The S&P 500 rose on Monday after the launch of a nationwide COVID-19 vaccine campaign in the United States, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.
Consumer stocks were broadly higher in Monday trading, with the SPDR Consumer Staples Select Sector ETF climbing less than 0.1% while the SPDR Consumer Discretionary Select Sector ETF was advancing almost 0.8%.In company news, Murphy USA (MUSA) was ahead 2.4% after Monday announc
Wall Street's main indexes rose on Monday as consumer stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.
The tech sector fared well this year as investors flocked to hardware and software stocks that were well-insulated from the COVID-19 crisis. That trend might continue next year as the market grapples with the economic aftershocks of the pandemic, but not every tech stock will be
Huya (NYSE: HUYA) and rival DouYu International (NASDAQ: DOYU) dominate Chinese live-streaming, owning 80% of the game steaming market between them. Their planned $6 billion merger is poised to create an industry titan.No one will fare better than Tencent (OTC: TCEHY), as it owns
Wall Street's main indexes rose on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.
Consumer stocks were moderately higher premarket Monday. Shares of staples companies in the S&P 500 (XLP) rose 0.4% and the consumer discretionary firms (XLY) were up 0.73%.Nio (NIO) declined more than 5% after pricing an offering of 68 million American depositary shares at $
Wall Street's main indexes were set for a strong open on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped following a bumper buyout offer from Britain's AstraZeneca.
U.S. stock index futures rose on Monday as travel stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while investors held out hope for more local stimulus as bipartisan talks continued.
Hong Kong stocks ended lower on Monday, weighed down by tech firms after China fined tech players for not reporting deals properly for anti-trust reviews, though prospects of further policy support in Beijing limited losses.
Alibaba has received a 500,000 yuan ($76,463) fine from the State Administration for Market Regulation (SAMR) for not properly declaring its previous acquisitions, according to CNBC.
Alibaba (BABA) recently bought a controlling stake in the department store operator, InTime. The SAMR noted that although Alibaba’s acquisition did not eliminate or restrict competition, they did not submit the proper paperwork.
Chinese regulators have intensified their efforts to regulate technology firms, which have a dominant presence in China. The fines are small but they signify the SAMR’s intent to uphold current monopoly laws.
China’s top banking regulator put fintech companies on notice last week, suggesting “timely and targeted measures to prevent new systemic risks.” (See BABA stock analysis on TipRanks)
Baird analyst Colin Sebastian reiterated his Buy rating on the stock last month with a price target of $325 (23% upside potential). He noted that interactive content is becoming increasingly popular in China and Western markets.
Consensus among analysts is a Strong Buy based on 23 Buys, 0 Holds and 0 Sells. The average price target of $338.94 implies upside potential of around 28% over the next 12 months.
China's market regulator said on Monday it fined Alibaba Group, Tencent Holdings-backed China Literature and Shenzhen Hive Box 500,000 yuan ($76,464.29) each for not reporting deals properly for anti-trust reviews.
China's market regulator said on Monday it will fine Alibaba Group, Tencent Holdings-backed China Literature and Shenzhen Hive Box 500,000 yuan ($76,464.29) each for not reporting deals properly for anti-trust reviews.
China's rapid recovery from COVID, as well as its long-term growth prospects and stable of dynamic companies, has led its companies to strong year-to-date performance: The Shanghai Index is up almost 12%, and the CSI up 22%.But before you jump in to this market yourself, make sur
Jumia Technologies (NYSE: JMIA) has been quite a story in 2020 -- even in a year when many e-commerce stocks have generated triple-digit returns. Nigeria-based Jumia's stock is up over 400% in 2020 with just a few weeks to go as digital commerce rises around the globe amid the pa
Investors in Alibaba Group Holding Ltd (Symbol: BABA) saw new options begin trading today, for the January 2021 expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the BABA options chain for the new January 2021 contracts and identified one put
Up-and-coming Chinese entertainment platform Bilibili (NASDAQ: BILI) has a catchy name and an even catchier business model. The company has a diversified revenue stream, riding the growing demand for online games, live streaming, e-commerce, and other paid subscription services.
Making A List Of Top Cloud Stocks To Watch Right Now? 3 Names To KnowCloud stocks have flourished in the stock market this year. Not too long ago, the term cloud would only be associated with topics related to the weather. However, in this current age, “the cloud” has
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