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Growing middle-class income could mean increased spending on consumer products and services in emerging markets.
Toll Brothers, Cree, Alibaba, Disney, Sony and Helios and Matheson Analytics are the companies to watch.
Marijuana is a hot topic right now! From presidential candidates to the wealthiest Americans, everyone is talking about the sector.
Alibaba (BABA) pushed back its planned secondary stock listing in Hong Kong. Alibaba aimed to raise as much as $20 billion through the listing.
Alibaba (BABA) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Hong Kong protests are making an impact. Alibaba has delayed an up to $20bn listing in the city, according to a Reuters report. Pressing ahead with the Chinese ecommerce giant’s listing — Hong Kong’s biggest in a decade — might have annoyed Beijing.