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Big Inflation Prints on Deck This Week
Zacks Investment Research· 2024-05-13 15:26
Monday, May 13th, 2024We have an important week for the markets on tap. Wednesday brings us Consumer Price Index (CPI) numbers for April, which will be preceded by the Producer Price Index (PPI) wholesale report on Tuesday. Expectations for both are to tick up 10 basis points (bps) month over month but to come down year over year. Core year over year results are looking to reduce from the +2.8% reported a month ago on wholesale, and from +3.8% a month ago on retail. Any surprises to the downside may be cons ...
Alibaba earnings forecast: Should you buy or sell the BABA dip?
Invezz· 2024-05-13 13:36
Considered by many to be one of the biggest jewels of the Chinese economy, Alibaba Holding Limited (BABA) has been considered ‘China’s Amazon’ and an investors’ darling for years.Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.But the once-mighty online retail giant has seen a gradual slide in its stock price since the heights of its powers during pandemic-era 2020, which saw Alibaba’s stock price regularly top 300 Hong Kong dollars (HKD) as online sh ...
Cramer's week ahead: Earnings from Home Depot, Alibaba, Walmart
CNBC· 2024-05-10 23:24
CNBC's Jim Cramer on Friday guided investors through next week's market action, telling them to pay attention to a number of earnings reports, including Home Depot, Alibaba and Walmart.He also suggested remarks from Federal Reserve officials will continue to shape the market, saying investors should tune in to Monday to commentary from Loretta Mester, the president of the Federal Reserve Bank of Cleveland."The more these Fed officials entertain us with their hawkish commentary, as long as they keep us on th ...
Will Alibaba's Cloud Business See A Turnaround In Q4?
Forbes· 2024-05-08 09:45
Kit Yau, head of Marketing for Australia and New Zealand at Alibaba Group, speaks during an ... [+] interview with Xinhua in Sydney, Australia, March 15, 2024. (Photo by Ma Ping/Xinhua via Getty Images)Xinhua News Agency via Getty ImagesChinese e-commerce and cloud behemoth Alibaba stock is poised to report its Q4 FY’24 results on May 14th, reporting on a quarter that is likely to see the company’s business exhibit only modest growth, amid headwinds in the domestic e-commerce market and the company’s cloud ...
3 Michael Burry Stocks Set to Double Your Money by 2027
InvestorPlace· 2024-05-07 20:43
The ultimate goal of investing is to find possibilities poised for significant development. Michael Burry, a well-known investor, has recommended these three equities as strong candidates for profitable investments. Each firm represents a separate sector: retail, healthcare, and consumer discretionary.The first is a massive worldwide e-commerce company that stands out for its unwavering commitment to user-centric methods and aggressive pricing structures. Its remarkable Gross Merchandise Value (GMV) growth ...
The 3 Most Undervalued Chinese Stocks to Buy in May 2024
InvestorPlace· 2024-05-07 18:14
The Chinese economy and many Chinese companies have struggled on a general scale over the last few years. The slowdown was primarily due to tightening government regulations and property pricing halting the expected recovery after COVID-19 restrictions were lifted in 2023. While these macroeconomic conditions create uncertainty and scare away many investors, they offer a unique opportunity to find Chinese stocks that are performing exceedingly well but still receive low valuations. These three stocks offer ...
5 Chinese Growth Stocks That Trade Like Value Stocks
Seeking Alpha· 2024-05-07 15:32
georgeclerkLast week, Chinese tech stocks staged an impressive rally, outperforming the S&P 500 and the NASDAQ-100 in the same period. The reasons for the rally were many: stimulus increased, China’s GDP beat expectations, and investors upped short term speculative bets. It was a great run, and many analysts think it could continue. If you’re interested in playing the Chinese tech stock rally, read on because in this article, I will reveal five Chinese stocks that could benefit from Beijing’s stimulus. ...
Alibaba: On The Verge Of A Downfall
Seeking Alpha· 2024-05-06 21:16
maybefalse Once praised as a darling of Wall Street and taunted by investment analysts as one of the best stocks for exposure to the Chinese stock market, Alibaba Group Holding Limited (NYSE:BABA) has greatly disappointed investors with its stock being crushed with a return of -58% return in the last five years, despite e-commerce and cloud businesses performing well lately, on the opposite side of the Pacific Ocean. Price Development (Seeking Alpha) A combination of the CCP's crackdown on Chinese technolog ...
Chinese Stocks Stage Impressive Rebound
MarketBeat· 2024-05-06 11:46
Key PointsConfidence and capital return to Chinese stocks after years of market losses, geopolitical tensions, and a property crisis.China's economy experienced a notable growth of 5.3% in the first quarter of 2024, signaling a positive trajectory and a potential turnaround.Heavyweight Chinese stocks listed in the United State, such as JD, BABA, and BIDU, have rebounded recently and outperformed.After consecutive years of market losses in China, geopolitical tensions, and a lingering property crisis, many U ...
China Tech ETFs in Upbeat Momentum: Here's Why
Zacks Investment Research· 2024-05-02 18:01
China’s tech investing backdrop continues to evolve, particularly in the realms of artificial intelligence (AI) and the electric vehicle (EV) sector. The past year has seen a significant shift in investor sentiment toward China's tech giants, with a notable impact on AI development and an increasing association with the EV industry.China tech ETFs like KraneShares Hang Seng TECH Index ETF (KTEC) , Invesco China Technology ETF (CQQQ) , KraneShares CICC China 5G & Semiconductor Index ETF (KFVG) , KraneShares ...