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President Trump’s announcement that he has tested positive for the corona virus has grabbed headlines, but the dog that didn’t bark presents a more interesting point. Wall Street isn’t so worried about corona virus anymore; the perception is, that the virus will fade away or a vaccine will be developed, but in either case, the economy will improve.According to an RBC survey of portfolio managers, however, the coming November election presents a clear risk to the markets. A large majority of investors surveyed, 76%, worry that the election will be contested, resulting in weeks – possibly months – on uncertainty. And uncertainty is bad for the markets.Recent events, and some not-to-distant history, bear them out. For the history, we must only look back to 2000, when it took until December 12, and an appeal to the Supreme Court, to decide the results of the Florida recount. The S&P 500 slipped 5%...
There's no doubt that money can be made by owning shares of unprofitable businesses. For example, Aduro Biotech......
How far off is Evergy, Inc. (NYSE:EVRG) from its intrinsic value? Using the most recent financial data, we'll take a......
Tesla Inc, an American electric vehicle and clean energy company based in California, said on Friday that it produced just over 145,000 vehicles and delivered a record 139,300 vehicles in the third quarter, shrugging off the good news shares fell over 5% in pre-market trading....
Ryanair is prioritising getting a current order of up to 210 of Boeing's troubled 737 MAX aircraft in the sky next year, the chief executive of its main airlines business said on Friday in response to a report that it was looking to buy more planes. The Irish Independent newspaper reported that Ryanair, one of the largest customers for the jet that was grounded worldwide in early 2019, is eyeing an order for between 150 and 200 MAX aircraft, potentially by the end of the year....
Alibaba (NYSE:BABA) Chief Financial Officer Maggie Wu said on Sept. 30 that the company’s cloud business would become profitable in its current fiscal year that ends on March 31, 2021. For those who own BABA stock, that’s excellent news. Source: testing / Shutterstock.com InvestorPlace - Stock Market News, Stock Advice & Trading Tips
For investors who don’t own Alibaba stock, the news ought to make them consider getting on board, even though the shares are already up 37% this year.
Here’s why.
It’s Early in the Cloud Game
In March 2017, I was already focusing on Alibaba’s cloud business as an important part of the e-commerce company’s growth plans. I couldn’t help but notice how much profit Amazon’s (NASDAQ:AMZN) cloud business was generating at the time.
“Amazon entered the cloud computing business in 2006. Amazon Web Services (AWS) now generates more than $3.1 billion in operating income (fiscal 2016) from $12.2 billion in revenue, a juicy...
