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Alibaba Group Holding Limited BABA is considering the sale of its grocery business Freshippo and retailer RT-Mart, aligning with a strategic pivot towards focusing on its core e-commerce operations and shedding non-essential, unprofitable units. This decision under chairman Joe Tsai and CEO Eddie Wu reflects a broader …

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Rivian (NASDAQ: RIVN) has emerged as a strong candidate to move from young electric vehicle (EV) start-up to significant player. While the stock has trended lower as EV sales growth has slowed in the U.S., the company is still an intriguing long-term play you can …

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The stock market closed higher on Thursday, but amidst the chaos, several noteworthy insider trades transpired. When insiders make substantial purchases, it conveys their belief in a company’s future or suggests the stock is a steal. Even so, investors shouldn’t gamble solely on insider sentiment. …

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As of Feb. 2, 2024, there are concerns about four stocks in the health care sector that could serve as a warning to investors who place significant value on momentum when making trading decisions. The RSI, a momentum indicator, compares a stock’s strength on days …

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Underperformance Amidst Industry Highs Investors in Chinese stocks have been weathering a disappointing storm. While U.S. stock markets continue their upward trajectory, Chinese stocks, including Alibaba Group Holding (BABA), have tumbled to their lowest levels in five years. Last month, Alibaba shares briefly dipped below …

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Recent Q4 and full-year 2023 earnings for the electric vehicle (EV) giant Tesla (NASDAQ: TSLA) left investors rattled. CEO Elon Musk’s lukewarm comments on the company’s artificial intelligence (AI) projects and the decelerating EV business growth, coupled with deteriorating margins and cash flow, have caused …

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RichLegg/E+ via Getty Images C.H. Robinson (NASDAQ:CHRW) -12.9% in Thursday’s trading to its lowest since May 2020 after the freight broker reported Q4 adjusted earnings that missed estimates by a wide margin, as it continues to struggle with poor freight demand and a negative pricing …

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Impressive Fourth-Quarter Results Ferrari N.V. RACE shares are trading higher on Thursday after reporting fourth-quarter results. The company reported fourth-quarter FY23 sales growth of 11% year-on-year to $1.639 billion (€1.523 billion), beating the analyst consensus estimate of $1.630 billion. Cars and spare parts revenue rose 11% Y/Y, and …

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Every investor worth their salt is on the prowl for the elusive strong buy stocks, and today we bring a feast of financial wildlife for your picking. Five gems sparkle in the Zacks Rank #1 (Strong Buy) List that command your attention: NRG Energy, Inc. …

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Avnet AVT has reported stronger-than-anticipated second-quarter fiscal 2024 results, demonstrating resilience in the face of challenging economic conditions. The company’s non-GAAP earnings of $1.40 per share surpassed the Zacks Consensus Estimate by a narrow margin. Although the reported figure marked a 30% decline from the …

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