Pinduoduo – Buy

Posted on | by Leon Hinde

PDD:NAS is now under Algo Engine buy conditions. The company is China’s largest agriculture and interactive commerce platform.

Pinduoduo has surpassed Alibaba as China’s largest e-commerce company with 788 million active users according to its latest quarterly earnings report.

We expect buying interest to build above the $125 support level. Q121 earnings should show continued growth.

Snap – Earnings

Posted on | by Leon Hinde

SNAP:NYS is under Algo Engine buy conditions following the entry signal at $48 in late March.

The stock price jumped a further 7.5% in Friday’s session, after the company reported accelerating revenue growth and strong user numbers during the first quarter.

Q2 2021 Outlook

Revenue is estimated to be between $820 million and $840 million, compared to $454 million in Q2 2020.

Adjusted EBITDA is estimated to be between $(20) million and break-even, compared to $(96) million in Q2 2020.

Pinduoduo – Buy

Posted on | by Leon Hinde

PDD:NAS is now under Algo Engine buy conditions. The company is China’s largest agriculture and interactive commerce platform.

We expect buying interest to build above the $125 support level. Q121 earnings should show continued growth.