Once the funds feel that it's too risky to continue to artificially inflate other tech stocks, they will move their funds back to the deflate balloons like JD and Alibaba
Is Alibaba share price USD250 or 300? Is it not making money? Didn't it not give dividend last quarter? If not, why keeping painting glummy picture as though the company is going bust tomorrow?
Alibaba Misses Revenue Estimates; Boosts Buyback by $25 Billion
Alibaba : Q3 Non-GAAP EPS of $2.67 beats by $0.03. Revenue of $36.67B beats by $270M.Alibaba shares jumped over 4% on the news.“Alibaba Group delivered a healthy quarter with revenue growth of 5% year-over-year. We increased our investment in strategic priorities and improved shareholder return by leveraging our strong balance sheet and cash flow. Our board of directors approved an increase of US$25 billion to our share repurchase program, demonstrating our confidence in the outlook of our busi
Meta's Stock Soars 14% on Big Revenue and Earnings Gains, Strong Outlook
Facebook parent Meta Platforms Inc.'s stock soared 12% after hours Thursday on a surge in quarterly digital-advertising sales, and big beats on revenue and earnings.The company's board of directors also declared their first cash dividend of 50 cents a share, payable March 26.Meta reported fiscal fourth-quarter net income of $14.02 billion, or $5.33 a share, compared with net income of $4.65 billion, or $1.76 a share, in the same quarter a year earlier.Revenue expanded 25% to $40.11 billion from $32.2 billion in the year-ago quarter.A bounce-back in advertising, the continued monetization of Instagram and Reels, and AI-fueled ad-targeting and measurement contributed to the quarter's performance. Meta's exemplary performance comes two days after a similarly strong quarter from Google parent Alphabet Inc. ."We had a good quarter as our community and business continue to grow," Meta Chief Executive Mark Zuckerberg said in a statement announcing the results. "We've made a lot of progress
This equity onslaught seems similar to 1997 currencies onslaught. Quite coordinated attack. Whatever good economic news from China will be met with further selloff. China will need to be able to defend itself otherwise their growth in 2024 will be zero
If you know the pain, it can be easily rectified. There are quite many others who are exuberating without knowing the pain exists is a real cause for concern
Alibaba Stock Drops. A Rival's Success Might Act as a Call for Action
When things are going badly for you, the last thing you want to hear is a neighbor talking about how well they're doing. That's roughly the situation Alibaba finds itself in with respect to Chinese internet peer PDD Holdings.Alibaba is struggling to reassure investors about its strategy after dramatically abandoning a plan to spin off its cloud unit, apparently hit by U.S. controls on chip exports.Alibaba ADRs were down 2.6% at $74.74 in premarket trading Wednesday, having fallen 13% this year through Tuesday's close.Meanwhile, PDD, the owner of the Pinduoduo and Temu retail platforms, is wowing investors with its strong revenue growth, especially in the U.S. and other international markets.PDD's ADRs were down 0.5% in premarket trading, having risen 18% on Tuesday following its third-quarter earnings. Its American depositary receipts were up 70% this year through Tuesday's close.The feeling of divergence between the two Chinese e-commerce giants was reinforced by a post by Alibaba fou