187.35 +0.06 (0.03%)
After hours: 7:59PM EDT
|Bid||187.32 x 900|
|Ask||187.49 x 2200|
|Day's Range||185.44 - 188.15|
|52 Week Range||129.77 - 211.70|
|Beta (3Y Monthly)||1.73|
|PE Ratio (TTM)||53.56|
|Earnings Date||May 2, 2019 - May 6, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||205.91|
Four of the Latest Takeaways from Microsoft in April(Continued from Prior Part)Oracle and IBM dropped Microsoft (MSFT) has made it to the short list of companies being considered for a lucrative cloud contract from the US Department of Defense. The
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Will Baidu Continue to Beat Analysts' Estimates in Q1 2019?(Continued from Prior Part)Stock returns Though Baidu’s (BIDU) sales growth has been impressive over the years, the company’s stock has been volatile. Since the start of 2018, the shares
Will Baidu Continue to Beat Analysts' Estimates in Q1 2019?(Continued from Prior Part)Forward PE ratio Baidu has been a high-growth company for several years now. In this article, we’ll compare Baidu’s valuation with its current price and look at
Last week it was reported that Amazon (NASDAQ:AMZN) would exit its Chinese marketplace business in mid-July. One less competitor -- that's Amazon no less -- should bode well for a company like Alibaba Group Holding (NYSE:BABA), right? Of course, it helps that the news around BABA stock is improving, as are the charts.Source: Shutterstock Chinese e-commerce players like Alibaba and JD.com (NASDAQ:JD) are direct beneficiaries of a partial exit by Amazon. However, Chinese equities in general had been under heavy pressure as the trade with the U.S. and slowing Chinese economy both weighed on the share prices. That's true for Alibaba stock, but also names like iQiyi (NASDAQ:IQ), Baidu (NASDAQ:BIDU) and others.So is it off to the races now? No, not exactly. But Alibaba has plenty of positive potential catalysts and is one of the larger players when it comes to global e-commerce firms.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Valuing Alibaba StockAt least when compared to FAANG stocks, BABA stock quietly sports a massive market cap, weighing in at roughly $480 billion. Unlike some blue-chip tech stocks, Alibaba doesn't pay a dividend, but with its balance sheet, it could if management so chose.Alibaba has almost $32 billion in cash and $33.5 billion in combined cash and short-term investments. Total current assets of ~$41 billion is almost twice its total current liabilities of $21.65 billion. Even though long-term debt stands at $19 billion, current assets of $114.3 billion should ease any financial worries over BABA stock considering it's almost triple the $44.7 billion in total liabilities. * 10 High-Yielding Dividend Stocks That Won't Wilt If any worries do exist about Alibaba's financials, perhaps the company's growth can take care of that. Current estimates call for a whopping 55% revenue increase in 2019 and another 35.5% jump in 2020. That easily outpaces BABA's immediate peers, as well as its U.S.-based FAANG peers. Earnings growth is less impressive, but solid nonetheless. Estimates call for 15.6% improvement this year to $5.48 per share, while 2020 estimates call for an acceleration to ~23%.That leaves BABA stock trading at 33.8 times earnings, which doesn't exactly feel like a discount. On a forward basis, Alibaba stock trades at roughly 28x forward earnings. That's actually slightly below its five-year average of 29x forward estimates. Ultimately, some investors will feel uncomfortable paying 34 times current earnings and that's just the way it is.Alibaba has various businesses in one of the world's largest economies. While China is struggling through a dry patch economically, it's anything but done growing. For this strong of revenue growth and solid earnings growth, many will flock to BABA stock -- especially if its charts start to cooperate. Trading BABA Stock Click to EnlargeShown above is a longer term, 30-month weekly chart of Alibaba stock. Below is a shorter term six-month chart, but both show a very similar setup for BABA stock. That is, a series of higher lows pushing the stock price higher while overhead resistance keeps a lid on any potential rally. * 10 S&P 500 Stocks to Weather the Earnings Storm On the monthly chart, we can see that $190 has played a role in the past as well. So long as BABA stock stays above the 10-week moving average and uptrend support, there's little reason to get overly bearish on the name. Click to EnlargeOn the daily chart, we can see that short-term resistance is actually a little lower, near $188. For almost two months now, this level has stymied BABA stock, while shares have been trending higher for about four months now.Like the weekly chart, as long as BABA stock stays above uptrend support and its 50-day moving average, bulls are still okay. Below these levels and at the very least, Alibaba may need to reset, if not trade lower before becoming a buy again. A breakout over $190 could trigger a rally north of $200.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN and IQ. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post Will Alibaba Stock Rally on Rival Amazonas Partial Exit From China? appeared first on InvestorPlace.
Stocks are opening the week with record highs in sight. And that makes finding breakout stocks to buy an easy feat. Today's gallery will feature three such candidates for your consideration.The S&P 500 ended Friday 1.3% from all-time highs. The Dow was 1.5% from record territory, and the tech-heavy Nasdaq was already basking in new highs. With the bullishness of the market backdrop, an increasingly high number of stocks are returning to last year's glory days.Traders are fond of the so-called "bullish breakout" pattern because it presents an attractive low-risk entry to climb aboard uptrending stocks. When resistance gives way, old bears run for cover and new bulls swarm. Together, this creates a demand surge that can result in substantial upside follow through.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * If You Can Tolerate Risk, Hexo Stock Is a Buy I've scanned the market and found a handful of breakout stocks to buy. Take a look. Click to Enlarge Source: ThinkorSwim American Express (AXP)The breakout setup in American Express (NYSE:AXP) is particularly potent due to last week's earnings release. The numbers were good, and buyers flocked, driving the credit card giant to the cusp of record highs. On the price trend front, bulls control all time frames. The 20-day, 50-day, and 200-day moving averages are all heading northbound.Thursday's volume surge adds legitimacy to the rally, showing institutions are lending their support to the breakout bid. Though equities are weak this morning, AXP stock's down-gap is being quickly bought up. Throw it all together, and I suspect a breach of the $114.50 resistance zone is only a matter of time.To capitalize, buy the June $115/$120 bull call spread for $1.32. The risk is limited to the original cost, and the reward is $3.68. Click to Enlarge Source: ThinkorSwim Alibaba Group (BABA)Chinese stocks are pulling the emerging markets space higher this year. And that has led to some lucrative bullish plays in a few of its more popular companies including Alibaba Group (NYSE:BABA). Unfortunately, overhead resistance has conspired to end the internet giant's recovery attempts, resulting in six weeks of churn. Multiple attempts to breach $190 have failed, but I think buyers still stand a chance.The bullish backdrop in stocks coupled with BABA stock's uptrend still being intact lead me to continue to root for buyers. Fortunately, there's no need to speculate. Instead, we can simply wait for confirmation that resistance has finally given way and then deploy bullish trades. * 3 Stocks on Shaky Ground If BABA stock trade above $190, then buy bull call spreads. The June $190/$200 should do the trick. Your risk will be limited to the trade cost. Click to Enlarge Source: ThinkorSwim Costco Wholesale (COST)Spurred by a rousing earnings announcement in March, Costco Wholesale (NASDAQ:COST) shares have been on the rise. The rally was strong enough to vault above last year's peak to new record territory. Moving averages are rising across all-time frames and should embolden buyers.Over the past two weeks, we've seen resistance form near $247. The pause is more than justified because COST stock had become quite overbought. Consolidation allows the stretched conditions to ease and new, lower-risk entry points to emerge.While COST stock may need a bit more basing before breaking out, the time to prep trades is now. When COST rises above $247.25, consider buying the June $250/$260 bull call spread.As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 3 Strong Stocks Poised to Break Resistance This Week appeared first on InvestorPlace.
Will Baidu Continue to Beat Analysts' Estimates in Q1 2019?(Continued from Prior Part)Revenue growth for Baidu estimated at 16.7% in 2019 Baidu (BIDU) has seen impressive growth in its revenue over the last few years. Baidu is known as China’s
Will Baidu Continue to Beat Analysts' Estimates in Q1 2019?Revenue growth estimated at 30% in the first quarter Chinese (FXI) Internet giant Baidu (BIDU) is set to announce its first-quarter earnings results on April 25, 2019. Analysts expect the
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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.