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BABA

Alibaba

$185.13

-0.3 (-0.16%)

18:01
11/19/17
11/19
18:01
11/19/17
18:01

Alibaba, Auchan Retail, Ruentex form new retail strategic alliance

Alibaba, Auchan Retail and Ruentex have announced a strategic alliance that brings together their online and offline expertise to explore new retail opportunities in China's food retail sector. As part of this strategic alliance, Alibaba will invest a total of $2.88B to obtain an aggregate direct and indirect stake of 36.16% in Sun Art Retail Group by acquiring shares from Ruentex. Auchan Retail is also increasing its stake in Sun Art. The transaction will give Auchan Retail, Alibaba Group and Ruentex approximately a 36.18%, 36.16%, and 4.67% economic interest in Sun Art, respectively. Auchan Retail will continue to consolidate Sun Art in its financials following the transaction. Sun Art is a multi-format offline food retailer in China. As of June 30, 2017, Sun Art operated with a total gross floor area of approximately 12M square meters in China. Sun Art currently operates 446 hypermarkets as large as 17,000 square meters in 29 provinces, autonomous regions and municipalities across China under the "RT-Mart" and "Auchan" banners. It also operates superstores and innovative unmanned stores under the "Auchan Minute" brand. Combining the resources of the three companies, the new alliance will enable Sun Art's activities to benefit from Alibaba's digital ecosystem. It will digitize and introduce new retail solutions at Sun Art stores, including online and offline integration together with modern fulfillment and personalized customer experience.

BABA Alibaba
$185.13

-0.3 (-0.16%)

11/13/17
WELS
11/13/17
NO CHANGE
WELS
Outperform
Alibaba Single's Day GMV surpasses Black Friday/Cyber Monday, says Wells Fargo
Wells Fargo analyst Ken Sena notes that Alibaba announced Gross Merchandise Value of 168B/$25B during this year's "Singles Day" shopping festival, or 39% year over year, an acceleration when compared to 32% year over year last year and 19% above his estimate of $21B. While the company no longer discloses quarterly GMV, the $25B number accounts for roughly 11% of the analyst's current estimate of Alibaba's Q3 2018 GMV of $222B and is 27% above the $19.7B sales expected in the U.S. this year between Thanksgiving and Cyber Monday. Sena reiterates an Outperform rating on the shares.
11/13/17
BARD
11/13/17
NO CHANGE
Target $210
BARD
Outperform
Singles Day topped expectations for Alibaba, says Baird
Baird analyst Colin Sebastian noted Alibaba's Singles Day performance topped expectations, which he believes bodes well for its Q3 results and spotlights its data advantage to drive omni-channel growth. Sebastian reiterated his Outperform rating and $210 price target on Alibaba shares.
11/07/17
OPCO
11/07/17
NO CHANGE
Target $99
OPCO
Outperform
Altaba price target raised to $99 from $75 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Altaba (AABA) to $99 from $75 following a more bullish outlook for the shares and due to Alibaba's (BABA) price target increase to $220 from $200. The analyst reiterates an Outperform rating on Altaba's shares.
11/06/17
OPCO
11/06/17
NO CHANGE
Target $220
OPCO
Outperform
Alibaba price target raised to $220 from $200 at Oppenheimer
Oppenheimer analyst Jason Helfstein raised his price target for Alibaba to $220 from $200, while reiterating an Outperform rating on the shares, after another "strong quarter." The analyst believes Alibaba is uniquely positioned to benefit from the rise of Chinese middle-class consumption.

TODAY'S FREE FLY STORIES

SRE

Sempra Energy

$115.78

0.54 (0.47%)

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ORCL

Oracle

$50.19

0.14 (0.28%)

17:40
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Breaking Hot Stocks news story on Oracle »

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ORCL

Oracle

$50.19

0.14 (0.28%)

, AMZN

Amazon.com

$1,174.26

10.13 (0.87%)

17:34
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12/14
17:34
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17:34
Hot Stocks
Breaking Hot Stocks news story on Oracle, Amazon.com »

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ORCL

Oracle

$50.19

0.14 (0.28%)

AMZN

Amazon.com

$1,174.26

10.13 (0.87%)

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EPD

Enterprise Products

$26.07

0.17 (0.66%)

17:33
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Enterprise Products to implement further oil quality specifications at Cushing »

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ADBE

Adobe

$175.00

-1.83 (-1.03%)

17:31
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17:31
Hot Stocks
Adobe 'pleased' with subscription bookings and advertising cloud »

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  • 14

    Dec

JBL

Jabil Circuit

$27.45

-1.08 (-3.79%)

, COST

Costco

$186.53

-1.75 (-0.93%)

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On The Fly: After Hours Movers »

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JBL

Jabil Circuit

$27.45

-1.08 (-3.79%)

COST

Costco

$186.53

-1.75 (-0.93%)

CNC

Centene

$99.02

-2.17 (-2.14%)

DCIX

Diana Containerships

$4.87

-0.37 (-7.06%)

MS

Morgan Stanley

$52.64

-0.54 (-1.02%)

DDR

DDR Corp.

$7.96

-0.11 (-1.36%)

RMBL

RumbleON

$5.30

-0.06 (-1.12%)

SAH

Sonic Automotive

$20.05

-0.95 (-4.52%)

HES

Hess Corp.

$42.67

-1.43 (-3.24%)

FORM

FormFactor

$14.90

-0.05 (-0.33%)

ORCL

Oracle

$50.19

0.14 (0.28%)

VSTM

Verastem

$3.65

-0.15 (-3.95%)

GBT

Global Blood Therapeutics

$39.40

1.05 (2.74%)

03/08/13
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  • 09

    Jan

AEP

American Electric

$76.29

-0.22 (-0.29%)

17:28
12/14/17
12/14
17:28
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17:28
Syndicate
Breaking Syndicate news story on American Electric »

American Electric files…

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SAGE

Sage Therapeutics

$158.03

-6.62 (-4.02%)

17:25
12/14/17
12/14
17:25
12/14/17
17:25
Conference/Events
Sage Therapeutics management to meet with RBC Capital »

Dinner Meeting will be…

03/08/13
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  • 14

    Dec

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    Dec

ORCL

Oracle

$50.20

0.14 (0.28%)

17:24
12/14/17
12/14
17:24
12/14/17
17:24
Hot Stocks
Breaking Hot Stocks news story on Oracle »

Oracle CEO Hurd says…

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  • 14

    Dec

ADBE

Adobe

$175.00

-1.83 (-1.03%)

17:23
12/14/17
12/14
17:23
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17:23
Hot Stocks
Adobe targeting subscription bookings growth of 20% in FY18 »

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  • 14

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ADBE

Adobe

$175.00

-1.83 (-1.03%)

17:20
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12/14
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17:20
Hot Stocks
Adobe says advertising cloud had a 'strong' year »

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  • 14

    Dec

ORCL

Oracle

$50.19

0.14 (0.28%)

17:20
12/14/17
12/14
17:20
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17:20
Hot Stocks
Breaking Hot Stocks news story on Oracle »

Oracle says currency…

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  • 14

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ORCL

Oracle

$50.19

0.14 (0.28%)

17:19
12/14/17
12/14
17:19
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17:19
Earnings
Oracle sees Q3 adjusted EPS 68c-70c, consensus 72c »

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  • 14

    Dec

UBA

Urstadt Biddle

$22.71

-0.48 (-2.07%)

, UBP

Urstadt Biddle Properties Inc.

$18.00

-0.01 (-0.06%)

17:17
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Hot Stocks
Urstadt Biddle raises quarterly dividend by 0.5c to 27c »

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UBA

Urstadt Biddle

$22.71

-0.48 (-2.07%)

UBP

Urstadt Biddle Properties Inc.

$18.00

-0.01 (-0.06%)

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ORCL

Oracle

$50.19

0.14 (0.28%)

17:14
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Hot Stocks
Oracle says customer adoption of cloud products 'remains very strong' »

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  • 14

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NQ

NQ Mobile

$4.13

0.02 (0.49%)

17:14
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NQ Mobile announces partnership with Chery Automotive »

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  • 17

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CVX

Chevron

$119.53

-0.4 (-0.33%)

, SLB

Schlumberger

$62.37

-0.93 (-1.47%)

17:12
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12/14
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17:12
Periodicals
Chevron near pact with Schlumberger to drill six Brazil wells, Reuters says »

Chevron (CVX) has reached…

CVX

Chevron

$119.53

-0.4 (-0.33%)

SLB

Schlumberger

$62.37

-0.93 (-1.47%)

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  • 19

    Jan

VSTM

Verastem

$3.65

-0.15 (-3.95%)

17:07
12/14/17
12/14
17:07
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17:07
Syndicate
Verastem files to sell $25M of common stock »

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DNR

Denbury Resources

$1.62

0.02 (1.25%)

17:06
12/14/17
12/14
17:06
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17:06
Syndicate
Breaking Syndicate news story on Denbury Resources »

Denbury Resources files…

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NCBS

Nicolet Bankshares

$56.52

-1.12 (-1.94%)

17:05
12/14/17
12/14
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Initiation
Nicolet Bankshares initiated  »

Nicolet Bankshares…

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GALE

Galena

$0.32

0.0399 (14.24%)

17:05
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Hot Stocks
Galena to adjourn special meeting until Friday, December 29 »

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FDS

FactSet

$202.46

0.44 (0.22%)

17:04
12/14/17
12/14
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Initiation
FactSet initiated  »

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  • 19

    Dec

UTX

United Technologies

$123.76

-0.54 (-0.43%)

17:04
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Hot Stocks
United Technologies awarded $6.7B U.S. Air Force contract »

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JNPR

Juniper

$28.80

-0.31 (-1.06%)

17:03
12/14/17
12/14
17:03
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17:03
Initiation
Juniper initiated  »

Juniper resumed with a…

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CSCO

Cisco

$37.90

-0.25 (-0.66%)

17:03
12/14/17
12/14
17:03
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17:03
Initiation
Cisco initiated  »

Cisco resumed with a Hold…

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  • 17

    Jan

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