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Alibaba Group Holding Ltd. Sponsored ADR Stock News
Chinese e-commerce and cloud behemoth Alibaba stock has been a weak performer this year, rising by just about 1% since early January. In comparison, its U.S.-based peer Amazon has gained a solid 27% over the same period.
This article is follow-up coverage to my previous article published in January. BABA stock has gained 7.63% since January 2024, with strong fundamentals and growth potential. Technical analysis shows a bullish trend, with indicators pointing to further upside potential.
Cloud computing is key to modern technologies. Enterprises across industry verticals are pursuing digital transformation strategies in order to facilitate cost synergies.
Carnival is successfully converting strong travel demand into higher profitability. Tesla saw a jump in electric vehicle deliveries last quarter, which could signal the end of the stock's recent slump.
The U.S.-listed shares of China-based companies took a broad hit Monday after data showed that China's economy grew at a weaker rate than expected in the second quarter.
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