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Tencent Music Entertainment Group (TME)

NYSE - NYSE Delayed Price. Currency in USD
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6.66-0.53 (-7.37%)
At close: 04:00PM EST
6.75 +0.09 (+1.35%)
After hours: 07:56PM EST
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Bullishpattern detected
Engulfing Line (Bullish)

Engulfing Line (Bullish)

Previous Close7.19
Open7.28
Bid0.00 x 21500
Ask0.00 x 1400
Day's Range6.65 - 7.35
52 Week Range6.65 - 32.25
Volume14,012,479
Avg. Volume13,190,963
Market Cap11.273B
Beta (5Y Monthly)1.11
PE Ratio (TTM)19.36
EPS (TTM)0.34
Earnings DateNov 08, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est12.46
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
74% Est. Return

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    Daily Spotlight: Jobs Data Due FridayThe Labor Department's nonfarm payrolls report for November will be released on Friday, December 3. This report is always eagerly awaited by investors as it provides the first -- and most important -- view of the previous month's economic activity. Last month, hiring started to pick up after a summer lull attributed to the spread of the Delta variant. In October, the economy generated 531,000 jobs, up from 312,000 in September, and 483,000 in August. We expect a further pickup in jobs growth in November, due in part to lower levels of COVID-19 cases. Our forecast calls for 550,000 new positions created and is based, in part, on the trends in weekly unemployment claims -- which have been trending lower and are now below pre-pandemic levels (199,000 last week versus 225,500 in March 2020). We look for the unemployment rate to tick higher to 4.8%, with more workers re-entering the workforce as vaccination rates rise (69% 12-and-older in the U.S.). The current labor force participation rate of 61.6% is far below the historical average of 65.1% and also below the post-Great Recession average of 63.4%. Despite our expectation for a good number, the path forward is not all clear. The new Omicron variant of COVID-19 could have an impact on jobs growth in coming months.
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