Nasdaq BABA Alibaba

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.

The NASDAQ 100 Pre-Market Indicator is up 3.37 to 11,728.21. The total Pre-Market volume is currently 19,786,958 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is +0.03 at $22.10, with 3,306,625 shares traded. Thi

Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group's logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct knowledge of the matter said.

Chinese authorities are poised to impose a fine of more than $1 billion on Jack Ma's Ant Group, said six sources with direct knowledge of the matter, setting the stage for ending the fintech company's two-year long regulatory overhaul.

The NASDAQ 100 Pre-Market Indicator is up 36.54 to 11,589.99. The total Pre-Market volume is currently 34,311,778 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is +0.15 at $21.33, with 4,632,893 shares traded. Th

Farfetch (NYSE: FTCH) stock hit its all-time high of $73.35 last February. But since then, shares of the London-based luxury e-tailer have plummeted in value by nearly 80% to about $8 a share -- or less than half its IPO price of $20.Farfetch disappointed investors with its slowi

JD.com's (NASDAQ: JD) stock dipped 4.5% on Nov. 18 after the Chinese e-commerce giant posted a mixed third-quarter earnings report. Its revenue rose 11% year over year to 243.5 billion yuan ($34.2 billion), which missed analysts' expectations by $270 million. However, its adjuste

Standing on the cusp of a recession, investing in the equity market can be scary. Luckily, TipRanks’ Trending Stocks tool helps us see which stocks Wall Street analysts have rated the most recently. Here, we picked Alibaba ( NYSE:BABA ), Bath & Body Works ( NYSE:BBWI ), TJX Companies ( NYSE:TJX ), Applied Materials ( NASDAQ:AMAT ), and Palo Alto Networks ( NASDAQ:PANW ) among the most-rated “Strong Buy” stocks trending recently. Alibaba (BABA) China’s strict COVID-19 policies, macroeconomic turmoil, competition, and slowing domestic demand have clobbered Alibaba. Its third-quarter results, which were posted last week, underscored the challenges, with revenues falling short of analyst estimates. However, retail sales in China are slowly but surely recovering, and that is good news for Alibaba. The e-commerce and technology giant is building an interesting concept called “New Retail,” which aims to bridge the gap between online and offline shopping by leveraging Big Data. This can be a new competition-kicker for Alibaba. Moreover, its net cash position and strong cash-flow-generating capabilities also allowed the company to  appraise its stock buyback program by an additional $15 billion and extend the program through Fiscal Year 2025. What is the Price Target for BABA Stock? Alibaba bulls have recently been reiterating their Buy ratings on BABA stock, despite lowering their near-term price targets. The average BABA price target stands at $133.73, which implies a remarkable 73.8% climb over the next 12 months. Bath & Body Works (BBWI) Personal care retailer Bath & Body Works appears to be taking care of the business too. Its cost-saving measures and vertically-integrated supply chain helped it fight the bottom-line headwinds and beat analyst expectations for  earnings per share in Q3. After the print, Morgan Stanley ( NYSE:MS ) analyst  Kimberly Greenberger raised her price target on Bath & Body Works stock to $76 from $72 while maintaining a Buy rating. She had anticipated the earnings beat but not the magnitude of the earnings surprise. Moreover, the company also raised its guidance during a time when demand is showing signs of being slower than usual around the holidays. This buoyed the confidence of Greenberger. Currently, the stock is  trading at a 10x P/E ratio, which is quite reasonable. The analyst sees several upsides and a chance for BBWI’s valuation to get materially re-rated upwards. Is BBWI Stock a Buy, According to Analysts? Clearly, Wall Street is bullish on BBWI stock overall, based on nine Buys and two Holds assigned in the past three months. The average BBWI target price is $50.27, which is 27.1% higher than the current price. TJX Companies (TJX) TJX is a leading off-price retailer of apparel and home fashion products, operating through the brands T.J. Maxx and Marshalls (Marmaxx), HomeGoods, Sierra, Homesense, etc. The company’s off-price business model, strategic store locations, large roster of good brands and fashion products, and efficient supply-chain management have been taking care of its well-being. In Q3,  strength in its apparel business blew some steam off of top-line pressure. Cowen & Co. analyst  John Kernan recently bumped up his price target on TJX to $84 from $78. He noted that the company’s markup and merchandising margin opportunity is being undermined by the consensus. Moreover, there are high chances of freight costs deflating in Fiscal 2024, which will be a boon for TJX. Additionally, Kernan sees several upsides going into the holiday season. “Momentum at the Marmaxx unit, along with TJX’s off-price business model of [selling] on-trend branded goods at a discount to traditional retailers, suggest an attractive channel for cash-strapped shoppers in the holiday quarter,” observed the analyst. Is TJX Stock a Good Buy, According to Analysts? Wall Street expects TJX's stock price to go up around 8.5% over the next year. This is based on 12 Buys and three Hold ratings assigned in the past three months. Applied Materials (AMAT) Leading global semiconductor equipment provider Applied Materials recently reported better-than-expected Q3 results last week despite the downbeat sentiment that has gripped the semiconductor sector. Supply-chain conditions are slowly improving. Being dependent on wafer starts at semiconductor facilities, the company can sell its world-class products in an up-cycle. Also, the majority of Applied Materials’ products serve the more resilient sector of logic and foundry rather than the more volatile memory market. This serves as a buffer for the company against any unexpected decline in the memory market. Where Will Applied Materials Stock be in One Year? Wall Street analysts think AMAT stock can increase by about 12.9% over the next year, hitting $118.75. This is based on 18 Buys and six Holds assigned over the past three months. Palo Alto Networks (PANW) Palo Alto, one of the leaders in the cybersecurity space, is now focused on building on its leadership in the Next-Generation firewall space and providing a more comprehensive cloud security platform. BTIG analyst  Gray Powell is upbeat about this vision. “Given the mix-shift to the Next Generation Security (NGS) segment and improved performance in attached services on the traditional firewall business, we think PANW can maintain top-line growth at 20%+ and expand margins longer term,” he believes. What is the Price Target for PANW Stock? The average price target of PANW stock stands at $228.24, indicating 33.8% upside potential based on 32 Buys and four Hold ratings. The Takeaway Several challenges await companies this year and next. Nonetheless, gauging the long-term view, Wall Street is very bullish on these stocks. Disclosure

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the SPDR S&P China ETF (Symbol: GXC) where we have detected an approximate $84.8 million dollar outflow -- that's a 7.8% decrease week over week (fr

This year has been quite brutal for Chinese stocks. Delisting concerns, slowdown in the Chinese economy, supply chain disruptions triggered by COVID restrictions, regulatory pressures, and the tension between the U.S. and China have dragged down Chinese stocks. Amid the ongoing uncertainty due to COVID fears in China, we used TipRanks’ Stock Comparison Tool to place JD.com ( NASDAQ:JD ), Alibaba ( NYSE:BABA ), and Li Auto ( NASDAQ:LI ) against each other to pick the most attractive stock. JD.com (JD) Stock JD.com, one of China’s leading e-commerce retailers, generated accelerated revenue growth in Q3 2022 after reporting its slowest year-over-year revenue growth of 5.4% in Q2. The company’s Q3 revenue increased 11.4% to RMB 243.5 billion ($34.2 billion). Furthermore, adjusted earnings per American depositary share (ADS) nearly doubled to RMB 6.27 ($0.88). JD’s earnings easily topped expectations, but revenue fell short of estimates. Operating efficiency and cost discipline fueled JD’s strong Q3 earnings. Annual active customer accounts grew 6.5% to 588.3 million at the end of Q3, mainly due to the net addition of more than 10 million active users in the company’s core retail business. The company continues to focus on improving the profitability of JD Logistics, its second-largest division after JD Retail. In Q3, JD Logistics’ revenue grew 39%, and the division swung to an operating income of RMB 253 million compared to an operating loss of RMB 727 million in the prior-year quarter. Is JD Stock a Buy? Following the Q3 print, Citi analyst Alicia Yap increased the price target for JD.com stock to $90 from $85 and maintained a Buy rating. The analyst noted that JD’s management expects to sustain the improved profitability generated through efficiency and lower costs. Yap believes that JD remains well positioned to deliver reaccelerated revenue growth and active user count once the COVID-19 restrictions fade away. On TipRanks, JD stock earns a Strong Buy consensus rating with 12 Buys versus one Hold. The average JD stock price target of $79.54 implies nearly 42% upside potential. Alibaba (BABA) Stock E-commerce giant Alibaba’s revenue grew 3% to RMB 207.2 billion ($29.1 billion) in the fiscal second quarter (ended September 30, 2022) after falling marginally in Q1 FY23 (BABA's first quarterly revenue decline since it went public). That said, Q2 revenue lagged analysts’ estimates. The slowdown in the Chinese economy, COVID-19 resurgence, and currency headwinds impacted the top-line growth in the quarter. Nonetheless, the company’s adjusted earnings grew 15% to RMB 12.92 ($1.82) per ADS and surpassed estimates, thanks to cost efficiency measures. While Alibaba’s Fiscal Q2 performance reflected the resilience of its business model, concerns about deceleration in the e-commerce business remain. Aside from the pressure on Alibaba’s e-commerce business due to rising competition and macro challenges, the slowing growth rate of the cloud computing business is also worrisome. Alibaba’s cloud computing business is considered to be a key driver of its future growth. In Fiscal Q2, the Cloud segment’s revenue increased 4% compared to 10% growth in Fiscal Q1. Is Alibaba a Buy Right Now? Following the Q2 results, UBS analyst Jerry Liu lowered his price target for Alibaba stock to $135 from $140 but maintained a Buy rating. Liu views Alibaba as one of the several companies that are poised to benefit from macro improvement. He feels that Alibaba stock is a “value play” at a forward P/E (price-to-earnings) multiple of 9. Nonetheless, Liu cautions that investors should expect growth to decelerate in Fiscal Q3 before improving next year. Overall, Wall Street’s Strong Buy consensus rating for Alibaba stock is based on 15 unanimous Buys. The average BABA stock price prediction of $133.73 suggests 66.2% upside potential from current levels. Li Auto (LI) Stock Li Auto and other Chinese electric vehicle (EV) makers have been significantly impacted by COVID-induced supply chain bottlenecks. Earlier this month, Li Auto reported a 31.4% year-over-year rise in its October deliveries to 10,052 vehicles. Nonetheless, October deliveries declined nearly 13% compared to September. Li Auto is optimistic about future growth based on its portfolio of innovative vehicles. It is experiencing robust demand for its L9 SUVs since deliveries for this model began on August 30. On November 10, the company officially commenced deliveries of its premium six-seater SUV, the Li L8. Li Auto is now gearing up to start the deliveries of the Li L7 SUV in Q1 2023.  Is Li Auto Stock a Good Investment? Morgan Stanley analyst Tim Hsiao noted that Li Auto’s October sales were in line with market expectations and reflected the company’s strong execution despite the continued shortage of components. Hsiao added, “Meanwhile, stable deliveries of L9 hovering around 10k for the second consecutive month should ease market concerns over slowing L9 demand and underpin volume upside into Nov/Dec when contribution from L8 starts kicking in.” Hsiao reaffirmed a Buy rating on Li Auto stock and a price target of $35. Li Auto scores a Strong Buy consensus rating based on three unanimous Buys. The average LI stock price target of $41.33 suggests 131.2% upside potential.   Conclusion The slowdown in China’s economy and the uncertainty surrounding the COVID-19 situation continues to impact investor sentiment about Chinese stocks. Nonetheless, Wall Street remains bullish on JD, Alibaba, and Li Auto. Both JD.com and Alibaba are well-established players, and analysts expect these e-commerce giants to rebound once the near-term headwinds diminish. Currently, analysts see the pullback in Li Auto as a great opportunity to buy this growth stock and gain exposure to the rapidly expanding EV market. They estimate higher upside potential in Li Auto than the other two stocks.   Disclosure     

Wall Street's main indexes were set to open lower on Monday as COVID-19 flare ups in China reignited concerns about slowing growth, while Disney shares jumped as investors cheered Bob Iger's surprise comeback as chief executive.

U.S. stock index futures declined on Monday as COVID-19 flare ups in China added to concerns about slowing growth, while Disney shares jumped as investors cheered Bob Iger's surprise comeback as chief executive.

Alibaba Group Holding's (NYSE: BABA) stock popped 8% on Nov. 17 after the Chinese e-commerce and cloud leader posted its latest earnings report. For the second quarter of fiscal 2023, which ended on Sept. 30, its revenue rose 3% year over year to 207.2 billion yuan ($29.1 billion

Alibaba Group Holding Limited BABA reported second-quarter fiscal 2023 non-GAAP earnings of $1.82 per ADS (RMB 12.92), which surpassed the Zacks Consensus Estimate by 9%. The figure increased 15% from the year-ago fiscal quarter’s reported figure in RMB terms.

What happened Shares of Chinese internet stocks Alibaba (NYSE: BABA), Tencent Music Entertainment (NYSE: TME), and Huya (NYSE: HUYA) rallied this week, up 19.1%, 35.1%, and 23.9%, respectively, through Thursday trading.

Chinese e-commerce giant Alibaba Group BABA reported second-quarter fiscal 2023 before the opening bell on Nov 17, wherein it beat the Zacks Consensus Estimate for earnings but lagged on revenues.Driven by the earnings beat, shares of Alibaba jumped 7.8% to close the day,

The NASDAQ 100 Pre-Market Indicator is up 103.77 to 11,780.63. The total Pre-Market volume is currently 33,946,810 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is +0.67 at $22.53, with 6,728,337 shares traded. T

The market was riding high late last year, when things came crashing down. Since then, macroeconomic conditions drove the broader market indexes -- including he Nasdaq Composite -- deep into a bear market, unparalleled in recent history. The tech-focused index has been hardest hi

Tencent (OTC: TCEHY) posted its third-quarter earnings report on Nov. 16. The Chinese tech giant's revenue fell 2% year over year to 140.1 billion yuan ($19.7 billion), which represented its second consecutive quarter of declining revenue since its IPO in 2004. Its net profit ros

Buying stocks right now can seem like a bad idea given that the stock market isn't on firm footing, with the S&P 500 down 16% this year. But the volatility in 2022 can create some attractive buying opportunities for long-term investors.