Alibaba Group Holding Limited (9988.HK)
| Previous Close | 87.950 |
| Open | 88.000 |
| Bid | 87.350 x N/A |
| Ask | 87.250 x N/A |
| Day's Range | 87.000 - 88.750 |
| 52 Week Range | 64.600 - 118.700 |
| Volume | |
| Avg. Volume | 85,486,187 |
| Market Cap | 1.669T |
| Beta (5Y Monthly) | 0.35 |
| PE Ratio (TTM) | 23.19 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.98 (1.11%) |
| Ex-Dividend Date | Jun 12, 2024 |
| 1y Target Est | N/A |
- Yahoo Finance Video
Alibaba's core business is 'root of the issue': Strategist
Alibaba (BABA) reported quarterly results that missed sales estimates, though the company's cloud computing segment outperformed. Macrolens managing principal and chief strategist Brian McCarthy joined Catalysts to provide his analysis of the e-commerce giant's performance. "The stock's on a bit of a roller coaster," McCarthy acknowledged, though he notes that markets seem pleased with Alibaba's international business segment during the quarter. "It's really the one pocket of strong growth within this company at this point," he told Yahoo Finance. However, McCarthy pointed to Alibaba's domestic e-commerce businesses as a key area of concern. He describes these legacy operations as "basically flat," calling that "the root of the issue for this stock." According to McCarthy, Alibaba's core business is struggling in "a highly competitive sector in a market that is beset with very, very serious macro headwinds." To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Angel Smith
- Yahoo Finance Video
Fedspeak, US retail sales, Alibaba earnings: What to Watch
Market Domination Hosts Julie Hyman and Josh Lipton take a look at the top stories investors should watch on Friday. New York Federal Reserve President John Williams will deliver commentary on Friday as investors assess the Fed's next move in its rate easing cycle. His comments come after Fed Chair Jerome Powell's remarks on Thursday. The market will get new economic data with October US retail sales coming in Friday morning. Alibaba Group (BABA) is set to report earnings with analysts expecting weak consumer and business sentiment to weigh on the results. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Naomi Buchanan.
