Previous close | 32.80 |
Open | 35.00 |
Bid | 33.65 |
Ask | 37.85 |
Strike | 55.00 |
Expiry date | 2025-12-19 |
Day's range | 35.00 - 36.85 |
Contract range | N/A |
Volume | |
Open interest | 58 |
According to a Bloomberg report, the Biden administration could make an announcement on tariffs on Chinese EVs as early as Tuesday morning. The tariffs could rise as high as 102.5%. Economic data in the form of the Producer Price Index (PPI) is set to be released with an expected rise of 0.1% compared to last month. Core PPI is expected to remain steady month over month. Federal Reserve Chair Jerome Powell and Fed Governor Lisa Cook are set to speak on Tuesday, potentially commenting on the aforementioned data. Another set of earnings will also be released: Home Depot (HD), Alibaba Group (BABA), On Holding (ONON), Rumble (RUM), Jack in the Box (JACK) For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
The stock is down4% over the past year, but has jumped 19% over a month. Inflation data disclosed over the weekend gave it a lift.
Alibaba's (BABA) fiscal fourth-quarter results are likely to reflect strength in the International commerce, logistics, local services and cloud businesses despite macroeconomic concerns in China.