1,861.69 0.00 (0.00%)
After hours: 4:17PM EDT
|Bid||1,861.25 x 1400|
|Ask||1,861.44 x 800|
|Day's Range||1,859.48 - 1,870.82|
|52 Week Range||1,307.00 - 2,050.50|
|Beta (3Y Monthly)||1.71|
|PE Ratio (TTM)||92.44|
|Earnings Date||Apr 25, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||2,080.44|
Yahoo Finance's Adam Shapiro, Julie Hyman, and Andy Serwer discuss tonight's episode of Influencers with Eric Schmidt.
The Lyft IPO has rightfully left a bad taste in the mouths of many investors who were clearly bamboozled.
Sears Holdings Corp sued longtime former chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt. The lawsuit, made public on Thursday, was filed by the restructuring team winding down Sears' bankruptcy estate and suing on behalf of creditors, many of whom blame Lampert for the retailer's downfall. The complaint seeks the repayment of "billions of dollars of value looted from Sears," including while it was in what Lampert would later call a "death spiral" where it sold core assets to meet daily expenses with no real plan for becoming profitable.
The U.S. Department of Agriculture on Thursday said it has launched a pilot program in New York that allows consumers dependant on food stamps to use them to buy groceries online, a move that is likely to boost sales at retailers like Walmart Inc and Amazon.com Inc. Both companies are participating in the initial pilot launch with Wakefern Food Corp's ShopRite supermarket chain expected to join the program early next week, the USDA said. Walmart will offer the service in upstate New York, while ShopRite and Amazon will service the New York City area.
Netflix Inc. is planning to add a production hub to its new York City operations, adding up to $100 million in investments to he city and hundred of jobs, Gov. Andrew Cuomo said Thursday. The hub will include an expanded office with 127 high-paying jobs in content, marketing and production over the next five years, he said. The streaming giant will add six sound stages in Brooklyn with the capacity for thousands of production crew jobs. Netflix's new corporate offices are expected to occupy about 100,000 square feet in the Flatiron District. The company has already produced many shows in New York City, including the women's prison series "Orange is the New Black," comedy series "Unbreakable Kimmy Schmidt," as well as The Martin Scorcese-helmed film "The Irishman." It has leased about 161,000 square feet of space at Johnson Ave. in Brooklyn. The company will receive up to $4 million tax credits over then years, directly tied to job creation. The news comes after Amazon.com Inc. cancelled plans to locate part of its second headquarters in Long Island City, Queens, after opposition from locals to the billions of dollars it was set to receive from the state. Netflix shares were up 1.3% on Thursday, and have gained 34% in 2019 so far, while the S&P 500 has gained 16%.
NEW YORK (AP) — Amazon and Walmart on Thursday are kicking off a two-year pilot established by the government to allow low-income shoppers on government food assistance in New York to shop and pay for their groceries online.
Global Economic Indicators Paint a Mixed PictureRetail sales According to the US Department of Commerce, US retail sales soared 1.6% in March compared to February, their highest pace of growth since September 2017. Another encouraging piece of news
(Bloomberg Opinion) -- The other day, a columnist for the Detroit Free Press wondered if the sudden spate of measles cases in several parts of the country might be the fault of Amazon.com Inc., because until recently it offered books and videos created by anti-vaccination activists.
Agriculture Secretary Sonny Perdue announced the start of a two-year pilot in New York testing online purchases of groceries by beneficiaries of the Supplemental Nutrition Assistance Program, known colloquially by its former name, food stamps. “People who receive SNAP benefits should have the opportunity to shop for food the same way more and more Americans shop for food -- by ordering and paying for groceries online,” Perdue said in the statement Thursday.
Amazon.com, Inc. (NASDAQ: AMZN) is ceasing operations in China after a decade long struggle for market dominance with the local ecommerce incumbents. Amazon.cn, Amazon's Chinese site, will shut doors on July 18 this year, after which domestic sellers on the platform would no longer be able to sell products to Chinese customers. Amazon is the latest casualty in the list of American companies that have lost the fight to local Chinese competition.
Mother's Day is just around the corner - May 12 - and for most families, this means a frantic scramble to find the perfect gift. Perfect for younger kids (or even older ones), you can never go wrong with a handmade painted picture to hang on the wall for Mother's Day. Want an elegant, personalized gift to give this Mother's Day?
Xilinx's (XLNX) fourth-quarter fiscal 2019 results are likely to gain from strong demand for its products in the Wireless, TME markets.
Facebook's (FB) first-quarter 2019 results are likely to gain on continued subscriber growth, driven by rapid adoption of Instagram and WhatsApp Stories.
The acronym FANG refers to four high-growth internet stocks. (Sometimes they're called FAANG stocks.) Here's what investors should know about FANG stocks and why they might be worth a look.
Amazon (AMZN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
What’s Ahead for Hulu after AT&T Stake Sale?(Continued from Prior Part)Hulu subscribers Hulu has added 8 million subscribers since January 2018 and has added nearly 22 million subscribers since January 2012. At the end of 2018, Hulu had 25
In the world of online shopping , often buyers will purchase an item only after they see that other people also like it. And the easiest way to find out consumer sentiment? You guessed it: reviews.
Alibaba (NYSE:BABA) stock has rewarded shareholders handsomely so far in 2019. Alibaba was founded in Apr 1999 and had its IPO in Sept 2014 -- at an initial price of $92.7. On Apr. 15, the stock price closed at $183.07. In the past two decades, BABA has become a highly regarded global company, and Alibaba stock offers U.S. investors the chance to invest in the growing Chinese consumer and e-commerce markets. As its second decade ends, the group is increasingly focusing on becoming a social hub.Source: Shutterstock Although there might be volatility in BABA shares in the coming weeks as the global e-commerce platform gets ready to report earnings in early May, long-term investors may regard any upcoming dip in the stock price as an opportunity to buy into the shares. Here is why: Alibaba Stock Has Robust FundamentalsOnline shopping represents about 35% of China's total $5.5 trillion retail market -- and BABA has a 53.3% share. Alibaba's Tmall and Taobao are China's largest online business-to-consumer and consumer-to-consumer marketplaces respectively. One highlight from the company's past quarter is that its mobile monthly active users (MAUs) on the e-commerce platforms have now reached 699 million.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Buy for Spring Season Growth For example, with the successful Taobao app, users share product reviews, watch webisodes, or live-stream various tutorial. As the time spent on the app increases, so does the money spent on the e-commerce marketplace.As Alibaba gets ready to release its quarterly results in early May, investors who are seeking capital appreciation should keep in mind the company's dominant position in the Chinese e-commerce space. In its earnings report, investors should pay attention to four areas of revenue: * Core commerce (its largest segment which showed 40% year-over-year, YOY, growth); * Cloud computing (which showed 84% YOY growth); * Digital media and entertainment (which showed 20% YOY growth); and * Innovation initiatives (which showed 73% YOY growth).The company's latest quarterly earnings on Jan 30 showed that BABA's gross profit margin is over 45%. Many analysts expect its revenue to continue growing at double-digit-percentage rates, at an average of 20% annually, through both organic growth and acquisitions.It is also important to note that much of its recent growth has been coming from less populated areas of China. At present, around half of China's 1.4 billion citizens reside in rural areas and reaching out to these consumers has become a top priority for Alibaba.The fact that the company is not highly leveraged also contributes to my upbeat view of Alibaba's management and balance sheet. Its 'current ratio', which measures BABA's ability to pay its short-term debt, stands at a healthy 1.25.Although the Chinese economy may slow further in 2019 or even 2020, its GDP is still expanding at an average annual rate of 6% minimum. In other words, China's growing middle class will continue to drive increases in the country's consumer spending and in China's e-commerce market. And when average Chinese citizens have more money in their pockets, more of it can be spent on online shopping sites like Alibaba. Alibaba Is Diversifying in ChinaBABA's core business of online retail contributes to 88% of revenue. However, it's been branching out into other business ventures. This expansion is made possibly partly due to its steady free cash flow (FCF), which measures a company's ability to produce cash. Investors care a lot about FCF as it can be used in a discretionary manner, for example, to invest in growth opportunities and to strengthen Alibaba's balance sheet further.The e-commerce giant now has multiple equity stakes in growth companies in a plethora of industries, such as Ant Financial, the Chinese payments giant; Ele.me, the local delivery company; and Alibaba Cloud, its cloud computing arm. The rapidly growing cloud business, which has brought in about 6% of total revenues in Q4 2018, has long-term growth potential and may help improve the company's margins further.Like Amazon (NASDAQ:AMZN), Alibaba is also paying considerable attention to developments in cloud computing and artificial intelligence (AI), two areas that will contribute to its bottom line and possibly boost BABA stock in coming years. The company announced that it is building its own AI chip to be used in various industries, such as self-driving cars.In its efforts to become a hybrid e-commerce platform that offers social shopping experiences to customers, especially to the tech-savvy youth, Alibaba has been increasing its exposure to social media platforms. For example, it owns 31% of Weibo (NASDAQ:WB), the Chinese microblogging company.Alibaba's Taobao marketplace has recently taken an 8% stake in Chinese anime streaming and entertainment company Bilibili (NASDAQ:BILI) whose users have an average age of 21. The company, which has about 92 million monthly active users, "covers genres and media formats, including videos, live broadcasting, and mobile games." Through this acquisition, Alibaba opens the door to reaching the Gen Z market in China better.BABA's Youku is now the third biggest video streamer in China, behind Tencent Holdings (OTCMKTS:TCEHY) and Baidu (NASDAQ:BIDU). And Alibaba is not shy to invest in the platform to create new content and bring in new subscribers so that it can increase its 22% share in the Chinese video streaming market.Finally, as China increasingly moves into a cashless society, the group's mobile platform, Alipay, is likely to grow exponentially. The digital wallet has already hit 1 billion users in more than 110 countries worldwide. In other words, investors are hopeful that these new ventures will become significant revenue contributors soon. BABA's International Growth Looks PromisingIn addition to its ever-growing presence in China, BABA has investments in start-ups in South Asia and Southeast Asia, too. Southeast Asia is en route to becoming the world's fourth largest economic region by GDP and analysts expect its e-commerce sector to expand tremendously within the next decade.Among the start-ups in those regions in which BABA has stakes are Paytm, an Indian digital-payments provider, and Lazada, a Singapore-based e-commerce company that is growing in overseas markets.The "Amazon of the East" has also set its eyes on moving west through partnerships with European companies, including Vodafone Group (NASDAQ:VOD) in Germany and El Corte Ingles in Spain. Many European companies are still discovering new ways to enter the Chinese market, and BABA may enable them to connect with Chinese customers faster. BABA's mobile payment network, Alipay, is also looking to expand in Europe.Such international growth will not only help increase the company's bottom line, but it will also enable BABA to diversify away from China, lowering the macro risk facing BABA stock. Is It Time to Invest in BABA Stock?The answer depends on your investment style and horizon, i.e., whether you are a short-term trader or a long-term-growth investor. BABA stock is a compelling long-term investment. I also believe that most of the adverse effects of the U.S.-China trade war have already been priced into Alibaba stock. If the two sides reach a deal that's seen in a positive light this year, BABA stock is likely to rally.Yet, the markets are likely to continue to be choppy in April and May, especially since many other tech heavyweights are expected to release their quarterly reports. The volatility of Alibaba stock is high, giving it a broad trading range, so short-term traders should proceed with caution in the coming weeks.As a result of the recent impressive run-up in the stock price, short-term technical indicators have become somewhat over-extended. Investors who pay attention to short-term oscillators should note that BABA's professional message has also become "overbought." So, in the next few weeks, there might be some profit taking in Alibaba stock. The Bottom Line on Alibaba StockAlibaba's growth in e-commerce, cloud computing, and other investments throughout China and globally make it a disruptor and a sound and long-term investment. 2019 has given Wall Street a glimpse of how great BABA's comeback could be as, year-to-date, the stock is up 33%.Therefore long-term investors could view any decline in the BABA stock price as an opportunity to buy the stock. By the end of 2020, I expect the stock to reach $230. * 10 S&P 500 Stocks to Weather the Earnings Storm However, traders with a short-term horizon should remember that there might be some profit-taking in the stock around the earnings report.As of this writing, Tezcan Gecgil did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post Alibaba Stock Has Several Catalysts to Drive Its Growth Story Further appeared first on InvestorPlace.
How can you avoid falling for counterfeit products when you shop online? Personal finance writer Joel Anderson of GoBankingRates.com has tips on spotting fakes.