172.63 +2.41 (1.41%)
Pre-market: 8:57AM EDT
|Bid||172.18 x 400|
|Ask||172.22 x 500|
|Day's range||166.64 - 171.30|
|52-week range||114.00 - 206.20|
|PE ratio (TTM)||41.62|
|Earnings date||4 May 2018|
|Forward dividend & yield||N/A (N/A)|
|1y target est||217.63|
On April 23, Alphabet’s (GOOG) stock closed down 0.51% at $1,067.45 for the day. However, on a year-to-date basis, Alphabet’s stock price grew 2.0%, compared to the S&P 500’s return of -0.1%. Stock prices for peers Twitter (TWTR), Amazon (AMZN), and Alibaba (BABA) were up 30.0%, 29.8%, and 1.8%, respectively. However, Facebook (FB) was down nearly 6% on a YTD basis as of April 23.
Alibaba Cloud, the cloud computing arm of Alibaba Group, has won the 2018 MySQL Community Awards: Corporate Contributor, which recognizes its contribution to the MySQL ecosystem, the world’s most popular open source database.
While Alibaba, Weibo and Baozun search for support, fellow Chinese internet stock 58.com is trying to complete a new base and establish a potential buy zone.
Hermes Investment Management’s push for fair living wages of all workers at the companies it invests in gets as much play in a promotional video as the fact that all of its strategies have outperformed their respective benchmarks over the past five years. Hermes, which manages $44.6 billion in assets, emphasizes environmental, social, and governance (ESG) investing, leading to its motto, “Outcomes Beyond Performance.” Surely, though, Hermes’ prowess at making money has led Federated Investors (FII) to agree to buy a 60% stake in it from BTPS for $350 million two weeks ago. Hermes disclosed in an April 17 regulatory filing that it completely exited its position in General Electric (GE) in the first quarter.
Alibaba co-founder Jack Ma argues that nations from Japan to China need to develop their own semiconductor technology to get around America’s grip on the global chip market. The billionaire executive chairman of Alibaba Group Holding Ltd., explaining the e-commerce titan’s growing interest in chips including this month’s acquisition of local design-house Hangzhou C-Sky Microsystems Co., said he’s motivated in part by a desire to make chips “inclusive:” cheap, efficient and available to all. “America was the early mover and China, we need a lot of things.
Investors may have cooled on Alibaba Group Holding Ltd. as its profit margins narrow, but one of its early backers says the e-commerce giant is far from its peak. John Ho, founder and chief investment officer of Janchor Partners Ltd., a $4 billion fund whose 2012 stake in Alibaba has grown several times in value, said the Hangzhou-based behemoth will likely become a trillion dollar company in less than a decade. Alibaba has access to user data collected across its platforms that span shopping, food delivery, bike rentals and videos -- all linked by its mobile payments provider Alipay.
This time last year -- heading into March quarter earnings season -- Baidu Inc. was the dunce of the China internet party and its three closest competitors were clear winners. Shares of Alibaba Group Holding Ltd. and Tencent Holdings Ltd. were both up more than 25 percent for the year to date and JD.com Inc. was the belle of the ball with a gain of almost 34 percent.Baidu was the token guest with an advance of just 7 percent. Baidu’s turnaround story continues, but investors are yet to be convinced.
Today, we know the two companies as major players in the retail and cloud-computing spaces, but they actually started in very different places, growing more alike over the years, says Mike Lippert, portfolio manager at Baron Capital. Amazon began as a more-traditional retailer, owning inventory and distribution, while Alibaba was relatively asset-light, operating akin to a marketplace such as eBay (EBAY). Now, Amazon and Alibaba have seen their businesses evolve into forms much closer to each other, says Lippert.
The Google parent delivered better-than-expected earnings as well as revenues. The stock jumped more than 2% in extended trading, though it closed down 0.51% at $1,067.45 yesterday. The better-than-expected results came as the company focuses on growing its business and consistently delivering higher revenues, backed by strong growth in advertising sales on Google search and YouTube.
The analysts’ consensus for Apple on my Bloomberg shows 29 buys, 16 holds, no sells. General Electric, decades ago the biggest market capitalization in the S&P 500 just ran out of accounting mufti pufti and fights to stay above a single digit cast off. If Apple has run out of gas and Facebook needs shaking up, who is to say how technology is valued by the Street?
China has the world’s second-largest stock market, but very few of its biggest technology companies can be traded domestically. For years, China has watched as companies including e-retailing giant Alibaba Group Holding Ltd. and search engine Baidu Inc. headed overseas to go public, enriching investors from New York to Hong Kong. The CDRs would also waive corporate governance rules that have helped keep the likes of Alibaba away from their home market, a recognition of how important it’s become to win over the new titans of tech.