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Growing middle-class income could mean increased spending on consumer products and services in emerging markets.
Alibaba Group Holding Limited
The Coca-Cola Company
New Oriental Education & Technology Group Inc.
Vipshop Holdings Limited
Huazhu Group Limited
Tata Motors Limited
LG Display Co., Ltd.
Companhia Brasileira de Distribuicao
Grupo Televisa, S.A.B.
Gol Linhas Aereas Inteligentes S.A.
Yiren Digital Ltd.
Tupperware Brands Corporation
Jumei International Holding Limited
Fang Holdings Limited
AliExpress Russia, an e-commerce venture between Chinese online shopping giant Alibaba and Russian partners, said it was aiming for annual turnover of $10 billion by 2022-2023, up from what analysts estimate is about $6 billion now. Chief Executive Dmitry Sergeev, who did not give details on current turnover, told Reuters the company could consider an initial public offering (IPO) in three to four years, although he called the existing shareholding structure "optimal". The venture between Alibaba, the Russian Direct Investment Fund, mobile operator Megafon and internet firm Mail.Ru is one of several players expanding in Russia's 2 trillion rouble ($28 billion) e-commerce market.
NetEase (NTES) saw a big move last session, as its shares jumped more than 6% on the day, amid huge volumes.
With steady improvement in demand, Gol Linhas (GOL) increases July services to 250 flights per day from 120 flights in June. Thanks to rise in cargo revenues, the airline's Q2 RASK view is bullish.
Alibaba Group Holding Limited today announced that it filed its annual report on Form 20-F for the fiscal year ended March 31, 2020.
Cloud computing has been a promising investment theme in recent years. As NVIDIA (NASDAQ: NVDA) CEO Jensen Huang said on a recent conference call, "The basic computing elements are now storage servers, CPU servers, and GPU servers and are composed and orchestrated by hyperscale applications that are serving millions of users simultaneously." Research firm Gartner previously forecast that the total cloud computing market will grow 17% this year to reach $266 billion, and that was before a global pandemic accelerated the trend.
An initial public offering from Alibaba's <9988.HK> Ant Group by year-end would give equity capital markets in Hong Kong a timely boost after a new security law cast in doubt the city's future as a global financial centre, analysts said on Thursday. With new deals worth $4.17 billion (£3.31 billion) in the first half, Hong Kong's exchange accounted for 7.6% of the global IPO market, though down from a share of 11%, and deals worth $7.91 billion, in the same period last year, Refinitiv data showed. The fall in value ranked Hong Kong as the fourth most active exchange after the Nasdaq, mainland China's new Star Market and the Shanghai stock market.
On CNBC's "Fast Money Halftime Report," Pete Najarian spoke about Alibaba Group Holding Ltd - ADR (NYSE: BABA). He said the stock traded 20% higher in a very short time frame and yet traders are buying the July $275 calls. They're expecting even more upside.Around 6,000 contracts were traded in the first half of the trading session and traders were paying around $2.75 for them. Najarian added that buyers of these calls are hedging their positions by selling the July $290 calls. This trade is short term as calls expire next Friday.See Also: 4 Reasons Alibaba's Stock Is A Buy Right NowNajarian also noticed some bullish options activity in Cleveland-Cliffs Inc (NYSE: CLF). Around 30,000 contracts of the July $6 calls were traded early in the session. Traders paid around 20 cents for these calls.Najarian likes both trades and he decided to follow them.Image: Andy Mitchell, FlickrSee more from Benzinga * Fast Money Picks For June 1(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
In the updated daily bar chart of JD, below, we can see that prices have been in an uptrend from early October. The On-Balance-Volume (OBV) line bottomed in October and its steady rise confirms the price gains and supports further gains. In the weekly bar chart of JD, below, we went back five years to show how prices have broken out over the highs of 2017-2018.
The company has benefited from investors’ appetite for any stocks related to e-commerce and its strong presence in the cloud during the pandemic.
SoftBank Group shares have moved steadily higher in recent sessions. The stock has rallied 130% from its March lows and now sits at a 20-year high.
Today we will run through one way of estimating the intrinsic value of The Coca-Cola Company (NYSE:KO) by estimating...
With market volatility picking up lately, it might seem like a good idea to hedge your portfolio against another downturn. But hedging strategies come at a price.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We at Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F […]
Despite signing up more than 1,000 advertisers, leaders of the ADL and Color of Change say the boycott is likely to have a limited impact on Facebook’s financial results.
The Dow Jones Industrial Average sold off on today's stock market, but the Nasdaq composite closed higher. A handful of China stocks led the market.
Yahoo Finance’s Emily McCormick joins Kristin Myers to break down Needham's buy rating of Alibaba and “strategic position in the e-commerce value chain.”
Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading at record highs, and one analyst is of the view the stock still offers a buying opportunity.The Alibaba Analyst: Needham's Vincent Yu initiated coverage of Alibaba with a Buy rating and $275 price target. The stock is also added to Needham's "Conviction List."The Alibaba Thesis: Alibaba, which owns Taobao and Tmall, will remain the No. 1 player in the e-commerce market as it strengthens efforts to attract customers from lower-tier cities, Yu said in a Thursday note. 1. The analyst expects the company's Juhuasuan and Taobao Deals, which provide value-for-money products and target consumers in lower-tier cities, to drive user and gross merchandise value growth in the near term. 2. The analyst believes Alibaba's Taobao Live is the "best-in-class" e-commerce live-streaming platform on the market, as e-commerce live-streaming gains popularity. Taobao Live's industry-leading market position and highly efficient supply chain helped grow GMV over 100% in the fiscal year 2020, he noted. 3. Alibaba's Ele.me and Koubei food delivery platform will remain the second-largest player in the local services market, the analyst said. The company is trying to leverage in-app traffic of Alipay, and explore opportunities in lower-tier cities. 4. Yu sees the company's cloud platform - AliCloud - as an upside driver for top-line and margin expansion."We think Alicloud, as the market leader in China (~46% market share), is benefiting from the shift away from traditional IT infrastructure toward the Cloud by enterprises and government agencies," Yu wrote in the note.Needham said the company's strengths are likely to serve as crucial competitive barriers to newer market entrants, such as Pinduoduo Inc - ADR (NASDAQ: PDD), which over the past two years has aggressively used subsidies to pursue customers.BABA Price Action: At last check, Alibaba shares were up 1.08% to $260.42.Related Links:Alibaba Analyst: 'Short-Term Headwinds Well Know, Long-Term Story Intact'Beyond Meat To Make Chinese Retail Debut With Alibaba Partnership Image: Andy Mitchell, FlickrLatest Ratings for BABA DateFirmActionFromTo Jul 2020NeedhamInitiates Coverage OnBuy May 2020CFRAMaintainsHold May 2020Nomura InstinetMaintainsBuy View More Analyst Ratings for BABA View the Latest Analyst Ratings See more from Benzinga * Chinese EV Maker Xpeng Motors Seeks 0M US IPO: Report * JD.com Plans To Kickstart Hong Kong IPO As US-Listed Chinese Firms Increasingly Look Toward Home(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The 30-stock Dow Jones has gained as much as 5.1% since the June 26 sell-off and key test of its rising 50-day moving average.
Alibaba Group Holding (NYSE: BABA) shares are trading higher on Thursday after Needham initiated coverage on the company's stock with a Buy rating and announced a $275 price target.Alibaba is the world's largest online and mobile commerce company, measured by GMV (CNY 5.7 trillion/$846 billion for the fiscal year ended March 2019). It operates China's most-visited online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer).Alibaba's China marketplaces accounted for 68% of revenue in fiscal 2019, with Taobao generating revenue through advertising and other merchant data services and Tmall deriving revenue from commission fees.Alibaba's stock was trading up 0.38% at $258.63 on Thursday during the time of publication. The stock has a 52-week high of $268 and a 52-week low of $151.85.Related Links:Here's How Much Investing ,000 In The 2014 Alibaba IPO Would Be Worth TodayUS Senate Passes New Regulations For Chinese Companies; Alibaba, Others Trade DownLatest Ratings for BABA DateFirmActionFromTo Jul 2020NeedhamInitiates Coverage OnBuy May 2020CFRAMaintainsHold May 2020Nomura InstinetMaintainsBuy View More Analyst Ratings for BABA View the Latest Analyst RatingsSee more from Benzinga * Alibaba Reports Q4 Earnings Beat * US Senate Passes New Regulations For Chinese Companies; Alibaba, Others Trade Down(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Alibaba Group "will remain the No.1 player in the e-commerce market," according to a Needham analyst, who initiated coverage of the Chinese e-commerce giant on Thursday with a buy rating. Analyst Vincent Yu, who set a $275 price target for the stock, also added Alibaba to his conviction list. Yu said in a note to clients that Alibaba should continue to be the top player in China's e-commerce market as it increases efforts to attract customers from lower-tier cities, although he warned that competition looms.
Video games have become a huge business. That’s raised interest in video game stocks, including those that are considered esports stocks. Top names include Activision, EA and Take-Two.