Stocks making the biggest moves after hours: Match Group, WW International, Plantronics and more

Shares of Match Group tanked 16% after the company topped third-quarter earnings expectations and matched revenue estimates at $541 million, though reported disappointing fourth-quarter revenue guidance. The parent company of dating apps like Tinder and OkCupid posted earnings of 51 cents per share, exceeding the 42 cents per share Wall Street forecast, according to Refinitiv consensus estimates. Good to read to understand the US Market

Asia Junk Debt Demand Soars by Most This Year on Trade Bets

Investors are gorging on riskier dollar bonds in Asia amid a resurgent appetite for risk as U.S. and China inch closer to a trade deal. Orders for junk dollar notes in the region outside Japan surged to 5.5 times their issuance sizes in October, the highest month this year, according to Bloomberg-compiled data. Progress on the trade talks has sent bond spreads sliding as much as 20 basis points from their recent peak in September. Bank of Singapore Ltd. sees no let up in demand anytime soon. Be ready for good rally

PSEI TECHNICAL CHART

KEY POINTS

  • There could some profit taking today
  • Overall the market looks bullish after the US Market rallies
  • More upside expected
  • Always keep a diverse portfolio as taught in the class

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Article by: Ashok – Strategic Coach & Mentor – Philippine Stocks

 

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