🔥Stock Prediction: How will Alibaba close Thursday 10/8 following their earnings?
Click to vote. Guess how will $Alibaba(BABA)$ close Thursday 10/8 following their earnings?? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
$Alibaba(BABA)$ is set to release its earnings report on Thursday, Aug. 10, before the market open. BABA stock has risen close to 70% from its low of $58, including gains of 15% in the past thirty days. Wall Street expects Alibaba to earn RMB14.089 per share on revenue of RMB2229.39 billion.
$Alibaba(BABA)$ Q2 2023 earnings call will be held on 10 August 2023 at approximately at 19:30 SGT. To set a reminder, please click here
💡What to Watch for in Alibaba’s Q2 Earnings
The company is poised to catch up with China's re-opening and relaxing its zero-COVID policy. Along with more subdued regulatory scrutiny of big tech platforms in China, the headwinds BABA has faced over the past two years could be fading.
Another potential catalyst is the management recently touting new AI tools, putting BABA at the forefront the main providers of key AI technologies in China. The launch of AI tools is another way for BABA to leverage its market leadership position within the cloud segment. This highlights the company’s diversified revenue sources, along with its cloud potential.
When factoring its treasure chest of $55 billion of cash, along with the company consistently producing strong cash flows, Alibaba still presents tons of value at current levels. On Thursday the stock can continue its climb if Alibaba can deliver a top- and bottom-line beat and provide confident outlook for the next quarter and full year, especially given that it is facing much more favorable year-over-year comparisons.
💰Event Details
Click to vote. Guess where $Alibaba(BABA)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
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⏰Event Duration
The deadline for this event is 21:00 on 10 August 2023
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🔥Stock Prediction: How will Alibaba close Thursday 10/8 following their earnings?(Single choice)Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
🌟🌟🌟I believe that $Alibaba(BABA)$
will close Flat today after its latest earnings report even though it is set to post higher sales and profit for the latest quarter.
This is due to the latest report that China is sliding into Deflation while investors are worried about the latest US CPI report due today. The market sentiment is Bearish in view of the macroeconomic headwinds.
Alibaba's share price is up 0.67% today and 3% year todate. I believe that Alibaba is undervalued and with the latest restructuring of its company from 1 to 6, this will provide the catalyst to take Alibaba's share price past USD 100 and beyond. This as well as the economic stimulus provided by the Chinese authorities will kick-start an upward trajectory to new heights of success for Alibaba. It's time for Alibaba to shine 🌟🌟🌟🌈🌈🌈
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I hope this is the time they start their moves…
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