Jump to content

US Earnings Update: Macy’s JD.Com and Alibaba latest


MongiIG

Recommended Posts

MACY’S, JD.COM, ALIBABA (BABA) Q3 EARNINGS – TALKING POINTS

  • Macy’s stock surges as Q3 results smash estimates
  • Chinese ecommerce giant’s Alibaba (Baba) suffers after China regulations weigh on earnings
  • JD.Com Q3 earnings beat estimates, revenue rises by $34.27

Macy's JD.Com and Alibaba Latest - Sydney News Today

 

MACY’S EARNINGS REPORT:

  • Revenue: $5.4bn vs $5.2bn expected
  • Earnings per share (EPS): $1.23 (adj) vs $0.31 expected

US retailer Macy’s Q3 results beat estimates after the department store announced that it had added acquired approximately 4.4 million new customers in the last quarter. With growth rates expected to continue to rise into Q4, the stock rallied upon the release and may likely continue to do so into the main session.

What is earnings season and what to look for in an earnings report?

MACY’S 5 MIN CHART

US Earnings Update: Macy’s JD.Com and Alibaba latest

Chart prepared by Tammy Da Costa using TradingView

 

JD.COM EARNINGS REPORT:

  • Revenue: $34.27 bn vs $33.59 bn expected
  • Earnings Per Share (EPS): $0.49 vs $0.32 (est)

JD.Com Q3 earnings beat expectations as the company announced an increase in net revenues of $33.9 bn for the third quarter, an increase of 43.3% from the same period last year.

JD.Com 5 Min Chart

US Earnings Update: Macy’s JD.Com and Alibaba latest

Chart prepared by Tammy Da Costa using TradingView

ALIBABA GROUP (BABA) EARNINGS REPORT:

  • Revenue: 200.69 billion yuan ($31.4 billion) vs. 204.93 billion yuan estimated, a 29% year-on-year rise.
  • EPS: 11.20 yuan vs. 12.36 yuan estimated, a 38% year-on-year decline.

Chinese e-commerce giant Alibaba Group Holding Limited (NYSE: Baba) missed Q2 earnings and revenues estimates as increased regulations by China on the tech industry and geopolitical tensions continued to weigh on risk sentiment. With China’s economic growth expected to remain relatively low, the tech giant is expected to face additional challenges for the remainder of the year.

BABA 5 Min Chart

US Earnings Update: Macy’s JD.Com and Alibaba latest

Chart prepared by Tammy Da Costa using TradingView

 

Written by Tammy Da Costa for DailyFX.com. 18th November 2021

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • General Statistics

    • Total Topics
      23,621
    • Total Posts
      97,001
    • Total Members
      44,183
    • Most Online
      7,522
      10/06/21 10:53

    Newest Member
    Sitstartalpinist
    Joined 05/12/23 06:46
  • Posts

    • Amazon Inc., Elliott Wave Technical Analysis Amazon Inc., (AMZN:NASDAQ): 4h Chart 5 December 23 AMZN Stock Market Analysis: Looking for a top in wave (i) in place as we have taken out the previous top. The more conservative alternate is that wave {v} is in place and we are due wave 4.   AMZN Elliott Wave Count: Wave (ii) of {v}.   AMZN Technical Indicators: Below 20EMA   AMZN Trading Strategy: Looking for longs once the wave (i) top gets taken out.   TradingLounge Analyst: Alessio Barretta Source : Tradinglounge.com get trial here!         Amazon Inc., AMZN: 1-hour Chart, 5 December 23 Amazon Inc., Elliott Wave Technical Analysis AMZN Stock Market Analysis: Looking for a three wave move into wave a and we are now looking for a pullback in wave b. Ideally we will get support between 138$.   AMZN Elliott Wave count:  Wave b of (ii). s AMZN Technical Indicators: Between 20 and 200EMA. AMZN Trading Strategy: Looking for longs once the wave (i) top gets taken out.    
    • GBPJPY Elliott Wave Analysis Trading Lounge Day  Chart, 5 December 23 British Pound/Japanese Yen(GBPJPY) Day Chart GBPJPY Elliott Wave Technical Analysis Function:  Trend Mode: Corrective as wave 4 Structure:  abc likely zigzag Position: main blue wave 5 Direction Next Higher Degrees: red wave 5 of 5 Details:,  red wave 4 as correction is in play after that red wave 5 of 5 will start .     The "GBPJPY Elliott Wave Analysis Trading Lounge Day Chart" for 5 December 23, delves into the technical analysis of the British Pound/Japanese Yen (GBPJPY) currency pair within a daily timeframe. Utilizing Elliott Wave principles, the analysis aims to provide traders with a comprehensive understanding of the current market dynamics. The identified "Function" is "Trend," highlighting the primary focus of the analysis within the context of the broader market trend. This suggests that the overarching trend is considered the dominant force, providing valuable insights for traders. The specified "Mode" is "Corrective as wave 4," emphasizing the corrective nature of the current market movement. Corrective phases involve temporary price adjustments or sideways movements, and the mention of "wave 4" indicates the specific degree of correction within the Elliott Wave framework. The primary "Structure" is described as "abc likely zigzag," indicating that the ongoing correction is likely unfolding in a zigzag pattern characterized by three sub-waves labeled as 'a,' 'b,' and 'c.' Zigzag corrections are a common Elliott Wave structure. The designated "Position" is identified as "main blue wave 5," providing traders with information about the current position within the larger degree of the Elliott Wave pattern. This specific focus allows for a detailed analysis of the ongoing correction. The directional guidance for "Next Higher Degrees" is "red wave 5 of 5," suggesting an anticipation of the next upward wave within the larger Elliott Wave structure. This guidance provides traders with insights into the expected progression of the corrective pattern. Regarding "Details," the analysis notes that "red wave 4 as correction is in play," confirming the current corrective phase. It further states that "after that red wave 5 of 5 will start," indicating the expectation of the subsequent upward wave within the larger degree of correction. In summary, the GBPJPY Elliott Wave Analysis on the daily chart for 5 December 23, focuses on a corrective phase labeled as "wave 4" within the broader trend context. The analysis provides detailed information about the structure of the correction, the current wave position, and the anticipated next wave within the Elliott Wave framework.   Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!    
    • GBPJPY Elliott Wave Analysis Trading Lounge 4 Hour  Chart, 5 December 23 British Pound/Japanese Yen(GBPJPY) 4 Hour Chart GBPJPY Elliott Wave Technical Analysis Function:  Counter Trend Mode: Corrective Structure:  A of red wave 4 Position: red wave 4 Direction Next Higher Degrees: B of 4 Details:,  Black wave A of 4 is in play , after that b of 4 expected. Wave Cancel invalid level:188.657 The "GBPJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart" for December 5, 2023, provides insights into the British Pound/Japanese Yen (GBPJPY) currency pair within a four-hour timeframe. The technical analysis is grounded in Elliott Wave principles, offering a comprehensive understanding of the current market dynamics. The identified "Function" is "Counter Trend," indicating that the analysis is focused on discerning movements contrary to the prevailing trend. In this context, the emphasis is likely on a corrective phase within the broader trend, presenting opportunities for traders to navigate potential reversals or retracements. The specified "Mode" is "Corrective," highlighting the nature of the current market movement. Corrective waves are characterized by temporary price adjustments or sideways movements, suggesting a deviation from the primary trend. The primary "Structure" under examination is "A of red wave 4," indicating that the focus is on a specific sub-wave (A) within the broader corrective structure (red wave 4). This detailed analysis allows for a nuanced understanding of the ongoing correction. The designated "Position" is "red wave 4," providing information about the wave's location within the larger degree of correction. This suggests a focus on the specific phase of the broader corrective pattern. The directional guidance for "Next Higher Degrees" is "B of 4," indicating an anticipation of the next upward wave within the larger corrective structure (red wave 4). This provides traders with insights into the expected progression of the correction. Regarding "Details," the analysis notes that "Black wave A of 4 is in play." This suggests that the current phase involves the unfolding of the A wave within the larger corrective structure (red wave 4). Additionally, it mentions that after the completion of A, the expectation is for "b of 4," signifying the anticipation of the subsequent sub-wave. In conclusion, the GBPJPY Elliott Wave Analysis on the 4-hour chart for 5 December 23, offers a detailed examination of a corrective phase (A of red wave 4) within the broader trend. Traders are provided with insights into the current wave position, the expected next wave (B of 4), and key levels for wave cancellation. Technical Analyst : Malik Awais Source : Tradinglounge.com get trial here!    
×
×
  • Create New...
us