Chinese social-media and gaming giant Tencent Holdings said Thursday it would reduce its stake in JD.com to a little over 2% from the current 17%.and distribute $16.4 billion in JD stock as a dividend to shareholders. JD.com (JD) shares fell by more than 7% Thursday. Tencent (TCEHY) shares were up 4% on the news, though is down nearly 40% since its January high. The move follows technology stocks in China being under pressure because of uncertainty surrounding a regulatory crackdown … Continue reading “Tencent Cashes Out $16.4 Billion Stake in JD.com”
Worst 10 Stocks in Nasdaq 100 for 2018, Can They Recover?
The Nasdaq bias of biotechs and technology stocks where risk reward is high is great when they go up but with failure there are many busts along the way. The Nasdaq-100 ended down 3.9% for the year after being at record highs.