Alibaba jumps 10.4% premarket ahead of earnings

EarningsCorporate ActionAnalyst
โดย Investing.com·Read original
Summary · why it matters

Alibaba Group surged 10.4% in premarket trading as investors positioned ahead of its upcoming earnings report, buoyed by expectations of narrowing losses in its instant-commerce business and stable profitability. The broader market declined, with Dow futures down 1.04%, S&P 500 futures off 0.9%, and Nasdaq 100 futures sliding 1.1%, after President Trump cast doubt on an interim peace agreement with Iran. Occidental Petroleum climbed 3.8% following an Evercore ISI double upgrade to Outperform with a $65 price target, citing a stronger balance sheet and improved capital efficiency. Rivian Automotive fell 4.7% after pricing a 75 million-share public offering at $15.50 per share to raise approximately $1.2 billion for equity contributions tied to a Department of Energy loan agreement. Bath & Body Works slipped 4.1% after Goldman Sachs downgraded the retailer to Sell, pointing to weakening consumer sentiment and softer brand engagement among younger shoppers.

Impact on stocks 4

Artificial Intelligence▲ · 1 stocks
Alibaba Group Holding Ltd
9988
▲ PositiveCapitalrelevance

Surged 10.4% premarket ahead of earnings, buoyed by expectations of narrowing losses in instant-commerce and stable profitability.

Consumer Discretionary▼ · 1 stocks
Bath & Body Works Inc.
BBWI
▼ NegativeDemandrelevance

Goldman Sachs downgraded to Sell, citing weakening consumer sentiment and softer brand engagement among younger shoppers.

Carbon Removal (DAC)▲ · 1 stocks
Occidental Petroleum Corporation
OXY
▲ PositiveCapitalrelevance

Evercore ISI double upgraded to Outperform with $65 target, citing stronger balance sheet and improved capital efficiency.

Electrification & Mobility▼ · 1 stocks
Rivian Automotive Inc
RIVN
▼ NegativeCapitalrelevance

Priced a 75 million-share public offering at $15.50 to raise ~$1.2 billion, diluting existing shareholders.

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