Alibaba Group Holding Ltd

Cenovus Energy Inc: "I like Cenovus. ... I wish it gave you a bigger yield, but it's got great assets."Jim Cramer's Guide to InvestingClick here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. Cenovus Energy Inc: "I like Cenovus. ... I wish it gave you a bigger yield, but it's got great assets."Jim Cramer's Guide to InvestingClick here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest smarter. FOLLOW US…

Customers shop at the Apple Fifth Avenue store for the release of the Apple iPhone 14 in New York City, September 16, 2022.Andrew Kelly | ReutersCheck out the companies making headlines in midday trading.Apple – Shares of Apple jumped 8% after the technology giant beat both top and bottom line estimates when it reported earnings results for its latest quarter.Intel – The chip stock popped 10% after surpassing analysts' estimates for the recent quarter and outlining a plan to reduce costs by $10 billion over the next three…

People wait in line at Avis rental agency in the Miami International Airport Car Rental Center.Joe Raedle | Getty ImagesCheck out the companies making the biggest moves midday:Tesla — Shares of the electric vehicle company fell 3.2% after Tesla cut the starting prices for some of its vehicles in China. The price decreases apply to Model 3 and Model Y cars. CEO Elon Musk said last week that he saw signs of a recession in China.WeWork — Shares of WeWork rallied 4.3% after Cantor Fitzgerald initiated coverage of the stock…

Investing in China's technology giants may seem like a risky move to some investors, but one analyst says valuations are "extremely cheap" and China tech buys are an obvious choice now.Tencent and Alibaba are "extremely strong companies," according to Anand Batepati, portfolio manager at GFM Focus Investing."Unless you think that the government or some external force is going to destroy 90% of their existing business, then I think it's a no brainer" to buy these stocks, he told CNBC's "Street Signs Asia" on…

Xi Jinping once declared China should "prioritize innovation" and be on the "cutting-edge (of) frontier technologies, modern engineering technologies, and disruptive technologies."Since that speech in 2017, Beijing has spoken about technologies it wants to boost its prowess in, ranging from artificial intelligence to 5G technology and semiconductors.Five years since Xi's address at the Communist Party of China's last National Congress, the global reality for the world's second-largest economy has transformed. It comes…

Sherwin-Williams Co: "The price-to-earnings multiple is still way too high on that stock. ... I think the stock goes lower."Cassava Sciences Inc: "This is the kind of company that could strike gold or not, but you've got to understand you could lose everything."Boeing Co: "Right now, you've still got to avoid the stock."Seagen Inc: "I think Merck has to buy it. I would not sell this stock here, I'd be a buyer."Jim Cramer's Guide to InvestingClick here to download Jim Cramer's Guide to Investing at no cost to help you…

Now going on 140 years in business, Cincinnati-based Kroger sped up its push into digital retailing during the pandemic, and grocery store chain isn't looking back.      Kroger has adopted an omnichannel strategy, integration of offline or in-store sales with online orders and logistics. It's a concept that originated in China in 2016 when founder Jack Ma of e-commerce giant Alibaba coined the term "New Retail" and proceeded to open 300 high-tech Freshippo-branded supermarkets in 27 Chinese cities.This "New Retail" model…

Masayoshi Son, CEO of SoftBank, has been weighing up various options for chipmaker Arm after Nvidia walked away from buying the company.Alessandro Di Ciommo | Nurphoto | Getty ImagesSoftBank CEO Masayoshi Son said he is seeking a "strategic alliance" between chipmaker Arm, which is owned by the Japanese giant, and South Korean tech conglomerate Samsung."I intend to visit Korea. I'm looking forward to visiting Korea for the first time in three years. I'd like to talk with Samsung about a strategic alliance with Arm," Son…

Alibaba has faced growth challenges amid regulatory tightening on China's domestic technology sector and a slowdown in the world's second-largest economy. But analysts think the e-commerce giant's growth could pick up through the rest of 2022.Kuang Da | Jiemian News | VCG | Getty ImagesAlibaba said it will invest $1 billion over the next three fiscal years to support its cloud computing customers as the Chinese e-commerce giant looks to reignite growth after a historical slowdown.The investment consists of "financial and…

FedEx trucks at Indianapolis International Airport in Indianapolis, Indiana.Kaiti Sullivan | Bloomberg | Getty ImagesCheck out the companies making the biggest moves midday Tuesday:Illumina — Shares of the biotech company rose 2.52% after Illumina said it plans to appeal a decision by the European Commission prohibiting the company's acquisition of Grail. That decision follows last week's ruling by a U.S. Federal Trade Commission judge in favor of the deal.Digital World Acquisition Corp — Shares of the blank-check…