A base just recently started to take shape for JD.com (JD), but that pattern could be at risk as news of Alibaba’s (BABA) investment in an e-commerce rival has sent shares plunging in the stock market today . Alibaba is pumping $4.6 billion dollars into Suning Commerce, one of the largest consumer electronics retail chains in China. Among its wide variety of products, Suning sells Apple (AAPL) iPhones and iPads, as does JD. JD shares gapped down
Bearish sentiment toward Apple (AAPL) stock lately is overdone, two Wall Street analysts said in separate research reports Monday. “The significant strengthening in bearish sentiment over the past two weeks belies steady fundamentals,” Nomura analyst Jeffrey Kvaal said in a report. “We retain our view that Apple has plenty of scope to grow sales both in its subscriber base and from the Android phablet base.” Kvaal reiterated his buy rating and
Apple (AAPL) didn’t make Goldman Sach’s list of stocks that are most exposed to China’s slowdown, but many beaten-up semiconductor stocks did make the list amid a rising toll on industrial companies. While as much as 60% of Apple’s revenue and 80% of its fiscal Q3 operating income growth came from China amid strong iPhone sales, Goldman Sachs economist David Kostin identified other stocks with the highest overall revenue exposure to China, in a