New Oriental Education & Technology Group Inc. (EDU) and TAL Education Group (TAL) Lead the Way as Breakout Stocks for Week - Trade Oracle

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New Oriental Education & Technology Group Inc. (EDU) and TAL Education Group (TAL) Lead the Way as Breakout Stocks for Week

This week, two Chinese education stocks – New Oriental Education & Technology Group Inc. (EDU) and TAL Education Group (TAL) – have been leading the way in the stock market. Both stocks have seen impressive gains in the past week, with EDU up by 8.3 percent and TAL up by 10.2 percent. Investors looking for a break-out stock should definitely consider these two education powerhouses.

New Oriental Education & Technology Group Inc. (EDU): A Breakout Stock with Strong Earnings

New Oriental Education & Technology Group Inc. (EDU) is proving to be a breakout stock with strong earnings and positive economic data from China. The company reported strong earnings results earlier this week which beat analyst estimates and drove up the stock price. This has been a positive sign for investors and has been a driving force for the stock price. Additionally, two new Breakout Stocks for Week 10 with better than 10% short-term upside and a Dow 30 Picks. Average cumulative returns for 2023 are +38.0% YTD. The Momentum Gauges® were negative from Week 8 with a positive signal late in Week 9. ARAV jumped 12% to end the week with strong momentum. Despite the potential risks associated with the company, such as the weak Chinese trade data and the ongoing tensions between the U.S. and China, investors are still looking to capitalize on the recent price trend of fundamentally sound stocks. This makes New Oriental (EDU) a solid choice for shorter-term investors.

TAL Education Group (TAL): A Risky Investment Ahead of Earnings Report

TAL Education Group (TAL) is a Chinese education company that is expected to release its earnings report next month. Investors are concerned that the report could contain bad news, which could have a negative impact on the stock price. Despite this, investors are still looking to capitalize on the recent price trend of fundamentally sound stocks, making TAL a risky investment ahead of its earnings report. Additionally, Chinese trade data came in weak and the ongoing tensions between the U.S. and China could have a negative impact on the stock. Nevertheless, two new Breakout Stocks for Week 10 with better than 10% short-term upside and a Dow 30 Picks. Average cumulative returns for 2023 are +38.0% YTD. The Momentum Gauges® were negative from Week 8 with a positive signal late in Week 9. ARAV jumped 12% to end the week with strong momentum. This suggests that there may be some upside potential in the stock, but investors should be aware of the risks associated with investing in TAL before the earnings report.

Chinese Trade Data and US-China Tensions: What to Expect Going Forward

TAL Education Group (TAL) is another Chinese education stock that is expected to report bad news next month, which has investors worried. Despite this, investors are still looking to capitalize on the recent price trend of fundamentally sound stocks. The company has seen its stock price rise due to positive economic data from China, as well as the ongoing tensions between the U.S. and China. This could have a negative impact on the stock, however, two new Breakout Stocks for Week 10 with better than 10% short-term upside and a Dow 30 Picks. Average cumulative returns for 2023 are +38.0% YTD. The Momentum Gauges® were negative from Week 8 with a positive signal late in Week 9. ARAV jumped 12% to end the week with strong momentum.

Overall, Chinese trade data came in weak and the US-China tensions continue to intensify. This has caused investors to be cautious when it comes to investing in Chinese stocks. However, investors are still looking for stocks with potential short-term upside and are willing to take a risk on stocks that have fundamentally sound fundamentals. New Oriental Education & Technology Group Inc. (EDU) and TAL Education Group (TAL) are two of the biggest gainers, with EDU up 5.4% and TAL up 4.5%. Despite the potential risks associated with investing in Chinese stocks, these two stocks could be good options for investors looking to capitalize on the current trend.

The past week has been an exciting one for investors in the education sector, as New Oriental Education & Technology Group Inc. (EDU) and TAL Education Group (TAL) have emerged as breakout stocks. With both companies showing strong quarterly earnings, investors are expecting even more growth in the coming weeks. As the education sector continues to expand, EDU and TAL are well-positioned to benefit from the trend and remain two of the most popular stocks in the market. With their strong fundamentals and impressive returns, EDU and TAL are sure to remain popular with investors for the foreseeable future.

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