Cavco Industries executive sells $535,340 in stock
Alibaba Group Holding Ltd BABA BABAF and PDD Holdings Inc PDD were once the shining stars of China's e-commerce universe, but recent performance metrics suggest they're caught in a gravitational pull downward . Let's dive into the tale of two stocks that seem to be competing for the title of ‘most bearish trend.’ Alibaba: The Resilient Underdog? Alibaba's stock, at $86.73, has weathered a mix of optimism and anxiety. It's up 12.12% over the past year, but the last month saw a sharp 13.01% decline. Chart created using Benzinga Pro Technically, the stock screams ‘bearish’ as it lingers below key moving averages, including its 20-day and 50-day simple moving averages (SMAs). Yet, with its eight-day SMA at $86.18 and 200-day SMA at $82.52, there's a faint glimmer of hope—potential buyers might find solace in its nearly oversold RSI of 38.51. Investor sentiment remains tepid, but big names like Soros Capital Management and Bridgewater Associates are quietly building stakes. Is Alibaba the beaten-down stock that contrarians love to bet on? Maybe, but upcoming U.S. tariffs could spoil the progress. Read Also: Alibaba Reshapes E-Commerce Operations, Names Jiang Fan as Unit CEO PDD Holdings: The High-Flyer Turned Free-Faller PDD's stock paints a darker picture. After a blistering run with Temu 's U.S. expansion, the company now faces an aggressive sell-off. Down 33.22% over six months and 20.52% in the past month, it seems Wall Street is questioning the sustainability of Temu's discount-driven strategy. Chart created using Benzinga Pro Technical indicators are grim, with the MACD at a negative 6.18 and an RSI of 28.79 signaling oversold territory. Even institutional love, like Fisher Asset Management upping its stake, hasn't stopped analysts from jumping ship. JPMorgan downgraded PDD to neutral with a slashed price target of $105, while Benchmark trimmed its target to $160 from $185. Meanwhile, fears over regulatory risks and national security concerns tied to Temu only add to the bearish momentum. The Verdict: Avoid Or Opportunistic Entry? Both stocks are under pressure, but PDD's steeper declines and bearish outlook suggest it's in a riskier position. Alibaba, with its diversified revenue streams and slightly less dramatic drop, might hold more appeal for the brave. Still, with Trump-era tariffs looming, both stocks might have more turbulence ahead. For now, it's about ‘who's losing less badly,’ and neither is doing well. Read Next: The Fall of Ant Group’s IPO: Alibaba’s Missteps, Legal Battles, and a $433.5M Settlement © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Biden administration proposes new cybersecurity rules to limit impact of healthcare data leaks
The Switch To Renewable Energy In The US Faces Numerous ChallengesKyrie Irving scored 23 points and the Dallas Mavericks improved to 4-1 this season without superstar Luka Doncic, beating the New York Knicks 129-114 on Wednesday night. Jalen Brunson tied his season high with 37 points for New York in his second game in Dallas against his former team. Karl-Anthony Towns had 25 points and 14 rebounds, but OG Anunoby was limited to eight points on 3-of-15 shooting two nights after getting a career-high 40. Doncic missed his fourth consecutive game with a sprained right wrist, and the defending Western Conference champions were without two other starters in Klay Thompson (plantar fascia) and Daniel Gafford (illness). Dallas' Naji Marshall scored 24 points, Spencer Dinwiddie added 21 and P.J. Washington had 19 points and 10 rebounds.
Star-studded performances to mark music fest finaleIn the aftermath of US Vice President Kamala Harris 's defeat to US President- elect Donald Trump in the recent US Presidential elections; numerous factors are being analyzed to understand the loss. According to CNN, several supporters are eventually grappling with the implications of Donald Trump's victory, specifically given that he won less than half of the popular vote but secured all swing states. CNN reported that prominent figures like Rev. William J. Barber II placed an argument that both racism and sexism played significant roles in the US Presidential election outcome alongside economic concerns that resonate with the working-class voters. Also Read : Billboard ranks Taylor Swift as the No. 2 greatest pop star of the 21st century, who will be No. 1? This singer's name is doing the rounds Rev. William J. Barber II, who is a leading voice for the poor and working-class US citizens emphasized on the fact that political engagement is crucial for Democrats to reclaim support from disillusioned voters, asserted CNN. He also highlighted that many low-wage individuals actually felt ignored by both major parties which actually lead to lower voter turnout. The insights of Rev. William J. Barber II suggest that Democrats need to adopt a ‘fusion politics’ approach while uniting diverse groups to address systemic issues like poverty and inequality, noted CNN. 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Numerous critics noted that her focus on attacking Donald Trump did not resonate with voters seeking concrete solutions to their struggles. FAQs: What was the recent argument placed by Rev. William J. Barber II regarding the outcome of the recent US Presidential Elections? Rev. William J. Barber II placed an argument that both racism and sexism played significant roles in the US Presidential election outcome alongside economic concerns that resonate with the working-class voters. According to Rev. William J. Barber II what is actually essential for the Democratic Party to reclaim support from the disillusioned voters? Rev. William J. Barber II, who is a leading voice for the poor and working-class US citizens emphasized on the fact that political engagement is crucial for Democrats to reclaim support from disillusioned voters. (You can now subscribe to our Economic Times WhatsApp channel )The vice-president of the Waceya Métis Society is publicly questioning Liberal candidate Madison Fleischer’s claimed Métis identity. Callum Robinson, VP for Waceya, whose office is located in Cloverdale, issued a that said the society was “disappointed” Fleischer was unable to “provide any evidence to substantiate her Métis heritage.” Fleischer is running as the Liberal Party candidate in the upcoming byelection for the riding of Cloverdale-Langley City. Fleischer has identified, publicly, as Métis. According to the statement, at a meeting held Nov. 23, Fleischer “was unable to substantiate her claims with any documentation or historical connections to Métis communities.” Robinson told the , “there were many inconsistencies in her story.” These included: “claimed correspondence with our president, which didn't exist; and “stated her great-grandmother from North Dakota as proof of Métis heritage.” He said the society is "distancing" itself from her claims of Métis identity. “We ask that (Fleischer) take the necessary steps to properly research and verify her Indigenous heritage before making any further public assertions," the statement continues. "The integrity of Métis identity is not to be taken lightly, especially in public office, where the representation of our community must be accurate, respectful, and legitimate.” In an emailed statement to the , Fleischer said she self-identifies as Métis because of what she knows about her great-grandmother’s heritage. “I am currently collecting the necessary documentation to go through the application process to receive Métis Nation British Columbia (MNBC) citizenship,” she wrote. “I have always been vocal about not yet holding MNBC citizenship, and I removed Métis from my social media bios to ensure there was no confusion in my identification.”
Gaetz withdraws as Trump's pick for attorney general, averting confirmation battle in the Senate WASHINGTON (AP) — Matt Gaetz has withdrawn as Donald Trump’s pick for attorney general following scrutiny over a federal sex trafficking investigation. The Florida Republican made the announcement Thursday. Gaetz’s withdrawal is a blow to Trump’s push to install steadfast loyalists in his incoming administration and the first sign that Trump could face resistance from members of his own party. Trump said in a social media post that Gaetz “did not want to be a distraction for the Administration.” Gaetz said “it is clear that my confirmation was unfairly becoming a distraction to the critical work" of the transition team. He added, “There is no time to waste on a needlessly protracted Washington scuffle.” Javascript is required for you to be able to read premium content. Please enable it in your browser settings. Get any of our free email newsletters — news headlines, obituaries, sports, and more.The United States Postal Service might have found a way to unite a nation bitterly divided after this month's election: It will release a Betty White stamp. The beloved actor known for roles in "The Golden Girls," "The Mary Tyler Moore Show," "Boston Legal" and others will be on a 2025 Forever stamp, USPS announced this past week. White died in late December 2021 , less than three weeks before her 100th birthday. The Postal Service hasn't announced a release date for the stamp. Betty White speaks Sept. 17, 2018, at the 70th Primetime Emmy Awards at the Microsoft Theater in Los Angeles. “An icon of American television, Betty White (1922–2021) shared her wit and warmth with viewers for seven decades,” the Postal Service said in announcing the stamp, which depicts a smiling White based on a 2010 photograph by celebrity photographer Kwaku Alston . “The comedic actor, who gained younger generations of fans as she entered her 90s, was also revered as a compassionate advocate for animals.” People are also reading... Boston-based artist Dale Stephanos created the digital illustration from Alston's photo. "I'd love to send a letter back to my 18-year-old self with this stamp on it and tell him that everything is going to be OK," Stephanos posted on Facebook . USPS wants stamp prices to rise 5 times over the next 3 years Regardless of personal politics, self-proclaimed supporters of Republican President-elect Donald Trump and Democratic Vice President Kamala Harris reacted with delight on social media. "Betty White was my hero, all of my life! I actually had a doll when I was a little girl I named Betty White," one Trump supporter posted on X , formerly Twitter. “Something to make this awful week a little better: We’re getting a Betty White stamp,” a pro-Harris X account posted. White combined a wholesome image with a flare for bawdy jokes . Her television career began in the early 1950s and exploded as she aged. “The only SNL host I ever saw get a standing ovation at the after party," Seth Meyers posted on Twitter after her death. "A party at which she ordered a vodka and a hotdog and stayed til the bitter end.” Photos: Remembering Betty White (1922-2021) Allen Ludden and his wife Betty White, who love to play games, continue a two year gin rummy battle in which she's ahead by a cumulative 6,000 points in Westchester, N.Y. on April 29, 1965. They do it professionally on TV. He's the master of ceremonies on "Password," and she makes frequent guest appearances on game shows. They play games to relax at home. (AP Photo/Bob Wands) Allen Ludden and his wife Betty White admire magnolia blossoms on the lawn of their country home in Westchester, N.Y. on May 14, 1965. (AP Photo/Bob Wands) Actress Betty White in 1965. (AP Photo) Betty White shares a moment backstage at the 28th annual Emmy Awards with Ted Knight after they each won an Emmy for their supporting roles in "The Mary Tyler Moore Show." On the series Miss White played Sue Ann Nivens while Knight played newscaster Ted Baxter. (AP Photo/Reed Saxon) LOS ANGELES, CA - MAY 17, 1976: (L-R) "The Mary Tyler Moore Show" co-stars - Ed Asner, Betty White, Mary Tyler Moore and Ted Knight - all won awards at the Academy of Television Arts & Sciences 28th Annual Primetime Emmy Awards held at the Shubert Theatre on May 17, 1976 in Los Angeles, California. (Photo by TVA/PictureGroup/Invision for the Academy of Television Arts & Sciences/AP Images) Actress Betty White with Ted Knight at the Emmy Awards in Los Angeles, Sept. 13, 1981. (AP Photo/Randy Rasmussen) Betty White and Anson Williams don't seem to faze Buckeye, a St. Bernard, during an awards ceremony during which Williams was honored by the Los Angeles Society for the Prevention of Cruelty to Animals as a friend and lover of animals. Ms. White presented a humanitarian plaque to Williams at the event, which was held in Hollywood, California, Friday, May 1, 1982. (AP Photo/Marc Karody) Actress Betty White with actor John Hillerman arriving at Emmy Awards, Sept. 22, 1985 in Pasadena, California. (AP Photo/LIU) Actresses Betty White Ludden, left, and Mary Tyler Moore, right, smile at each other in Los Angeles, Friday, June 22, 1985 during Annual Meeting of Morris Animal Foundation, at which Ludden announced her retirement as President of the animal health group, held at the Sheraton Universal Hotel in Los Angeles. (AP Photo/Nick Ut) These four veteran actresses from the television series "The Golden Girls" shown during a break in taping Dec. 25, 1985 in Hollywood. From left are, Estelle Getty, Rue McClanahan, Bea Arthur and Betty White. (AP Photo/Nick Ut) Actress Betty White poses in Los Angeles, Ca. in June, 1986. (AP Photo/Reed Saxon) Betty White stands backstage at the NBC TV Bob Hope "I Love Lucy" special on Sept. 16, 1989. (AP Photo/Djansezian) Michael J. Fox and Betty White, winners of Emmys for best actor and actress in a comedy series, stand backstage at the Pasadena Civic Auditorium in Pasadena, California, Sunday, Sept. 21, 1986 after receiving their honors. (AP Photo/Douglas C. Pizac) Comedienne Betty White places her hand on the star that was presented posthumously to her husband, Allen Ludden, during ceremonies inducting him into the Hollywood Walk of Fame in Hollywood, Los Angeles, Thursday, March 31, 1988. Ludden was honored with the 1,868th star of the famed walkway — between those of White and Tyrone Power. (AP Photo/Nick Ut) Estelle Getty, who plays Sophia, poses with her new husband, who plays Max, and the other "Golden Girls" after taping of episode on Friday, night, Nov. 5,1988 in Hollywood. Left to right are Rue McCLanahan (Blanche), Getty, Gilford, Bea Arthur (Dorothy) and Betty White. (AP Photo/Ira Mark Gostin) Former cast members of the Mary Tyler Moore Show, sans Mary Tyler Moore, are reunited for the Museum of Television and Radio's 9th annual Television Festival in Los Angeles Saturday, March 21, 1992. From left are Gavin MacLeod, Valerie Harper, Cloris Leachman, Betty White and Ed Asner. (AP Photo/Craig Fujii) Actress Betty White, left, writer/producer David E. Kelley, actress Bridget Fonda, and actor Oliver Platt pose at the premiere of their movie "Lake Placid," Wednesday night, July 14, 1999, in Los Angeles. (AP Photo/Mark J. Terrill) Betty White, from "Golden Girls," and Mr. T, Lawrence Tureaud, from "The A Team," pose for photographers at NBC's 75th Anniversary Party, Wednesday, Jan. 9, 2002, in the Hollywood section of Los Angeles. (AP Photo/Rene Macura) Actors Betty White, left, Georgia Engel, second left, Gavin MacLeod, center, Valerie Harper, second right, and John Amos pose for photographers during arrivals at CBS's 75th anniversary celebration Sunday, Nov. 2, 2003, in New York. (AP Photo/Louis Lanzano) Actress Betty White laughs as an African eagle roosts overhead at the Los Angeles Zoo Monday, Feb. 20, 2006, in Los Angeles, where White was honored as Ambassador to the Animals by the city for her decades of dedication to the humane treatment of animals. (AP Photo/Nick Ut) Betty White poses for photographers on the red carpet before Comedy Central's "Roast of William Shatner," Sunday, Aug. 13, 2006, in Los Angeles. (AP Photo/Rene Macura) Betty White arrives at the 34th Annual Daytime Emmy Awards in Los Angeles, on Friday, June 15, 2007. (AP Photo/Mark J. Terrill) Beatrice Arthur, left, Betty White, center, and Rue McClanahan, of the Golden Girls, arrive at the TV Land Awards on Sunday June 8, 2008 in Santa Monica, Calif. (AP Photo/Matt Sayles) Actor Henry Winkler, center, is seen Beatrice Arthur, right, and Betty White at the TV Land Awards on Sunday June 8, 2008 in Santa Monica, Calif. (AP Photo/Matt Sayles) In this Nov. 24, 2009 file photo, actress Betty White poses for a portrait following her appearance on the television talk show "In the House," in Burbank, Calif. (AP Photo/Chris Pizzello, File) Actress Betty White poses for a portrait on the set of the television show "Hot in Cleveland" in Studio City section of Los Angeles on Wednesday, June 9, 2010. (AP Photo/Matt Sayles) Actress Betty White is seen on stage at the Teen Choice Awards on Sunday, Aug. 8, 2010 in Universal City, Calif. (AP Photo/Matt Sayles) Betty White, a cast member in "You Again," poses with fans holding Betty White masks at the premiere of the film in Los Angeles, Wednesday, Sept. 22, 2010. (AP Photo/Chris Pizzello) Actress Betty White wears a U.S. Forest Ranger hat after being named an Honorary Forest Ranger by the US Forest Service, at the Kennedy Center in Washington Washington, Tuesday, Nov. 9, 2010. White has stated in numerous interviews that her first ambition as a young girl was "to become a forest ranger, but they didn't allow women to do that back then". (AP Photo/Cliff Owen) Betty White, left, Bradley Cooper and Scarlett Johansson arrive at the MTV Movie Awards in Universal City, Calif., on Sunday, June 6, 2010. (AP Photo/Matt Sayles) Betty White, left, Kristen Bell, center, and Jamie Lee Curtis, cast members in "You Again," pose together at the premiere of the film in Los Angeles, Wednesday, Sept. 22, 2010. (AP Photo/Chris Pizzello) Betty White, left, accepts the Life Achievement Award from Sandra Bullock at the 16th Annual Screen Actors Guild Awards on Saturday, Jan. 23, 2010, in Los Angeles. (AP Photo/Mark J. Terrill) From left, actresses Betty White, Wendie Malick, Valerie Bertinelli, and Jane Leeves pose for a portrait on the set of the television show "Hot in Cleveland" in Studio City section of Los Angeles on Wednesday, June 9, 2010. (AP Photo/Matt Sayles) Alec Baldwin, left, and Betty White are seen on stage at the 17th Annual Screen Actors Guild Awards on Sunday, Jan. 30, 2011 in Los Angeles. (AP Photo/Mark J. Terrill) Betty White attends a book signing for her book 'If You Ask Me (And Of Course You Won't)' at Barnes & Noble in New York, Friday, May 6, 2011. (AP Photo/Charles Sykes) Actress Betty White attends a press conference prior to the taping of "Betty White's 90th Birthday: A Tribute To America's Golden Girl" on Sunday, Jan. 8, 2012 in Los Angeles. (AP Photo/Vince Bucci) Actress Betty White arrives on a white pony as she is honored at a Friars Club Roast sponsored by Godiva, Wednesday, May 16, 2012 at the Sheraton Hotel in New York. (AP Photo/Starpix, Marion Curtis) Betty White, at left, attends her wax figure unveiling at Madame Tussauds on Monday, June 4, 2012 in Los Angeles. (Photo by Katy Winn/Invision/AP) From left, Sgt. 1st Class Chuck Shuck, Actress Betty White and The 2012 American Hero Dog Gabe pose during 2012 American Humane Association Hero Dog Awards held at the Beverly Hilton Hotel on Saturday, Oct. 6, 2012, in Los Angeles, Calif. (Photo by Ryan Miller/Invision/AP) Betty White and Cloris Leachman onstage at the 24th Annual GLAAD Media Awards at the JW Marriott on Saturday, April 20, 2013 in Los Angeles. (Photo by Todd Williamson/Invision/AP) Ellen DeGeneres, left, presents Betty White with the award for favorite TV icon at the People's Choice Awards at the Nokia Theatre on Wednesday, Jan. 7, 2015, in Los Angeles. (Photo by Chris Pizzello/Invision/AP) Betty White, left, speaks at the 70th Primetime Emmy Awards on Monday, Sept. 17, 2018, at the Microsoft Theater in Los Angeles. Looking on from right are Alec Baldwin and Kate McKinnon. (Photo by Chris Pizzello/Invision/AP) Stay up-to-date on what's happening Receive the latest in local entertainment news in your inbox weekly!
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