LOVE THIS CO MIGHT BE TIME TO LOOK AGAIN> WillScot Mobile Mini expands portfolio, acquires Cold Box, A&M Cold Storage 08:21 WSC
IS IT JUST THE NAME? WHY DO I WAN THIS? Datadog price target raised to $95 from $90 at Canaccord » 08:00 DDOG
PDD Holdings Inc. (PDD) NasdaqGS - NasdaqGS Real Time Price. 83.48-0.24(-0.29%) At close: August 9 04:00PM EDT 86.35+2.87(+3.44%)<----------- PINGING OFF BABA!!!!!! Pre-Market:09:17AM EDT BADA- BING!
TECHNOLOGY Temu Shopping App Gets Wall Street's Attention; Will Amazon Prime Members Stay Loyal? Licensing 04:06 PM ET 08/08/2023 Shopping app Temu is taking off in the U.S., a development being monitored by Wall Street analysts that followAmazon.com(AMZN). It's too early, though, to gauge how big a threat Temu could be to AMZN stock, as it also faces fresh competition from TikTok's new U.S. e-commerce business. X Temu is a subsidiary ofPDD Holdings(PDD). Both Temu and video-sharing website TikTok's new e-commerce business source most goods from China. "Temu has rapidly gained in popularity in the U.S.," Goldman Sachs internet analyst Eric Sheridan said in a recent note to clients. "In our view, Temu's rise in popularity comes at a time when the U.S. consumer is more susceptible to trade-down behavior (as discretionary budgets are pressured), which incrementally favors the company's low-price positioning," he went on to say. Temu App Downloads Boom Sheridan added that higher income households that are members of the Amazon Prime loyalty/rewards program may be less likely to switch to Temu. "That said, the rise of Temu does put upward pressure on competitive intensity for the sector and we expect that investors will continue to closely monitor the company's evolution in the quarters ahead," Sheridan added. AMZN stock dipped 1.6% to close at 139.94 on thestock market today. A Baird report on Aug. 2 noted that Temu trailed onlyMeta Platforms' (META) new Twitter-rival "Threads" in download momentum the previous four weeks. According to Goldman Sachs, the Temu app has been downloaded 70 million times in the U.S. It also has been downloaded 120 million times worldwide as of June 30. "Temu's growth strategy is based on price leadership and value for money (similar to PDD's strategy in China with Pinduoduo)," said Sheridan.
It's $44.60 now. ANOTHER GREAT CALL. See Stoney.... you have to know how to read the pre-market action. And know what to look for.
IT'S WEIRD AT 8:00 AM THE FUTURES ON THE S&P AND DOW BOTH FLASH CRASHED AND CAME RIGHT BACK... INDICATIVE OF SOMETHING.....