Emerging Markets Consumer

Why JD.com Stock Climbed 10.8% in June

The online retailer is benefiting from powerful tailwinds and posting strong performance, and its share price has climbed roughly 74% this year.

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  Why Datadog Stock Surged 22% in June

  Motley Fool
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  Why UPS Stock Soared in June

  Motley Fool

Why Youdao Stock Skyrocketed 66.9% in June

Shares of Youdao (NYSE: DAO) gained 66.9% in June, according to data from S&P Global Market Intelligence. NetEase issued new common stock and also had its public debut on the SEHK on June 11, and its valuation climbed roughly 8.4% last month. Youdao posted much bigger gains than NetEase, but its stock movement trends tracked closely in line with those of its parent company.

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  Why Datadog Stock Surged 22% in June

  Motley Fool
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  Why UPS Stock Soared in June

  Motley Fool

Do Hedge Funds Love Gol Linhas Aereas Inteligentes SA (GOL)?

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]

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  Do Hedge Funds Like Liberty Latin America Ltd. (LILA) At All?

  Insider Monkey
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  Hedge Funds Aren’t Crazy About Foundation Building Materials, Inc. (FBM) Anymore

  Insider Monkey

Alibaba Isn’t Just a Play on Social and Political Stability

When the novel coronavirus first rippled across China, I had extremely pessimistic thoughts about Alibaba (NYSE:BABA). Given our globalized societies, it was only a matter of time before the outbreak would spread across the world. Of course, this would place a very negative light on China, which would then impact its flagship Alibaba stock.Source: Nopparat Khokthong / Shutterstock.com Sure enough, China did come under pressure. Not surprisingly, President Trump has been the most vocal against the world's second-biggest economy, criticizing it at every opportunity. At his campaign rally in Tulsa, Oklahoma, Trump mockingly called the virus "kung flu," drawing intense uproar from minority rights advocates. As well, the President has consistently referred to the coronavirus as the "Chinese virus."To be fair, he's not the only one with harsh words. For instance, Japan's deputy prime minister and finance minister, Taro Aso, stated that some people have begun to refer to the World Health Organization as the Chinese Health Organization. With the international community doubling down on their anti-China sentiments, the situation didn't look great for Alibaba stock.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, as time went on, China's relative strength began to show. Now, what once was a disaster waiting to happen looks like the best block in the worst neighborhood.Primarily, China has none of the political or social challenges that currently plague the U.S. For example, we all know who will be in power in China. With the U.S., I believe it's a toss up given the vulnerabilities of both Trump and challenger Joe Biden.Further, according to the CIA World Factbook, China consists of 91.6% Han Chinese. When you have that kind of ethnic homogeneity, it's difficult to spark anti-bigotry demonstrations. Alibaba Stock Looks Better Economically as WellOf course, we already know that China's continuity of governance and relative social stability comes at a price. Alarmingly, it appears that whenever this Asian power encounters social strife, they take the most draconian path possible. Case in point is its concentration camps, which hold more than a million Uighurs, Kazakhs and other predominantly Muslim minorities, according to the Washington Post. * 7 Utilities Stocks to Buy With Reassuring Dividends Still, from a very cynical standpoint, you can invest in Alibaba stock knowing that China operates predictably. In contrast, you just don't know what's going to happen in the U.S. these days.But Alibaba stock doesn't just benefit from the obvious - and in some cases, nauseating - tailwinds. Rather, the e-commerce and technology giant also stands to gain from China's superior economic platform.I realize that this is a controversial statement but here's the reality - the U.S. is in a desperate crisis. While the unemployment rate is "only" 13.3%, weekly initial claims for joblessness benefits continues to number in the millions. Likely, this reflects economic pain spreading to multiple other job sectors besides restaurant and hospitality workers.For now, millions of Americans are loving life because their white-collar jobs translate well to remote platforms. Thus, many will saunter down in their pajamas rocking a piping hot cup of coffee. Maybe they'll do some work or pretend to. Either way, they're collecting a paycheck and they don't have to drive anywhere to get it.But I would be shocked if that reality lasts. You see, once companies get used to the idea of remote work, they'll soon realize they don't need to pay the inflated salaries of lazy, underperforming, and entitled Americans.As Financial Post contributor Howard Levitt notes, western companies can receive equivalent work for pennies on the dollar. China's Middle Class to Rise at Our ExpenseIn prior articles about the Chinese middle class, I've expressed my skepticism regarding what I thought were fantastical growth projections. Primarily, on a per-capita basis, China is still very much a developed country. And because it's about four times the population size of the U.S., growing a meaningfully robust middle class will take time.But the path to those extreme projections is much more credible now, thanks strangely to the coronavirus. Because let's face it - unless the federal government does something about it, American companies are more than willing to sell out American people for cheap foreign labor. And the Chinese are eager participants.I appreciate the calls for social justice. But if you want a message we can all unify under, it's American labor matters. Eventually, we will all be equal under the jackboot of Chinese communism or the substandard wages of the wrong end of globalism if we're not careful.In the meantime, you may want to hedge against this potentially frightening change by buying Alibaba stock. In short, China has almost none of the problems that we have in the new normal. And when remote work becomes very remote, it's the Chinese that will benefit, not us.We're currently too busy destroying each other to see the real challenge ahead.A former senior business analyst for Sony Electronics, Josh Enomoto has helped broker major contracts with Fortune Global 500 companies. Over the past several years, he has delivered unique, critical insights for the investment markets, as well as various other industries including legal, construction management, and healthcare. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Alibaba Isna€™t Just a Play on Social and Political Stability appeared first on InvestorPlace.

LEGAL INVESTIGATION ALERT: Halper Sadeh LLP Announces It is Investigating Whether the Following Mergers are Fair to Shareholders; Investors are Encouraged to Contact the Firm

Halper Sadeh LLP, a global investor rights law firm, announces it is investigating whether the following mergers are fair to shareholders. Halper Sadeh LLP may seek increased consideration, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders:

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  SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Shareholders of an Investigation Concerning Possible Breaches of Fiduciary Duty by Certain Officers and Directors of Reata Pharmaceuticals, Inc.- RETA

  Newsfile
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  Shareholder Alert: Robbins LLP Reminds Investors It Is Investigating Fifth Third Bancorp (FITB) for Misleading Shareholders

  Business Wire

New Oriental to Report Fourth Quarter 2020 Financial Results on July 28, 2020

New Oriental Education and Technology Group Inc. (the "Company" or "New Oriental") (NYSE: EDU), the largest provider of private educational services in China, today announced that it will report its financial results for the fourth quarter ended May 31, 2020, before the U.S. market opens on July 28, 2020. New Oriental's management will host an earnings conference call at 8 AM on July 28, 2020, U.S. Eastern Time (8 PM on July 28, 2020, Beijing/Hong Kong Time). Participants can join the conference using the below options:

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  Hudson Pacific Properties Announces Dates for Second Quarter Earnings Release and Conference Call

  Business Wire
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  Simulations Plus Sets Date for 3rd Quarter 2020 Earnings Release and Conference Call

  Business Wire

In cloud clash with Alibaba, underdog Tencent adopts more aggressive tactics

For Chinese cloud services companies, the coronavirus outbreak has become a rainmaker, bringing in new business far and wide as firms shift work online and authorities develop apps and systems to help contain outbreaks and manage social restrictions. For Tencent Holdings Ltd in particular, it has also become the perfect time to flex new muscles as it seeks to catch up with Alibaba Group Holding Ltd, its arch-rival and the dominant player in the country's cloud market by far. Tencent began to display a new level of aggressiveness after positioning its cloud business as a major area of growth in September 2018, and that has only amped up amid the pandemic, employees say.

Televisa Closes The Sale Of Its Stake In Sistema Radiópolis

Grupo Televisa, S.A.B. ("Televisa" or the "Company"; NYSE:TV; BMV:TLEVISA CPO) announced today that it has concluded the sale of its 50% equity participation in Sistema Radiópolis, S.A. de C.V. ("Radiopolis"), which operates 17 radio stations in Mexico.

Were Hedge Funds Right About Souring On Alibaba Group Holding Limited (BABA)?

We are almost done with the second quarter. Investors decided to bet on the economic recovery and a stock market rebound. S&P 500 Index returned almost 20% this quarter. In this article we look at how hedge funds traded Alibaba Group Holding Limited (NYSE:BABA) heading into this quarter and whether they were right about the […]

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  Do Hedge Funds Really Like Great Southern Bancorp, Inc. (GSBC)?

  Insider Monkey
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  Is Crawford & Company (CRD) Going to Burn These Hedge Funds?

  Insider Monkey

Were Hedge Funds Right About Piling Into JD.Com Inc (JD)?

We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. We are almost done with the second quarter. Investors decided […]

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  Hedge Funds Are Selling Helix Energy Solutions Group Inc. (HLX)

  Insider Monkey
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  Hedge Funds Are Souring On Triple-S Management Corp.(GTS)

  Insider Monkey

Nifty FAANG and Other 'One Decision' Investment Strategies

Looking at the stock market today, the first thought that comes to mind is that it is divorced from economic reality Continue reading...

China tech giant Alibaba dismisses livestreaming head, citing nepotism, gifts - document

Chinese e-commerce giant Alibaba Group Holding Ltd has fired Zhao Yan, the head of its fast-growing livestreaming division, on grounds of nepotism and accepting gifts, according to an internal memo announcing his termination, seen by Reuters. The undated document, produced by Alibaba's human resources department and published on June 29 on the company's internal intranet for staff, says Zhao was fired after he used his position to help third-party livestreamers score favourable positioning on Taobao Live, Alibaba's main platform for live-streamed e-commerce.

More people see ‘value’ and ‘quality’ in a brand’s politics — not products — as Facebook and other companies are finding out fast

Consumer brands across all categories are now in the spotlight as to where they stand on social issues. Then, just as businesses were starting to get back to their regularly scheduled marketing, the wave of long-overdue protests and conversations began in support of Black Lives Matter. Consumers expect transparency, accountability, and action.

Is Vipshop Holdings Limited's (NYSE:VIPS) Stock's Recent Performance Being Led By Its Attractive Financial Prospects?

Vipshop Holdings (NYSE:VIPS) has had a great run on the share market with its stock up by a significant 31% over the...

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  A Closer Look At Spark New Zealand Limited's (NZSE:SPK) Impressive ROE

  Simply Wall St.
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  Evolution Mining Limited's (ASX:EVN) Stock's On An Uptrend: Are Strong Financials Guiding The Market?

  Simply Wall St.

Beyond Meat Stock Needs ‘Second-Mover’ Advantage to Be a Real Winner

Beyond Meat (NASDAQ:BYND) is a special case. Although BYND stock is a food stock, it trades like a tech stock.Source: Sundry Photography / Shutterstock.com I wrote in June it was priced well beyond fundamentals. It still is. This is despite two sharp plunges that have it trading 17% below its June 11 price.Beyond Meat opened for trade July 2 at about $145 per share. That's a market cap of $8.8 billion for a company with 2019 revenues of $297 million and no profits. The valuation is beyond belief … it's beyond beyond. Even if it's made with plants, it's just hamburger! (OK, sometimes it's sausage.)InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet analysts like TV's Jim Cramer keep pounding the table for BYND stock. He insists a deal with Alibaba (NYSE:BABA) to sell its products in China is a game changer.But at 30 times revenue? Beyond HappyBeyond's success and prospects have everyone pushing the happy button. The company's products are already available at Starbucks (NASDAQ:SBUX) and YUM! Brands' (NYSE:YUM) KFC chain. * 7 Utilities Stocks to Buy With Reassuring Dividends CEO Ethan Brown says the novel coronavirus pandemic is a unique opportunity for the company to scale and get its costs below those of farm-raised beef.Price has become the objection to products like Beyond's burgers. Brown knows that and is addressing it. The Alibaba link means Beyond will soon open a plant in China. Its new value pack is priced at $1.60 per burger. That's within 20% of the real thing. It's what Brown calls a "ruthless business strategy."Getting into China is also a big deal. So is the grocery store packaging, which takes Beyond past its roots in restaurants and food service. Target (NYSE:TGT) and Walmart (NYSE:WMT) are both selling the value pack for this weekend's cookouts. Trouble Ahead?But not all is wonderful in Beyond's universe.McDonald's (NYSE:MCD), for instance, would be a huge "get" for the plant-based protein company. It had been testing Beyond's patties in Canada, calling the result a "P.L.T," for plant, lettuce and tomato. But that test ended in April with no fanfare, no announcement and no plans to bring it back. It was like the big audition where the director just said, "Thank you, next" and you have no idea what went wrong.This, along with the stock's price, caused some to push the panic button. Barclay's dropped its rating from buy to sell, noting its continued reliance on restaurants for sales.It's not that McDonald's is divorcing itself from Beyond Meat. The company sells plant protein in many markets, like Finland, India and South Africa. But a full rollout in North America, where it has almost 14,000 outlets, would require an enormous commitment. It may just not be ready for that. Or it may be looking at other suppliers. There are dozens to choose from including Tyson Foods (NYSE:TSN), Kellogg (NYSE:K), Hormel Foods (NYSE:HRL), Nestle (OTCMKTS:NSRGY) and Kroger (NYSE:KR). The Bottom Line on BYND StockSince coming public in April 2019, BYND stock has traded for as much as $235 per share and for as little as $55, during the worst of the lockdown.If I had been smart enough to buy at the IPO, or at that March low, I would be taking profits right now.It's not that I doubt the future of meatless meat. I just think it will be a competitive market. Beyond must do more than get its costs below that of beef and pork. Its brand must beat other, larger companies trying to do the same thing. Brown's strategy isn't ruthless, it's essential to success.While Beyond Meat has first mover advantage, as MySpace once did, it has yet to prove what I call "second-mover" advantage, like Facebook (NASDAQ:FB). The pioneer proves the market, the winner exploits it. Do that, and you'll be a giant, my son.Dana Blankenhorn has been a financial journalist since 1978. His latest book is Technology's Big Bang: Yesterday, Today and Tomorrow with Moore's Law, essays on technology available at the Amazon Kindle store. Follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in FB and BABA. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Beyond Meat Stock Needs 'Second-Mover' Advantage to Be a Real Winner appeared first on InvestorPlace.

7 International Stocks to Buy as the World Economy Restarts

China's disciplined approach in isolating and treating those infected with the novel coronavirus allowed the country to re-open sooner. The rest of the world is following China's lead. As the world economy restarts, international stocks will fare the best. Its geographic diversity will work in its favor as strong growth in re-opened countries offsets a temporary shutdown in other places.Savvy investors may build a geographically diversified portfolio, but that is not easy. There are currency exchange rate risks to consider. So, buying worldwide conglomerates may pay off in the long-run. Plus, investors get the benefit of spreading out risks.There are seven international stocks to buy as the world economy restarts:InvestorPlace - Stock Market News, Stock Advice & Trading Tips* The Unilever Group (NYSE:UL)* The Procter & Gamble Company (NYSE:PG)* Alibaba (NYSE:BABA)* Coca-Cola Company (NYSE:KO)* Toyota Motor (NYSE:TM)* Kimberly-Clark (NYSE:KMB)* AstraZeneca (NYSE:AZN) * 7 Utilities Stocks to Buy With Reassuring Dividends Together, these international stocks give investors exposure to a wide variety of sectors. Consumer goods, e-commerce, automotive, and drug manufacturing all have their growth potential. Plus, a re-start will accelerate the near-term growth of companies in their respective markets. Unilever Group (UL)Source: Wright Studio/Shutterstock.com First up on this list of international stocks is Unilever. The Unilever Group is in the news after joining other firms in boycotting ad spending on Facebook (NASDAQ:FB) for the rest of the year. This is an unfortunate decision and does signal some risks in holding UL stock. The company reported flat sales growth in the first quarter due to the stay-at-home order. But stockpiling last quarter and the re-opening should lift results.In Q1, Unilever signaled its confidence in its cash flow growth by keeping its dividend levels. As consumers return to stores, Unilever's sales should recover. Still, the company must adjust to the ever-lasting impact of people staying at home. So, instead of relying on ice cream and food that restaurants and cafes buy, the company needs to pivot.Unilever stock has a strong overall rating. As a bonus, the stock offers a good dividend for income investors.Source: Data courtesy of Stock Rover Increasing its focus on laundry detergents, hand sanitizers, and soap products should give profit margins a lift. In the near-term, expect a better entry point approaching. Analysts have a $48.42 price target (according to Tipranks). And if more restaurants are open, Unilever's sales should bounce back in the next quarter. The Procter & Gamble Company (PG)Source: Jonathan Weiss / Shutterstock.com Procter & Gamble's priority of ensuring the health and safety of everyone around the world already makes the company a recession-proof holding. Looking ahead, family demands for maintaining health, hygiene, and cleaning will only grow. The devastating virulence of the coronavirus will only increase such needs.In the first quarter, P&G increased its dividend by 6% to about 79 cents a share. And as consumers choose their brands first, sales will increase as people slowly return to their normal lives. From fiscal 2012 to Fiscal 2016, P&G created $10 billion worth of growth and value. It will repeat that feat from the fiscal year 2017 to 2021.By disrupting the market, the company comes out ahead in a variety of sectors. This includes beauty, grooming, family care, and health care.According to Stock Rover, PG stock is worth $160.53. It scores well on quality.PG Industry S&P 500 Quality Score 87 61 79 Gross Margin 49.90% 38.50% 29.10% Operating Margin 21.90% 18.60% 13.20% Net Margin 7.10% 10.10% 8.70% Data courtesy of Stock Rover * 9 Florida Stocks to Avoid as Coronavirus Rates Spike Expect P&G to expand its operating margin as the economic rebound unfolds. Its net margin could exceed that of the industry next. Alibaba (BABA)Source: Colin Hui / Shutterstock.com Alibaba still trades at a discount. The strong growth in e-commerce every quarter suggests that markets continue to underestimate their potential. With China leading the economy's reopening, Alibaba's digital economy business will expand. In the fourth quarter, Alibaba's digital economy gross merchant volume exceeded $1 trillion (slide 3). It now has 960 million global annual active customers (AAC).Investors may forecast Alibaba's revenue growing by at least 17% or higher in the next five years annually. With the following input, Alibaba stock has a fair value of $265.42.Source: Data courtesy of finbox At 780 million China and 180 million international AAC, Alibaba is in a strong position to grow its market share. Plus, consumers will spend more time buying things online. Furthermore, the e-commerce giant has a chance to increase its food and grocery business as customers grow accustomed to buying these goods online.In the cloud computing space, Alibaba Cloud continues to benefit from the increasing demand for video content consumption. Remote working and learning also lifted demand.At a price-to-earnings (P/E) below 30 times, BABA stock has an excellent growth profile against its deep value. Coca-Cola Company (KO)Source: Fotazdymak / Shutterstock.com Just as Unilever cut its ad spending, Coca-Cola said it would do the same. The pop drink supplier is pausing all social media ad spending for July. Again, this suggests that the company's revenue growth is slowing and that its ads are not effective in reversing that decline.KO stock lost nearly one-third of its value in the last five years:Chart courtesy of Stock RoverAccording to Tipranks, analysts have a $51.40 price target. At an 8% discount rate, a 5-year discounted cash flow model would arrive at a similar fair value.Source: Data courtesy of finbox The economy's restart should put KO stock in firmer territory as it cuts unnecessary spending. And as sales recover, profits will expand at a better pace than ever. Collectively, beverage companies "spent over a billion dollars to advertise sugary drinks and energy drinks in 2018." So, strong brand recognition should lead to continued double-digit sales of Coca-Cola products despite the ad spending freeze. * 10 Value Stocks to Keep on Your Short List At a price-to-earnings below 20 times, Coca-Cola shares are too cheap to ignore, especially as international markets reopen. Toyota Motor (TM)Source: josefkubes / Shutterstock.com Automotive companies faced slumping sales at the height of the pandemic-driven lockdown. The easing should lead to a rebound in sales. International stocks like Toyota Motor not only trade at favorable valuations of around 10 times earnings, but have a good performance record.Toyota makes reliable cars that require minimal maintenance. Those who have to go to work and want to avoid public transportation will want to buy a Toyota.Still, Toyota's sales rebound will not happen until after July at the earliest. The company forecasts a 10% drop in production volume in July. This is a solid improvement from the 40% decrease in June. As global demand recovers, domestic production will bounce back. Toyota forecasts sales will recover to last year's levels by the end of 2020. Kimberly-Clark (KMB)Source: Trong Nguyen / Shutterstock.com In a long-term trading range of $130 - $145, Kimberly-Clark stock is ready to break out to the upside. In the first quarter, the company posted non-GAAP earnings of $2.13 a share. Revenue grew 8.2% from last year.KMB stock held up well because of the crazed demand for toilet paper in the last quarter. Looking ahead, the company has a few priorities that will sustain its growth. In addition to protecting the health and safety of its employees and customers, it will manage its global supply chain and manage the business for volatility.For instance, CEO Mike Hsu said: "Like other companies, we haven't significantly pared back our SKU count, and that we've done that in partnership with our customers, who have been very supportive along that journey. And that has increased our theoretical capacity because we have fewer changeovers and less complexity in the plants." * 5 Penny Stocks Under $10 to Buy in June By running efficiently, KMB shares could bounce higher as demand patterns recover in places like Asia, Korea, Australia, and New Zealand. AstraZeneca (AZN)Source: Shutterstock Last on this list of international stocks is AstraZeneca. AstraZeneca is not only an international stock idea but it is also a coronavirus vaccine play. The company signed a $127 million deal to produce an experimental vaccine for the Brazilian government. The country will receive material to produce 30.4 million doses later this year. The deal will bring 100 million vaccines. This accounts for nearly half of Brazil's residents. AstraZeneca will transfer the technology if the vaccine works.Brazil is one of the hardest-hit countries of the virus and has more than a million confirmed cases.The company's AZD1222 vaccine is a co-development with the University of Oxford. Italy's pharma giant, Catalent, will manufacture the drug starting in August 2020.AstraZeneca shared its data on three cancer studies. Tagrisso, which treats adjuvant lung cancer, is in Phase III. Imfinzi is in Phase III and treats extensive-stage small cell lung cancer. And Enhertu is in Phase II trials in gastric, lung, and colorectal cancers.On Stock Rover, AZN stock has an 87/100 score on quality. Its gross margin is 49.9% and may potentially rise as the economy re-opens.As of this writing, the author did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 7 International Stocks to Buy as the World Economy Restarts appeared first on InvestorPlace.

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  7 American Manufacturing Stocks to Buy Before Recovery

  InvestorPlace
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  Should Value Investors Buy Illinois Tool Works (ITW) Stock?

  Insider Monkey

Top Ranked Momentum Stocks to Buy for July 2nd

Top Ranked Momentum Stocks to Buy for July 2nd

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  WIT vs. TYL: Which Stock Is the Better Value Option?

  Zacks
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  Earnings Estimates Rising for Synnex (SNX): Will It Gain?

  Zacks

Coronavirus update: U.S. case tally climbs above 2.6 million, and top Republicans now call on Americans to wear face masks

The number of confirmed cases of the coronavirus illness COVID-19 in the U.S. climbed above 2.6 million on Wednesday, a day after Dr. Anthony Fauci said it could spike to more than 100,000 a day if the fresh clusters emerging in the South and West are not brought under control.

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  Bolsonaro, others shun masks at July 4 celebration in Brazil

  Associated Press
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  Mayor Frank Jackson signs order mandating masks throughout Cleveland when in public

  WEWS NewsChannel5

Two in Five Fortune 500 Companies Choose Alibaba Cloud

Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, said today it has supported 38 percent of the Fortune 500 companies over the past fiscal year.

• Alibaba Cloud and Unilever to Usher in Next-Generation Digital Marketing Initiatives

  Business Wire
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  Alibaba Cloud Partners with Aryaka to Deliver a Global and Fully Managed SD-WAN Solution

  Business Wire

58.COM INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of 58.com Inc. - WUBA

Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of 58.com Inc. (NYSE: WUBA) to Quantum Bloom Group Ltd. Under the terms of the proposed transaction, shareholders of 58.com will receive only $28.00 in cash for each class A or B share and $56.00 in cash for each American depositary share ("ADS") of 58.com that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

Coca-Cola Shuts Down Its Odwalla Juice Brand, Eliminates Refrigerated Trucking

After spending several years evaluating its Odwalla brand of juice in an effort to find a way to make it profitable, Coca-Cola (NYSE: KO) announced that it is closing down the brand permanently. The move will end slightly less than 19 years of Coca-Cola ownership of the brand, which it acquired in October 2001 for $181 million. At the time, John Sicher, editor of Beverage Digest, called the acquisition "a very smart deal for Coke," while Odwalla CEO Stephen Williamson remarked that "the entrepreneurial spirit of Odwalla will be nurtured by the opportunity for growth that this new relationship presents."

Why Tupperware Jumped 17.5% Today

Shares of Tupperware (NYSE: TUP) surged 17.5% on Wednesday, and though there was no directly related news to cause the stock to spike, the consumer food storage specialist provided analysts with a presentation yesterday that may have helped push shares higher. Tupperware met with analysts at the Sidoti Inaugural Virtual Microcap Conference to discuss the investment thesis for the company going forward. Tupperware has a turnaround plan that's well under way, being implemented by a new management team.