Text size Alain Jocard / AFP via Getty Images Shares of Alibaba Group Holding traded modestly lower on Thursday despite posting results in June that were slightly better than Wall Street expectations. For the four-year period, the China-based e-commerce giant posted revenue of $ 21.8 billion, up 34% from a …
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Both Walmart (WMT) and Target (TGT) delivered fantastic second-quarter reports this week, and Barron’s had noted for the reports that Target was likely to receive a major boost from its results. That’s the way it’s been played, with Target stock jumping 12% on Wednesday afternoon, while Walmart reported losses after …
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A red flag from the Federal Reserve has crept investors a bit, in a week that has delivered milestones for equities. Global stocks are slipping after the Fed released the minutes of its last policy meeting late on Wednesday. “In summary, the minutes described a weakened economy on an uncertain …
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Are we at the beginning of the fast-paced V-shaped economic recovery? Not so fast, Jim Cramer told his Mad Money viewers on Wednesday. There are certainly signs of strength in the stock market, Cramer said, but he remained skeptical that a V-shaped recovery is possible until the financial sector shows …
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Home-building retailers Home Depot and Lowe’s had a phenomenal quarter, but investors are not in the mood to enjoy the profits. Home Depot sales grew by 23.4% in the quarter ended August 2. From last year, while Lowe’s revenue jumped 30% in the quarter ending July 31. Both companies have …
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