|Bid||23.05 x 1000|
|Ask||23.08 x 1100|
|Day's Range||22.60 - 24.00|
|52 Week Range||21.46 - 50.68|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 19, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||35.82|
Trade rumors continue to swirl and Friday was no different as stocks were able to shake off early losses, despite the beat down we saw in Nvidia (NASDAQ:NVDA). Nvidia missed on earnings and came up way short on revenue expectations for next quarter.
Amazon (AMZN) has launched its Echo devices in Mexico, extending the reach of its smart speaker products. The launch sees Amazon join Apple and Alphabet’s (GOOGL) Google, which have already introduced their smart speaker products in Mexico.
Facebook (FB) recently opened pop-up stores inside nine Macy’s (M) store locations across the United States for the holiday season. This marks the first time that Facebook has opened a physical retail outlet. Facebook says its pop-up stores will showcase products from 100 small businesses and brands using its digital services to grow sales.
Alibaba (BABA) recently delivered strong sales during the world’s biggest shopping day festival called “Singles’ Day,” which is held on November 11. Alibaba’s annual event racked up $30.8 billion in gross merchandise volume in 24 hours, the largest-ever Singles’ Day sales to date. Alibaba’s Singles’ Day sales were also 27% higher than the year-ago period.
Alibaba stock (BABA) has declined 10.8% since October 1, 2018, and was also down 14.8% on a YTD basis as of November 13 amid tensions related to the trade war. Alibaba stock was also pressured after chair and founder Jack Ma announced in September that he is stepping down from the company.
Investors have plenty of worries, including higher interest rates, oil prices, China’s economic health and a changing political outlook following the elections. Reports claim said fund stole money and that Goldman Sachs “cheated” in its dealings in the matter.
Investment gurus and talking heads who appear in the business media love to talk about their best stock ideas. Not many like to talk about their worst ideas. What do you think is the number one trait of an outstanding portfolio manager or research analyst? In my books, it’s humility. The ability to understand that you’re human and likely to be wrong 40%-50% of the time.
Quietly, Walmart (NYSE:WMT) and other big-box retail stores are having a resurgence, boosting their stocks. In fact, Walmart stock has weathered the markets’ recent downturn quite well, as WMT has actually risen about 7% since Oct. 1. On the other side of the equation, Amazon is starting to show some cracks.
JD.com's (JD) revenue segments ??? JD Mall & New businesses ??? are likely to have performed well in the third quarter of 2018.
“We’re definitely late cycle, and so at some point we’re going to enter a bear market, and it’s going to happen in the next year and a half, maybe two,” Cohen said during a talk with MSD Capital’s Glenn Fuhrman at the 92nd Street Y in Manhattan on Tuesday night. The $3.2 trillion hedge fund industry lost 3 percent last month and is down about 1.7 percent this year as stock pickers to macro traders sputtered, according to Hedge Fund Research Inc. Cohen, who returned to the business earlier this year after a government ban on him managing capital for clients ended, described how it was easier to make money during the early decades of his business because of the bull market in stocks and less competition in the industry. The hedge fund pleaded guilty to securities fraud in 2013 and paid a record fine as part of a U.S. crackdown on insider trading on Wall Street.
Alibaba (BABA) has downgraded its growth expectations for fiscal 2019, which will end in March. In May, Alibaba forecast fiscal 2019 revenue growth of over 60%, but it now expects this growth to be slower. Alibaba’s revenue rose 58% to $39.9 billion in fiscal 2018.
Wang Miaoyi's small one-bedroom apartment, which doubles as her design studio, is overflowing with game magazines, figurines and boxes of sci-fi novels. The 30-year old game developer is a child of the county's tech boom: she studied at one of China's top universities and her company hit it big with an award-winning game that was published on Nintendo's Switch console and the PC gaming platform Steam, with plans for roll-out on other game platforms. Now her ambitions - and those of many others across China's giant tech industry - are facing a reckoning, amid rising state control over the sector, tightening regulation and a biting trade war with the United States stymieing growth.
Alibaba reported $31.8 billion in gross merchandise volume for its annual "Singles Day," up 27% but a slowdown from the prior year's growth of 39%. Alibaba stock fell on the news.
The Dow Jones opened lower in a keey week for the stock market rally. Apple fell on Lumentum. Alibaba Singles' Day kicked off big China stock news.
Billionaire Chase Coleman‘s Tiger Global Management is stressing patience when it comes to the $25 billion investment firm’s Chinese stock holdings. Chinese stocks have formed an important component of Tiger Global’s massive 13F portfolio for many years, and accounted for 20% of the firm’s long exposure in both its long-short and long-only funds this year. […]
Alibaba (BABA) has quietly made an investment of nearly $300 million for a stake in a Chinese online wine retailer whose sales are poised to double. Alibaba spent $288.6 billion to purchase 39.3 million shares in 1919.cn, a wine company disclosed in regulatory filings cited by Caixin. China is the world’s second-largest wine market after the United States in terms of both consumption volume and consumer spending.
Alibaba (BABA) has partnered with Swiss luxury goods group Richemont to broaden the choice of luxury brands for Chinese consumers as it pursues the nearly $150 billion Chinese luxury goods market. As part of the partnership, which is essentially a joint venture, Richemont will open online stores for its luxury brands in Alibaba’s Tmall platform’s luxury section.
Alibaba may have pioneered the concept of Singles' Day, the world's largest shopping day based on sales, but it very much not the only e-commerce giant involved. JD.com, Alibaba's biggest rival in China, just announced that it sold RMB 159.8 billion ($23 billion) in goods for its Singles' Day campaign. Unlike Alibaba, which racked up $31 billion in GMV in the 24-hour sale on November 11, JD's festival ran for 11 days starting on November 1.
Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) cashed a record 213.5 billion yuan (£23.8 billion) in sales on Sunday during its 24-hour online retail frenzy Singles' Day, but the event's annual growth dropped to its slowest rate. Shoppers in China and across the world snapped up hot items including iPhones, furniture and milk powder starting pre-dawn, with Alibaba recording roughly $10 billion in sales in the first hour after midnight. Singles' Day, also called "Double 11", is the world's biggest online sales event, outstripping the sales of U.S. shopping holidays Black Friday and Cyber Monday combined.
Chinese companies like Alibaba (NYSE:BABA) and JD.com (NASDAQ:JD) were all the rage until they weren’t. As with many publicly-traded firms during this year, BABA stock got off to a promising start in the first half. Presently, Alibaba stock is staring at losses exceeding 15% year-to-date.