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Alibaba and JD.com stocks were rising on Monday, but the price action didn’t seem to be driven by sales results from the closely-watched annual Singles Day event. Alibaba (ticker: BABA) was up 2.5% in U.S. premarket trading, with shares in e-commerce peer JD.com (JD) gaining 3.5%, beating out futures tracking both the S&P 500 index … Read more
Shares of DaVita were on pace for their largest drop in more than two decades after the dialysis giant missed earnings expectations and lowered its profit outlook. The company said the third quarter was challenging. Continued pressure from the labor market and the pandemic “impacted our financial performance more than expected,” said CEO Javier Rodriguez.
Chinese stock markets Tuesday continued to trade around Monday’s lows when they plunged after President Xi Jinping received a further five-year term as leader of China. Hong Kong’s Hang Seng Index closed down 0.1% on Tuesday after dropping more than 6% to a new 13-year low on Monday. On the mainland the Shanghai Composite Index … Read more
Updated Sept. 15, 2022 5:42 pm ET Listen to article (1 minute) FedEx said its quarterly revenue fell below its expectations and it was closing offices and parking aircraft to offset declining volumes of packages moving around the world. FedEx shares tumbled 13% on the warning, which came after markets were closed Thursday and about … Read more
Text size Qualcomm is one of the 20 stocks on Goldman Sachs’ ‘margin of safety’ list. Pau Barrena /AFP via Getty Images Exxon Mobil , Qualcomm , Micron and Chevron are just some of the 20 “margin of safety” stocks Goldman Sachs recommends as macroeconomic and geopolitical headwinds have roiled U.S. stocks markets. The Russian … Read more
Text size DiDi headquarters in Beijing AFP via Getty Images Shares in DiDi Global plunged Wednesday after the embattled Chinese ride-hailing company said it was facing a Securities and Exchange Commission investigation into its initial public offering last year. Other Chinese tech stocks were dropping. American depositary receipts of DiDi (ticker: DIDI) lost 5% in … Read more
Text size Shares of Alibaba have notched massive declines. Greg Baker/AFP via Getty Images Investors in Alibaba Group Holding are used to pain. But the stock is really hurting this time, falling more than 20% in just four days. Shares in the e-commerce giant were getting hit again Tuesday. Alibaba is caught up in a … Read more
Text size A JD.com distribution center in Beijing. Greg Baker/AFP via Getty Images Shares of JD.com fell sharply Thursday after the Chinese e-commerce giant reported fourth-quarter earnings that topped analysts’ forecasts but slower sales growth. U.S.-listed shares of JD.com (ticker: JD) declined 17% on Thursday to $51.78. JD.com reported net revenue in the quarter of … Read more
Fed be nimble, Fed be quick. The quicker, the better, in fact. Hike interest rates, shrink your balance sheet, and let’s be done with it all before the stock market sinks even further. The market’s recent selloff began in late December, and has gathered considerable steam since the annual Barron’s Roundtable took place on Jan. … Read more