The Climb Continues…

International stocks have been on a run, particularly in China. Well, that run continued today despite mixed results from e-commerce giant Alibaba. 🛒

First up, Alibaba reported adjusted earnings per share of $1.82 vs. the $1.70 expected. However, revenues of $29.12 billion fell short of the $29.60 billion expected as covid lockdowns and regulatory issues hampered the company’s operations.

Investors are used to double-digit revenue growth, but YoY sales increased just 3% in the quarter. With that said, it’s an improvement from the 4% decline last quarter.

Investors appear to be looking ahead despite the macroeconomic uncertainty and covid issues. $BABA shares rallied another 8% today, adding to their strong rally since late October. 💪

Tomorrow morning, we’ll hear from JD.com, who investors think experienced similar headwinds.

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Carvana Careens To New Highs

The return of “left for dead” stocks continues as investors look for opportunities in the market beyond the “magnificent seven.” 🔍

Carvana is an excellent example of this turnaround story in action, with the stock posting its first-ever annual profit and catching several analyst upgrades. 💪

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JD Joins The China Party

The China trade remains a controversial one, with bulls looking to nail an epic bottom and bears looking for the collapse of the country’s stock market (and economy). However, despite all the crazy headlines about economic data, regulators banning short selling, and a whole lot more, some stocks are trying to stabilize. 📰

Today’s example is eCommerce giant JD.com, which reported an earnings and revenue beat after a long string of disappointments. While growth remains well off its pandemic-era highs, investors are happy to see that the business is at least stabilizing and being forecasted properly by management.

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Lyft’s IR Department Just Whiffed

Investor relations departments are the silent heroes of a public company, receiving little recognition for the critical role they play. When they do receive a lot of attention, it’s generally not for good reason. That’s unfortunately what Lyft’s team is finding out today. 😵‍💫

After the bell, ridesharing company Lyft reported fourth-quarter results that were good, not great. But the stock immediately shot up and notched as high as a 60% gain before anyone realized what happened. Did the company just invent a cure for rare diseases? Are they pivoting to crypto or semiconductors? What was the cause of this?

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Target Hits Its Mark With Membership Push

Once companies discovered that membership and loyalty programs drove additional customer visits and spending, there became apps for everything. Trust me, I’ve got the McDonald’s app on my phone because I get free fries or something with my occasional purchase… 📱

Nonetheless, this shit clearly works, and everyone wants a part of it. Given Target’s recent struggle, it’s not surprising that it’s jumping on the bandwagon as part of its turnaround strategy. 

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