Consumer stocks were ending broadly lower in Tuesday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) dropping just 0.2% while the SPDR Consumer Discretionary Select Sector ETF (XLY) was retreating 3.2%.
Consumer stocks were retreating premarket Tuesday. The Consumer Staples Select Sector SPDR Fund (XLP) was down 0.84%, and the Consumer Discretionary Select Sector SPDR Fund (XLY) was more than 2% lower recently.
The NASDAQ 100 Pre-Market Indicator is down -74.53 to 12,253.88. The total Pre-Market volume is currently 30,243,111 shares traded.The following are the most active stocks for the pre-market session: Redbox Entertainment Inc. (RDBX) is +0.67 at $6.22, with 4,996,350 shares trade
(RTTNews) - Shares of Alibaba Group Holding Ltd. (BABA) were gaining around 6 percent in Hong Kong trading after the Chinese e-commerce giant said it will apply for a primary listing in Hong Kong.
Investment firm Bernstein upgraded Alibaba BABA shares recently and believes that they can rally more than 20% from here, as quoted on a CNBC article. Alibaba shares are down 13.5% this year but up 17.2% in the past three months (as of Jul 20, 2022).
The SPDR NYSE Technology ETF (XNTK) made its debut on 09/25/2000, and is a smart beta exchange traded fund that provides broad exposure to the Technology ETFs category of the market.
In the latest trading session, Alibaba (BABA) closed at $105.13, marking a +1.13% move from the previous day. This move outpaced the S&P 500's daily gain of 0.99%. Meanwhile, the Dow gained 0.51%, and the Nasdaq, a tech-heavy index, lost 0.31%.
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.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the First Trust Cloud Computing ETF (Symbol: SKYY) where we have detected an approximate $154.8 million dollar outflow -- that's a 4.5% decrease week ov
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itsel
Alibaba's (NYSE: BABA) stock price has fallen by around two-thirds from its peak of $317. For contrarian investors (myself included), it seems a good time to consider this leading tech company.
What happened
Shares of Alibaba (NYSE: BABA) got crushed this week, plunging as much as 18.7%. As of the market close on Friday, the stock was down 15.4%.
In the latest trading session, Alibaba (BABA) closed at $102.44, marking a -1.27% move from the previous day. This move lagged the S&P 500's daily gain of 1.92%. Elsewhere, the Dow gained 2.15%, while the tech-heavy Nasdaq added 0.16%.
Consumer stocks were edging higher premarket Friday. The Consumer Staples Select Sector SPDR Fund (XLP) was advancing 0.71% and the Consumer Discretionary Select Sector SPDR Fund (XLY) was also up 0.71%.
U.S. stock index futures eked out gains on Friday as investors braced for retail sales data, while Wells Fargo became the third major U.S. bank to report disappointing earnings.
Reuters
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