November 12, 2018 @ 5:49 pm | BABA, Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio |
The 10th annual Singles’ Day sales frenzy on November 11 resulted in a new record at China’s Alibaba (BABA) for one-day sales of $213.5 billion yuan ($30.7 billion.) This year merchandise sales for the world’s largest off-line and on-line shopping...
November 10, 2017 @ 6:33 pm | BABA, Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio |
Alibaba (BABA) generated $1 billion in gross merchandise volume in just the first three minutes of the Singles’ Day shopping event in China today. By the end of two hours the sales volume was just shy of $12 billion. The company’s Alibaba Cloud unit...
November 3, 2017 @ 6:58 pm | BABA, Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio |
Yesterday before the market opened in New York China’s e-commerce giant Alibaba (BABA) reported September quarter earnings of $1.29 a share (excluding one-time items.) That was 26 cents a share better than Wall Street projections. Revenue climbed 61% to $8.63...
October 30, 2017 @ 7:50 pm | Breaking News, Volatility, You May Have Missed |
Another very heavy week for earnings will reach a crescendo on Thursday, November 2. The excitement isn’t surprising after the huge earnings that Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT), and Intel (INTC) delivered this past Thursday, October 26. This...
August 30, 2017 @ 10:22 am | BABA, Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio, Update |
I’m on vacation until September 6. I wrote this post on August 24 before I left. On August 17 Alibaba Group Holding (BABA) reported another blowout quarter. Non-GAAP earnings per share climbed 65% and revenue rose 56%. And… on its conference call Alibaba...
June 9, 2017 @ 5:24 pm | BABA, Breaking News, Jubak Picks Portfolio, Jubak Top 50 Portfolio, Update |
Yesterday, June 8, Alibaba (BABA) forecast that revenue would climb by 49% for fiscal 2018. That’s a solid 10 percentage points above the recent projection from Wall Street analysts. The New York traded ADRs climbed almost 10% on the news yesterday....
August 11, 2016 @ 5:23 pm | BABA, Jubak Picks Portfolio, Update |
Update: August 11, 2016. Okay, the top line numbers were impressive. Today Alibaba Group Holding (BABA) reported a 59% increase in revenue for its June quarter. But for the first time Alibaba provided segment details on its various businesses–due at least in...