|Bid||0.00 x 1000|
|Ask||154.23 x 900|
|Day's Range||152.14 - 155.80|
|52 Week Range||130.06 - 211.70|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||45.77|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||204.07|
Nov.15 -- Alex Yao, co-head of APAC technology, media and telecom (TMT) researcht at JPMorgan Chase & Co., talks about Tencent's results and outlook. Tencent’s inability to offer clarity on new game approvals took the gloss off its better-than-expected third-quarter update. Yao also discusses the prospects for the biggest Chinese technology companies with Rishaad Salamat on the sidelines of the bank's Global TMT Conference in Hong Kong on "Bloomberg Markets: Asia."
The Chinese e-commerce leader moved a massive amount of merchandise during its tenth annual sales extravaganza.
In the previous part of this series, we looked at why China’s light vehicle sales continued to fall on a YoY (year-over-year) basis for the fourth straight month in October. In the first ten months of 2018, China’s (MCHI) auto sales have fallen marginally by 0.06% YoY to 22.9 million units. Total US light vehicle sales stood at about 1.36 million units in October, according to data compiled by MarkLines Data Center, up 0.1% year-over-year. ...
U.S. stock futures are trading sharply lower this morning despite buyers stepping in on Thursday to prevent the market from falling for the sixth day in a row. The overnight gap is reversing much of the gains garnered during yesterday’s strong rebound, proving the difficulty of trading in this volatility riddled market.
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.
According to a report by the Audio Publishers Association, audiobook sales generated $2.5 billion worth of revenue in 2017, a rise from $2.1 billion in 2016, showing that the market expanded 22.7% last year. Amazon (AMZN) is broadening its pursuit of the commercial opportunity created by the growing demand for audiobooks. The company has recently introduced its Audible service in India, one of the world’s fastest-growing markets for digital products and services.
Amazon’s (AMZN) India unit suffered more losses in India in its last fiscal year than it did in the previous year, according to the company’s government filings. Amazon’s revenue in India jumped 54% to ~$702.8 million in the fiscal year that ended in March, the Economic Times reported, citing regulatory filings. Amazon said in regulatory filings in India that its losses in the country had increased because of its continued investment in developing its infrastructure and launching new products and services.
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.
In March 2014, Facebook (FB) announced a deal to acquire virtual reality systems developer Oculus for $2.0 billion, a huge investment for a company that had just gone public two years earlier. The acquisition of Oculus was viewed as an attempt by Facebook to broaden its revenue streams. In the third quarter of 2018, Facebook’s revenue from non-advertising operations was $188 million, a decline of 20.7% in four years.
Chinese electric car maker NIO (NIO), popularly known as China’s Tesla (TSLA) killer, has been breaking the rules of market gravity. Meanwhile, companies (XLY) such as General Motors (GM) and Ford Motor Company (F) have fallen 3.7% and 0.1%, respectively, in November so far. NIO’s direct US peer Tesla has inched up 2.0% this month.
According to Reuters, citing unnamed US government sources, “China has delivered a written response to U.S. demands for wide-ranging trade reforms.” Notably, the US-China trade talks were on a virtual hold for a few months before mid-term elections. Earlier this month, President Trump and President Xi Jinping had a phone call. As we note in the previous part, the trade war seems to be taking a toll on consumer and business sentiments in China (FXI).
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.
As of November 13, Facebook (FB) yielded a return of 0.43% on a volume of 15.04 million to close at $142.16. Facebook generated investor returns of -7.4% in the trailing-one-month period and -20.5% in the trailing-12-month period. The company’s stock price lost 5.2% in the trailing-five-day period.
Facebook (FB) has launched its online car listing service, Marketplace Autos, in Australia, according to the Sydney Morning Herald. The launch comes after Facebook determined that a lot of Australians use its social network to search for cars. Facebook’s Australian car listings service will initially focus on used cars, showing a strategic move by the company into Australia’s auto classified market.
China-based Alibaba (BABA) reported soft revenues in the second quarter of fiscal 2019, as the e-commerce giant struggled to gain momentum amid the growing tensions between the US and China (MCHI) (FXI). While Alibaba’s adjusted earnings of $1.40 per share surpassed the consensus estimates by 25% and were 14.8% higher on a YoY basis, revenues showed weakness in the second quarter. Alibaba’s second-quarter revenue of 85.15 billion Chinese yuan (or $12.4 billion) missed the Wall Street expectations of $12.7 billion.
For the tenth consecutive month, the so-called FAANG and BAT stocks—the US stocks Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Google (GOOGL) and China’s Baidu (BIDU), Alibaba (BABA), and Tencent (TCEHY)—remained the most crowded trades. However, investors’ sentiment seems to be shifting, as only 29% of the respondents determined them to be the most crowded trade as compared to 32% last month and 36% a month before that.
Nov 15 (Reuters) - Alibaba Health Information Technology Ltd : * ANNOUNCES ENTRY INTO STRATEGIC COOPERATION AGREEMENT WITH ALIPAY * UNDER AGREEMENT, ALIBABA HEALTH TO ESTABLISH AND OPERATE A HEALTHCARE ...
Billionaire manager David Tepper's firm had added 100,000 shares of Apple and 1.2 million shares of financial firm State Street by the end of September.