|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||39.92 - 41.32|
|52 Week Range||25.48 - 45.34|
|Beta (5Y Monthly)||1.26|
|PE Ratio (TTM)||273.13|
|Earnings Date||May 07, 2020 - May 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||343.32|
By one measure, the bull market returned on Thursday. As we noted in yesterday's Big Stock Charts, there was a technical argument that the Dow Jones Industrial Average had done so yesterday. The case is easier to make after the Dow rallied another 6.4% on Thursday.Source: Shutterstock As Barron's noted, the term "bull market" isn't set in stone. But the Dow, incredibly, has rallied 21.3% in just three sessions, satisfying one common definition. Add in a late-day rally Monday and the bounce nears 24%.A snapback rally in Boeing (NYSE:BA) has been a key contributor. But the S&P 500 itself has gained 18% in three days. The rally has been broad as well as steep.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem As U.S. stocks look to close what could be the best week of trading since the 1930s, optimism seems to have returned. Friday's big stock charts look to tap into that optimism. Like the market, all three stocks found support. And all three could see more upside ahead. JD.com (JD)Source: Provided by Finviz To look at the first of Friday's big stock charts, one might not even know a sell-off had occurred. JD.com (NASDAQ:JD) has mostly rallied through broad market declines, and there's a case that the rally should continue: * For the most part, this simply looks like a solid chart. A broadening ascending wedge that's held since August suggests new highs are on the way. Excluding a short-lived dip, JD stock mostly has held the 50-day moving average, which can provide support going forward as well. An investor might worry about short-term resistance as a few rallies have reversed this year, but that aside it seems like JD stock should head higher. * Fundamentally, there's a strong case. Just last week I highlighted JD stock as one of seven stocks that had survived the market carnage and could keep rallying. Shares aren't all that expensive relative to trailing earnings. China is getting back to normal. Its e-commerce market is big enough for both JD and larger rival Alibaba (NYSE:BABA). * That said, JD probably needs this rally to hold, or at least not reverse. Trading earlier this month shows that broad market weakness can bring JD.com down with it. In-country risk remains elevated. As with the market as a whole, investors can be hopeful but they still need to mind the downside. Charter Communications (CHTR)When we highlighted Charter Communications (NASDAQ:CHTR) in Big Stock Charts almost two months ago, the chart looked fantastic while the fundamentals were questionable. Even with CHTR stock 15% cheaper, this edition of Big Stock Charts sounds much the same: * CHTR stock managed to bounce nicely off support that held in August. Thursday's rally retook the 200-day moving average. There seems to be a path to at least the 50DMA, which suggests roughly 8% further upside. * But the fundamentals still look questionable at this price. Charter still has to deal with the effects of cord-cutting going forward. A valuation of 23x forward earnings hardly seems cheap in that context. * Charter has been a wonderfully-managed company as it's built out its business through acquisitions. As a result, it was one of the best stocks of the bull market: at February highs, CHTR had rallied almost 1,500% from financial crisis-era lows. After this bounce Charter stock is basically back where it was in mid-December -- and 'only' up about 1,200% from the 2009 nadir. * For investors who believe the bounce of the last three days has gone too far, this chart can serve as Exhibit A. As steep as the decline seemed to be, there are a significant number of large-cap stocks like CHTR who now trade back where they did just months ago. Fundamentally, CHTR shows that the buying opportunity in the market as a whole might not be quite what a 30%-plus decline in major indices would suggest. Thermo Fisher Scientific (TMO)Source: Provided by Finviz Market bulls might see it differently, however. Those that do should take a look at the third of Friday's big stock charts, which suggests that Thermo Fisher Scientific (NYSE:TMO) has a rally ahead: * As with CHTR, TMO stock has seen support hold, save for a brief decline during the worst of the market panic. But it hasn't received quite the same bounce: shares are up 'just' 13% from their low (and even less looking to closing prices). There's whitespace toward moving averages which can be reached if market stability holds. * Meanwhile, Thermo Fisher shouldn't have much, if any, real impact from pandemic fears. The life sciences supplier serves customers that have little or no macroeconomic exposure. The scramble to treat the coronavirus may cause some short-term supply chain issues, but hardly enough to drive a 17% decline from February highs. * Again, market bulls should consider TMO here just above support. But skeptics might respond that the decline here makes more sense than it seems. Many believe that market valuations simply had run too far in February. From that perspective, the fall in TMO stock isn't an unjustified sell-off. It's a correction. And the same trend explains at least a portion of the big fall elsewhere in U.S. stocks.Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. He has no positions in any securities mentioned. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post 3 Big Stock Charts for Friday: JD.com, Charter, and Thermo Fisher appeared first on InvestorPlace.
JD.com, Inc. (JD) closed the most recent trading day at $41.35, moving +1% from the previous trading session.
Futures were mixed-to-lower on a coronavirus stimulus deal after deal optimism led a historic stock market rally Tuesday. AMD, Nvidia, Shopify cleared a key level. Nike earnings beat late
AMD is still leading chips, Shopify is back on shopping lists and JD.com stock is not on lockdown.
Investors looking for stocks to buy at the beginning of this year most likely picked wrong. U.S. stocks have been routed. The S&P 500 is down 25% year-to-date. It's safe to say that the declines have been broad as well as deep.Of over 4,500 stocks with a market capitalization over $50 million, only 200 -- less than 5% -- have gained so far this year. And many of those few winners actually have benefited from the spread of the coronavirus from China.In biotech, Co-Diagnostics (NASDAQ:CODX) has rallied as it works to deliver a coronavirus test; the likes of Inovio (NASDAQ:INO) and iBio (NYSEMKT:IBIO) have gained on hopes for a treatment or vaccine.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMakers of protective gear have soared. Lakeland Industries (NASDAQ:LAKE) has gained 55%. Allied Healthcare Products (NASDAQ:AHPI) has been the market's best stock this year, gaining almost 1,370%.There have been second-order winners as well. Zoom Video Communications (NASDAQ:ZM) has gained amid higher demand for its video conferencing solution. The same is true for telehealth leader Teladoc (NYSE:TDOC). Micro-cap delivery plays Blue Apron (NYSE:APRN) and Waitr Holdings (NASDAQ:WTRH) have seen enormous jumps on hopes that widespread restaurant closures can save businesses that looked headed for bankruptcy.Those rallies all make at least some sense (even if a few seem to have gone too far). But there have been very few stocks in 2020 whose businesses have been strong enough to survive the crashing market without concrete near-term tailwinds. * 10 of the Best Long-Term Stocks to Buy in a Bear Market These seven stocks make that list. That alone means they should be given consideration from a long-term perspective. After all, if a stock can hold up in this market, it might well be able to soar when and if positive sentiment returns. Survivor Stocks to Buy: Amazon (AMZN)Source: Ioan Panaite / Shutterstock.com To be fair, Amazon (NASDAQ:AMZN) is getting a bit of a sales boost of late as brick-and-mortar retail in the U.S. essentially shuts down. But in the context of a market capitalization now back over $1 trillion, a few weeks of brisk sales aren't on their own enough to allow AMZN stock to dodge the plunging broad market.Rather, Amazon has executed well. Fourth-quarter results last month were a blowout, and assuaged investor fears about the cost of one-day shipping. More recently, Amazon has delivered essential goods worldwide, managing amid supply shortages and spiking demand.Amazon has reminded investors and customers why it's one of the world's best businesses. And that's been enough to keep Amazon stock positive in 2020 despite a still-hefty headline valuation and potential pressure on the Amazon Web Services cloud business.That trading suggests AMZN is one of the better large-cap stocks to buy going forward. After all, if the stock can hold $1,800 in this environment, there should be a path back to $2,000 and beyond if and when the bull market returns. Rite Aid (RAD)Source: Susan Montgomery / Shutterstock.com Rite Aid (NYSE:RAD) is one of the more surprising names on this list. This is a company that just last summer looked to be on a path to bankruptcy. And while investors might think that consumers stocking up on pharmaceuticals are driving a big bounce in revenue, the coronavirus hasn't done much for Rite Aid's largest peers.Over the past month, RAD is up 17%. CVS Health (NYSE:CVS) has declined 23% and Walgreens Boots Alliance (NASDAQ:WBA) is off 8%. That outperformance isn't new -- following the recent gains, Rite Aid stock now has more than tripled from August lows.There could be more upside ahead. Shares have gained nicely in recent sessions after strong guidance for the fourth quarter of fiscal 2020 and for full-year fiscal 2021. Rite Aid still has a heavily leveraged balance sheet, which brought the stock down as profits plunged. That leverage can amplify gains on the way back up, and with the company guiding for same-store sales growth in FY2021, the trajectory of the business remains positive.Indeed, I've become steadily more bullish on RAD stock of late after seeing too much risk in the past. Clearly, I'm not the only one whose opinion has changed. Stamps.com (STMP)Source: Michael Vi / Shutterstock.com Stamps.com (NASDAQ:STMP) probably is receiving a bit of help from coronavirus concerns. Consumers choosing to avoid the post office may be using the company's offerings instead. And as with Zoom Video or even Costco Wholesale (NASDAQ:COST), the hope would be that some of those new users can be converted to longer-term customers.That said, STMP stock slid along with the market for most of the past few weeks, which suggests that investors weren't necessarily pricing in a huge near-term upswing. And Stamps.com has earned its rally as well.Shares were crushed last year after the company announced the loss of exclusivity with the U.S. Postal Service. It then slashed full-year guidance following the first quarter report in May. But since then, Stamps.com has performed better and steadily won back investor confidence. The stock rallied 65% after the Q4 release last month, in large part because adjusted earnings per share were guided to $4 to $5 in 2020, against Street expectations of $3.24.STMP did wind up giving back nearly all of those gains -- but has caught a bid of late. Particularly if the broad market can stabilize, the combination of short-term tailwinds and improved performance makes it one of the more attractive stocks to buy right now. Simply getting back to post-earnings highs suggests upside of almost 50% on top of the 42% year-to-date rally. JD.com (JD)Source: Michael Vi / Shutterstock.com Chinese e-commerce company JD.com (NASDAQ:JD) would seem to be a prime candidate for selling right now. The Chinese economy only now is starting to recover from its coronavirus outbreak. JD stock isn't cheap, at about 30x current consensus EPS expectations for 2020. Few stocks seem more poorly positioned for a "risk off" environment.To be sure, shares have struggled of late. The stock is down about 15% from levels seen earlier this month. Still, the stock is up 11% so far this year and is maintaining support that's held repeatedly in the $36-$37 range.That performance is particularly impressive in the context of rivals. Alibaba (NYSE:BABA) has declined 12% YTD, and Pinduoduo (NASDAQ:PDD) 8%. Investors are fleeing stocks in the category, and in the market, but mostly hanging on to JD.If that outperformance continues, and JD can deliver on its long-term growth potential, the current price under $40 may prove to be a massive buying opportunity. ShotSpotter (SSTI)Source: Shutterstock Like Stamps.com, ShotSpotter (NASDAQ:SSTI) saw a huge bounce following fourth-quarter earnings last month. And like STMP, SSTI stock gave back its gains.In fact, a one-day 32.6% rally after earnings not only was erased, but SSTI dipped below pre-earnings levels. The stock then rallied 26% on Thursday -- likely due to updated guidance for this year.ShotSpotter said after the close on Wednesday that it was cutting its revenue outlook -- but only by about $2 million. The company still expects to be profitable on a GAAP basis for the first time. And it's been able to virtualize its Incident Review Center, allowing staff to work from home but still monitor covered neighborhoods for gunfire detected by the company's namesake solution.Even with the recent volatility, SSTI has gained 18% so far this year. More volatility may follow; this remains an early-stage company still expecting less than $50 million in revenue in 2020.Still, the company is delivering on its promise, and there's an enormous runway for growth. Investors may well believe that if ShotSpotter can grow this year, amid so many challenges for local government, it will grow even faster once some sense of normalcy returns. Veeva Systems (VEEV)Source: IgorGolovniov / Shutterstock.com Veeva Systems (NYSE:VEEV) may receive some modest benefit from the response to the coronavirus. The software developer focuses primarily on the life sciences vertical, and increased activity from customers working on treatments, tests, or vaccines for the new virus could drive higher sales of Veeva products.That said, a modest short-term boost to revenue wouldn't seem like enough to counter valuation fears for a still-expensive name. Yet VEEV, save for a brief decline last week, has performed rather well even as many software-as-a-service peers have fallen sharply. With the selloff now reversed, the stock is up 3% so far in 2020.That bounce makes VEEV an attractive choice for investors both bullish and bearish on the market. Investors looking for stocks to buy no doubt will consider a growth darling that can hold up in all but the most panicked environments.But bears looking for stocks that would struggle in another selloff also might consider VEEV from the short side. For all its positives, this still is a stock valued at a stunning 20x trailing 12-month revenue. Most stocks with similar valuations have sold off sharply over the last few weeks. The fact that VEEV hasn't could be proof of its underlying strength -- or a signal that it's due for a reversal. J.M. Smucker (SJM)Source: JHVEPhoto / Shutterstock.com For a few sessions now, J.M. Smucker (NYSE:SJM) participated in the rally in consumer staples. Investors this week seemed to remember that consumer spending on food and household products would hold up -- and potentially accelerate as U.S. households stocked up.And so we've seen nice gains this week in names ranging from Walmart (NYSE:WMT) and Target (NYSE:TGT) to Procter & Gamble (NYSE:PG) and Clorox (NYSE:CLX) to food plays Conagra Brands (NYSE:CAG) and Campbell Soup (NYSE:CPB).Those rallies did fade a bit on Thursday, as investors looked for stocks to buy in more challenged (and cheaper) sectors. But SJM still looks like one of the better stocks to buy in its own space. The company's transition into safer and faster-growing coffee and pet markets continues apace. It's valuation is attractive. And like peers, SJM should see strong results over the next few months.To be sure, I've been bullish on the stock for some time -- and the bull case simply hasn't played out yet. The stock has traded sideways since September. But, in this market, sideways trading is nothing to sneeze at. Like the other stocks on this list, if SJM can hold up now, it can rally when investor optimism returns.Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. He has no positions in any securities mentioned. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 of the Best Long-Term Stocks to Buy in a Bear Market * 7 "Perfect 10" Healthcare Stocks to Buy Now * Where the FANG Stocks Sit in This Wild Market The post 7 Stocks to Buy That Have Survived the Recent Carnage appeared first on InvestorPlace.
(Bloomberg) -- China’s e-commerce sector is beginning to emerge from a months-long logistics ordeal brought on by the coronavirus outbreak, judging by the latest data on delivery volumes. But a longer-term rebound hinges on a recovery in demand for goods beyond the essentials.Industry leaders Alibaba Group Holding Ltd., JD.com Inc. and Pinduoduo Inc. struggled to meet a surge in demand for household staples and gear such as surgical masks, after the epidemic forced authorities to shut highways and rail nationwide and couriers stayed home. But an analysis of publicly available information by Barclays showed shipping activity in many areas had approached pre-outbreak levels as people resumed work and roadblocks came down.Based on official data showing 3% year-on-year growth of online physical product sales during January and February, e-commerce growth will approach normality in the second quarter, Barclays analysts Gregory Zhao, Ross Sandler and Jane Han wrote. By March 11, full-truck load delivery capacity nationally was 72% of its November 2019 peak, they said, pointing to data from logistics websites G7.com.cn and Chemanman.com. This month, Alibaba’s logistics arm Cainiao -- which ships upwards of a billion packages daily at its peak -- said it was already operating at full capacity.Beijing released data on Monday that suggests the world’s No 2 economy may contract for the first time since 1989, denting consumer spending. Brick-and-mortar merchants have been particularly hard hit and almost half of China’s listed consumer companies don’t have enough liquidity to survive past September, according to a Bloomberg analysis. The situation is less dire online but a full e-commerce recovery will come only when consumers resume buying the big-ticket items that dropped off priority lists at the height of the outbreak, when people rushed to stock up on essentials like groceries, protective gear and household staples.Most middle-class consumers are cautiously tightening spending, said Ashley Galina Dudarenok, founder of China insights and training company Chozan. “That’s the gravest long-term impact of the virus,” she said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
JD.com Inc. (JD), China’s leading technology driven e-commerce and retail infrastructure service provider, said Tuesday that its board of directors approved a program under which it may repurchase $2 billion of its shares over the next 24 months. Under the proposed plan, repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The e-commerce group is said to have hired Bank of America and UBS to work on a second listing on the Hong Kong Stock Exchange, to follow larger rival Alibaba Group Holding Ltd. (BABA), according to press reports on Monday. The majority of Wallstreet analysts provide the Chinese service provider with a buy rating and an average price target of $49.11. The company’s shares dropped 11.4 percent in U.S. trading closing at $35.24. JD.com’s repurchase program will be funded from its existing cash balance, the company said in a statement. Related News: Market Overview: Investors Go Bargain Hunting 3 Grocery Stock to Benefit From the Coronavirus Panic Buying Top Analyst: 3 Stocks to Own Through a Potential Coronavirus Recession
JD said it expects to fund the buyback, to take place over the next 24 months, with existing cash. Last week, SoftBank Group Corp <9984.T> said it was repurchasing up to $4.8 billion of its shares after their recent slump. Shares of JD were up nearly 6% in premarket trading.
JD.com Inc. announced Tuesday that it had received authorization from its board of directors to repurchase up to $2 billion of its shares in the next 24 months. The company said that it plans to fund the buybacks using its current cash balance and that the program is subject to market conditions. U.S.-listed shares of the Chinese internet giant are up 7.2% in premarket trading Tuesday. They've lost 16% over the past month, as the KraneShares China Internet ETF has dropped 23%.
JD.com, Inc. (JD), China’s leading technology driven e-commerce company and retail infrastructure service provider, today announced that its board of directors has authorized a share repurchase program under which the Company may repurchase up to US$2.0 billion of its shares over the next 24 months. The Company’s proposed repurchases may be made from time to time on the open market at prevailing market prices, in privately negotiated transactions, in block trades and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations. The Company’s board of directors will review the share repurchase program periodically, and may authorize adjustment of its terms and size.
Chinese e-commerce retailer JD.com Inc has hired Bank of America and UBS to work on a second listing in Hong Kong, the latest to join the queue of Chinese companies expected to follow Alibaba to trade closer to home, two people with direct knowledge told Reuters. Rival Alibaba warned in mid-February of a drop in revenues at its key e-commerce businesses in the first quarter as the coronavirus sweeping China hits supply chains and deliveries. Alibaba raised $12.9 billion in Hong Kong in November, which was the city's largest deal since 2010 and the world's biggest ever cross-border secondary listing, prompting a number of US-traded Chinese companies to follow suit, including online travel giant Ctrip and internet companies NetEase Inc and Baidu Inc.
China, the epicenter of the coronavirus outbreak, may already be getting back to normal. JD.com (NASDAQ:JD) stock, considered the country's second-leading e-commerce merchant after Alibaba (NYSE:BABA), closed March 12 higher than where it started the year.Source: Michael Vi / Shutterstock.com The gains in JD stock have continued in U.S. trade as well. The company's market cap is over $56 billion on a sales growth rate of 25%. For the year it generated free cash flow of $2.8 billion.JD's Christmas quarter, announced early in March, dazzled investors, with net income of $116 million, 8 cents per share, and revenue of $24.5 billion. The company now has 362 million customers, 70% of them from smaller cities.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Is China Back?China is already sending doctors to countries like Iran, Italy and Pakistan, where caseloads are increasing. China's leading expert on the virus says the global outbreak could be over by June if proper measures are taken. * 7 Game-Changing Tech Stocks to Buy Now There have been over 80,000 cases of the coronavirus in China, by the government's estimate, and over 62,000 have already recovered. The government is signaling that the worst is over there.If that's the case, the Chinese economy, and JD, could see even faster growth. The company is due to report its March quarter on June 1, with a loss of 13 cents per share expected on revenue of $19.21 billion. That would represent growth of 11.6% over last year's first quarter.Some analysts are beginning to call JD undervalued, pointing to its growth rate and higher margins. By all reports JD.Com is also stable at the top, having already announced a successor for its retiring CFO, Sidney Huang. Is JD An Outlier?If JD and other Chinese companies are already seeing growth after the virus, it could mean the outbreak won't take the toll on global growth analysts had feared.During the worst of the outbreak, JD switched from delivering luxury goods to staples in the impacted areas, creating 35,000 new jobs in the process. CEO Liu Qiangdong, also known as Richard Liu, used his experience running the company during the 2003 SARS epidemic to prepare JD for the coronavirus.InvestorPlace contributor Larry Ramer recently called JD a better pick than Alibaba. He writes the company keeps beating expectations. He suggested the drones and robots of its logistics unit are proving more successful during the outbreak than Alibaba's outsourced delivery. He expects growth to accelerate and market share to increase as the year goes on.Long-term investors are also starting to like JD because of its logistics network. Pinduoduo (NASDAQ:PDD), once considered a major low-cost rival to JD, is now seeing decelerating growth and is burning cash. Its most recent quarter missed estimates, even as it ramped up promotions and subsidies. The Bottom Line on JD StockIt may be that JD is an outlier, one of the few Chinese companies that are succeeding despite the coronavirus.It also may be true that the threat from this virus is overestimated. Wuhan has 11 million people, the Hubei province has 58 million, but China has only reported 90,000 cases of coronavirus.I wouldn't buy JD stock here because, if these estimates are accurate, the rest of the market is dirt cheap and offers an unparalleled buying opportunity. But the company's results represent good news. With millions of Americans in panic mode, with so much about the coronavirus unknown, the success of JD in getting through what looks like the worst of the outbreak should at least be reassuring.Dana Blankenhorn has been a financial journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in BABA. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 7 Stocks to Sell as We Enter a Bear Market * 4 Energy Stocks Paying Jaw-Dropping Dividends * 3 Stocks to Buy That Will Dodge Any Volatile Market The post Is JD Stock a Solid Buy After Reaching Stability? appeared first on InvestorPlace.
The coronavirus story has become frightening. You can't even turn on the news anymore without seeing reports about the unstoppable virus that's affected more than 100,000 people around the world. Numbers are only mounting. Governments around the world are racing to protect the public. At the same time, it's crushing just about every stock on the market, some unfairly, like Alibaba (NYSE:BABA).Source: testing / Shutterstock.com However, just as we noted about JD.com (NASDAQ:JD), BABA provides shelter from the storm.In fact, that's how Bernstein analyst Robin Zhu described companies like JD and BABA. All "as people stuck at home flock to play games and shop -- cementing online habits," reported Barron's contributor Reshma Kapadia. As investors realize that, I strongly believe Alibaba stock can return to $230, near-term.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Alibaba is More Than an E-Commerce Giant"Alibaba is a complex entity. It is often described as an e-commerce giant -- but it is far more than that," said Veljko Fotak, PhD, associate professor in the Department of Finance, School of Management at University at Buffalo. "While factory shutdowns all over China cannot be good news for a company that is, at its core, a business-to-business marketplace for the mainland, some aspects of the business are set to prosper." * 10 Ways to Diversify Your Portfolio at This Time of Crisis In addition, "There is something surreal about how resilient this stock has been, in the face of such shock to domestic industrial activity. A couple of weeks ago, the company revealed that its logistic arm was operating at 20% capacity, with couriers unable to return to work and local mobility restrictions hampering deliveries. This week, we have seen news that Alibaba's research labs have developed an artificial intelligence system that can diagnose the COVID-19 virus based on images from CT scans."At the same time, Alibaba is the Amazon (NASDAQ:AMZN) of China. Not only is it best known for e-commerce, it's also involved in the explosive cloud computing business. As I noted in November, with the global cloud market expected to grow 17.5% this year to $214.3 billion from $182.4 billion in 2018, according to Gartner, BABA stock could be a major beneficiary. Analysts are Still Bullish on AlibabaWhile Alibaba CEO Daniel Zhang did say the virus is a "black swan" event that would negatively affect the company's suppliers and employees, analysts aren't too concerned. The "underlying fundamentals [are] still solid" for China's largest e-commerce company, Susquehanna Investment Group's Shyam Patil said. He still thinks Alibaba is "the China e-commerce category killer with a large secular growth opportunity ahead." * 9 Recession-Proof Stocks to Disinfect the Coronavirus Plus, company delivery operations are already returning to normal, says Motley Fool contributor Donna Fuscaldo, who highlighted that "Cainiao, the global logistics company majority-owned by Alibaba, has returned to pre-coronavirus levels." Bottom Line on Alibaba StockThe coronavirus has been devastating for global markets and stocks. Unfortunately, Alibaba stock, like other quality equities, are being thrown out with the bathwater. However, BABA stock remains one of the best "shelter from the storm" names to own throughout and after the crisis.Ian Cooper, an InvestorPlace.com contributor, has been analyzing stocks and options for web-based advisories since 1999. As of this writing, Ian Cooper did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy After The Market's Historic Sell-Off * 9 Gold Stocks to Stave Off Coronavirus-Induced Volatility * 7 Stocks to Buy After International Women's Day The post Hereas Why Alibaba Stock is Considered a Top Shelter From the Storm appeared first on InvestorPlace.
(Bloomberg) -- Australia’s Airwallex group is seeking about $200 million in a series D equity funding round to bankroll its cross-border payments business globally, according to people familiar with the matter.The company is valued at about $1.5 billion pre-money, said the people, who requested not to be named because the matter is private. The startup is talking with a strategic international financial company to lead its latest round, one of the people said.Airwallex said in an emailed statement that it was in the process of raising funds, but declined to comment further.Started in a Melbourne coffee shop in 2015, the company has attracted backers including Tencent Holdings Ltd., DST Global, Sequoia Capital, Hillhouse Capital Management Ltd. and Mastercard Inc. Airwallex was co-founded by Jack Zhang, the current chief executive officer, along with co-founders Lucy Liu, Jacob Dai and Max Li.It helps clients settle payments when their users spend money overseas.Airwallex primarily works with business clients such as merchants in China, enabling them to receive overseas payments in local currency within hours. Clients can use its service to open foreign currency accounts in the U.S., U.K., Europe and Australia.Customers include Tencent’s WeChat, e-commerce site JD.com Inc and online learning platform 51Talk, the company said. It has 400 employees across 10 offices around the world.Airwallex said it has raised over $200 million in venture funding to date. It was valued at more than $1 billion in March last year, based on the previous funding round.(Updates with names of founders in fourth paragraph)To contact the reporters on this story: Lulu Yilun Chen in Hong Kong at firstname.lastname@example.org;Dong Cao in Beijing at email@example.comTo contact the editors responsible for this story: Candice Zachariahs at firstname.lastname@example.org, David Morris (News), Fion LiFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
President Trump banned travel from Europe to fight the coronavirus. The market correction has hit bear market levels. Apple, Tesla, AMD, JD.com and Eli Lilly are worth watching.
As U.S. investors grapple with rising confirmed cases of coronavirus and assess the recent market carnage, those looking for light at the end of the tunnel are turning to China’s experience—and nascent comeback.
(Bloomberg) -- Alibaba Group Holding Ltd.’s parcel and meal delivery arms have returned to pre-coronavirus outbreak staffing levels, the latest example of how China’s largest corporations are getting back to work after Beijing’s entreaty to safeguard economic growth.Cainiao, of which Alibaba owns more than 60%, is again at full strength after a few weeks during which the epidemic disrupted transport and held up shipments. Meal delivery unit Ele.me and grocery chain Freshippo are also back at full strength and operating at “full capabilities” at present, an Alibaba spokeswoman said.That recovery underscores how the world’s No. 2 economy is slowly getting up to speed after Covid-19 confined millions to their homes and paralyzed roads and rail nationwide. Cainiao, the company at the heart of Alibaba’s e-commerce business, oversees a network of millions of delivery people that can handle upwards of a billion packages daily at their peak.Last week, Alibaba-rival JD.com Inc. forecast at least 10% revenue growth this quarter, suggesting online retail in China was proving more resilient to the coronavirus epidemic than anticipated.Read more: Chinese Abandon Food Delivery Fearing Drivers Will Spread VirusTo contact the reporter on this story: Zheping Huang in Hong Kong at email@example.comTo contact the editors responsible for this story: Peter Elstrom at firstname.lastname@example.org, Edwin ChanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. We estimate that COVID-19 will kill around 5 million people worldwide and there is a 3.3% probability that Donald Trump will die from the new coronavirus (read the details). In these volatile markets we scrutinize hedge fund filings to get a […]
Alibaba, JD.com, Tencent, Vipshop and ZTO Express are China stocks worth adding to watchlists amid the coronavirus stock market correction.
Moody's Investors Service says that JD.com, Inc.'s (Baa2 positive) better-than-expected results for 2019 continue to support its credit quality, but that ongoing investment needs could delay an improvement in leverage. "JD.com's total revenue increased by 24.9% in 2019 from the previous year, mainly driven by an increase in active customers and a 63.2% increase in the company's new businesses segments, in particular its logistics services," says Lina Choi, a Moody's Senior Vice President. Moody's estimates that JD.com's adjusted EBITDA increased by approximately 52% to around RMB18.6 billion in 2019, driven primarily by revenue growth and margin expansion.