28.00 0.00 (0.00%)
After hours: 6:08PM EDT
|Bid||28.00 x 1000|
|Ask||28.00 x 800|
|Day's Range||27.84 - 28.76|
|52 Week Range||19.21 - 45.23|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||190.48|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.88|
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
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,
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
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
(Reuters) - Tencent Holdings Ltd is putting about 10 percent of its managers on notice, as China's largest gaming and social media company shakes up its workforce amid cooling growth and intensified competition, ...
Amazon Is Capitalizing on These Key Advantages(Continued from Prior Part)Amazon cut royalties for video partners From dropping some suppliers as Bloomberg reported to discontinuing its pop-up kiosks program, Amazon (AMZN) has been shaking up many
Economic Slowdown Deepens, Central Banks Take Charge(Continued from Prior Part)China’s central bankWhile most of the major economies are expected to grow at a slower pace this year compared to 2018, China’s economic slowdown has been getting
BEIJING/SHANGHAI (Reuters) - China on Friday accused a raft of local firms, from snack makers to a financial tech firm applying for a U.S. listing, of fooling and harassing consumers in an annual event that for the first time in years did not name and shame any foreign or well-known local brands. The state-run China Central Television (CCTV) annual consumer rights show is usually greeted with trepidation by local and international brands that have, in recent years, set up public relations teams in advance or handed out freebies around the day to take the edge off any possible criticism. Known as "315", in reference to global consumer rights day on March 15, the show this year did not put any household names under the spotlight.
Using the Global X MSCI China Consumer Discretionary ETF (CHIQ) as the gauge, it appears consumers in the world's second-largest economy are increasingly healthy. CHIQ is higher by nearly 23% year-to-date. The exchange traded fund, which tracks the MSCI China Consumer Discretionary 10/50 Index, is beating the largest US-focused consumer discretionary ETF by a margin of almost 2-to-1.
JD.com, Inc. (JD), China’s leading technology driven e-commerce company and retail infrastructure service provider, today announced that Mr. Chen Zhang will be appointed to a new role as a senior advisor based in the United States and will depart from his full time role as the Chief Technology Officer of JD.com effective June 30, 2019. The company will announce a succession plan in the future. Richard Liu, Chairman and Chief Executive Officer of JD.com, said, “We appreciate Chen’s valuable contribution and leadership since he joined, and we are pleased to appoint Chen to his new role. Zhang shared, “I am grateful to be a member of the executive leadership team, and it has been my privilege to serve as JD.com’s Chief Technology Officer during a period of transformational growth.
Trump-Xi Meeting Postponed: How Markets Could React This MonthUS markets this yearUS markets have mostly been in party mode this year, driven by the Fed’s U-turn on rate hikes and optimism about US-China (SPY) (FXI) trade talks. If one of
Trump Threatens Xi Jinping with a Walkout Unless He Gets His DealWalkoutsUS President Donald Trump is known to walk out of negotiations that he sees as not yielding the desired results. His summit with North Korean leader Kim Jong-un over
Deal or No Deal: Why US-China Relations Might Never Be the Same(Continued from Prior Part)Trump’s negotiations Last month, US President Donald Trump walked away from the summit with Kim Jong Un in Vietnam. Trump said, “Sometimes you have to walk,
As I've written before, Alibaba (NYSE:BABA) is one of the more interesting stocks in the market. To bulls, the story is almost self-evident. BABA stock offers exposure to the enormous and still fast-growing Chinese market. And even with a 34% rally year-to-date, Alibaba stock isn't particularly expensive.Source: Charles Chan Via FlickrTo bears, the risks are equally obvious. BABA shares don't include actual ownership of the company. As I noted earlier this year, the VIE (variable interest entity) structure may be against Chinese law.While China's population is huge and Alibaba's growth impressive, the company still operates in a nominally Communist country under a single-party government. Add in long-running accounting questions and for some investors, Alibaba stock is a firm "avoid."InvestorPlace - Stock Market News, Stock Advice & Trading TipsI've generally leaned toward the skeptical side when it comes to Alibaba stock, for instance calling a top in BABA back in early December. That call was prescient in the near term, but since then Alibaba stock has reclaimed those levels and then some. After reaching a six-month high last week, however, the near-term outlook again looks questionable.The risks here clearly are rising which could lead BABA to again turn downward. * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio A New CEOOn this site last month, Will Healy made an interesting point about the CEO change at Alibaba. Founder and long-time CEO Jack Ma is leaving in September. And as Healy pointed out, conglomerates like Alibaba tend to struggle after management changes.Healy pointed to General Electric (NYSE:GE) since the departure of Jack Welch. And while, in retrospect, some of GE's current problems likely can be traced back to Welch's decisions (notably the mess at GE Capital), it's an interesting analogy.Alibaba truly is a conglomerate at this point, as it expands into cloud computing, entertainment, and other areas. New CEO Daniel Zhang will have quite a few proverbial balls in the air when he takes over. Zhang will have to be up to the task. Competition GrowsOne of Zhang's immediate challenges will be maintaining Alibaba's leading market share. Competition in the legacy business remains intense, with second-place JD.com (NASDAQ:JD) investing heavily in a bid to drive sales higher.So far, Alibaba is holding up just fine. Revenue in its "core commerce" category rose 40% in the fiscal third quarter (ending December), against a 22% rise for JD.com. The company incredibly had 636 million active customers on its platform in calendar 2018 - a figure roughly double the entire population of the United States.The question, particularly as BABA stock rallies, is whether that's enough. I've long argued that international expansion is a key part of the long-term growth story here. Outside China, Alibaba will face rivals like Amazon.com (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG,GOOGL).Alibaba has made a modest move into the U.S., announcing a partnership with Office Depot (NASDAQ:ODP) this week. Southeast Asia is a clear focus as well. But with still less than 10% of revenue coming from outside China, Alibaba will need more wins in more markets. China's Macro PictureChinese stocks on the whole remain below 2018 highs, in large part due to continuing worries about the health of the Chinese economy. Wayne Duggan dismissed those concerns, pointing out that the disappointing 6.6% growth in China's 2018 GDP is more than double that of the supposedly strong U.S. economy.The worry here isn't slowing growth, however. It's that the millions of empty apartments and the government's picking of winners and losers (including Alibaba) at some point will lead to a decline, if not a collapse, in the broader economy.Again, different investors can view the Chinese economy very differently. But with 90%+ of its sales coming domestically, the fate of Alibaba stock obviously is tied to that of the broader economy. Even modestly rising fears of a slowdown could cause investors to flee. That's what happened to Chinese stocks on the whole last year and I wouldn't be surprised to see a similar sell-off in 2019. The Stock Market and Alibaba StockAs 2018 trading shows, BABA stock also is tied to the performance of stocks on the whole. And there are some signs that investors' risk appetite is declining.Housing stocks have pulled back in recent sessions. Higher-debt stocks are struggling. The small-cap-heavy Russell 2000,which was the canary in the coal mine ahead of last year's broad market rout, dropped over 4% in the last five sessions.BABA stock hasn't been immune. It's pulled back in recent sessions as well, including a 3.8% decline on Thursday. Given the clear amount of risks here, Alibaba stock won't be a safe haven if the market struggles. If markets keep dropping, BABA likely will too.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Growth Stocks Racing to All-Time Highs * 5 Warren Buffett Stocks You Can't Go Wrong With * Game On for These 3 Gaming Stocks Compare Brokers The post Don't Let the Recent Bump in Alibaba Stock Fool You appeared first on InvestorPlace.
Deal or No Deal: Why US-China Relations Might Never Be the SameUS-China relationsIt has been a year since US President Donald Trump announced Section 232 tariffs on US steel and aluminum imports. The tariffs were aimed at protecting the US steel and
China’s February Trade Data Compounded Slowdown FearsChina’s February trade dataOn March 8, China released its trade data for February. China’s exports in US dollar terms fell 20.7%, while its imports fell 5.2% YoY (year-over-year). The data
US-China Trade Deficit Narrows: Is Trump’s Strategy Working?US-China trade deficitOn March 8, China released its trade data for February. China’s exports in US dollar terms fell 20.7%, while its imports fell 5.2% year-over-year. The data missed
Can China Manage Growth without Fueling a Debt Crisis?(Continued from Prior Part)Worst performance in almost three decades China’s economy recorded growth of just 6.6% YoY (year-over-year) last year, its slowest pace since 1990. The country’s
Why NIO Stock Tanked after Its Q4 2018 Earnings Release(Continued from Prior Part)NIO’s Q4 2018 revenue In the fourth quarter, NIO (NIO) reported net revenue of 3.44 billion Chinese yuan, or ~$500 million, about 134% higher than its revenue of 1.47