The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
JeremyP, the Dow has breached albeit rocketed previously dear chap or as yourself puts it reg over the pond "stocks flying"
You have a tendency to combine over the pond to over in the UK constantly on here
May i remind you that whilst the USA has soared the UK certainly aint has it JeremyP.
Very pleasing for my US funds it has been compared to the dire UK.
"Trading Statement for the period ending 3rd March 2024"
Not exactly flying into next week and seemingly being sold down
Will certainly knock on here
"Keep up the projecting and goalpost moving to try and reinforce your narrative. Its clear this is going nowhere and is still at the same price as 18 months ago - peep at the chart for once"
Blunt ,but factual to the letter
Both under in tandem uncannily.
Gonna take a lot to to get it back across imv.
Almost as if the market is giving it's red flag hint imv
Boo = plc is currently trading at 33.05 which is 6.5% below its 50 day moving average price of 35.36 and 4.9% below its 200 day moving average price of 34.77.
Asos = The stock's 50-day moving average is GBX 371.78 and its 200-day moving average is GBX 387.41.
Blimey that's very deep.
Nearly as deep your paper loss (cough)
"One last thing it's all gambling"
Another famous Buffet quote is it Kpa1?
Sums your psychology up I guess
Back in the world of facts =
Shares of boohoo group plc (LON:BOO – Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 34.65 ($0.44) and traded as low as GBX 33.01 ($0.42). boohoo group shares last traded at GBX 33.01 ($0.42), with a volume of 7,470,300 shares.
Odly JeremyP seems to not grasp this and leaves it out of his daily running commentary.
Balance and all eh I guess
Dear oh dear Tradey the stock is under its 200 day and breaching .
Balance lol
"Isnt that the 'centre of excellence' that they are currently closing down, having been caught relabelling items produced outside of the UK?"
Now that's balance for you 101!!
Completly agree Daytrade.
Https://www.theguardian.com/commentisfree/2024/mar/16/fast-fashion-french-bringing-shein-and-temu-to-heel-can-britain-follow-suit
"So now it is in London, knocking at the door of Jeremy Hunt, who, it appears, is delighted at the prospect of such a large bundle of money landing on the ailing London Stock Exchange. Do we think the UK government will stand up to this careless industry that has scant regard for human and environmental health? We can only hope"
Just look at the dosh Shein have to chuck at advertising of late as it's phenomenal ...Boo -who?
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TECH
Meta's continued rally could hinge on the fortunes of upstart retailers Temu and Shein
PUBLISHED WED, JAN 31 2024 1:16 PM EST
UPDATED SAT, FEB 3 2024 1:44 PM EST
Jonathan Vanian
@IN/JONATHAN-VANIAN-B704432/
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KEY POINTS
Temu and Shein, two online commerce companies that were headquartered in the China region, have been significant contributors to Meta's ad rebound.
Meta finance chief Susan Li said on the last earnings call in October that the company has "benefited from spend among advertisers in China reaching customers in other markets."
Should the companies pull back on their spending, Meta's growth rates could take a hit.
In this article
META
Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016.
Facebook founder and CEO Mark Zuckerberg meets Founder and Executive Chairman of Alibaba Group Jack Ma (not pictured), at the China Development Forum in Beijing, China, March 19, 2016.
Shu Zhang | Reuters
Like many Facebook and Instagram users, marketing veteran Victor Lee is inundated with ads from Chinese online retailer Temu when he opens one of his Meta apps.
Recently, he saw a promotion on his Instagram feed for a generic golf bag. Lee, a newbie golfer who's been shopping for equipment, was intrigued enough to click on the ad. He then landed on Temu's storefront.
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In this article
META
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And the snippet from the article as I'm not aware of a trade war between UK and China.???
It's going to happen
Excitement is already gathering over what could be one of the largest ever flotations in London, spurred by the belief that a decision to float here, rather than in the US, would 'happen with a bang', as one City figure puts it. The arrival of funky Shein (pronounced She-in) could shift the perception that our stock markets are a dowdy backwater. Obstacles stand in the way, however.
Although now Singapore-based, Shein still requires Beijing's blessings for its plans.
:Also it may not have abandoned its earlier ambition to go public in New York, hoping to overcome objections, some of which arise from the US and China trade war."
Asc also still heavily shorted.
Mindful that despite the bunting put out in here the shorters have been spot on to date and I fully expect further falls and asos the next due litmus test.
Comment of the day surely =
"Be nice to see Mahmoud et al put their hands in their pockets, for once, and purchase stock themselves, rather than keep up the radio silence of the last year or two.
Doesnt show much in the way of confidence to the wider markets having them sitting on their hands."
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ASOS, Boohoo facing downside as online-only retail under pressure - analysts
Published: 11:26 15 Mar 2024 EDT
Written by: Josh Lamb
Edited By: William Farrington
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ASOS PLC
LSE:ASC
ASOS bag
ASOS PLC (LSE:ASC) and Boohoo Group PLC (AIM:BOO) are both facing downside on the back of ever-increasing competition in the UK’s online fashion sector, analysts have said.
Coupled with a resurgence in high street shopping and ongoing cost of living pressures, each face tough outlooks, Shore Capital analysts said in a note on Friday.
“Like the rest of the UK online fashion market, ASOS is likely suffering tough competition from players such as Shein, a robust M&S and Next family assortment as well as second-hand disruptors like Vinted,” analysts wrote.
Alongside this, “the sector has been disrupted by the return of the high street post-pandemic,” analysts continued, with soaring inflation hitting younger people’s pockets in particular.
Attitudes toward fast fashion have also changed as consumers increasingly favour ethically sourced and environmentally friendly goods, Shore Cap said, adding further pressure.
Shore Cap cut forecasts for both as a result, with Boohoo expected to face a 15% decline in sales and ASOS suffering a 9.4% decline in revenue this year.
Both metrics should return to growth from 2025, analysts acknowledged, adding work needed to be done by the retailers, which each suffer from being solely online, before then.
“Frankly, ASOS and Boohoo have to demonstrate that they are in control of their own destinies [and] that they can achieve sequential improvement in financial performance,” the bank said.
A ‘sell’ rating was reiterated for ASOS, while Shore Cap kept a ‘hold' rating for Boohoo, adding it saw shares in each falling 15% and 4% respectively over the year.
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Managed by Google. Complies with IAB TCF. CMP ID: 300
And is certainly strange he doesn't get pro active and report it to FCA.
Probably has nothing but pure from thin air guess work to back up the claim of "manipulation" the truth be known
Spot on Cranshaw
Based on not wanting it to fall further as ever