Tech Review: 1) Collapsing Chinese Tech Stocks, 2) Tesla Turbulence

Tech Review (TR 2018-08-18)--Domain Mondo's weekly review of tech investing news with commentary, analysis and opinion: Features • 1) Tencent & Other Collapsing Chinese Tech Stocks, 2) Tesla $TSLA Turbulence, 3) Investing: The Week, Investing Notes, 4) ICYMI Tech News: Facebook, What's Next and more.

1) Tencent & Other Collapsing Chinese Tech Stocks 
Falls from recent highs in 2018 as of August 15, 2018:

• Tencent -27%  HK: 0700
• Alibaba Group -21% NYSE: BABA
• Baidu -23% NASDAQ: BIDU
• Xiaomi -23% HK: 1810
• HUYA -45% NYSE: HUYA

Aspects of Tencent stock fall 'attributed' to power politics in China

CNBC Life video published Aug 16, 2018: Gavin Parry, managing director at Parry Global Group (parry-group.com), discusses Tencent's latest surprising earnings report.

See also:

• Tencent Holdings Q2 2018 Earnings, LIVE Webcast, Aug 15, 8am EDT

• China’s central bank says e-commerce firms face profit squeeze and greater competition--chinaeconomicsreview.com.

• Alibaba $BABA: "In the best-case scenario, Alibaba is the goofiest, most convoluted, opaque, mismanaged accounting mess and business structure in history"--deep-throat-ipo.blogspot.com. See the Form 20-F.

• Asian gaming stocks tumble as China halts license approvals | reuters.com.

2) Tesla $TSLA Turbulence

$TSLA

Elon Musk Details ‘Excruciating’ Personal Toll of Tesla Turmoil | NYTimes.com 16 Aug 2018.

Tesla shares are getting slammed after Elon Musk's off-kilter interview with the NYT | CNBC.com 17 Aug 2018.

Elon Musk's 2018: Tesla, Flamethrowers and Lots of Tweets

Wall Street Journal (wsj.com) video above published Aug 15, 2018: Elon Musk's market-moving tweet about possibly taking Tesla private is just the latest erratic move in a tumultuous year for the CEO. See also: Tesla Is Said to Be Subpoenaed by S.E.C. Over Elon Musk Tweet | NYTimes.com 15 Aug 2018.

3) Investing

The Week: Dow, S&P 500 end the day and week higher buttressed by optimism over China-U.S. trade talks | MarketWatch.com.

Week ending 17 Aug 2018: NASDAQ Composite -0.3% | S&P 500 Index +0.6% | DJIA +1.4%

Wall Street's Charging Bull

Investing Notes: A Squeeze Is On

a. Grand Collapse in Turkey; to avoid the same fate, Argentina hikes rate to 45% | WolfStreet.com.

b. Rise of US Dollar Haunts Emerging Market Debt | WolfStreet.com 14 Aug 2018.

c. Tech still all the rage while bears prowl emerging markets: BAML survey | reuters.com.

d. Chinese banks’ bad loans grow at record pace in second quarter | chinaeconomicreview.com.

4) ICYMI Tech News:

Facebook: what's next?

FT.com video above published 16 Aug 2018: After Facebook's share price $FB plunge, what's next for the social network? The FT's Hannah Kuchler posts from shareholder, advertiser and user perspectives.

• Nvidia $NVDA Q2 FY19 Earnings, LIVE Webcast August 16, 5:30pm EDT: Nvidia says cryptocurrency-specific Q2 revenue was $18M, below its $100M estimate, down from $289M in Q1, projects no cryptocurrency contributions going forward.

• AI & Fintech: how artificial intelligence is transforming financial services--weforum.org.

• Walmart $WMT: World’s biggest retailer’s growth fueled by grocery business, boosts outlook for comparable sales, adjusted profit--Walmart Bounces Back With Best Sales in More Than a Decade | Bloomberg.com. See also: Walmart’s Ragtag Alliance Against Amazon--a plucky band of tech companies, icluding Google, Microsoft and JD.com--over a shared fear of Jeff Bezos--bloomberg.com.

• Chinese hackers targeted U.S. firms, government after trade mission: researchers | reuters.com.

-- John Poole, Editor, Domain Mondo  

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