3 Opportunities Brought By Archegos Capital's Liquidations
Summary
- Tencent Music, iQIYI and Youdao have declined by 35%, 40% and 13% since March 23, respectively.
- Archegos Capital is the main reason for these stocks' dramatic downfalls.
- Affected companies still remain in leading positions, with solid fundamentals in each sector.
- Potential high yield reward and low risks come with a precise timing to buy these stocks at low prices.
Analyst’s Disclosure:I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.