176.00 -0.26 (-0.15%)
After hours: 4:32PM EDT
|Bid||176.29 x 800|
|Ask||176.25 x 800|
|Day's Range||175.34 - 180.48|
|52 Week Range||129.77 - 211.70|
|Beta (3Y Monthly)||1.76|
|PE Ratio (TTM)||50.40|
|Earnings Date||May 2, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||205.90|
Mario Draghi: Is another ‘Whatever It Takes’ Moment at Hand?(Continued from Prior Part)EuropeWhile the rest of the world recovered from the 2007–2008 financial crisis, Europe (VGK)(EZU) has been engulfed in one crisis after another.
E-Commerce Digest: The Latest on JD, PDD, and ETSY(Continued from Prior Part)Pinduoduo’s revenue has more than tripledIn the past three quarters, no major Chinese e-commerce company has been growing faster than Pinduoduo (PDD). Through its
Interested in buying "hot" IPO stocks? Keep in mind these lessons from the initial public offerings of Facebook, Alibaba, Snap, Tencent Music and Cronos.
E-Commerce Digest: The Latest on JD, PDD, and ETSY(Continued from Prior Part)Expanding in China’s less-developed citiesLast year was mixed for JD.com (JD). While its revenue rose ~28% to $67.2 billion, the company swung into a loss of ~$400
E-Commerce Digest: The Latest on JD, PDD, and ETSYJD sets up a store on Google Express JD.com (JD) has started selling on Google’s (GOOGL) online shopping platform, Google Express, according to Reuters. Through the Google Express store, Joybuy,
News surfaced Mar. 20 that Foxconn Ventures sold 2.2 million shares of Alibaba (NYSE:BABA) at an average price of $181.10 a share. Is the $400-million sale of BABA stock a sign that now is an excellent time to sell your shares in the Chinese ecommerce company?Source: Charles Chan Via FlickrUp 33% year to date through Mar. 19, momentum investors will likely ride BABA stock a little longer. More conservative investors will like probably take this as a signal to exit their positions. Who's right?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks on the Rise Heading Into the Second Quarter Ride the WaveWhen it comes to BABA, I'm generally a fan. In November, I recommended Alibaba along with six other Chinese stocks to buy that were down but not out. It's up 21% since then, but nowhere near its 52-week high of $211.70, hit last June. Although China's economy was starting to show cracks at the time, I concluded that it was too big a company to continue to trade at such levels. I was right about that. The question is, why was I right? What's happened with Alibaba specifically, or China more generally, that's got investors less concerned about the micro- and macro-economic picture?On the company front, Alibaba delivered third-quarter earnings at the end of January that were generally very good with adjusted earnings per share of $1.77, ten cents higher than analyst expectations, with year-over-year revenue growth of 41% despite a countrywide slowdown in online sales. Although the company's revenue didn't grow by nearly as much as in the previous two quarters (65% growth in Q2 2019 and 76% growth in Q1 2019) investors have pushed its stock higher recognizing that it's still the biggest player in Chinese ecommerce. "We expect continued solid China ecommerce growth with Alibaba as the biggest winner," Raymond James analyst Aaron Kessler, who has a strong buy on BABA stock, wrote at the time in a note to clients. Sure, you can nitpick about Alibaba's third quarter, but from where I sit, the fact that the company generated $13.6 billion in free cash flow in the first nine months of fiscal 2019, a 3% increase over a year earlier, suggests that it's still mighty profitable despite the slower revenue growth.Should a trade deal get done between China and the U.S., I could see that growth moving higher for a long time to come. It's Time to Take ProfitsThis is where things get a little dicey. There are two sayings we can look to for advice. The first is, "Never sneeze at a profit." The second is "Cut your losses short and let your winners run."If you bought in November, I could see you going with the latter. However, if you purchased Alibaba IPO shares in September 2014 at $68, a 166% gain over 54 months (24% annualized) is a very nice return for even the most successful investor. That's especially true when you consider the negatives of Alibaba's business. * 7 2018 Tax Changes Affecting Your Returns and Refunds One area that investors look to for significant growth is the company's cloud segment. In early 2018, I suggested that the company's cloud business was one of three things it needed to focus on for BABA stock to get to $400. I still feel this way. However, as InvestorPlace contributor Rohit Chhatwal recently stated, the Huawei fiasco has all sorts of developed countries questioning the presence of Chinese companies involved with technology that reaches into the security infrastructure. It's one thing for an ecommerce company from China soliciting business from American consumers. It's another thing to be using the cloud to spy on those same consumers. My colleague is right to question the future robustness of its non-domestic cloud business. Until the entire Huawei situation gets settled, large companies in North America and Europe are not going to entertain Alibaba's services without some serious discount. Is it enough to derail Alibaba stock? We'll find out soon enough. What Would I Do?When making any investment, I always consider the probabilities. The probability that Alibaba will continue to grow its ecommerce business is reasonable. The likelihood that Alibaba's cloud business won't be able to make inroads outside China is low. The probability that Alibaba will face some severe headwinds when it comes to cloud security is high. Is it enough to keep BABA stock from going any higher than $180?I don't think so. But don't expect a straight shot to $400. There will be lots of ups and downs as it elbows its way into the cloud. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Specialty Retail ETFs to Buy the Industry's Disruption * 5 Stocks To Buy for the Happiest Employees * 3 Out-of-Favor Consumer Stocks to Buy Compare Brokers The post How to Deal With BABA Stock in the Wake of the Foxconn Ventures Dump appeared first on InvestorPlace.
What Fund Managers’ Allocations Say about the Market's Outlook(Continued from Prior Part)Most crowded trade As with the biggest tail risk, the latest Bank of America Merrill Lynch Survey resulted in a new “most crowded trade” response as well.
Alibaba, Tencent, Suning, and car makers including Chongqing Changan Automobile have set up a $1.5 billion Chinese ride-hailing venture, a move that could test the dominance of ride-sharing giant Didi Chuxing. Chongqing Changan Automobile said on Friday that it has invested 1.6 billion yuan ($238.36 million) in the Nanjing-based investment company alongside partners such as the investment units of Alibaba, Tencent and retailer Suning.Com Co Ltd, and automakers FAW and Dongfeng Motor.
China's major automobile and internet companies, including Chongqing Changan Automobile, Alibaba and Tencent, are setting up a 9.76 billion yuan ($1.46 billion) joint venture to invest in ride-sharing industry, Chongqing Changan Automobile said on Friday. Chongqing Changan Automobile has invested 1.6 billion yuan ($238.70 million) in the investment company in Nanjing with partners such as Alibaba's investment firm, Tencent's affiliate, Suning's investment unit, FAW, and Dongfeng Motor.
Nike (NKE) posted better-than-expected Q3 fiscal 2019 earnings and revenue after the closing bell Thursday. So, let's break down the sportswear giant's footwear sales, as well as North American and Chinese revenue.
Gaming Ban and Higher Costs Hit Tencent’s Q4 EarningsTencent’s fourth-quarter earnings Tencent (TCEHY) reported its fourth-quarter earnings results on March 21, 2019. The company generated revenue of 84.9 billion Chinese yuan, a YoY
Powell Halts Rate Hikes, Trump Might Not Be Pleased(Continued from Prior Part)Economy After its two-day meeting, the Federal Reserve signaled no more rate hikes in 2019. In December, the Fed projected two rate hikes in 2019. The Fed has also toned
Analysts are urging investors to stay away from shares of Chinese tech firm Meituan Dianping. In fact, one firm sees more than 30 percent downside for Meituan Dianping's stock from its current levels. Since rising more than 5 percent on the day of its initial public offering in September 2018, Meituan Dianping's stock has consistently traded at levels below that debut day's closing price.
Tmall Global today unveiled two key initiatives that further Alibaba’s plans to bring $200 billion worth of international goods into China over the next five years and help businesses of all sizes enter the China market. The initiatives – the Centralized Import Procurement (CIP) and Tmall Overseas Fulfillment (TOF) – are import solutions offered by Tmall Global to help international brands accelerate their entry into China and capitalize on hot demand for high-quality products. As the biggest cross-border platform in China, Tmall Global not only helps brand open up flagship stores on the platform, but also offers direct import services that can help bring international goods, from companies of all sizes sell into the Chinese market, benefiting Chinese consumers with an expanded choice of imported products.
Alibaba Cloud, the cloud computing and data intelligence arm of Alibaba Group, unveiled at its Beijing Summit the new strategy to develop the company into a more technologically inclusive platform. Jeff Zhang, President of Alibaba Cloud and Chief Technology Officer of Alibaba Group, for the first time elaborated publicly on the strategic upgrade of the business – evolving to serve as a key component of the Alibaba Business Operating System, and empowering customers and ecosystem partners to win in the digital era. Cloud computing is becoming the main business focus of Alibaba Group and over the past decade Alibaba Cloud has been the technology and public cloud platform underpinning the entire Alibaba economy from e-commerce and payment, to logistics and supply chain management.
Heading into its Q3 fiscal 2019 earnings report, which is due out after the closing bell Thursday, Nike is a Zacks Rank 2 (Buy). So, let's see what to expect from the company's third quarter financial results, including North American and Chinese sales.
More Action: US-China Trade Talks Resume Next Week(Continued from Prior Part)US-China talks In the previous part, we discussed that the US (QQQ) and China plan to resume the trade talks next week. So far, China’s economic data have disappointed
As China's Internet market, which is already home to more users than there are people living in the U.S., continues expanding, digital advertising expands as well. The O’Shares Global Internet Giants ETF (OGIG) is one of the newer options among Internet exchange traded funds, but unlike its domestically-focused rivals, OGIG features exposure to Chinese Internet companies. Some of OGIG’s top portfolio holdings includes companies such as Alibaba, Amazon, Facebook, and Alphabet, each of which represents 6- to 6.5-percent of the overall portfolio.
Why Jeffrey Gundlach Thinks We're Still in a Bear Market(Continued from Prior Part)The next move for the US dollar could be downDuring his “Highway to Hell” webcast, Jeffrey Gundlach put forth several arguments for a bearish long-term outlook
(Reuters) - Foxconn Ventures Holdco has sold $398.4 million (£302 million) worth of Alibaba Group Holding Ltd's shares, in a block trade in the open market managed by Goldman Sachs Group Inc, people familiar ...
Insurance data company Ebix (NASDAQ:EBIX) has been evolving and increasingly, Ebix stock has started a slow march up. It's a pleasant surprise as I first ran into this company almost a decade ago, when I was still at ZDNet.At the time they were buying a health care information company called A.D.A.M., for $66 million. I recently found my story on the Ebix Web site.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSince then, Ebix has ridden a lot of ups and downs. The stock traded as low as $9.26 per share in 2012. But it found its footing and rose to as much as $83 per share last year. It opens for trade March 12 at about $51.30 per share.Ebix is worth looking at again because it's no longer the company it was. It's a broader company, with interests in insurance as well as health care. It is also much more focused on India, which is where CEO Robin Raina hails from.That's the real story. * Top 7 Service Sector Stocks That Will Pay You to Own Them Payment Innovation and Ebix StockTransaction processing has long been an American lake, dominated by Visa (NYSE:V), MasterCard (NYSE:MA), and their networks of processing partners, many of which have operations in Atlanta, where Ebix is based in the suburban town of John's Creek.But India's government recently pushed through a powerful transaction processing innovation, a Unified Payments Interface that has made India the innovation center of the global payments industry.Not only did India create a low-cost payment infrastructure, it also pushed people to use it, banning high-denomination bills to fight tax evasion and pushing commerce into the new system.The rise of low-cost digital payments has boosted Alibaba Group Holding (NASDAQ:BABA), Tencent Holding (OTCMKTS:TCEHY) and even American companies like Alphabet (NASDAQ:GOOGL) and Facebook (NASDAQ:FB), all of which have taken advantage of the new infrastructure, at the expense of banks and traditional processors.This is what Ebix is tapping into. India Moves and Ebix StockEbix' market cap is barely $1.5 billion, but U.S. dollars go a long way in India.The company has made 11 deals in India in just 14 months, all in various areas of ecommerce infrastructure. The purchases cost about $500 million. Raina wants to invest another $500 million this year, and take what had been the remittance system ItzCash, now renamed EbixCash, public.Raina's latest deal, announced March 11, is a proposal to buy Yatra Online (NASDAQ:YTRA), the ticketing firm behind Yatra.com, an Indian rival to Expedia (NASDAQ:EXPE) or Booking Holdings (NASDAQ:BKNG).The company had already bought 80% of Zillious, another online travel booker. The plan is to make Yatra part of EbixCash, then take the whole thing public.On March 1, Ebix announced its revenue for 2018 was up 37% to $497.8 million and a few days later it announced plans to be at a run rate of $750 million by the end of this year. The country's footprint in India is large enough for it to sponsor one of the country's leading business conferences and host the country's Prime Minister, Narendra Modi. The Bottom Line on Ebix StockIndia is one of the world's fastest growing economies, and electronic transactions, thanks to government help, are one of the fastest-growing parts of that economy.Ebix has transformed itself, in barely a year, from a small American company focused on health payments into a real competitor inside this enormous opportunity.It has taken real risks to do this, with long-term debt of $274 million and a revolving line of credit worth another $424 million. Its operating cash flow, $89.8 million last year, can hardly keep up.Ebix is all-in on India and has made itself a speculative stock in the process. But speculating on Ebix stock is worthwhile, and if you want that kind of international exposure, here it is.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Financial Stocks to Invest In Today * 7 Single-Digit P/E Stocks With Massive Upside * 5 Chip Stocks on the Rise Compare Brokers The post EBIX Stock Is Risky at Best but Still Worth a Good Hard Look appeared first on InvestorPlace.
On CNBC's "Mad Money Lightning Round" , Jim Cramer said that Guardant Health Inc (NASDAQ: GH ) is a winner. The acquisition of Red Hat is going to help IBM (NYSE: IBM ) greatly, said Cramer. ...
Amazon Is Capitalizing on These Key Advantages(Continued from Prior Part)Amazon steadily transforming into a logistics powerhouse There is a multitrillion-dollar industry that Amazon (AMZN) is quietly zeroing in on: transportation and logistics. In