Advertisement
Singapore markets open in 18 minutes
  • Straits Times Index

    3,187.66
    +32.97 (+1.05%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • Dow

    37,775.38
    +22.07 (+0.06%)
     
  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     
  • Bitcoin USD

    63,148.88
    +1,909.46 (+3.12%)
     
  • CMC Crypto 200

    1,303.04
    +417.50 (+46.70%)
     
  • FTSE 100

    7,877.05
    +29.06 (+0.37%)
     
  • Gold

    2,389.80
    -8.20 (-0.34%)
     
  • Crude Oil

    82.50
    -0.23 (-0.28%)
     
  • 10-Yr Bond

    4.6470
    +0.0620 (+1.35%)
     
  • Nikkei

    37,373.81
    -705.89 (-1.85%)
     
  • Hang Seng

    16,385.87
    +134.03 (+0.82%)
     
  • FTSE Bursa Malaysia

    1,544.76
    +4.34 (+0.28%)
     
  • Jakarta Composite Index

    7,166.81
    -7,130.84 (-49.87%)
     
  • PSE Index

    6,523.19
    +73.15 (+1.13%)
     

Alibaba Earnings: Why Are Shares Down on a Strong Report?

Alibaba Earnings: Why Are Shares Down on a Strong Report?

In this video, I will talk about Alibaba (NYSE: BABA), review its recent earnings report, and explain why the stock is down on a double-beat earnings report. *Stock prices used were from the trading day of May 17, 2023.