All articles tagged with #baba
Alibaba's stock (BABA) declined following a $3.2 billion convertible notes offering, which raised concerns among investors about the company's financial strategy and impact on stock value.
Analysts have increased their price targets for Alibaba (BABA) following strong first-quarter earnings and significant growth in its cloud computing segment, reflecting confidence in the company's financial performance.
The article highlights the biggest stock movers on Monday, including Tesla (TSLA), Alibaba (BABA), and Nike (NKE), suggesting that the market may have hit a bottom, but the content is limited and somewhat confusing.
Alibaba reported third-quarter fiscal 2024 earnings of $2.67 per ADS, missing estimates, with revenues rising 5% year-over-year to $36.7 billion. The increase was driven by strong momentum in international commerce retail and local services, but sluggish growth in the China commerce business was a concern. Operating details showed increased expenses and a decrease in operating income. The company's cash and cash equivalents increased, and it generated $9.1 billion in cash from operations. Alibaba carries a Zacks Rank #3 (Hold), and investors interested in the retail-wholesale sector may consider stocks like Amazon, Fastenal, and Darden Restaurants.
China's stock market continues to struggle, with the CSI 300 Index hitting a four-year low and Chinese companies like Alibaba, Baidu, JD.com, and Tencent facing significant YTD declines. Seeking Alpha analysts offer varying perspectives on these stocks, with some seeing opportunities for value investors while others express concerns about irrational valuations. Other Chinese stocks like NIO, Li Auto, KE Holdings, Meituan, and PDD have also suffered notable losses in 2024. Additionally, investors can consider Chinese ETFs like KWEB, PGJ, CQQQ, FXI, and GXC as potential investment options amidst the market turmoil.
Jim Cramer lists the top 10 things to watch in the stock market on Friday, including concerns about a bubble in core tech holdings such as AMD, NVDA, META, MSFT, AMZN, and GOOGL, as well as updates on Foot Locker, ULTA, Morgan Stanley, Disney, Salesforce, Bausch Health, Home Depot, and Alibaba. Cramer's Charitable Trust also provides trade alerts to subscribers.