What to expect from Alibaba earnings amid trade war concerns

Alibaba will report its fiscal first-quarter 2019 earnings early on Thursday. Source:  Bloomberg/Bloomberg

Alibaba (BABA) is scheduled to report its fiscal first-quarter 2019 earnings on Thursday before the markets open.

Wall Street analysts are generally expecting the Hangzhou, China-based online retail giant to report earnings-per-share of $1.22 on revenues of $11.76 billion — up from earnings-per-share of $1.15 on revenues of $7.29 billion during the same period last year.

Although the stock is down 3% year-to-date over concerns around the U.S trade war with China, many analysts are optimistic that Alibaba has positioned itself well for long-term growth thanks to its strong core retail business, its digital payments platform AliPay, and a recent string of smart investments. It could also benefit from new growth areas like Alibaba Cloud, which is rapidly growing but still lags behind competition such as Amazon (AMZN) and Microsoft (MSFT) in market share.

Management could also address how investments are affecting margins, given a whirlwind of investment activity in recent months. This April, Alibaba completed the acquisition of the food delivery startup Ele.me for an undisclosed amount. In May, Alibaba, Cainiao Network and other investors invested nearly $1.4 billion for a 10% stake in ZTO Express, an express-delivery company. Two months later, Alibaba also invested $2.2 billion in Focus Media, a Chinese outdoor advertiser, to expand its advertising beyond its online platforms. 

Morgan Stanley tech analyst Grace Chen remains bullish on Alibaba and raised her price target on Alibaba from $230 per share to $240 per share. 

“We believe in its long-term potential as the new retail ecosystem matures, despite near-term margin pressure,” Chen wrote in a report.

Likewise, Baird senior research analyst Colin Sebastian maintains an Outperform rating on Alibaba with a $220 per share price target.

“While Alibaba is a growing e-commerce company in the world’s most populous country, the company’s influence across the digital landscape continues to expand,” Sebastian wrote in a report. “In particular, we note a string of acquisitions and internal investments that are broadening the revenue mix and investment profile.”

Also expected: management weighing in on consumer retail spending and ad spending in light of investors’ concerns that the U.S trade war with China could have adverse effects on the business. 

Heritage and dancing on Sudanese tunes (musical instruments)

The customs and traditions in Sudan vary in terms of the many cultures among the inhabitants of the northern, eastern, western and central Sudan regions.

This popular dance is prevalent in the north and east of the Sudan between the tribes of the Beja and Batahin and some tribes in northern Sudan and West and express the musical instrument of the most popular melodies local and beloved to all the people of Sudan in the cities and rural Sudan

7 SUPERFOODS FOR REVERSE AGING

Role of Superfoods in Reversing Aging Process Eating superfoods is a key to slow down and reverse the aging process. The superfoods are the foods that have balanced ingredients. These foods provide the body with enough proteins, carbohydrates, minerals, and other components that prove helpful in strengthening the cells in the body. Eating these healthy foods also slows down the deterioration of the cells in the body. As a result the production of useless cells in the body stops. This keeps the body in a better working position. Page | 7 Although there is no criterion to grade the food as superfood, yet the foods that are nutritiously dense are called superfoods. Eating these foods keeps the body healthy. The researchers say that if you want to reverse or slow down the aging process, you?ll have to develop good eating habits in yourself. They have also listed some foods as the superfoods and said that eating these foods may either slow down or reverse the aging process

Bitcoin (BTC) Daily Price Forecast – August 16

BTC/USD Medium-term Trend: Bullish

Resistance levels: $6,400, $6,500, $6,600
Support levels: $6,300, $6,200, $6,100

Yesterday, August 15th, the price of Bitcoin was in a bullish trend. The support level at $6,000 was defended by the bulls. This accounts for the presence of the bullish trend. The BTC price becomes stronger and was approaching the previous highs of $6,500 and $7,000. Later, the BTC price was resisted at the price of $6,589.74.

The price of Bitcoin now fluctuates between the $6,000 and $6,500 price levels. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 52 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in a bullish trend. The BTC price is rising after being resisted at the $6,500 price level. Nevertheless, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicate that a bullish trend is ongoing.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research
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