profit making organisation of real estate brokers, organised a press conference recently to discuss some burning issues of Real Estate with press and media which needed kind attention. The three issues were: I. Real Estate Bill 2013 which is against...
- 02/02/2016
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