Looking For The Best E-Commerce Stocks To Buy Right Now?We saw e-commerce stocks rise to unprecedented heights in the stock market this year. This is unsurprising as the coronavirus pandemic had virtually kept the masses at home. Many consumers resorted to e-commerce after tradit
The S&P 500 ended lower on Monday, weighed down by Walt Disney, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.
The S&P 500 ended lower on Monday, weighed down by Walt Disney, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.
The S&P 500 ended lower on Monday after the launch of a 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 turned mixed Monday afternoon, with the SPDR Consumer Staples Select Sector ETF dropping 0.3%, reversing a small mid-day advance, while the SPDR Consumer Discretionary Select Sector ETF was climbing 0.4%.In company news, Peloton Interactive (PTON) rose 4.3% follow
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