Us stock signals free

CMBI highlighted in a report that BABA-SW (09988.HK)  -2.950 (-3.569%)    Short selling $1.05B; Ratio 11.908%   (BABA.US)      achieved a 6.6% YoY growth in revenue for 4FQ24 ended in March this year. Increased investment during the period helped drive improved user experience, GMV growth in domestic business and expansion of international business. Taobao Tmall Group achieved double-digit YoY growth in GMV, international commerce retail revenue hiked 56%, while AI-related cloud business revenue soared by triple digits.

All 15 brokers summarised by our reporters have raised their target prices on TENCENT and rated the company Buy, Overweight or Outperform respectively.

BofA Securities noted in a report that TENCENT (00700.HK)  +15.200 (+3.981%)    Short selling $2.84B; Ratio 12.187%   's 1Q24 adjusted net profit hiked 54% YoY to RMB50.3 billion, much higher than the consensus estimate of RMB43.0 billion, benefiting from accelerated growth in gross profit and lower operating expenses. Gross margin improved to 53%, higher than the market's forecast of 50%.

BIDU-SW (09888.HK)  -0.800 (-0.733%)    Short selling $184.62M; Ratio 18.888%   (BIDU.US)      released its 1Q24 results ended March 2024. Net income attributable to BIDU-SW fell 6.5% YoY to RMB5.448 billion, still above the upper limit of the range of RMB3.977 billion to RMB4.522 billion as forecasted by 5 brokers summarized by our reporters.

Citi Research highlighted that Home Depot (HD.US)      's same-store sales (SSS) fell 2.8% in 1FQ24, missing market expectations of a 2% decline. Home Depot management attributed the miss to a delay in spring groundbreaking and continued weakness in some of its large licensing projects, while also reiterating its FY24 target for SSS to just decline about 1%.

BABA-SW (09988.HK)  +1.500 (+1.848%)    Short selling $634.39M; Ratio 9.795%   announced its results for 4FQ24 ended March this year. Net profit attributable to ordinary shareholders was RMB3.27 billion, crashing 86.1% YoY. Net profit cratered 95.8% YoY to RMB919 million. The group attributed this mainly to the net loss arising from mark-to-market changes in its investments in publicly traded companies, as compared to the net gain recorded in the same period last year. Basic earnings per share was RMB0.17 and earnings per ADS was RMB1.32.

BABA-SW (09988.HK)  +1.500 (+1.848%)    Short selling $634.39M; Ratio 9.795%   (BABA.US)      said it is preparing for the primary listing in Hong Kong and currently expects to complete the conversion by the end of August 2024, and will make a separate announcement on the primary listing conversion date in due course.

NTES-S (09999.HK)  +2.400 (+1.552%)    Short selling $156.00M; Ratio 14.704%   will announce its 1Q24 results next Thursday (23 May) at around 6 pm, which are expected to be boosted by revenues from new games in 2H23, including "Justice Mobile" and "Allstar Streetball Party".

Goldman Sachs released a report at mid-April, setting out its forecast for NTES-S (09999.HK)  +2.400 (+1.552%)    Short selling $156.00M; Ratio 14.704%   's 1Q24 results:

The comment of Qu Jing, former vice president of BIDU-SW (09888.HK)  +0.200 (+0.187%)    Short selling $92.67M; Ratio 13.196%   (BIDU.US)      , caused controversy. However, Cui Shanshan, senior vice president of the Group, said in her speech at the annual advanced award event that BIDU-SW's culture must be upheld and defended.