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Futures tracking the S&P 500 and Nasdaq rose on Tuesday, ahead of economic data that could offer hints on the Federal Reserve's monetary tightening plans, while a profit warning from Walgreen Boots weighed on Dow futures.

Jumia Technologies AG (NASDAQ: JMIA) stock has been selling off since peaking at $69.89 in February 2021. The company is like JD.com Inc. (NASDAQ: JD) or Amazon.com Inc. (NASDAQ: AMZN) of Africa. Its e-commerce platform and services accommodate 11 countries across Africa. Due to

U.S. stock index futures edged higher on Tuesday following a recent bout of losses on Wall Street, as growth stocks recovered and investors looked ahead to economic data for signs on how much longer the Federal Reserve will hike interest rates.

Investing is too complicated for most people. And you need a lot of money to get started. Those are two myths about investing that aren't true.

What happened Sturdy cryptocurrency Near Protocol (CRYPTO: NEAR) was doing better than many of its brethren on Monday. As of mid-afternoon, it was up by over 6% in price over the preceding 24 hours. The rise was fueled mainly by an important new deal its developer announced with

Alibaba (BABA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

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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, the world’s second-largest economy, is struggling to regain its footing and bounce back strongly from the COVID-induced slump. Even after the reopening of the economy, many Chinese companies continue to see weak revenue growth rates due to an uncertain macro backdrop and a rise in youth unemployment. Also, investors are worried about the growing U.S.-China tensions. Nonetheless, Wall Street has a bullish outlook on several Chinese stocks. We used TipRanks’ Stock Comparison Tool to place Alibaba ( NYSE:BABA ), JD.com ( NASDAQ:JD ), and Nio ( NYSE:NIO ) against each other to pick the Chinese stock that could offer the best returns. Alibaba (NYSE:BABA) E-commerce giant Alibaba has been under pressure over recent quarters due to slower-than-anticipated recovery since reopening, regulatory issues, and intense competition. Nevertheless, the company’s decision to split its massive business into six new groups has sparked hopes of revival and is expected to drive shareholder value. Last month, Alibaba announced its plans to spin off its cloud division as a newly listed company. This week, the company announced that Daniel Zhang will relinquish his role as group CEO and Chairman to focus on the cloud division. Joseph Tsai, group executive Vice Chairman, will succeed Zhang as group Chairman, while Eddie Wu, current Chairman of Taobao and Tmall, will assume the role of the group CEO. Overall, management shake-up and streamlining efforts are expected to drive long-term growth. Is Baba a Buy, Sell, or Hold? Reacting to the announcement, Goldman Sachs analyst James Lee said that the decision reflects improving corporate governance, with a separation of Chairman and CEO positions between the group and subsidiaries. Further, the analyst noted that some subsidiaries have started the spin-off process “so they could be on a faster track to a public listing.” He added that the new structure unlocks the value of business units and provides a competitive advantage to each business unit. Lee maintained a Buy rating on Alibaba with a price target of $145. Wall Street’s Strong Buy consensus rating on BABA stock is based on 15 unanimous Buys. The average price target of $143.87 implies about 66% upside. Shares are down 1.4% year-to-date.   JD.Com (NASDAQ:JD) JD.Com’s revenue grew 1.4% in the first quarter, fueled by robust growth in its services business. The company’s high-margin services business and its efforts to streamline operations and optimize its product portfolio helped generate adjusted net income per ADS (American Depositary Share) of RMB 4.76, up from RMB 2.53 in the prior-year quarter. While the Q1 revenue exceeded market expectations, it marked the slowest pace of growth for JD.Com amid difficult macro conditions and rising competition. To revive its sales, the company launched a massive RMB 10 billion discount campaign that aims to attract more customers through wider price ranges and product categories. JD is optimistic about the road ahead, with a focus on growth in lower-tier markets, advancements in technology and services, international expansion, and higher efficiency in operations. The company recently announced that it aims to create seven listed firms with a market value of at least $14 billion apiece. Is JD Stock a Buy or Sell? Following the results in May, Susquehanna analyst Shyam Patil lowered the firm's price target for JD.com to $40 from $45 and maintained a Hold rating. The analyst said the top-line growth was muted, though fine. He also highlighted management’s cost discipline. JD scores a Strong Buy consensus rating based on 11 Buys and three Holds. At $59.50, the average price target implies nearly 63% upside. Shares have plunged about 35% so far in 2023. NIO (NYSE:NIO) Earlier this month, Chinese electric vehicle (EV) maker Nio reported a larger-than-anticipated loss for the first quarter. The company’s revenue growth of 7.7% also fell short of expectations. Supply chain issues, macro challenges, and intense competition have impacted Nio’s performance over the recent quarters. Nio expects its Q2 deliveries in the range of 23,000 to 25,000, which reflects a decline of about 8.2% to 0.2% year-over-year. The outlook also indicates a significant fall compared to Q1 deliveries of 31,041. However, the company is optimistic about better times ahead and is ramping up the production of its new models, including the ES6. Nio recently slashed prices by RMB 30,000 across all its vehicle models to stay competitive in the Chinese EV market. The company has also decided to end free battery-swapping services to new buyers. This week, Nio announced a $738.5 million strategic investment from CYVN Holdings. The investment is expected to bolster Nio’s balance sheet, accelerate business growth, and expand its international business.      What is the Prediction for NIO Stock? Reacting to the news of capital injection, Morgan Stanley analyst Tim Hsiao reiterated a Buy rating on Nio stock with a price target of $12, as he feels that the investment from the strategic investor in Abu Dhabi should ease investors’ concern about the company’s short-term cash flow. However, he contended that more meaningful improvement in cash flow still depends on better volumes in the second half of 2023. He believes that strong order momentum for the new ES6 SUV and ET5 Touring electric wagon in June lays a more “favorable” foundation.  With seven Buys and four Holds, Nio earns Wall Street’s Moderate Buy consensus rating. The average price target of $10.33 implies about 16% upside. Shares are down nearly 9% year-to-date. Conclusion Despite the uncertainty around economic recovery in China, Wall Street is bullish on the three stocks discussed above. Currently, they see higher upside in Alibaba than JD.Com and Nio. Wall Street analysts are highly bullish on Alibaba’s growth potential, given the company’s restructuring efforts, dominance in e-commerce, and investments in generative artificial intelligence (AI). Disclosure

Quick, name the large-cap e-commerce company with triple-digit earnings growth in recent quarters, revenue growth of 35% or more, and analyst estimates for an 85% increase this year in earnings per share. If you guessed Argentina-based MercadoLibre (NASDAQ: MELI), well, there’s

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

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In the latest trading session, Alibaba (BABA) closed at $86.89, marking a +0.14% move from the previous day. The stock lagged the S&P 500's daily gain of 0.37%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq l

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

Alibaba Group (NYSE: BABA) has been on a roller coaster ride during the past three years, from the stock reaching an all-time high of $319.32 and subsequently falling by as much as 81.8% to get a 2022 low of only $58.01 per share. This low price is second to $57.2 per share, a s

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

Which stocks are best to buy now? According to top Wall Street analysts, the three stocks listed below are Strong Buys. Each stock received a new Buy rating recently and has a significant upside as well. To find more stocks like these, take a look at TipRanks’  Analyst Top Stocks tool. It shows you a real-time list of all stocks that have been recently rated by top-ranking analysts. Here are today’s top stock picks, according to analysts. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. Crinetics Pharmaceuticals ( NASDAQ:CRNX)  – The pharmaceutical company develops much-needed therapies for people with rare endocrine diseases. Today,  analyst Jonathan Wolleben of JMP Securities maintained a Buy rating on the stock with a price target of $43. Overall, the consensus 12-month price target of all four top analysts who recently rated the stock a Buy, implies an impressive upside of 111.46%. Backblaze ( NASDAQ:BLZE)  – The company provides cloud storage services. Yesterday,  Craig-Hallum analyst Chad Bennett maintained a Buy rating on the stock. Overall, the consensus 12-month price target of all four top analysts who recently rated the stock a Buy, implies a massive upside of nearly 161%. Alibaba Group ( NYSE:BABA)  – Alibaba is a provider of e-commerce, retail, Internet, and technology services. Yesterday,  analyst Rob Sanderson of Loop Capital Markets reiterated a Buy rating on the stock with a $135 price target. Overall, the consensus 12-month price target of all eight top analysts who recently rated the stock a Buy, implies an upside of 68.6%. Who are the Top Analysts? TipRanks ranks financial analysts according to the success rates of their ratings and the average return on each of their ratings. See real-time analyst rankings and learn more about the performance of top analysts on TipRanks’  Top Wall Street Analysts page. Disclosure

What happened Chinese stocks lost ground in Tuesday's trading, and Bilibili (NASDAQ: BILI), Huya (NYSE: HUYA), and RLX Technology (NYSE: RLX) were among the names caught in the pullback. The companies' share prices closed out the daily trading session down 8.5%, 6.7%, and 7.2%, r

U.S. stocks softened on Tuesday, closing in negative territory as investors began the holiday-shortened week by taking profits in the wake of a sustained rally amid signs of weakening global demand.

U.S. stocks softened on Tuesday, closing down as investors began the holiday-shortened week by taking profits in the wake of a sustained rally amid signs of weakening global demand.