collected by :Haron Adler
As it stated in At the time of the breakout, the stock's P-E ratio was 194. The P-E ratio of the Dow Jones industrial average was 22.3. Point of sale software provider Square (SQ) had a P-E ratio of 119 when the stock broke out in September 2017. Ignore The P-E RatioOftentimes an IBD style investor won't even check the P-E ratio when buying a stock. Ignoring the P-E ratio can benefit investors.
As it stated in At the time of the breakout, the stock's P-E ratio was 194. The P-E ratio of the Dow Jones industrial average was 22.3. Point of sale software provider Square (SQ) had a P-E ratio of 119 when the stock broke out in September 2017. Ignore The P-E RatioOftentimes an IBD style investor won't even check the P-E ratio when buying a stock. Ignoring the P-E ratio can benefit investors.
What Happened in the Stock Market Today
Online sales increased double digits, and gross margin improved from 38.3% last year to 39%. Tencent rides growth in gaming, online servicesChinese online giant Tencent announced strong first-quarter revenue and profit growth that easily beat expectations, and the stock bounced 6.8%. Revenue jumped 48% to 73.5 billion yuan ($11.7 billion), well ahead of expectations of roughly 71 billion yuan. Net profit increased 61% to 23.3 billion yuan ($3.7 billion), while analysts were expecting only 17.5 billion yuan. "We drove adoption of our infrastructure services, seeing notable progress in areas such as mobile payment, cloud services, online financial services, and smart retail."Stock Market News For May 16, 2018
as mentioned in This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.Once A Stock Market Darling, BYD Now Bears Brunt Of China's Changing Electric Vehicle Regulations
Fueled by large consumer and manufacturer subsidies, China has emerged as the global leader in electric vehicles (EVs) by a wide margin. Buffett and BYD, which stands for "Build Your Dreams," are clearly dreaming about the large and rapidly growing market in China for electric vehicles. BYD makes both electric passenger cars and buses and has a reported 31% of China's EV market. (China's EV Playbook" is a term that Bernstein, a well-regarded Wall Street research firm, has coined to describe China's strategy with respect to EVs.) Despite erratic sales and profitability, BYD has been a stock market darling due to China's strong support for EVs and Buffett's endorsement.
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