Nasdaq BABA Alibaba

The Hong Kong-listed shares of Alibaba Group were set to fall 7.8% on Friday after it scrapped plans to spin off its cloud business, citing uncertainties over U.S. restrictions on chips used in artifical intelligence applications.

Tech stocks advanced late Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) and the Philadelphia Semiconductor Index each adding 0.4%.

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Shares of Alibaba (NYSE: BABA) were taking a dive today after the company reported results that were mostly in line with estimates, but said it was abandoning its plan to spin off its cloud business due to new U.S. export rules.

In this video, I will talk about Alibaba (NYSE: BABA), review its recent earnings report, and talk about why the stock is down despite improved profitability and the announcement of an annual cash dividend.

As we approach the final months of 2023, consumer strength has been somewhat mixed but has overall been running out of steam due to stubbornly high grocery prices and higher housing costs. Interestingly, consumers continue to spend on experiences like concerts, movies, and restaurants. But to do this, they are cutting back on prices by [...] Read more at ETFTrends.com.

The NASDAQ 100 Pre-Market Indicator is down -36.8 to 15,780.38. The total Pre-Market volume is currently 29,830,153 shares traded.The following are the most active stocks for the pre-market session: Alibaba Group Holding Limited (BABA) is -7.2 at $79.87, with 6,160,034 shares tr

Below is Validea's guru fundamental report for ALIBABA GROUP HOLDING LTD - ADR (BABA). Of the 22 guru strategies we follow, BABA rates highest using our Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent a

China's Alibaba Group Holding said on Thursday it will scrap the spin off of its cloud unit in response to export curbs by the United States on chips used in artificial intelligence applications.

China's Ant Group made net profit of 2.59 billion yuan ($357.34 million) in the three months to June 30, down 66.45% from a year earlier, according to Reuters calculations from Alibaba Group Holding's earnings report released Thursday.

China's Alibaba Group Holding reported second-quarter revenue on Thursday that was in line with analysts' estimates as the country's retail sector recovers from the effects of pandemic-fueled lockdowns.

Due to supply-chain issues and other factors, China's economic recovery has been uneven in 2023. If you expect the situation to improve in China, however, then you're invited to take a closer look at JD.com ( NASDAQ:JD ). I am cautiously bullish on JD stock and feel that it may be appropriate for people with an open mind to international investing. JD.com offers a range of electronics, appliances, and other products online, as well as logistics services in China. It's not the size of Alibaba ( NYSE:BABA ) by any means, but JD.com is a well-known business in China. Granted, it's risky to expose one's portfolio to China's fragile economy now. Yet, JD.com's fresh round of financial results indicates that this company can thrive even in challenging circumstances. Is JD.com Stock Undervalued Right Now? Even while America's "Magnificent Seven" technology stocks surged in 2023, JD.com stock continued to print new short-term lows throughout the year. The stock started 2023 with a rally to $66, only to drop into the $20s recently. This, I would suggest, reflects uncertainty about China's recovery prospects and isn't necessarily the market's statement about JD.com in particular. Quarter after quarter, JD.com has consistently beaten Wall Street's EPS forecasts. So, there's been no compelling reason for investors to dislike JD.com as a company. The result might be a hidden gem for value investors. JD.com stock is obviously trading at a depressed price. What about the company's valuation, though? As it turns out, JD.com has a non-GAAP trailing 12-month price-to-earnings (P/E) ratio of just 9x. In contrast, the sector median P/E ratio is 13.2x, which itself is reasonably low. Of course, this isn't a reason to just go out and buy JD.com stock. Investors should want some assurance that the company is surviving in China's current economy. Fortunately, JD.com's third-quarter 2023 financial results gave the company another earnings beat and plenty of reasons to be confident about the future. JD.com Grows, Even if China's Economy Slows Despite the bigger-picture challenges, JD.com proved that it can still grow and provide excellent value to the shareholders. Impressively, JD.com announced adjusted  earnings of RMB6.70 or $0.92 per American Depository Share (ADS) for the third quarter of 2023.   Let's put this in context. In the year-earlier quarter, JD.com only earned RMB6.27 per ADS. In addition, the company's Q3-2023 EPS result beat the analyst consensus estimate of $0.82 per ADS. This isn't to suggest that JD.com had a perfect quarter. The company’s  net revenue increased by 1.7% year-over-year to RMB247.7 billion or $34 billion, so there was moderate growth. However, this result fell short of the consensus estimate of $34.34 billion. Still, the bottom-line beat can't be denied. Furthermore, JD.com's free cash flow (excluding certain items) for the 12 months ended September 30, 2023, came in strong at RMB39.4 billion (US$5.4 billion). That's a notable improvement over the company's free cash flow of RMB25.8 billion for the 12 months ended September 30, 2022. How did JD.com achieve a surprisingly positive quarter? The company's CFO, Ian Su Shan, attributed JD.com's "record profitability for the quarter and healthy cash flow" to "successful business evolvement and supply chain strengths." If the CFO is confident about JD.com's supply chain, even while China struggles in this area, I'd say that's a great sign for the company. Is JD.com Stock a Buy, According to Analysts? On TipRanks, JD comes in as a Moderate Buy based on 13 Buys and six Hold ratings assigned by analysts in the past three months. The average JD.com stock price target is $44.34, implying 55.5% upside potential. If you’re wondering which analyst you should follow if you want to buy and sell JD stock, the most profitable analyst covering the stock (on a one-year timeframe) is Jialong Shi of Nomura, with an average return of 17.26% per rating. Click on the image below to learn more. Conclusion: Should You Consider JD.com Stock? Many U.S.-based investors might not have ever looked at JD.com. That's why international investors can have advantages -- since hidden gems can sometimes be discovered abroad. JD.com looks like a hidden gem, though there are still risks involved since China's economy remains uncertain. Nonetheless, the data demonstrates JD.com's surprising resilience and growth despite ongoing macroeconomic challenges. Therefore, if you don't mind dealing with potential share price volatility, I think JD stock is worth considering. Disclosure

The following companies are expected to report earnings prior to market open on 11/16/2023. Visit our Earnings Calendar for a full list of expected earnings releases.Walmart Inc. (WMT)is reporting for the quarter ending October 31, 2023. The supermarket company's consensus earni

It's a good day for the broad market, but Wednesday is proving to be a great day for several Chinese stocks. Shares of consumer-facing Alibaba Group (NYSE: BABA) are higher to the tune of 3.8% as of 12:30 p.m. ET today, while PDD Holdings (NASDAQ: PDD) stock -- the company former

Alibaba Group Holding Limited’s BABA second-quarter fiscal 2024 results, slated for release on Nov 16, are expected to reflect the impacts of the strengthening cloud computing segment.Moreover, the segment has turned out to be one

Earnings season may be winding down, but one of China's most prolific growth stocks has yet to step up with its latest financial results. Alibaba Group (NYSE: BABA) will announce its fiscal second-quarter results before the U.S. market opens for trading on Thursday morning. A lot

The NASDAQ 100 Pre-Market Indicator is up 71.58 to 15,884.05. The total Pre-Market volume is currently 48,355,800 shares traded.The following are the most active stocks for the pre-market session: Kinnate Biopharma Inc. (KNTE) is +0.49 at $2.06, with 5,876,421 shares traded. As

Below is Validea's guru fundamental report for ALIBABA GROUP HOLDING LTD - ADR (BABA). Of the 22 guru strategies we follow, BABA rates highest using our Growth Investor model based on the published strategy of Martin Zweig. This strategy looks for growth stocks with persistent a

Chinese internet commerce and cloud computing giant Alibaba ( NYSE:BABA ) will release its second quarter Fiscal 2024 earnings on November 16. The sequential moderation in online consumer demand in China and a weak macro environment will likely restrict its revenue growth rate. However, cost reduction and improving operational efficiencies could cushion its bottom line. Let’s delve deeper.  Analysts’ Q2 Projection  Wall Street expects Alibaba to report revenue of $30.79 billion in Q2, slightly higher than the prior-year quarter’s sales of $30.23 billion. Macro uncertainty in China will likely limit the growth of its e-commerce and cloud businesses.  While Alibaba’s top line is expected to register marginal growth, its bottom line could get a solid boost from its efforts to cut costs and improve operating efficiency. Analysts expect  Alibaba to post earnings of $2.10 per share compared to an EPS of $1.77 in the prior-year quarter.  Analysts Lower Price Target Ahead of Q2 Earnings  Several analysts lowered their price target on Alibaba stock ahead of the announcement of its financial results for the quarter ended September 30, 2023.  Mizuho Securities analyst James Lee reduced his price target to $120 from $145 on November 13. The analyst trimmed the price target to reflect a weaker macro backdrop. Nonetheless, Lee reiterated the Buy rating on BABA stock.  Citing weak consumption trends in China,  Loop Capital Markets analyst Rob Sanderson cut BABA’s price target to $125 from $135 on November 10. However, the analyst remains bullish about Alibaba’s prospects and expects the company to benefit from strength in the advertising business.  Echoing similar sentiments as Lee and Sanderson,  Barclays analyst Jiong Shao,  Truist Financial analyst Youssef Squali, and  Citi analyst Alicia Yap also reduced their price targets on BABA stock ahead of the quarterly print.  Is Alibaba a Good Stock to Buy Now? The macro uncertainty had led analysts to lower their price targets on Alibaba stock ahead of earnings. However, these analysts maintain a bullish outlook on the stock. With 15 unanimous Buy recommendations, BABA stock sports a Strong Buy consensus rating.  Further, the  average BABA stock price target of $142.33 implies 69.70% upside potential from current levels. Insights from Options Trading Activity Options traders are pricing in a +/- 5.7% move on earnings, greater than the previous quarter’s earnings-related move of 4.6%. Bottom Line  Alibaba is taking initiatives to boost its e-commerce sales, reduce costs, and drive efficiency. However, the weak macro backdrop continues to play spoilsport, leading analysts to cut the price target on BABA stock ahead of Q2 earnings.   Disclosure

Alibaba Group Holding Limited BABA is scheduled to report second-quarter fiscal 2024 results on Nov 16.For the fiscal second quarter, the Zacks Consensus Estimate for revenues is pegged at $31.01 billion, suggesting a 6.5% rise fr