HomeLifestyleRetailChinese Stocks: Alibaba & Baidu Earnings Market Reaction
Chinese Stocks: Alibaba & Baidu Earnings Market Reaction

Alibaba (BABA) stock price today was up almost 15% after their earnings report was released. "It is unclear how easing Covid restrictions will affect Alibaba. The Chinese government has made multiple statements indicated support for their sector," says Kevin Riley. Is Alibaba a stay-at-home play like Amazon or Netflix? "BABA beat earnings expectations, but those expectations came way down. I do not see the political situation changing soon, so we cannot get excited about the stock price," adds John Freeman.

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26 May 2022

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