Facebook | What’s Next?
In this video I review the weekly and daily chart of Facebook (FB) to see what’s next in the unfolding story of the social media giant.
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10 Curious Things About China
Much has been made about China’s makeover during the last 25 years. What has occurred there is fascinating. Here are 10 curious things:
- China is now the No. 2 economy in the world based on GDP.
- More people live in China than in any other country on the planet. The world population is 7.3 billion according to the U.S. Census Bureau and China has 19% of it at 1.373 billion.
- 688 million. That is the estimate for the number of internet users in China at the end of 2015 according to data from the China Internet Network Center. Let’s see, that’s about 50% of their population and more than twice the total number of people in the United States.
- The 3 Gorges Dam on the Yangtze River is the world’s largest power station in terms of installed capacity at 22,500 MW.
- China launched it first moon space mission on Dec. 2, 2013 and China’s Yutu rover is currently exploring the moon’s surface.
Teasing the Bears
The market pulled back on all the indices today. It’s almost as if it is teasing the bears. It has done this stair stepping process higher for several weeks now.
But there may something a little different this time and I discuss it in tonight’s video. I also briefly look at Michael Kors (KORS) which was up 8%, Mosaic (MOS) which was down 8% and Netflix (NFLX) which was up 4% today.
After the market closed, Facebook (FB) reported earnings and the stock was up about 3%. FireEye (FEYE) on the other hand was trading down 14% along with Whole Foods Market (WFM) trading down 6% in after hours trading. Continue reading