Brean Capital Cuts Price Target on Alibaba (BABA) to $92 Following 1Q16 Results

UBS Cuts Price Target on Yahoo! (YHOO) to $51 Following Revised BABA Outlook

UBS maintained a Buy rating on Yahoo! (NASDAQ: YHOO), and cut the price target to $51.00 (from $57.00), on a revised BABA outlook. The revised price target on YHOO follows a downward revision on BABA, whose price target was cut to $101 (From $112).

Analyst Eric... More

As Macy's eyes China, some see need for more focus at home

By Nandita Bose and Sruthi Ramakrishnan

(Reuters) - Macy's Inc's (NYSE: M) plan to open a virtual store on Alibaba offers a cheap way into China, but as the latest in a long list of initiatives to spur growth it could spread management thin.

On Wednesday, Macy's said it has formed a joint venture in China with Hong Kong-based Fung Retailing that will start by selling products on Alibaba Group Holdings Ltd's (NYSE: BABA) Tmall Global marketplace.

The deal comes in the wake of... More

Market Wrap: Markets Fend-off Further Yuan Slump; ITG Enters 'Dark Pool' Settlement; Cisco Ramps on Results; Pearson OKs Economist Group Sale

Market wrap for August 12th

End of the Day: S&P 500 up 2.0 to 2,086.05; Dow Jones down 0.3 to 17,402.51; Nasdaq up 7.6 to 5,044.39

Market Brief: Stocks moved into positive territory late Wednesday as they looked to stave off broader pressure tied to China devaluing the yuan.

Macy's slumped amid mixed data points; the retailer's Q2 results laggest expectations, while it also announced expansion deals, which included a flagship store on Alibaba's Tmall.

Alibaba itself was hit after missing consensus Q2 estimates.

Ceres and... More

RBC Capital 'Less Bullish' on Alibaba (BABA) Following Results But Keeps 'Outperform' Rating; PT Cut to $91

RBC Capital analyst Mark Mahaney lowered his price target on Alibaba (NYSE: BABA) to $91.00 (from $105.00) following mixed June quarter results but maintained an Outperform rating. The analyst noted krowth decelerated across the board, due to 1x events, possible macro softness, Large Numbers Law, and possible market share losses.

The keys for the quarter, according to the analyst: Keys 1) Mobile & Desktop Trends Mobile GMV of 371B RMB beat consensus of 366B RMB while monetization showed substantial Y/Y improvement, leading to Mobile Revenue +225% Y/Y to 7.9B RMB.... More

Alibaba (BABA) Long-Term Thesis Unchanged, Cantor Fitzgerald Says; PT Trimmed to $95

Cantor Fitzgerald analyst Youssef Squali trimmed his price target on Alibaba (NYSE: BABA) to $95.00 (from $110.00) following results but maintained a Buy rating saying the long-term thesis is unchanged.

Squali commented, "We are maintaining our positive long-term bias on BABA based on the company's strong... More

Notable 52-Week Highs and Lows 8/12: (W) (FIS) (HCKT) High; (SUNE) (BABA) (ARCO) Low

52-Week High:Wayfair (NYSE: W) $50.62. Wayfair gaining after it reported Q2 EPS of ($0.15), which was $0.14 better than the analyst estimate of ($0.29). Revenue for the quarter came in at $491.8 million versus the consensus estimate of $438.49 million.

Fidelity National Information Services (NYSE: FIS) $70.37. Fidelity National Information Services announced that it has signed a definitive agreement to acquire Wayne,... More

Alibaba's (BABA) Price Target Trimmed to $95 at Evercore ISI

Evercore ISI maintained a Buy rating on Alibaba (NYSE: BABA) but lowered its price target to $95.00 (from $101.00). Analyst Ken Sena said soft Q1 results were tied to lower PC monetization.

"While China Retail Revenue of ¥15.7bn (24% y/y) was in-line with our estimates, it missed the Street by 4%,... More

Wedbush Downgrades Alibaba (BABA) to Neutral

Wedbush downgraded Alibaba (NYSE: BABA) from Outperform to Neutral with a price target of $80.00 (from $115.00).

Analyst Gil Luria commented, "We believe BABA offers a unique combination of size, growth and profitability. However, with a lower growth trajectory and heightened Chinese macro risk we... More

Yahoo! (YHOO) Slammed as Value of Alibaba (BABA) Stake Collapses

Yahoo! (NASDAQ: YHOO) is under heavy pressure early Wednesday in light of disappointing results from Alibaba (NYSE: BABA). Shares of YHOO are down 5.3%, which corresponds with a 8% drubbing of BABA.

Yahoo is seeking to spin-off its remaining... More

Macy's to set up China online store on Alibaba's Tmall Global

(Reuters) - Alibaba Group Holding Ltd (NYSE: BABA) said it signed an agreement with the Chinese joint venture of Macy's Inc (NYSE: M) to set up the U.S. retailer's store on its online marketplace, Tmall Global.

The deal... More

Pre-Open Stock Movers 08/12: (W) (SLTD) (CDK) Higher; (APP) (FOSL) (BABA) Lower (more...)

American Apparel (NYSE: APP) 24.7% LOWER; will delay 10-Q, evaluate alternatives

Wayfair (NYSE:... More

Alibaba (BABA), Macy's (M) Enter Partnershp for Flagship Store on Tmall Global

Alibaba (NYSE: BABA) announced an exclusive agreement with Macys (NYSE: M) China Limited, a joint venture between Macys Inc, one of Americas most iconic fashion retailers and the largest U.S. department store by retail sales, and Hong Kong-based Fung Retailing Limited, a leading retailer in Greater China (1). Under the agreement, Macys China Limited will launch an exclusive online flagship store on Tmall Global providing a wide selection of authentic, high-quality Macys merchandise to shoppers in China. This partnership will enable Macys brands to reach... More

Macy's cuts full-year sales forecast, forms China venture

By Sruthi Ramakrishnan and Nandita Bose

(Reuters) - Macy's Inc (NYSE: M) lowered its full-year sales forecast and said it formed an ecommerce joint venture in China to sell products on Alibaba Group Holdings Ltd's (NYSE: BABA) Tmall marketplace as the department store operator looks to grow beyond the sluggish U.S. market.

The company's shares closed down 5 percent at $64.11 on Wednesday after it also reported weaker-than-expected quarterly results, hurt by heavy discounts and a strong dollar that curbed spending by foreign tourists.

Wall St. ends near flat after late-day rally

By Caroline Valetkevitch

(Reuters) - U.S. stocks rebounded in afternoon trading on Wednesday to end little changed as energy shares and Apple bounced back, offseting continued concerns about a slowdown in China.

The S&P energy index climbed 1.9 percent, the S&P 500's biggest positive, as investors grabbed energy companies shares, encouraged by a bounce up in oil prices from six-year lows hit the previous session. Energy companies have reeled in recent weeks on concerns about China, a top consumer of energy and commodities.

Apple (NASDAQ:... More

UPDATE: Alibaba (BABA), Tencent Looks to Invest in China Internet TV Startup

(Updated - August 12, 2015 7:20 AM EDT)

Alibaba (NYSE: BABA) and Tencent may invest in China Internet TV startup, according to the WSJ.

UPDATE - According to the report, the duo will invest in China Media Capital's... More

Alibaba (BABA) Tops Q1 EPS by 1c; Approves $4B Common Stock Buyback

(Updated - August 12, 2015 7:02 AM EDT)

Alibaba (NYSE: BABA) reported Q1 EPS of $0.59, $0.01 better than the analyst estimate of $0.58. Revenue for the quarter came in at $3.27 billion versus the consensus estimate of $3.39 billion.

Alibaba's Board of Directors has authorized a share repurchase program in an aggregate amount of up to US$4 billion over a period of two years, primarily to offset dilution, for example, from our share-based compensation programs.

GMV GMV transacted on our China retail marketplaces in the quarter ended June 30, 2015 was RMB673 billion (US$109 billion), an increase of 34%... More

Alibaba's Suning deal a riposte to growing might of rival JD.com

By Paul Carsten

BEIJING (Reuters) - "Tragedy" that was Alibaba Group Holding Ltd (NYSE: BABA) founder Jack Ma's prediction for the fate of rival JD.com Inc (NASDAQ: JD) in comments published earlier this year.

On Monday Alibaba signaled it is no longer writing off its smaller competitor, making a $4.6 billion investment to give it more traction in two areas JD.com does well in: logistics and electronics.

Ma's online shopping titan bought into bricks-and-mortar electronics retailer Suning Commerce Group Co Ltd, surprising investors given it has... More

Alibaba (BABA) Shares Slump Ahead of Q1 Report

Alibaba (NYSE: BABA) shares are trading to a 52-week low Tuesday ahead of the company's FQ1 earnings report, which is expected out before markets open tomorrow.

Consensus estimates are looking for Alibaba to post FQ1 EPS of $0.58 with revenue of $3.39 billion, versus EPS of... More

Trading Radar for 8/12: Alibaba (BABA), Cisco (CSCO), Macy's (M), News Corp. (NWSA), Wayfair (W) Report

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:00am EDT

Earnings:

AdCare Health Systems (NYSE: ADK) - no Street consensus
Alibaba (NYSE: BABA) - consensus EPS $0.58
American DG Energy (Nasdaq: ADGE) - no Street consensus
Applied Industrial Technologies (NYSE: AIT) - consensus EPS $0.73
Aramark Services (Nasdaq:... More