NatalieLopez

 26 Apr 24

tl;dr

CHINESE TECH STOCKS RISE AFTER U.S. TECH GIANTS' EARNINGS REPORTS Chinese tech stocks showed positive movement on Friday following the quarterly earnings results of U.S. tech giants Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG) (GOOGL). Video sharing platform Bilibili (BILI) surged 7%, while in...

CHINESE TECH STOCKS RISE AFTER U.S. TECH GIANTS' EARNINGS REPORTS Chinese tech stocks showed positive movement on Friday following the quarterly earnings results of U.S. tech giants Microsoft (NASDAQ:MSFT) and Alphabet (NASDAQ:GOOG) (GOOGL). Video sharing platform Bilibili (BILI) surged 7%, while internet search giant Baidu (BIDU) is up 3%. E-commerce companies Alibaba (BABA) is up 2% and JD.com (JD) has climbed 5%. Meanwhile, video games company NetEase (NTES) has jumped 3%. Alphabet, Google's parent company, saw its stock soar 10% after its first-quarter results beat analyst expectations, with revenues jumping 15%, particularly at YouTube. The tech giant also launched its first dividend. Microsoft's fiscal third-quarter results and guidance received wide praise on Wall Street, showcasing the company's ability to monetize artificial intelligence (AI) through its Azure cloud unit. However, Intel's stock tumbled about 10% after significantly weaker-than-expected second-quarter guidance made investors nervous.

More about Microsoft Corporation

Microsoft Corporation is an American multinational technology company that produces computer software, consumer electronics, personal computers, and related services. Its best-known software products are the Microsoft Windows line of operating systems, the Microsoft Office suite, and the Internet Explorer and Edge web browsers. Its flagship hardware products are the Xbox video game consoles and the Microsoft Surface lineup of touchscreen personal computers.

Microsoft ranked No. 21 in the 2020 Fortune 500 rankings of the largest United States corporations by total revenue. It was the world's largest software maker by revenue as of 2016. It is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Amazon, and Facebook.

Industry: Technology
Sector: Services-Prepackaged Software
Market Cap: 303.95 Billion
Current Price: $37.05
Change: 2.86 ( 11.04%)
52 Week Range: $30.61 - $46.24
EPS (TTM): 0.363
Volume: 227,583,001
Avg. Volume: 462.44
PE Ratio: 0.332
Dividend Yield: 0.176

More about Alphabet Inc Class C
Alphabet Inc Class C Summary

Alphabet Inc Class C

Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.

Industry

Technology, Services-Computer Programming, Data Processing, etc.

Key Financial Data

Market Cap: $1.989633376 trillion

PE Ratio: 27.78

Dividend Yield: 5.8%

Beta: 24.34

Revenue: $307.393987 billion

EPS: $165.29

Profit Margin: 0.56

Operating Margin: 0.135

More about Alphabet Inc Class A
Alphabet Inc. Stock Analysis

Alphabet Inc. Stock Analysis Summary

Alphabet Inc. is an American multinational conglomerate headquartered in Mountain View, California. It was created through a restructuring of Google on October 2, 2015, and became the parent company of Google and several former Google subsidiaries. The two co-founders of Google remained as controlling shareholders, board members, and employees at Alphabet. Alphabet is the world's fourth-largest technology company by revenue and one of the world's most valuable companies.

Key Information:

Sector: TECHNOLOGY

Services: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.

Market Cap: $1,989,634,294,000

Price/Earnings Ratio: 27.48

Dividend Yield: None

Beta (Volatility): 0.24

Volume: 307,393,987,000

Revenue per Share: $166.71

Profit Margin: 0.56

Return on Equity: 0.135

More about Bilibili Inc

Bilibili Inc Stock Analysis Summary

Bilibili Inc. provides online entertainment services for the younger generation in the People's Republic of China. The company is headquartered in Shanghai, the People's Republic of China.

Sector: TECHNOLOGY

Industry: SERVICES-COMPUTER PROCESSING & DATA PREPARATION

Market Cap: 5,275,863,000

Dividend Yield: None

EPS: -1.61

P/E Ratio: 54.52

ROE: -0.214

Revenue: 22,527,988,000

Net Income: 14.57

EBITDA: 0

Price/Book: 0.034

More about Baidu Inc

Baidu Inc,Baidu, Inc. provides Internet search services primarily in China. The company is headquartered in Beijing, China.

Industry: TECHNOLOGY

Sector: SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.

Market Cap: 350.53B

PE Ratio: 13.03

Dividend Yield: None

EPS: 7.61

Stock Price: 383.61

Price to Book: 0.151

Revenue: 134.598B

Net Income: 157.51B

Return on Equity: -0.572

Debt to Equity: 0.057

More about Alibaba Group Holding Ltd

Alibaba Group Holding Limited, a Chinese multinational technology company, was founded on June 28, 1999, in Hangzhou, Zhejiang. The company specializes in e-commerce, retail, Internet, and technology, offering consumer-to-consumer (C2C), business-to-consumer (B2C), and business-to-business (B2B) sales services via web portals. Additionally, it provides electronic payment services, shopping search engines, and cloud computing services. Alibaba owns and operates a diverse portfolio of companies globally across various business sectors.

Trade & Services Sector: Services-Business Services

NEC: 181621801000

Stock Data:

Open: 13.98

High: 6.87

Low: 5.34

Volume: 363.64

Dividend Yield: 0.108

Market Cap: 927493980000

Price to Earnings Ratio: 106.34

Change: -0.684

Percentage Change: 0.051

More about JD.com Inc Adr

JD.com Inc Adr Summary

JD.com, Inc. is an e-commerce company and retail infrastructure service provider in the People's Republic of China. The company is headquartered in Beijing, China.

Sector: TRADE & SERVICES

Industry: RETAIL-RETAIL STORES, NEC

Market Cap: 434.38B

Current Price: 13.46

Dividend Yield: 5.39%

P/E Ratio: 2.1

52-Week Range: 689.94

Beta (5Y Monthly): 0.0223

Volume: 1084662022

EPS: 38.44

Forward P/E: 0.178

P/B: 0.036

More about NetEase Inc

Stock Summary for NetEase Inc (NEC)

Sector: Trade & Services

Industry: Business Services

Market Cap: 609.58B

Current Price: $15.07

52-Week High: $18.19

52-Week Low: $6.24

Price/Earnings Ratio: 160.84

Dividend Yield: 0.284

Average Volume: 103.47M

EPS: $133.47

Beta (3Y Monthly): 0.674

Forward Dividend & Yield: $0.07

Disclaimer: The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.

Disclaimer

The opinions expressed by the writers at Grow My Bag are their own and do not reflect the official stance of Grow My Bag. The content provided on our site is not intended as investment advice, and Grow My Bag is not an investment advisor. We do not endorse buying or selling any cryptocurrencies or digital assets mentioned in our articles. High-risk investments in Bitcoin, cryptocurrencies, and digital assets require thorough due diligence, and all transfers and trades made are at your own risk. Grow My Bag is not responsible for any potential losses and participates in affiliate marketing.
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