Business

Should You Add Tencent Music Entertainment Group, Borqs Technologies Inc, Annaly Capital Management, Zomedica Corp Stocks

Tencent Music Entertainment Group (NYSE: TME) Stock Gains 1.50% 

Tencent Music Entertainment Group (NYSE: TME) stock surged 1.50% and closed at $12.88 on July 9, 2021. The stock pared 16.10% in the past week. It looks oversold. Tencent Music expects to report revenues of $1.24 billion in Q2 2021. It shows positive YoY growth of 27%. The full-year revenues are expected to reach $5.31 billion. Hence, investors can add this stock to their investment portfolio for handsome gains in the future. 

Borqs Technologies Inc (NASDAQ: BRQS) stock rises 9.26%

Borqs Technologies Inc (NASDAQ: BRQS) stock closed at $0.95 (up 9.26%) on July 9, 2021. However, it pared 18.24% in the past week. The company recently completed the manufacturing facilities at its 5G Industrial Park Project situated in Huzhou, China. Borqs supplies products for IoT (Internet of Things)/ embedded software. In addition, the company established its micro-electronics production facility for the first time since 2007 to save manufacturing costs. 

Annaly Capital Management, Inc (NYSE: NLY) stock gains 2.41%

Annaly Capital Management, Inc (NYSE: NLY) stock closed at $8.91 (up 2.41%) on July 9, 2021. It is currently trading close to its 52-week high of $9.64. However, the stock lost 5.11% in the past month. The stock has a market cap of $12.49 billion.

Zomedica Corp (NYSEAMERICAN: ZOM) stock closed at $0.74

Zomedica Corp (NYSEAMERICAN: ZOM) stock closed at $0.74 (up 3.73%) on July 9, 2021. However, the stock lost 22.47% in the past 30 days. Zomedica provides POC (point of care) diagnostic products for cats and dogs. TRUFORMA, its flagship product, will have five initial assays to assess thyroid and adrenal disorders. The company will hire professional services veterinarians and sales representatives to support its execution.

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