BABA Sep 2024 75.000 call
- Yahoo Finance Video
Alibaba stock sinks on Q4 profit loss of 86% YoY
Shares of Alibaba (BABA) are trading lower on Tuesday morning after the company posted an 86% loss in profit year-over-year. However, the company noted areas of acceleration, including customer growth and cloud computing revenue. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest developments for Alibaba and what they could mean for the company moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
- Yahoo Finance Video
Biden tariffs, PPI, Home Depot earnings: What to watch
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
- Investor's Business Daily
Alibaba Stock Slammed After Fiscal Q4 Results, But Is BABA Stock A Buy Now?
Alibaba stock rallied strongly ahead of its Q1 report, but a revenue beat was offset by weaker than expected earnings.
