190.86 -0.32 (-0.17%)
After hours: 4:05PM EDT
|Bid||191.03 x 800|
|Ask||191.02 x 1300|
|Day's Range||188.30 - 198.10|
|52 Week Range||137.52 - 211.70|
|PE Ratio (TTM)||50.66|
|Earnings Date||Aug 15, 2018 - Aug 20, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||243.09|
In the U.S.-China trade war, the Trump administration is pouring more gasoline on the fire. As reported by The Wall Street Journal, the administration may ratchet up existing tensions with a two-pronged initiative to restrict investment in U.S. tech firms by Chinese companies, and to block tech exports to China. The plan is being crafted by the U.S. Treasury, and would target Chinese investments in "industrially significant technology," the report said.
Alibaba Chairman Jack Ma is bullish on blockchain but reportedly says he would stay away from bitcoin because it could be a bubble. Ant Financial, the financial-technology affiliate of Alibaba, launched a joint venture in Hong Kong Monday that uses blockchain for a cross-border remittance service. “Technology itself isn’t the bubble, but bitcoin likely is," Ma said, according to the Wall Street Journal.
This year, just as in 2017, appeared to be a golden one for Chinese publicly-traded companies. Unfortunately for Sohu.com Ltd – ADR (NASDAQ:SOHU) and stakeholders of Sohu stock, the multi-varied internet services provider just never got going. In Q4, Sohu stock could only muster a loss of $2.01, which was far below consensus estimates calling for a loss of $1.44.
Don't be scared to trade China. As the trade war volatility escalates between the U.S. and China, Trump has added more fuel to fire with his latest offensive to restrict Chinese investment in U.S. tech companies. Chinese e-commerce powerhouse Alibaba has eclipsed the headlines for all the right reasons.
June 25 (Reuters) - Alibaba Health Information Technology Ltd: * ALIBABA HEALTH (CHINA) SHALL INJECT RMB454.4 MILLION IN CASH INTO SHUYU CIVILIAN PHARMACY CORP * UPON COMPLETION OF CAPITAL INCREASE , ALIBABA ...
It would seem like good news for JD.com Inc(ADR) (NASDAQ:JD) that Alphabet Inc (NASDAQ:GOOGL,GOOG) is investing in the company. JD stock actually is down about 1.5% over the past twelve months but has traded between $34 and $51 over that time frame. If anything, the Google deal only adds to the bull case for JD stock even if investors don’t seem to agree at the moment.
Alibaba Holding Group (BABA) is lower on Monday, no doubt hurt by worries of an escalating trade war with China that may now extend specifically to technology. "Although Alibaba has also become a global brand and now operates internationally, the bulk of gross merchandise volume (GMV), revenue and profit is recognized in China," Kelleher writes. "We therefore believe Alibaba’s risks related to a potential trade war are relatively low, given this strong domestic base of business." Alibaba is one of the “super seven” cloud data-center companies, while the company's retail side boasts 552 million active annual consumers in its China retail marketplace alone at the end of the last fiscal year.
The European Commission has signed an agreement with four major online retailers to combat the listing of dangerous products on Europe's online shopping sites. Dangerous content, as defined by the Commission, includes anything from incitement to hatred and violence to child sexual abuse material, unsafe products and products infringing copyright. AliExpress, Amazon, eBay and Rakuten-France agreed to remove dangerous product listings within two days of being notified by authorities and respond to customer notifications within five days.
The future is bright for JD.com (JD) and Alibaba (BABA) in their domestic market, according to the latest retail statistics from China’s national statistics agency. China’s total retail sales grew 8.5% in May, continuing the growth from the previous month, during which retail sales in the country rose 9.4%.
Unlike many other so-called balanced funds, which gravitate toward value stocks, the Plumb Balanced fund prefers to buy growth names. “If stocks are better for returns than bonds,” manager Tom Plumb explains, “then you should look for stocks with the best total return—growth companies. Plumb gravitates toward companies that are swimming with the tide of major secular trends.
Several tech giants still carry reasonable valuations -- at least after accounting for the impact of heavy near-term spending and/or business model transitions. Apple's revenue growth profile isn't as strong as that of some of the companies mentioned below -- the consensus is for Apple to see 14% revenue growth in fiscal 2018, but just 4% growth in fiscal 2019.
Alibaba (BABA) is raising its stake in Alibaba Health, its Hong Kong–listed, health-focused subsidiary. Alibaba is selling certain healthcare operations to Alibaba Health in exchange for ~$1.3 billion worth of newly issued shares in the health unit. Once the transaction is completed, Alibaba’s equity ownership in Alibaba Health is set to rise to 56.2% from its current level of 48.1%.