china exposure: But the big surprise, according to Jefferies analyst Thomas Chong, were the greater efficiencies in Alibaba's BABA, 4.57% investment spending, according to Market Watch. We estimate improving loss margin on year-over-year basis from key investment areas under core e-commerce in subsequent quarters, he wrote in a note to clients. The company on Thursday reported better-than-expected earnings and revenue numbers, which analysts saw as an example of the company's resilience in the face of macroeconomic challenges that have pressured stocks with heavy China exposure. Chong rates the stock a buy and upped his price target to 225 from 216. JD, 3.75% rose about 2%. JD delivered its own upbeat earnings report earlier in the week. Opinion Beaten-down Nvidia is diligently preparing to pounce on its rivals Shares rose 3% in Thursday trading, while shares of fellow Chinese e-commerce player JD Inc.
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Tagged under china exposure, earnings report topics.