The Alibaba stock price was down as much as 8.2% today after the Chinese e-commerce company had a weak earnings report.
Shortly after the opening bell, Alibaba Group Holding Ltd. (NYSE: BABA) hit an all-time low of $71.03 per share.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
The Alibaba stock price was down as much as 8.2% today after the Chinese e-commerce company had a weak earnings report.
Shortly after the opening bell, Alibaba Group Holding Ltd. (NYSE: BABA) hit an all-time low of $71.03 per share.
Here's why that's an overreaction by investors...
By Keith Fitz-Gerald, Chief Investment Strategist, Money Map Report - • Print | Email
After seven down days in a row, the markets roared back Monday and appeared to erase last week's sharp declines. Now, Monday's action looked impressive by any measure… but the "green" chart I'm about to show you told me that we were looking at something other than the start of a sustainable rally. And just […]
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
The Alibaba earnings report will be released before the opening bell tomorrow (Wednesday, Aug. 12), and consensus estimates call for earnings per share (EPS) of $0.58.
Net income is expected to come in at $841 million, which will be a 57% decline from last year.
Here's what to expect from BABA stock following the Alibaba earnings report tomorrow...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
Alibaba stock is up 2% this morning (Monday) after the company announced it will be spend $4.63 billion on the electronics chain Suning Commerce Group Inc.
Alibaba Group Holding Ltd. (NYSE: BABA) officials said the $4.63 billion price tag will buy the company a 20% stake in Suning. In return, Suning will receive a 1.1% stake in Alibaba.
Here's what the deal means for investors...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
The Alibaba mobile payments business was dealt a blow this week when China's central bank issued a draft that could limit online payments in China.
Alibaba Group Holding Ltd. (NYSE: BABA) operates the online payment site Alipay Wallet, which could be largely affected by the new laws.
Here's the impact for investors...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
Who is Alibaba's New President? Alibaba Group Holding Ltd. (NYSE: BABA) announced that former Goldman Sachs (NYSE: GS) executive J. Michael Evans will be taking over as the company's president.
Company officials announced that Evans will focus on Alibaba's global expansion strategy.
Here's everything else investors need to know about Alibaba's new president...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
What does Alibaba own? The answer: A lot more than just e-commerce websites.
Alibaba Group Holding Ltd. (NYSE: BABA) is a $209 billion Chinese conglomerate that is best known for its e-commerce platforms.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
Yahoo Inc. (Nasdaq: YHOO) officials announced an Alibaba spin-off this week, which the company expects to complete in Q4.
The new company will be called Aabaco Holdings and will be made up of $32 billion in Alibaba Group Holding Ltd. (NYSE: BABA) shares and a division named Yahoo Small Business.
Here's the reason why Yahoo is holding an Alibaba spin-off, and what it means for investors...
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
Alibaba stock is frequently compared to Amazon.com Inc. (Nasdaq: AMZN) stock because both companies are each the biggest e-commerce companies in their home countries.
But Alibaba Group Holding Ltd. (NYSE: BABA) has a very different business model from Amazon.
By Kyle Anderson, Associate Editor, Money Morning • @KyleAndersonMM - • Print | Email
Alibaba Group Holding Ltd. (NYSE: BABA) stock has hit the ground running since its IPO. At today's (Tuesday's) opening price, it's up 69% from its offer price of $68.
Demand for BABA shares has been high. Since its debut, BABA has averaged 34 million shares traded per day.
And yet, most investors still aren't aware of Alibaba's greatest strength.
And yet, most investors still aren't aware of Alibaba's greatest strength.