Alibaba Group Holding Ltd. (NYSE: BABA) released its fiscal first-quarter financial results before the markets opened on Thursday. The company posted $1.22 in earnings per share (EPS) and $12.23 billion in revenue, compared with consensus estimates that called for $1.21 in EPS and revenue of $11.8 billion. The same period of last year reportedly had EPS of $1.15 and $7.29 billion in revenue.
During the latest quarter, annual active consumers on its China retail marketplace reached 576 million, an increase of 24 million from the 12-month period ended March 31, 2018. Mobile monthly active users on its China retail marketplaces reached 634 million in June 2018, an increase of 17 million over March 2018.
In terms of its segments, the company reported as follows:
Core Commerce revenues increased 61% year over year to $10.46 billion. Cloud Computing increased 93% to $710 million. Digital Media and Entertainment increased 46% to $903 million. Innovation Initiatives increased 64% to $160 million.There was no guidance released in the report. However, analysts are calling for $1.30 in EPS and $13.13 billion in revenue for the fiscal second quarter.
Hot China Stocks To Own Right Now: Sina Corporation(SINA)
Advisors' Opinion:- [By Leo Sun]
But as the U.S. market remains stuck in neutral, Chinese tech stocks have thrived, sparked by impressive growth figures and their detachment from U.S.-centered issues. Let's examine three stocks in that industry which have already rallied more than 30% this month -- Baozun (NASDAQ:BZUN), Weibo (NASDAQ:WB), and SINA (NASDAQ:SINA).
- [By Garrett Baldwin]
And with just a few smart plays in today's classic stock picker's market, you can pull in triple-digit gains with just a small investment.
The Top Stock Market Stories for Wednesday The Walt Disney Company (NYSE: DIS) was off nearly 1% after the entertainment giant fell short of profit expectations. The firm reported a sharp rise in programming costs to complement a big uptick in technology investment. The company reported earnings per share of $1.87, a figure that was $0.08 short of the Wall Street consensus. ESPN, the company's largest network, reported a big jump in programming costs – tied heavily to broadcasting rights – and a decline in subscribers. The company still reported a 20% jump in studio revenue year over year. Oil prices were falling Wednesday over concerns about Chinese demand. The downturn comes as markets monitor the impact of renewed U.S. sanctions on Iran. The Trump administration enacted the first batch of sanctions Tuesday morning; however, these sanctions did not immediately impact the nation's ability to export oil. Should the sanctions affect crude supplies, it is possible that speculators could push prices higher due to supply concerns. Finally, let's take a look at the growing $10 billion legal cannabis market in North America. Not everyone needs to grow a plant to make money. There are hundreds of companies making money without growing marijuana. From what inside sources told Money Morning editor Jack Delaney, luxury cannabis products are going to be the next big thing. Let's show you how to tap into this niche trend in the years ahead, right here. Three Stocks to Watch Today: CVS, TSLA, SNAP CVS Health Corp. (NYSE: CVS) leads a busy day of earnings reports. The firm's stock added 1.3% after CVS reported an adjusted EPS of $1.69 and $46.7 billion in revenue. Wall Street expected the firm would report an EPS of $1.61 on top of $46.45 billion. The company announced it is taking on Amazon.com (Nasdaq: AMZN) with a st - [By Leo Sun, Chuck Saletta, and Jordan Wathen]
Leo Sun (SINA): SINA is one of China's oldest internet companies, and it owns a network of portal sites and a controlling stake in Weibo, which it spun off back in 2014. SINA still generated nearly 80% of its sales from Weibo last quarter.
- [By Ethan Ryder]
Get a free copy of the Zacks research report on SINA (SINA)
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- [By Logan Wallace]
Get a free copy of the Zacks research report on SINA (SINA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Leo Sun]
Shares of Weibo (NASDAQ:WB) and its parent SINA (NASDAQ:SINA) tumbled 14% and 10%, respectively, after posting their first quarter results on May 9. The sell-off was surprising, since both companies easily beat analyst expectations.
Hot China Stocks To Own Right Now: Netease.com Inc.(NTES)
Advisors' Opinion:- [By Rick Munarriz]
It's been a rough year for NetEase (NASDAQ:NTES) shareholders. The Chinese online gaming pioneer hit another 52-week low last week. The stock begins this week trading 48% off the all-time highs it set just nine months ago.
- [By Anders Bylund]
Chinese online media giant NetEase Inc. (NASDAQ:NTES) is hardly the talk of the town. Sporting a $30 billion market cap, NetEase works in a consumer-facing industry, and share prices have bounced between $222 and $378 over the last year. And these are the hallmarks of the market's most-discussed tickers.
- [By Joe Tenebruso]
NetEase's (NASDAQ:NTES) shares sold off after the Chinese gaming leader delivered second-quarter financial results that disappointed Wall Street. Yet it was a relatively solid quarter, with revenue rising 21.7% in local currency. During NetEase's earnings call, Chief Financial Officer Zhaoxuan Yang highlighted several powerful growth drivers that could help the company's stock rebound in the quarters ahead. Here are the key points long-term shareholders will want to know.
- [By Dan Caplinger]
Thursday was a relatively quiet day on Wall Street, and action in different parts of the market showed mixed signals for investors. On one hand, small-cap stocks moved higher, with key benchmarks in that area hitting record highs. Yet the better-known large-cap stock indexes like the S&P 500 gave up early gains. Looking more closely at individual stocks, some companies suffered from bad news that sent their shares falling. J.C. Penney (NYSE:JCP), NetEase (NASDAQ:NTES), and Jounce Therapeutics (NASDAQ:JNCE) were among the worst performers on the day. Here's why they did so poorly.
Hot China Stocks To Own Right Now: Clean Diesel Technologies Inc.(CDTI)
Advisors' Opinion:- [By Logan Wallace]
Shares of CDTi Advanced Materials Inc (NASDAQ:CDTI) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $0.33 and last traded at $0.36, with a volume of 500 shares trading hands. The stock had previously closed at $0.36.
- [By Stephan Byrd]
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
Get Molecular Templates alerts: Trading Center: Watching the Levels for Molecular Templates, Inc. (:MTEM): Move of 0.02 Since the Open (stocknewscaller.com) Molecular Templates (MTEM) Announces Clinical Data at 2018 ASCO Meeting (streetinsider.com) Gallbladder Cancer Treatment Sales Market Size by Players, Regions, Type, Application and Forecast to 2025 (exclusivereportage.com) ATR in spotlight EnSync, Inc. (NYSE:ESNC), CDTi Advanced Materials, Inc. (NASDAQ:CDTI), Molecular Templates, Inc … (stocksnewspoint.com)MTEM has been the subject of several research analyst reports. ValuEngine lowered shares of Molecular Templates from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Molecular Templates from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.20.
Hot China Stocks To Own Right Now: ATA Inc.(ATAI)
Advisors' Opinion:- [By Paul Ausick]
ATA Inc. (NASDAQ: ATAI) traded down about 14% Monday to set a new 52-week low of $0.82, based on revalued shares that closed at $0.72 on Friday but traded up about 250% on Monday at $2.53. Volume was more than 200 times the daily average of around 42,000. You’re on your own here to figure this one out.
Hot China Stocks To Own Right Now: Renesola Ltd.(SOL)
Advisors' Opinion:- [By Logan Wallace]
Get a free copy of the Zacks research report on ReneSola (SOL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Max Byerly]
Sola Token (CURRENCY:SOL) traded up 26.7% against the US dollar during the 24 hour period ending at 22:00 PM E.T. on September 28th. One Sola Token token can currently be bought for $0.0085 or 0.00000131 BTC on popular exchanges including Tidex and OpenLedger DEX. Sola Token has a market capitalization of $0.00 and approximately $3,239.00 worth of Sola Token was traded on exchanges in the last 24 hours. During the last week, Sola Token has traded flat against the US dollar.
- [By Max Byerly]
Sola Token (CURRENCY:SOL) traded 17.9% lower against the dollar during the 1-day period ending at 16:00 PM E.T. on October 11th. One Sola Token token can now be bought for about $0.0054 or 0.00000087 BTC on cryptocurrency exchanges including Tidex and OpenLedger DEX. Sola Token has a total market cap of $153,306.00 and $1,856.00 worth of Sola Token was traded on exchanges in the last 24 hours. In the last seven days, Sola Token has traded down 12.2% against the dollar.
Hot China Stocks To Own Right Now: Focus Media Holding Limited(FMCN)
Advisors' Opinion:- [By Stephan Byrd]
An issue of Focus Media Holding Limited (NASDAQ:FMCN) bonds fell 0.9% against their face value during trading on Monday. The high-yield debt issue has a 7.25% coupon and will mature on April 1, 2023. The bonds in the issue are now trading at $99.13 and were trading at $98.13 last week. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.
- [By Stephan Byrd]
An issue of Focus Media Holding Limited (NASDAQ:FMCN) debt fell 1.1% against its face value during trading on Tuesday. The debt issue has a 7.5% coupon and is set to mature on April 1, 2025. The debt is now trading at $97.63 and was trading at $98.50 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.
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