What is pulling the stocks down?
Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Alibaba: did coronavirus affect the earnings?
The Chinese e-commerce giant Alibaba will publish its earnings report on February 13, at 14:30 MT time.
This will be one of the most closely watched releases as investors will be assessing the impact of coronavirus outbreak on the spending in the e-commerce sector, logistics and supply chains. The company has already taken measures to support the distribution, which includes lowering the platform fees. The actual scope of the tragedy will be revealed with the publications of current and future financial data. For now, analysts anticipate the company to post EPS at $2.27 and the revenue of $22.66 billion. If the actual figures are weaker, it will be bad news for the Alibaba stock, which has been up by 29% over the past 12 months.
- If EPS and revenue outperform the forecasts, ALIBABA stock will rise;
- If EPS and revenue underperform the forecasts, ALIBABA stock will fall.
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Important events on February 17-21
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
TESLA needs more money
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.
Latest news
ZAR: an intriguing speech
The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
CAD: is Canadian GDP puzzled?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
The assets wrap: the best, the worst, and the most volatile
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.
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