Earnings And Expected Moves: Disney, Palantir, Alibaba, Airbnb, Coinbase, FuboTV And More

Monday, 10 May 2021, 18:10:37
The Broader Markets Last Week – SPY closed about 1.2% higher on the week, in line with the 1.2% move options were pricing. The VIX closed lower on the week, down to 16.70 from 18.60. This Week – SPY options are pricing a 1% move (in either direction) for the upcoming week. That corresponds to about $418 as a bearish consensus and $427 as a bullish consensus . Expected Moves for This Week via Options AI : SPY 1% QQQ 1.6% IWM 1.9% With lower implied vol comes tighter expected moves. QQQ and IWM expected moves are also less than last week. Options AI provides a free expected move calculator that allows you to compare expected moves for up to 5 stock or ETFs on the same chart. Expected Moves For Companies Reporting Earnings Earnings season continues with reports from Alibaba, Disney, Palantir and more. The Options AI Earnings Calendar is a free resource to keep up to date on upcoming earnings, how options are pricing potential moves, and how that compares to … Full story available on Benzinga.
— Benzinga

Weibo Shares Lose Steam Despite Q1 Earnings Beat, Robust Q2 Guidance As Monthly Active Users Fall 4%

Monday, 10 May 2021, 17:40:54
Weibo Corp (NASDAQ: WB ) reported first-quarter FY21 net revenue growth of 42% year-on-year to $458.9 million (31% Y/Y on a constant currency basis), beating the analyst consensus of $429.84 million. Advertising and marketing revenues rose 42% Y/Y to $390 million. Advertising and marketing revenues excluding Alibaba ad revenues increased 44% Y/Y to $356.7 million. Value-added service (VAS) revenues rose 44% Y/Y to $68.9 … Full story available on Benzinga.com
— Benzinga

Bengal cops fight fake news

Monday, 10 May 2021, 16:23:21
Also in today's ETtech Top 5 newsletter: Karnataka's flip-flop on delivery of non-essential goods, ByteDance bets on video e-commerce in fight against Alibaba in China, Amazon takes step to counter sale of fake goods on its platform.
— Economic Times India

Alibaba's Ant At The Forefront Among Privately-Run Businesses To Expand Trials Of China's Digital Currency

Monday, 10 May 2021, 10:00:49
Chinese e-commerce giant Alibaba Group Holding Limited’s (NYSE: BABA ) affiliate Ant Group is among the first privately-run businesses to be included in China’s digital currency trials, CNBC reported Sunday. What Happened: MYbank – an online bank backed by Ant Group – has permitted some users to link their account with China’s digital yuan app, according to the CNBC report that state-backed China Securities Journal. MYbank had over 35 million small business and individual clients as of the end of 2020. Some users can access the feature through Ant’s Alipay app, one of the two primary mobile pay apps in China. Consumers in the country widely use mobile payments. China’s central bank — … Full story available on Benzinga.com
— Benzinga

A Large Fund Bet Big on Apple and Alibaba Stock. Here Are Two Stocks It Sold.

Saturday, 8 May 2021, 13:00:00
Flossbach von Storch of Germany bought Apple and Alibaba shares in the first quarter, while slashing positions in videogame publishers Electronic Arts and Activision.
— Barron's