Nasdaq BABA Alibaba

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Alibaba (BABA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

Wall Street was downbeat, with the S&P 500, the Dow Jones, the Nasdaq Composite and the Russell 2000 losing about 2.7%, 3%, 3.3% and 2.9%, respectively, last week, due to rising rate worries. A round of upbeat economic data points indicated a longer-than-expected Fed

Alibaba (NYSE: BABA) generates a majority of its revenue and profits from China. With the economic reopening, consumer activity is likely to increase. This video will review Alibaba's latest earnings and answer whether the stock is a buy right now.

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Below is Validea's daily 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 persis

Alibaba Group Holding Limited BABA reported third-quarter fiscal 2023 non-GAAP earnings of $2.79 per ADS (RMB 19.26), which surpassed the Zacks Consensus Estimate by 21.8%. The figure increased 14% from the year-ago fiscal quarter’s reported figure in RMB terms.Revenues o

Chinese e-commerce giant Alibaba Group BABA reported robust third-quarter fiscal 2023 before the opening bell on Feb 23, wherein it beat the Zacks Consensus Estimate for both earnings and revenues.Following the earnings beat, shares of Alibaba initially jumped 6% but eras

Shares of Chinese companies listed in the United States fell in early trading on Friday as reports that Washington was looking to expand the number of troops helping train Taiwanese forces added to rising Sino-U.S. tensions.

The NASDAQ 100 Pre-Market Indicator is down -204.14 to 11,976. The total Pre-Market volume is currently 32,407,170 shares traded.The following are the most active stocks for the pre-market session: Bridger Aerospace Group Holdings, Inc. (BAER) is +3.18 at $7.60, with 4,426,250 s

Which stocks are best to buy today? 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 stocks. Click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. Alibaba Group ( NYSE:BABA)  – Six top analysts recently rated this stock a Buy. Alibaba is a Chinese multinational company that offers e-commerce, retail, Internet, and technology services. Today, Bank of America Securities analyst  Eddie Leung reiterated a Buy rating on  BABA stock with a price target of $144. Further, the consensus 12-month forecast of top analysts on the stock indicates an upside of 49.3%. Baidu ( NASDAQ:BIDU)  – Baidu is a Chinese technology, internet search, and internet services company. Yesterday, analyst  Fawne Jiang of Benchmark Co. reiterated a Buy rating on  BIDU stock and raised the price target to $210 from $200. The stock’s 12-month price prediction, based on the consensus of the seven top analysts who gave it a Buy rating, implies an upside of 27.5%. Tandem Diabetes Care ( NASDAQ:TNDM)  – Four top analysts who recently rated  TNDM stock gave it a Buy recommendation. The company develops products for people with insulin-dependent diabetes. Yesterday, Barclays analyst  Matt Miksic reaffirmed a Buy rating on the stock but lowered the price target to $71 from $76. Overall, the consensus 12-month price target of top analysts suggests an upside of 40.4%. 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.

Tech stocks have enjoyed a bit of relief this year, but it's unclear whether the tides will turn again. The latest inflation number seemed to cause investor sentiment to turn, and more rate hikes seem necessary to stomp out inflation, even if it means setting the stage for a landing that's a tad less soft. In any case, Wall Street analysts continue to favor the following tech stocks listed below. They aren't immune to the headwinds ahead, but after more than a year of turbulence, each name seems to be trading at a historically attractive multiple. Therefore, let's weigh in on the following Strong-Buy-rated tech names -- TSM, BABA, and NOW -- that may still be worth a buy as the tech rally takes a bit of a breather. Taiwan Semiconductor ( NYSE:TSM) Warren Buffett's Berkshire Hathaway ( NYSE:BRK.B ) initiated a sizeable stake in the semiconductor giant last year, only to ditch 86% of its stake just a few months later. As a financial behemoth known for long-term investment, the move was a bit puzzling. Given the timing of the buys and sells, it's unlikely that the recent share sale was a move to lock in a profit. Shares of TSM suffered quite a plunge in autumn, only partially recovering by year's end. Despite Berkshire's trim, I am bullish. It's unknown who made the buy and sell decisions over at Berkshire. Regardless, it seems like demand may not be as robust as we learn more about the potential recession to come. In any case, TSM stock still looks incredibly cheap at 14.8 times trailing earnings, which is miles below the semiconductor industry average P/E of 41.6 times. Taiwan Semi's capital spending plan is now tamer, with $32 billion - $36 billion in the budget, lower than the $36.3 billion from last year. Despite the budget cuts, Taiwan Semi continues to be a leader in the space, with its expansion plans still in full swing. As an economic downturn eats into chip demand, TSM stock is sure to be a choppy ride. However, longer term, I do think Taiwan Semiconductor stock still looks undervalued, even if Berkshire has reasons to trim. What is the Price Target for TSM Stock? Wall Street loves Taiwan Semiconductor, with a "Strong Buy" rating based on four unanimous Buys. The average TSM stock price target of $104.33 implies 15.8% gains from here. Alibaba ( NYSE:BABA) Alibaba is a Chinese tech titan that is back on the retreat after enjoying a massive rally off its October 2022 lows. Shares surged more than 100% from trough to peak before slipping just north of 22%. Indeed, Chinese tech giants are known to be volatile movers. With BABA stock trending lower again, I do think there's a reason for optimism as the stock looks to shed its weaker-handed investors. I am bullish. In the fourth quarter, The Big Short's Michael Burry took a stake in the ailing e-commerce giant Alibaba. Though it's unclear as to what Burry has done with the investment to date, I do think the move was a huge vote of confidence in the inevitability of Chinese stocks. Yes, there are added risks to betting on Chinese stocks. However, in terms of value for growth, it's tough to stack up against the likes of Alibaba, especially as the Chinese economy reopens from lockdowns. Add an upbeat AliCloud offering into the equation, and I think Alibaba is a Chinese name that's well worth the risk as negative momentum picks up again. At writing, shares of BABA go for 11.5 times forward earnings. For a firm capable of sustaining double-digit growth over time, I find the multiple absurdly low. What is the Price Target for BABA Stock? Analysts have a "Strong Buy" rating on Alibaba based on 10 unanimous Buys assigned in the past three months. The average BABA stock price target of $143.89 implies 52.8% upside potential from current levels. ServiceNow ( NASDAQ:NOW) ServiceNow is a SaaS firm that got cut in half from peak to trough. Though shares trended higher to date on the back of a solid fourth-quarter earnings result ($2.28 EPS vs. $2.02 estimate) on $1.9 billion in revenue, ServiceNow still stands out as a growth stock. I remain bullish. At 12.2 times sales, NOW is still considerably more expensive than the software industry average of 9.2 times. It is worth noting that ServiceNow has held up far better than expectations amid the headwinds, with 20% in top-line growth. For now, guidance is calling for a very solid 22% - 22.5% in year-over-year growth. ServiceNow is also relatively steady, while other big-tech firms engage in mass layoffs. Only time will tell if cloud transformation tailwinds will help ServiceNow offset recession headwinds. If the firm can deliver, its premium to the peer group could expand further, and it may be able to avoid steep cost cuts. What is the Price Target for NOW Stock? Wall Street is upbeat on ServiceNow, with a "Strong Buy" consensus rating, including 22 Buys and two Holds. The average NOW stock price target of $514.70 implies 16.5% upside potential from here. The Takeaway Tech is feeling the pressure again, but the following three names seem more than capable of solid gains throughout the year. Of the three, analysts expect the biggest returns from Alibaba. Disclosure 

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Consumer stocks were narrowly lower in late Thursday trading, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) each sinking 0.1%, erasing much larger midday declines.

Consumer stocks were lower in Thursday trading, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 0.6% and the Consumer Discretionary Select Sector SPDR Fund (XLY) sinking 0.8%.

Alibaba Group (NYSE: BABA) rose in pre-market trading in New York; its shares increased by more than 6%. The online retailer considerably surpassed the average expectation of 35 billion yuan by reporting net profits of 46.8 billion yuan ($6.8 billion). Just above expectations, r

So, how should investors play that? My preference would be for Livent. They are a pure play lithium miner who are profitable already, something unique in the space.

Over the last few decades, technology has been a driving force behind much of the world’s economic growth. The technology industry is always changing, with new innovations and technologies appearing on a regular basis. For investors looking to invest in technology stocks, t

The stock market has been under pressure this week, as investors have grown concerned that January's big gains in the Nasdaq Composite (NASDAQINDEX: ^IXIC) and other major stock indexes could prove to be just another head fake in a bear market that has lasted more than a year now