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Why Alibaba Stock Dived by Nearly 4% Today
The Motley Fool· 2024-03-14 22:45
An apparent effort at muscling into the e-commerce market of a neighboring country wasn't very impressive to Alibaba (BABA -3.91%) investors on Thursday. They traded out of the Chinese online retailer's stock, to the point where its U.S.-listed shares closed the day down by 3.9%. In contrast, the slumping S&P 500 index shed only 0.3% of its value.A renewed push in South Korea?Nikkei Asia, quoting a report from South Korea's Yonhap News Agency, published an article stating that Alibaba is to invest $1.1 bill ...
EC Deepens Investigation of AliExpress Compliance With Digital Services Act
PYMNTS· 2024-03-14 17:15
The European Commission (EC) has opened formal proceedings to determine whether AliExpress breached requirements of the Digital Services Act.The probe will look at the online marketplace’s management and mitigation of risks, content moderation, handling of complaints, transparency of advertising, traceability of traders and accessibility of data to researchers, the EC said in a Thursday (March 14) press release.The opening of formal proceedings does not prejudge an outcome, the release said. Instead, it mea ...
EU opens probe into Alibaba's AliExpress over illegal content, pornography on platform
CNBC· 2024-03-14 11:09
The logo of the Alibaba office building is seen in the Huangpu District in Shanghai, June 16, 2023.The European Commission on Thursday said it opened a formal investigation into AliExpress, an international e-commerce website run by Chinese tech giant Alibaba, over concerns surrounding the dissemination of illegal content.The Commission, the executive arm of the European Union, opened the probe into AliExpress under its landmark Digital Services Act, which came into effect this month. The wide-sweeping legi ...
Here's how Michael Burry's stock portfolio is performing so far
Finbold· 2024-03-13 09:52
Michael Burry’s stock market activities have been a major point of interest for investors ever since he made it big with a well-placed bet ahead of the 2008 crisis, which has since solidified its place in history as “The Big Short.”More than a decade and a half later, Burry is still making intriguing choices with his portfolio The Q3 2023 $4 million Alibaba (NYSE: BABA) bet, for example, has taken much attention in recent months, mostly due to the Chinese company’s seemingly endless decline following the pu ...
3 No-Brainer Stocks to Buy With $300 Right Now
The Motley Fool· 2024-03-13 09:21
Wall Street volatility has been on display since this decade began. In each of the past four years, the ageless Dow Jones Industrial Average, broad-based S&P 500, and growth-fueled Nasdaq Composite, have traded off bear and bull markets in successive years.For the moment, the bulls are running wild on Wall Street, with all three major indexes rallying to record-closing highs in 2024. But just because the Dow, S&P 500, and Nasdaq Composite are breaking through their previous ceilings, it doesn't mean amazing ...
5 Reasons Chinese Equities Have Bottomed
Zacks Investment Research· 2024-03-12 17:46
The COVID-19 Pandemic, a real estate crisis, and a slow economy have led to dramatic underperformance for Chinese equities over the past few years. For example, over the past five years, the iShares China Large-Cap ETF ((FXI) (an ETF that allows investors to gain exposure to a broad range of large-cap Chinese stocks) has nearly been cut in half, while the S&P 500 is up more than 80% over the same period!However, despite the poor performance in Chinese equities lately, it’s always worth keeping them on your ...
Wall Street Analysts Think Alibaba (BABA) Is a Good Investment: Is It?
Zacks Investment Research· 2024-03-12 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Alibaba (BABA) .Alibaba currently has an average brokerage recommendation (ABR) of 1.38, on a s ...
Why China Stocks Alibaba, JD.com, and PDD Holdings Were Climbing Today
The Motley Fool· 2024-03-11 20:54
Shares of Chinese stocks were rallying today after an annual parliamentary meeting came to a close and China posted some promising economic data. Beijing also announced another round of support for the economy, which investors hope will revive struggling Chinese stocks.Investors seemed encouraged by an improvement in the consumer price index, which was up 0.7% in February, showing increased demand during the key Lunar New Year holiday season. The producer price index, however, continued to fall. Investors h ...
100% Upside in This Real Estate Stock, Institutions Buying In
MarketBeat· 2024-03-11 12:41
Key PointsThere is an opportunity to hop along the contagion effect created by the U.S. real estate bull run, the same one Buffett is on.By spreading into China, investors' willingness to meet the government stimulus to bring KE Holdings stock to double.Analysts have been upgrading the stock, while other institutions have also been buying it in the past month.5 stocks we like better than Alibaba GroupYou now have a chance to profit from one of the biggest trends in the United States economy today. Warren Bu ...
Is Most-Watched Stock Alibaba Group Holding Limited (BABA) Worth Betting on Now?
Zacks Investment Research· 2024-03-08 15:06
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.Over the past month, shares of this online retailer have returned +2.5%, compared to the Zacks S&P 500 composite's +3.4% change. During this period, the Zacks Internet - Commerce industry, which Alibaba falls in, has gained 1.9%. The key question now is: What could be the stock's future direction?Although media reports or r ...