Today's Research Reports on Stocks to Watch: Alibaba Group Holding Limited and Weibo Corporation

[End Subhead]
[Start Distributor]
Accesswire 8-Aug-2017 8:10 AM
[End Distributor]
NEW YORK, NY / ACCESSWIRE / August 8, 2017 / Chinese companies Alibaba Group and Weibo both saw big gains on Monday. Shares of Alibaba soared to a close of over 3% after announcing a partnership with Marriott International Inc. that will allow Chinese consumers to book a stay via Alibaba and Alipay. Shares of Weibo closed up nearly 10% and hit an all-time new high, as the Street eagerly waits for the company's earnings release before the market open tomorrow.
RDI Initiates Coverage on:
Alibaba Group Holding Limited https://ub.rdinvesting.com/news/?ticker=BABA
Weibo Corporation https://ub.rdinvesting.com/news/?ticker=WB
Alibaba Group Holding Limited's shares closed up 3.59% yesterday on nearly 16 million shares traded. It was revealed on Monday that Alibaba Group has partnered up with Marriott International Inc. to serve Chinese tourists abroad. The joint venture will let Chinese travelers book rooms with Marriott hotels using Fliggy, which is Alibaba's travel service platform. Marriott's global chief commercial officer Stephanie Linnartz has said that travelers will be able to sign up for Marriott's rewards program and receive special member-only rates through Fliggy. She also remarked that Alibaba will be running Marriott's websites and apps eventually. Both companies said in a statement that over the next five years there will be an estimated 700 million trips to be taken by Chinese travelers. Marriott President and CEO Arne Sorenson commented, "By forming this partnership, we are pairing our hospitality expertise with Alibaba's digital travel platform, retail expertise and digital payment platform, Alipay, and driving membership to our loyalty programs. With the growing number of Chinese consumers exploring new destinations, this venture will introduce our hotels worldwide to this new and growing traveling class."
Access RDI's Alibaba Group Holding Limited Research Report at: https://ub.rdinvesting.com/news/?ticker=BABA
Weibo Corporation's shares closed up 9.51% on Monday and hit an all-time new high of $86.88. Trading volume for the stock was roughly three times compared to usual as traders eagerly await the company's earnings release this week on Wednesday. The company, which has been referred to as the Chinese Twitter, has been on a gaining spree this year with gains of over 112% so far. Shares closed at $40.60 at the end of December. Weibo saw its net revenues grow 67% in the first fiscal quarter at $199.2 million. Annual sales for the company have seen a growth of 43% in the last three years. In the last three-quarters, the company saw its earnings grow at an average of 179%. The Wall Street consensus has called for EPS of $1.51 per share for the full year.
Access RDI's Weibo Corporation Research Report at: https://ub.rdinvesting.com/news/?ticker=WB
Our Actionable Research on Alibaba Group Holding Limited (NYSE: BABA) and Weibo Corporation (NASDAQ: WB) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
contact@rdinvesting.com
CFA and Chartered Financial Analyst are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com