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Empire Asset Investments Closely Looks At Alibaba Stock Advancing Ahead of Q1 Results

08-17-2016 09:35 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Empire Asset Investments

Empire Asset Investments Looks At Alibaba Stock Advancing Ahead Of Q1 Results Closely

Empire Asset Investments Looks At Alibaba Stock Advancing Ahead Of Q1 Results Closely

Last week shares of Alibaba (BABA) were higher in early-afternoon trading on Tuesday, ahead of the company's 2017 first-quarter results, due out before Thursday's market open.

The company is expected to report earnings of 63 cents on revenues of $4.51 billion. Last year, Alibaba posted earnings of 59 cents on revenues of $3.27 billion for the same quarter.

While Alibaba is China's largest e-commerce company, it could still be hurt by China's slowing economic growth rate, Zacks reports.

Recently, Alibaba has been working to expand its international market, but its biggest competitor JD.com (JD) has been chipping away at Alibaba's progress, Zacks said. JD.com will report earnings before Wednesday's opening bell.

The company is also expanding its international presence with the release of an SUV in partnership with SAIC Motor and by investing in e-sports through its partnership with the International e-Sports Federation.

Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings team rates Alibaba as a Hold with a ratings score of C. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

Even though Alibaba could possibly be hurt by China’s slowing economic growth rate, the expansion of its international presence by investing in e-Sports through the partnership with the International e-Sports Federation should keep the damage to a minimum stated Lee Goodman investment analyst for Empire Asset Investments.

Empire Asset Investments is one of the world's leading investment organizations. Our primary focus is targeting promising business opportunities at their start-up or initial growth stages.

Our time-proven and tested strategies have been developed through our experienced leadership network and unsurpassed sector knowledge.

New York-based Empire Asset Investments provides sophisticated forex, bullion and commodities trading solutions to institutional and private investors.

Suite 11023, 110 Wall Street, 5th Tower, New York, NY, 10005, USA

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