Ultime notizie per Alibaba Gr Hldgs (NYSE:BABA) Azioni

Alibaba Gr Hldgs

Alibaba Group Holding

Alibaba is the world's largest online and mobile commerce company as measured by gross merchandise volume. It operates China's online marketplaces, including Taobao (consumer-to-consumer) and Tmall (business-to-consumer). The China commerce retail division is the most valuable cash flow-generating business at Alibaba. Additional revenue sources include China commerce wholesale, international commerce retail/wholesale, local consumer services, cloud computing, digital media and entertainment platforms, Cainiao logistics services, and innovation initiatives/other.

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Pre-market 15 agosto 2024: Walmart, Alibaba e altri titoli da tenere d&#39;occhio per le principali novità finanziarie.

Pre-market: 5 titoli da monitorare oggi, 15 agosto 2024

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share

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ALIBABA GROUP HOLDING ADR REP 8 ORD

Contrary to its odd reputation, Wall Street delivered an upbeat performance in September. The S&amp;P 500 added 1.6%, the Dow Jones advanced 1.8%, the Nasdaq Composite gained 2.3% and the Russell 2000 ticked up 0.3% last month. The month can be easily marked by the first Fed rate cut in four years, ECB&#39;s second rate cut and Chinese stimulus.
<h3>U.S. Economy Grows Faster Than Expected In Q2</h3>
The U.S. economy grew at an annualized rate of 3% in the second quarter of the year, surpassing Wall Street&#39;s expectations. According to the Bureau of Economic Analysis&#39;s third estimate, this growth rate remained unchanged from the previous estimate.
Economists had estimated the reading to show an annualized growth of 2.9%. The second-quarter growth marks a significant improvement from the 1.4% annualized growth seen in the first quarter (read: <a href="https://www.zacks.com/stock/news/2342935/4-reasons-to-buy-small-cap-etfs-now?art_rec=funds-etfs-trending_topics_popular-ID07-txt-2342935" target="_blank">4 Reasons to Buy Small-Cap ETFs Now</a>).
<h3>Fed Rate Cut</h3>
The Federal Reserve kicked off the easing monetary era by slashing key interest rates by 50 bps to 4.75-5% after holding it at a 23-year high for 14 consecutive months since July 2023. This marked the first rate cut since 2020 to address slowing economic growth and showed greater confidence in the fact that inflation is moving sustainably toward the 2% target level.
<h3>Chinese Stimulus</h3>
On Sept. 24, 2024, China&#39;s central bank, the People&#39;s Bank of China (PBOC), announced a broad range of monetary stimulus measures aimed at boosting the world&#39;s second-largest economy. This move indicates growing concerns within Xi Jinping&#39;s administration over the nation&#39;s slowing growth and declining investor confidence.
<h3>ECB Rate Cut</h3>
European Central Bank (ECB) slashed rates for the second time in three months in September. The reduction, from 3.75% to 3.5%, came on the heels of slowing inflation. &nbsp;The bank also intends to bolster the region&#39;s sagging economy.
<h3>Best-Performing ETFs of September</h3>
Against this backdrop, below we highlight a few winning exchange-traded funds (ETFs) for the month of September.
<h3>China ETFs</h3>
Global X MSCI China Consumer Discretionary ETF (ARCA: CHIQ) &ndash; Up 35%
KraneShares Hang Seng TECH Index ETF (ARCA: KTEC) &ndash; Up 33.7%
China&#39;s stimulus efforts boosted global markets, with mainland stocks notching their biggest weekly win since 2008. Shares of Alibaba BABA, JD.com (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jd#NASDAQ">JD</a>), and Meituan jumped as investors showed renewed interest in Chinese equities (read: <a href="https://www.zacks.com/stock/news/2341543/a-few-reasons-to-buy-china-etfs-now" target="_blank">A Few Reasons to Buy China ETFs Now</a>).
<h3>Technology ETFs</h3>
First Trust Dow Jones International Internet ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fdni#NASDAQ">FDNI</a>) &ndash; Up 24%
EMQQ The Emerging Markets Internet ETF EMQQ &ndash; Up 16.7%
International tech stocks have been in fine fettle due to global monetary policy easing. Since low rates are beneficial for growth sectors like technology, such an environment bodes well for international Internet stocks and ETFs. In general, Chinese stimulus and a Fed rate cut have favored the broader emerging market investing (read: <a href="https://www.zacks.com/stock/news/2342725/emerging-market-etfs-roar-back-to-new-heights" target="_blank">Emerging Market ETFs Roar Back to New Heights</a>).
<h3>Natural Gas</h3>
United States Natural Gas Fund LP (ARCA: UNG) &ndash; Up 22.8%
The natural gas markets have rallied as traders worry that the refining and extraction of natural gas in the Gulf of Mexico could be hampered due to hurricanes. Total U.S. consumption of natural gas rose by 2.5% (1.7 Bcf/d) in the week ending Sept. 25, 2024 from the previous week, <a href="https://www.eia.gov/naturalgas/weekly/" target="_blank">according to data from S&amp;P Global Commodity Insights</a>.
<h3>Lithium</h3>
iShares Lithium Miners and Producers ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ilit#NASDAQ">ILIT</a>) &ndash; Up 14.7%
Electric vehicle (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ev#NYSE">EV</a>) stocks gained momentum this month on speculation of higher EV sales. Electric car sales in the United States are on track for a record quarter, <a href="https://insideevs.com/news/735231/ev-sales-q3-2024-tesla/" target="_blank">according to forecasts out Wednesday from Cox Automotive</a>, as quoted on insideevs.com. Lithium-ion batteries are the most common type of battery used in electric vehicles. This fact explains the rally in ILIT ETF.
<h3>Airlines</h3>
U.S. Global Jets ETF (ARCA: JETS) &ndash; Up 14.3%
Airlines stocks soared on strong demand, decelerating capacity and lower oil prices. The Airports Council International (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/aci#NYSE">ACI</a>) World projects that global passenger volume will reach 9.5 billion in 2024, which is 104% of the 2019 level and a 10% increase from 2023, <a href="https://aci.aero/2024/09/18/the-trusted-source-for-air-travel-demand-updates-2/#:~:text=The%20current%20projection%20for%202024,(YoY)%20growth%20from%202023." target="_blank">per Airport Council International</a>.
U.S. Global Jets ETF provides exposure to the global airline industry, including airline operators and manufacturers from all over the world, by tracking the U.S. Global Jets Index. The product holds 60 securities and charges 60 bps on an annual basis.
<a href="https://www.zacks.com/stock/news/2343606/best-performing-etf-areas-of-september?cid=CS-BENZ-FT-etf_news_and_commentary-2343606">To read this article on Zacks.com click here.</a>

Asia

Eurozone

Economics

Federal Reserve

ETFs

First Trust Dow Jones International Internet ETF

FDNI

ILIT

KTEC

Best-Performing ETF Areas Of September

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$260.00</td>
<td>$30.8K</td>
<td>14.8K</td>
<td>48.8K</td>
</tr>
<tr>
<td>XPEV</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/17/25</td>
<td>$10.00</td>
<td>$36.4K</td>
<td>26.1K</td>
<td>27.3K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$150.00</td>
<td>$36.2K</td>
<td>5.1K</td>
<td>23.0K</td>
</tr>
<tr>
<td>NIO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$6.50</td>
<td>$39.8K</td>
<td>17.6K</td>
<td>21.8K</td>
</tr>
<tr>
<td>BABA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$100.00</td>
<td>$25.6K</td>
<td>4.6K</td>
<td>12.9K</td>
</tr>
<tr>
<td>CPRI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$52.50</td>
<td>$585.0K</td>
<td>2.2K</td>
<td>3.0K</td>
</tr>
<tr>
<td>F</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$10.50</td>
<td>$25.5K</td>
<td>3.4K</td>
<td>2.6K</td>
</tr>
<tr>
<td>TAL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$13.00</td>
<td>$512.5K</td>
<td>12</td>
<td>2.5K</td>
</tr>
<tr>
<td>CVNA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$165.00</td>
<td>$96.2K</td>
<td>729</td>
<td>2.2K</td>
</tr>
<tr>
<td>MNSO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$20.00</td>
<td>$127.5K</td>
<td>1.3K</td>
<td>1.8K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option trade with bearish sentiment. It expires in 4 day(s) on October 4, 2024. Parties traded 40 contract(s) at a $260.00 strike. The total cost received by the writing party (or parties) was $30.8K, with a price of $770.0 per contract. There were 14891 open contracts at this strike prior to today, and today 48859 contract(s) were bought and sold. 
• Regarding XPEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>), we observe a call option sweep with bearish sentiment. It expires in 199 day(s) on April 17, 2025. Parties traded 96 contract(s) at a $10.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.4K, with a price of $380.0 per contract. There were 26148 open contracts at this strike prior to today, and today 27320 contract(s) were bought and sold. 
• Regarding PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on October 4, 2024. Parties traded 503 contract(s) at a $150.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $36.2K, with a price of $72.0 per contract. There were 5169 open contracts at this strike prior to today, and today 23090 contract(s) were bought and sold. 
• Regarding NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we observe a call option sweep with bullish sentiment. It expires in 4 day(s) on October 4, 2024. Parties traded 700 contract(s) at a $6.50 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $39.8K, with a price of $57.0 per contract. There were 17615 open contracts at this strike prior to today, and today 21889 contract(s) were bought and sold. 
• Regarding BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we observe a put option sweep with bearish sentiment. It expires in 4 day(s) on October 4, 2024. Parties traded 420 contract(s) at a $100.00 strike. This particular put needed to be split into 39 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $61.0 per contract. There were 4696 open contracts at this strike prior to today, and today 12941 contract(s) were bought and sold. 
• Regarding CPRI (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPRI#NYSE">CPRI</a>), we observe a call option trade with bullish sentiment. It expires in 46 day(s) on November 15, 2024. Parties traded 3000 contract(s) at a $52.50 strike. The total cost received by the writing party (or parties) was $585.0K, with a price of $195.0 per contract. There were 2236 open contracts at this strike prior to today, and today 3003 contract(s) were bought and sold. 
• Regarding F (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>), we observe a call option sweep with bullish sentiment. It expires in 11 day(s) on October 11, 2024. Parties traded 850 contract(s) at a $10.50 strike. This particular call needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $30.0 per contract. There were 3469 open contracts at this strike prior to today, and today 2671 contract(s) were bought and sold. 
• Regarding TAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAL#NYSE">TAL</a>), we observe a put option trade with neutral sentiment. It expires in 46 day(s) on November 15, 2024. Parties traded 2500 contract(s) at a $13.00 strike. The total cost received by the writing party (or parties) was $512.5K, with a price of $205.0 per contract. There were 12 open contracts at this strike prior to today, and today 2552 contract(s) were bought and sold. 
• For CVNA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>), we notice a put option sweep that happens to be neutral, expiring in 4 day(s) on October 4, 2024. This event was a transfer of 746 contract(s) at a $165.00 strike. This particular put needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $96.2K, with a price of $126.0 per contract. There were 729 open contracts at this strike prior to today, and today 2289 contract(s) were bought and sold. 
• Regarding MNSO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NYSE">MNSO</a>), we observe a call option trade with bearish sentiment. It expires in 46 day(s) on November 15, 2024. Parties traded 1500 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $127.5K, with a price of $85.0 per contract. There were 1389 open contracts at this strike prior to today, and today 1888 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

CPRI

CVNA

MNSO

Citigourp Global Markets 2% Protected Notes Linked To The Djia

TSLA

XPEV

10 Consumer Discretionary Stocks Whale Activity In Today's Session

Chinese stocks continue to rebound Monday following years of underperformance after China said it would allow homeowners to refinance mortgages, the latest move in a string of measures aimed at <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41032804/chinas-stimulus-sparks-optimism-3-large-cap-stocks-with-analyst-buy-ratings">supporting its struggling economy</a>.
What To Know: China on Sunday announced that it would allow for the refinancing of mortgages by home buyers, according to a <a href="https://www.wsj.com/world/china/china-to-allow-home-buyers-to-refinance-mortgages-in-latest-easing-move-2d3eeb4a?mod=livecoverage_web">report</a> from the Wall Street Journal.
The report indicates that the move could help recent policy changes more effectively filter through to the markets. Before the mortgage refinancing measures were announced, home buyers were unable to reap immediate benefits from lower interest rates. 
&#8220;Shortcomings in the current mortgage interest-rate pricing mechanism have become apparent, the public reaction has been quite strong and the need to adjust and optimize is urgent,&#8221; China&#8217;s central bank reportedly said in a statement.
Under new rules, borrowers will be able to refinance home loans using prevailing market rates for new mortgages if the difference between their rate and current market rates reach a &#8220;certain magnitude.&#8221; Further details on the threshold were not shared.
The People's Bank of China reportedly said that the new measures will go into effect on Nov. 1.
See Also: <a href="https://www.benzinga.com/markets/equities/24/09/41096388/hurricane-helene-102-dead-2-million-without-power-after-storm-destruction-in-6-states">Hurricane Helene: 102 Dead, 2 Million Without Power After Storm Destruction In 6 States</a>
The <a href="https://www.benzinga.com/topic/hang-seng-index">Hang Seng</a> jumped 2% on Monday after rising about 13% last week and the Shanghai Composite soared approximately 8%. Several U.S.-listed Chinese stocks also surged following the announcement. 
Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) was up 2.05% at $109.51, JD.com, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) was up 3.57% at $41.32, PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) was up 2.47% at $138.72, Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) was up 2.33% at $107.61, Bilibili Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BILI#NASDAQ">BILI</a>) was up 5.85% at $24.26 and KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) was up 8.2% at $21.64. 
China-based EV names were also getting a boost from the announcements over the weekend including NIO Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), up 8.97% at $7.10, and Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>), up 3.47% at $26.67. 
The news over the weekend comes after China announced its most aggressive stimulus measures since the pandemic last week and promised that it would deploy "necessary fiscal spending" to meet its economic growth target of 5%. 
The moves out of China mark the country's latest attempts to revive an economy that has battled deflationary pressures and growth headwinds due to property declines and wavering consumer confidence.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/09/41082440/chinese-stocks-dominate-jd-com-and-temu-parent-pdd-are-among-top-10-large-cap-gainers-last-week-se">Chinese Stocks Dominate &#8211; JD.com And Temu Parent PDD Are Among Top 10 Large Cap Gainers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?</a></li>
</ul>
Photo: Shutterstock.

Global

Movers

BEKE

BIDU

BILI

China Stocks Jump As Stimulus Optimism Mounts: What's Going On?

Macro Economic Events

Market Summary

General

STLA

Benzinga Market Summary: Chinese Stocks Continue Higher Amid Stimulus Measures, Autos Drop On Weak Stellantis Guidance

<ul>
<li>NVDA</li>
<li>BABA</li>
<li>NIO</li>
<li>RKLB</li>
<li>WAY</li>
<li>MADE</li>
<li>TSLA</li>
<li>CCL</li>
<li>AAPL</li>
<li>GLD</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

AAPL

MADE

NVDA

RKLB

Top 10 Trending Stocks On WallStreetBets As Of September 30, 2024 (Via Swaggy Stocks)

Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is brewing excitement as a Golden Cross formation suggests a <a href="https://www.benzinga.com/topic/golden-cross">potential bullish run</a>.
The stock is up 6.84% over the past year, with a 3.94% gain year-to-date.
Jim Cramer recently put the spotlight on Starbucks, naming it one of his top &#8220;stimulus plays&#8221; in the wake of China&#8217;s renewed economic efforts, alongside heavyweights like Alibaba Group Holdings Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABAF#NYSE">BABAF</a>) and Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>).
In a Sept. 30 tweet, the &#8220;Mad Money&#8221; host said:
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Back in action after some nice time off and i see that the Chinese are, once again, stimulating and everyone&#39;s back&#8230; Perfect&#8230;.Sorry to be so cynical. But if you want stimulus plays: BABA, AAPL and SBUX will do
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1840670203350270232?ref_src=twsrc%5Etfw">September 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Cramer's call comes at a pivotal moment for Starbucks. The coffee giant faces headwinds in its second-largest market, China. Last quarter, Starbucks saw a 14% drop in same-store sales in China. The U.S. market experienced a more modest 2% decline.
Read Also: <a href="https://www.zacks.com/stock/news/2342528/is-starbucks-stock-a-buy-sell-or-retain-at-24-79x-p-e?cid=CS-BENZ-FT-analyst_blog&#x7C;most_popular_stocks-2342528">Is Starbucks Stock a Buy, Sell or Retain at 24.79x P/E?</a>
Despite these challenges, the technicals suggest Starbucks stock is gearing up for a strong push forward. 
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083721/Screenshot-2024-09-30-at-5.08.57-PM.png" alt="" class="wp-image-572328" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083721/Screenshot-2024-09-30-at-5.08.57-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083721/Screenshot-2024-09-30-at-5.08.57-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The Golden Cross — a key technical indicator where the 50-day moving average crosses above the 200-day moving average— signals that bullish momentum is taking hold.
With the current share price at $97.36, Starbucks stock remains well above its 50-day SMA of $88.43 and 200-day SMA of $87.26, reinforcing the bullish signal.
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="628" height="454" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083813/Screenshot-2024-09-30-at-6.07.52-PM.png" alt="" class="wp-image-572330" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083813/Screenshot-2024-09-30-at-6.07.52-PM.png 628w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/09/30083813/Screenshot-2024-09-30-at-6.07.52-PM-300x217.png 300w" sizes="(max-width: 628px) 100vw, 628px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent093024&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
Additionally, Starbucks stock is trading above its shorter-term moving averages, with its eight-day SMA at $96.18 and its 20-day SMA at $95.33, both of which are also bullish signals. This alignment of moving averages shows that Starbucks stock has maintained consistent upward momentum, even amid some broader market volatility.
While Starbucks continues to navigate its union negotiations in the U.S., CEO Brian Niccol has signaled a new era of constructive dialogue, which could further stabilize the company's U.S. operations. 
Investors are keen to see if Cramer's endorsement and the Golden Cross can help fuel the stock's next move higher. 
As the coffee retailer navigates both economic pressures and labor relations, the technicals suggest the stock is well-positioned for a breakout.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/space/24/09/41008140/intuitive-machines-rockets-240-year-to-date-forms-golden-cross-after-4-8b-nasa-contract">Intuitive Machines Rockets 240% Year-To-Date, Forms Golden Cross After $4.8B NASA Contract</a></li>
</ul>
Image: Shutterstock

Technicals

Restaurants

Signals

BABAF

SBUX

Jim Cramer Calls Starbucks A 'Stimulus Play': Golden Cross Signals Bullish Run Ahead

Semiconductor stocks, led by Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), are trading lower Monday amid reports that Beijing is <a target="_blank" href="https://www.benzinga.com/news/24/09/41082667/heres-why-china-is-urging-its-companies-to-forgo-nvidias-chips" rel="noreferrer noopener">encouraging Chinese firms</a> to focus on domestic artificial intelligence (AI) chips from companies like Cambricon Technologies Corp and&nbsp;Huawei Technologies Co.
The move marks an escalation of geopolitical tensions between China and the U.S.
Nvidia suppliers and rivals including Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), Marvell Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>), Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), ON Semiconductor Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>), STMicroelectronics NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>) are down in pin action with the interconnectivity of the semiconductor ecosystem.
AI server company Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) is also down.
China recently announced plans to slash its key rates to drive growth, shadowing the U.S. move. The countries expect the move to drive discretionary spending, which in turn will drive economic growth.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/09/41084992/nvidia-stock-could-touch-800-by-2030-bgg-executive-predicts-550-upside-driven-by-ai-revolution-a" rel="noreferrer noopener">Nvidia Stock Could Touch $800 By 2030, BGG Executive Predicts 550% Upside Driven By AI Revolution And Web3 Transition</a>
Prior reports indicated that Nvidia <a target="_blank" href="https://www.benzinga.com/government/24/07/39646273/is-nvidia-defying-us-export-controls-whats-going-on" rel="noreferrer noopener">was on track</a> to sell $12 billion of artificial intelligence chips in China in 2024 through the sale of over&nbsp;1 million new H20 chips, with each chip costing $12,000-$13,000.
<a target="_blank" href="https://www.benzinga.com/news/24/09/41066968/microsoft-google-meta-pave-path-to-ai-expansion-nvidia-and-broadcom-set-to-reap-benefits" rel="noreferrer noopener">Meanwhile, U.S. hyperscalers</a>, including Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) and Google parent&nbsp;Alphabet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) remain invested in their AI endeavors, signaling continued demand for Nvidia AI chips.
Chinese hyperscalar Alibaba Group Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) also <a href="https://www.benzinga.com/news/24/09/41089672/whats-going-on-with-alibaba-stock-on-monday" target="_blank" rel="noreferrer noopener">collaborated with Nvidia</a> on autonomous driving experience.
<h2 class="wp-block-heading">AMD Stock Prediction For 2024</h2>
Equity research can be a valuable source of information for learning about a company's fundamentals. Analysts create financial models based on the fundamentals and expected future earnings of a company to arrive at a price target and recommendation for the stock.
Shares of Advanced Micro Devices have an average 1-year price target of $196.27, representing an expected upside of 19.42%.
Because of differences in assumptions, analysts can arrive at very different price targets and recommendations. No analysts have bearish recommendations on Advanced Micro Devices, while 13 analysts have bullish ratings. The street high price target from Rosenblatt is $250.0, while the street low from Truist Securities is $156.0.
Price Action: NVDA stock is down 2.65% at $118.18 premarket at the last check on Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40980388/amd-chief-predicts-custom-chips-will-outperform-gpus-sees-shift-in-ai-chip-demand-report" target="_blank" rel="noreferrer noopener">AMD Chief Predicts Custom Chips Will Outperform GPUs, Sees Shift in AI Chip Demand: Report</a></li>
</ul>
Photo: Nazrul Iznan via Shuttestock

Government

Regulations

Tech

AVGO

GOOG

GOOGL

INTC

MRVL

MSFT

SMCI

What's Going On With Chip Stocks Like Nvidia, Taiwan Semi And AMD on Monday?

WIIM

ATAT

BZUN

CAAS

CLEU

DADA

New Oriental Education & Technology Group

FANH

FUTU

KNDI

KXIN

MSCI

NTES

TOUR

YUMC

ZCMD

ZLAB

Shares of US-listed Chinese companies are trading higher on continued strength amid stimulus efforts. September PMI data beat estimates but factory activity fell, which may raise stimulus hopes.

Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), also known as China&#8217;s tech barometer, continued to trade higher on Monday as China shared its <a target="_blank" href="https://www.benzinga.com/government/24/09/41065178/whats-going-on-with-chinese-ev-stocks-nio-xpeng-zeekr-on-friday" rel="noreferrer noopener">stimulus plans last week</a>.
China&#8217;s central bank&nbsp;plans to cut banks&#8217; reserve requirement ratio (RRR) by 50 basis points or half a percentage point. It also plans to lower the seven-day reverse repurchase rate to 1.5% from 1.7%.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/09/41045187/alibaba-follows-amazon-and-walmart-pours-5-7b-into-holiday-sales-push" rel="noreferrer noopener">Alibaba Follows Amazon And Walmart, Pours $5.7B Into Holiday Sales Push</a>
Shawn Yang of Arete Research <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3280270/alibaba-looks-course-turnaround-amid-renewed-investor-frenzy-chinese-stocks" rel="noreferrer noopener">told</a> SCMP that he expects Alibaba, China&#8217;s leading e-commerce stock, to be the prime beneficiary of the stimulus.
As per Yang, Alibaba&#8217;s cloud services&nbsp;and international expansion further enhance its position. Recent reports indicated that Alibaba is collaborating with Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to boost the&nbsp;<a target="_blank" href="https://www.benzinga.com/government/24/09/41023040/nvidia-xpeng-join-alibabas-apsara-conference-to-showcase-ai-tech-advancements" rel="noreferrer noopener">autonomous driving&nbsp;experience</a> of Chinese smart vehicle companies like Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>). Alibaba also partnered with XPeng Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>).
Appaloosa Management founder David Tepper ramped up exposure to China through Alibaba, JD.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>),&nbsp;Baidu&nbsp;Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and PDD Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), as per a CNBC <a target="_blank" href="https://www.scmp.com/tech/big-tech/article/3280270/alibaba-looks-course-turnaround-amid-renewed-investor-frenzy-chinese-stocks" rel="noreferrer noopener">interview</a>. JD.com, Baidu, and PDD stocks are also trading up on Monday.
Last week, &nbsp;Alibaba and JD.com <a target="_blank" href="https://www.benzinga.com/markets/asia/24/09/41066338/alibaba-jd-com-strike-deal-to-open-ecosystems-amid-slowing-growth-and-chinas-antitrust-pressure" rel="noreferrer noopener">opened their walled gardens</a> to combat the slowdown in demand. Taobao and Tmall platforms integrated JD.com&#8217;s logistics services.
JD.com agreed to leverage Alibaba&#8217;s logistics network Cainiao Global Express and Cainiao Stations and added Alipay, Alibaba&#8217;s fintech arm, as a payment option.
Alibaba stock gained 20% in the last 5 days. Investors can gain exposure to the stock through Avantis Emerging Markets Equity ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVEM#NYSE">AVEM</a>) and Global X Artificial Intelligence &amp; Technology ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIQ#NASDAQ">AIQ</a>).
Price Action: BABA stock is up 4.16% at $111.79 premarket at the last check Monday.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/24/09/41073117/apples-reviews-strategy-cuts-film-budgets-after-blockbuster-spend-whats-next-for-apple-tv" target="_blank" rel="noreferrer noopener">Apple&#8217;s Reviews Strategy, Cuts Film Budgets After Blockbuster Spend &#8211; What&#8217;s Next for Apple TV+?</a></li>
</ul>
Image by zhu difeng on Shutterstock

Emerging Markets

Media

AVEM

What's Going On With Alibaba Stock On Monday?

China has gone all out to stimulate the domestic economy and a slew of measures the government and the central bank proposed has kickstarted a<a href="https://www.benzinga.com/markets/asia/24/09/41084907/japans-nikkei-plummets-over-2-000-points-amid-change-of-guard-while-chinese-market-extends-stimulus"> strong rally in the domestic stock market.</a> CNBC Mad Money host Jim Cramer weighed in on the development and recommended a few stocks that could be potential beneficiaries.
What Happened: &#8220;The Chinese are, once again, stimulating and everyone&#8217;s back,&#8221; said Cramer in a post on X, formerly Twitter. He also recommended Apple, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) and Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) for those looking for stimulus plays.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Back in action after some nice time off and i see that the Chinese are, once again, stimulating and everyone&#39;s back&#8230; Perfect&#8230;.Sorry to be so cynical. But if you want stimulus plays: BABA, AAPL and SBUX will do
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1840670203350270232?ref_src=twsrc%5Etfw">September 30, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
In a separate post, Cramer said he would love for China to set up a stock stabilization fund and use it to cushion any downside in stocks.
On Monday, the Chinese Shanghai Composite Index settled 8.06% higher 3,336.50 after Caixin manufacturing and services sector purchasing managers&#8217; indices disappointed to the downside. The index has gained nearly 22% since Sept. 20 and is up about a little over 12% for the year.
The People&#8217;s Bank of China announced last week it will in the near future cut the reserve requirement ratio, which is the amount of cash banks must hold as reserves, by 50 basis points freeing up about 1 trillion yuan ($142 billion) for new lending, Reuters reported.
The central bank hinted at the possibility of reducing it by an incremental 0.25-0.50% points. The PBoC also said it would lower the seven-day repo rate by 0.2 points, the interest rate on a medium-term lending facility by about 30 basis points and loan prime rates by 20-25 basis points.
See Also: <a href="https://www.benzinga.com/money/best-chinese-stocks">Best Chinese Stocks</a>
Why It&#8217;s Important: For Apple, China is a key market both from the perspective of supply and demand. Cupertino counts China as its major manufacturing base despite its efforts to diversify its production base. China is also a key market for the company&#8217;s consumer electronics products, specifically its iPhone, and its services business. Of late, <a href="https://www.benzinga.com/news/24/09/40823119/china-is-eating-apples-lunch-where-smartphone-maker-ranks-vs-asian-competitors">Apple has been stymied by domestic competition </a>that is flooding the market with cheaper smartphones. Huawei has re-emerged as a key rival for Apple in the Chinese smartphone market.
Coffee chain retailer Starbucks has a strong presence in China. The weakening of economic fundamentals in China has impacted the company&#8217;s sales in recent quarters. In the June quarter, Starbucks&#8217; same-store sales in China fell 14% compared to a more modest 2% drop in the U.S.
Alibaba&#8217;s fortunes are closely tied to the Chinese economy as it generates the bulk of its e-commerce sales from China.
Apart from Cramer&#8217;s recommendation, a Chinese economic revival may also bode well for commodity and energy stocks and those multinational corporations have a big presence in the country such as Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
The iShares MSCI China ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCHI#NYSE">MCHI</a>) rallied 3.35% to $52.70 in premarket trading on Monday, according to <a href="https://benzinga.grsm.io/register174">Benzinga Pro data.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/opinion/24/09/41053956/a-win-either-way-trade-on-chinas-new-stimulus-package">A &#8220;Win-Either-Way&#8221; Trade On China&#8217;s New Stimulus Package</a></li>
</ul>
Photo by s_bukley on Shutterstock

MCHI

Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy

U.S. stocks appear on track to start the new week on the back foot, with index futures modestly lower early Monday. As the S&amp;P 500 trades slightly shy of its record high, traders may show reluctance to add to their positions, especially ahead of the week&#8217;s labor market data. Regional manufacturing activity data and speeches by Federal Reserve officials, including one from Chair<a href="https://www.benzinga.com/news/24/09/41085958/fed-chair-jerome-powell-set-to-speak-as-economists-raise-concerns-over-risks-arising-from-potential"> Jerome Powell</a>, could also have a bearing on the trading direction.
Sentiment may be marred by the looming strike by the International Longshoremen&#8217;s Association that is expected to stall activity in ports from New England to Texas, potentially crippling supply chains. In a note to clients, fund manager Louis Navellier said, &#8220;Even a two-week Longshoreman strike would disrupt holiday sales and supply chains for drugs and other essential products.&#8221;
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.10%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.05%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.08%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.53%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Monday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) eased 0.03% to $571.29 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.04% to $486.55, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Week:
U.S. stocks rose for a third straight week as traders bet on the continuation of the rally into the fourth quarter as the Fed delivers on its promise. The Chinese efforts to stimulate the economy set in motion buying in China-exposed stocks, while positive reaction to Micron Technology, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) earnings boosted the tech space.
The Dow Industrials finished the week at fresh intraday and closing highs, while the S&amp;P 500 settled just shy of its all-time highs.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Weekly Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.95%</td>
<td>18,119.59</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.63%</td>
<td>5,738.17</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.59%</td>
<td>42,313.00</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.14%</td>
<td>2,224.70</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
The solid September gains bring both good and bad news for the market, according to Carson Group Chief Investment Strategist Ryan Detrick. The S&amp;P 500 Index is close to clocking gains of 20% year-to-date heading into October for the first time since 1997, the strategist said. When this had happened in the past, the index was down seven of the nine times. Despite the October weakness, the fourth quarter returned 4.1% on average in these years, he added.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">S&amp;P 500 with a shot at being up 20% YTD heading into October for the first time since 1997. That&#39;s the good news. The bad news? Oct lower 7 of 9 times that&#39;s happened. Still, Q4 with a solid median return of 4.1% when all is said and done says don&#39;t lose faith now. <a href="https://t.co/rkD3uXVGGo">pic.twitter.com/rkD3uXVGGo</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1840412404498272554?ref_src=twsrc%5Etfw">September 29, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
<figcaption class="wp-element-caption">Tech bull Daniel Ives is very optimistic about the tech stocks continuing to shine. &#8220;We believe the stage is set for tech stocks to move 10%+ higher into year-end and another 20% in 2025 with this tech bull market just hitting its next phase led by the AI Revolution,&#8221; he said. The overall AI infrastructure market opportunity could grow ten times from presently through 2027, he said.</figcaption></figure>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures </a>
Upcoming Economic Data:
A quartet of employment reports, including the non-farm payrolls data for September, ADP private payrolls data, the August Job Openings and Labor Turnover survey data and the weekly jobless claims, are among the key data releases for the week. Traders may also focus on a few private sector activity reports scheduled for the week.
<ul>
<li>On Monday Federal Reserve Governor Michelle Bowman is scheduled to speak at 8:50 a.m. EDT.</li>
<li>ISM-Chicago is due to release the results of its regional manufacturing survey at 9:45 a.m. EDT. The Chicago business barometer is expected to show a reading of 45.3 for September, down from 46.1 in August, suggesting a faster rate of contraction.</li>
<li>The Treasury will auction three- and six-month bills at 11:30 a.m. EDT.</li>
<li>Powell will address the National Association for Business Economics,&nbsp;in Nashville, Tennessee, at 1:55 p.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Carnival Corporation &amp; plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCL#NYSE">CCL</a>) is scheduled to <a href="https://www.benzinga.com/calendars/earnings">announce its quarterly results ahead of the market opening.</a></li>
<li>Crypto-linked stocks pulled amid the softness seen in digital currencies. MicroStrategy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) fell over 5.70% and 4.40%, respectively, <a href="https://www.benzinga.com/premarket">in premarket trading</a>.</li>
<li>Chinese EV startup Nio, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) climbed over 13% after the company announced additional financing from strategic investors. The shares also reacted to the optimism regarding China&#8217;s stimulus measures. Peers XPeng, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) and Li Auto, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) rose over 8.40% and 7.50%, respectively.</li>
<li>Other U.S.-listed Chinese stocks such as Alibaba Group Holding Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) and Baidu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) also rallied.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell modestly and traded under $68, while gold futures, though trading off the record highs, are modestly higher. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) slipped over 3% over the past 24 hours and traded around $63.6K. The yield on the 10-year Treasury edged up slightly to 3.779%.
The major Asian markets closed on a mixed note, with the Japanese market plunging 4.80% as 67-year-old&nbsp;Shigeru Ishiba is all set to take over as prime minister after he was elected to lead the Liberal Democratic Party. <a href="https://www.benzinga.com/markets/asia/24/09/41084907/japans-nikkei-plummets-over-2-000-points-amid-change-of-guard-while-chinese-market-extends-stimulus">Uncertainty over his fiscal and monetary policies led to the unraveling of bets,</a> reports said. The Indian, South Korean, Taiwanese, Indonesian and New Zealand markets also advanced.
On the other hand, China&#8217;s key market gauge rallied over 8% after domestic private sector activity data came in weaker than expected, raising hopes of additional stimulus measures. The Hong Kong market also rallied strongly, while the Australian and Singaporean markets rose, although by a much more modest magnitude.
Sentiment across the Atlantic is negative, with most major markets in Europe trading firmly in the red in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/41086120/us-market-soars-after-fed-rate-cut-but-chartist-warns-of-potential-stock-plunge-citing-this-clas">US Market Soars After Fed Rate Cut, But Chartist Warns Of Potential Stock Plunge Citing This Classic Sell Signal</a></li>
</ul>
Image Via Shutterstock

Equities

Futures

Previews

$BTC

COIN

MSTR

US Stocks Set For Flattish Start As Traders Eye Job Data, Jerome Powell Speech And Looming Dock Workers' Strike: Top Analyst Says 'Stage Is Set' For Tech Stocks To Move Higher

Last week, China's central bank&nbsp;shared plans to cut banks' reserve requirement ratio (RRR) by 50 basis points or half a percentage point, boosting US-listed Chinese companies' <a target="_blank" href="https://www.benzinga.com//node/41065178" rel="noreferrer noopener">stocks&nbsp;across sectors</a>.
These ten large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol>
<li>JD.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) shares rocketed 39.75% after the People's Bank of China announced a reduction in the amount of cash banks need to hold and outlined plans <a href="https://www.benzinga.com//node/41062614" target="_blank" rel="noreferrer noopener">to support the struggling property market</a>.</li>
<li>KE Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BEKE#NYSE">BEKE</a>) stock jumped 39.18% following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.</li>
<li>PDD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) shares upped 35.52%, probably following a report suggesting that China will issue up to&nbsp;$284 billion&nbsp;in <a href="https://www.benzinga.com//node/41026720" target="_blank" rel="noreferrer noopener">sovereign debt as part of a stimulus</a>.</li>
<li>Liberty Broadband Corporation's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LBRDA#NASDAQ">LBRDA</a>) stock increased 31.74% after the company announced it had communicated a counterproposal to the special committee of the board of directors of&nbsp;<a href="https://www.benzinga.com//node/41015233" target="_blank" rel="noreferrer noopener">Charter Communications, Inc.</a><a href="https://www.benzinga.com//node/41015233" target="_blank" rel="noreferrer noopener"> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>)</a>.&nbsp;</li>
<li>Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) stock upped 27.64% on China's stimulus.</li>
<li>H World Group Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) stock upped 26.43% on pin action in Chinese stocks.</li>
<li>Trip.com Group Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>) stock gained 26.02% in the last week on pin action in Chinese stocks.</li>
<li>Nio Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) gained 23.48% last week, joining the rally in Chinese stocks, which was boosted by the government stimulus plans.</li>
<li>Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) stock upped 22.47% following Morgan Stanley's upgrade from Equal-Weight to Overweight <a href="https://www.benzinga.com/quote/WYNN/analyst-ratings" target="_blank" rel="noreferrer noopener">and raising the price target</a> from $97 to $104.</li>
<li>Baidu Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) gained 21.95% by joining the rally in Chinese stocks, which got a boost from the government stimulus plans.</li>
</ol>
Alibaba Group Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and Li Auto Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LI#NASDAQ">LI</a>) also joined the Chinese stock rally last week, each gaining over 20%.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/news/large-cap/24/09/41082509/regeneron-pharma-super-micro-computer-and-global-payments-are-among-top-10-large-cap-losers-last-w">Regeneron Pharma, Super Micro Computer And Global Payments Are Among Top 10 Large Cap Losers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?</a></li>
</ul>
Photo by Eric Prouzet on Unsplash

Large Cap

CHTR

HTHT

LBRDA

TCOM

WYNN

Chinese Stocks Dominate - JD.com And Temu Parent PDD Are Among Top 10 Large Cap Gainers Last Week (Sept 23-Sept 27): Are The Others In Your Portfolio?

The Federal Reserve's preferred measure of inflation, the personal consumption expenditures index, grew less than economists expected in August at 2.2% <a href="https://www.benzinga.com/news/econ-s/24/09/41066122/feds-preferred-inflation-gauge-comes-in-below-expectations-for-august-easing-concerns-about-rising-p">year-over-year</a>. The data comes on the heels of the Federal Reserve's 0.5% interest rate cut issued Sept. 18, the first in <a href="https://www.benzinga.com/economics/macro-economic-events/24/09/40926026/federal-reserve-delivers-bold-0-5-rate-cut-signals-further-easing-ahead">more than four years</a>.&nbsp;
The inflation data supports another 0.5% interest rate cut in November, RSM US LLP Chief Economist Joseph Brusuelas said in a Friday tweet. "This is what an economic expansion looks like at full employment," <a href="https://www.benzinga.com/news/24/09/41068393/inflation-decline-strengthens-confidence-in-feds-interest-rate-cut-if-you-were-second-guessing-the-f">he said</a>.&nbsp;
The S&amp;P 500 traded at all-time highs above the 5,700 level <a href="https://www.benzinga.com/markets/equities/24/09/41029448/s-p-500-hits-all-time-highs-nasdaq-100-tops-20k-ahead-of-key-economic-data-whats-driving-markets">this week</a>.
<h1 class="wp-block-heading">Brainard Touts China EV Ban In Detroit</h1>
Lael Brainard, the director of the National Economic Council and a former Federal Reserve board member, spoke in favor of the Biden administration's proposed ban on Chinese electric vehicles Monday at the Detroit Economic Club, the same day <a href="https://www.benzinga.com/markets/asia/24/09/40981254/chinese-vehicle-tech-faces-biden-administration-ban-over-national-security-concerns-china-ev-stocks">details of the proposal</a> were released. The U.S. Commerce Department aims to block the import and sale of Chinese-made vehicles with key communications and automated driving systems on the basis of national security concerns. Additionally, a 100% tariff on Chinese electric vehicles imposed by the Biden administration took effect Friday. 
"We will not allow cars driving on U.S. roads if they are using Chinese software and hardware systems," Brainard <a href="https://www.benzinga.com/markets/asia/24/09/40987608/biggest-risk-for-us-autos-biden-advisor-outlines-steps-to-counter-chinese-influence-on-the-industry">told the DEC</a>. "We think this is very important from a national security point of view."
<h1 class="wp-block-heading">Meta Platforms Dives Deeper Into AI, Virtual Reality</h1>
Facebook parent company Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) announced its latest Quest 3S virtual reality headset at the Meta Connect 2024 conference Wednesday along with updates to its Llama artificial intelligence platform and Ray-Ban smart glasses. CEO Mark Zuckerberg introduced a prototype for Orion, Meta's holographic <a href="https://www.benzinga.com/news/24/09/41032461/meta-unveils-new-ai-features-quest-3s-llama-3-2-holographic-orion-glasses-at-connect-2024-we-are-get">augmented reality glasses</a>. 
"This isn't passthrough. This is the physical world with holograms laid on it," Zuckerberg said.
<h1 class="wp-block-heading">China's Stimulus Triggers Stock Rally</h1>
The People's Bank of China announced <a href="https://www.benzinga.com/markets/asia/24/09/41003814/chinese-stocks-jump-as-central-bank-unveils-major-stimulus-to-spur-economy-a-step-in-the-right-direc">stimulus measures this week</a> that will inject approximately $140 billion (1 trillion yuan) in liquidity into the country's banking system as well as a reduction in the mortgage rate, sending U.S.-traded China stocks and ETFs such as e-commerce giant Alibaba Group Holding Ltd &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and electric vehicle manufacturer Nio Inc &#8211; ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>) higher. 
Billionaire hedge fund manager David Tepper told CNBC's "Squawk Box" that he's building <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/09/41050711/stocks-rise-as-china-signals-more-stimulus-billionaire-david-tepper-bets-big-on-everythi">positions in Chinese stocks</a>. "I didn't know that they were going to bring out the big guns," Tepper of the country's stimulus plans.&nbsp;
<h1 class="wp-block-heading">Bernie Sanders Blasts Ozempic Cost</h1>
Novo Nordisk A/S (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) CEO Lars Jorgensen faced questions from the Senate Health, Education, Labor and Pensions Committee Tuesday about the high prices of the drugs Ozempic and Wegovy. 
Wegovy, the weight loss version of diabetes drug Ozempic, costs $1,349 monthly in the U.S. versus $186 in Denmark, $140 in Germany and $92 in the U.K., according to the committee.
"You're making huge amounts of money in this country and you're charging us far more and you haven't given me an answer as to why," Sen. Bernie Sanders, the committee's chair, said to Jorgensen during the hearing.
The CEO said: "Anything that will help patients get access to affordable medicine, we'll be happy to look into."
Photo: Shutterstock.

Latest Inflation Data Cements Fed's Interest Rate Call, S&P 500 Hits All-Time High, Biden Adviser Backs China EV Ban At Detroit Economic Club: This Week In The Markets

Even though the Chinese stock market has been scrutinized extensively in the past couple of years, some investors have begun to realize that there is much more upside than apparent risk for Asia&#39;s powerhouse. China&#39;s technology sector has the lowest valuation in history compared to its American counterpart.
Measured through the KraneShares CSI China Internet ETF (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kweb#NYSE">KWEB</a>), names in this space now trade at steep discounts against peers like Alphabet Inc. and even Amazon.com Inc.. While discounted stocks might not look attractive to some investors based on their price action, others recognize the value to be had in them.
This is why stocks like Alibaba Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>), Baidu Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/bidu#NASDAQ">BIDU</a>), and the overall iShares MSCI China ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mchi#NASDAQ">MCHI</a>) have delivered shareholders a significant rally this week, one of the best performances since the few months after the COVID-19 pandemic. Retail investors can also feel a bit safer because some of Wall Street&#39;s favorite investors have also given these companies a chance to make billions.
<h2>Chinese Government Interventions Improve the Risk-Reward Balance for Investors</h2>
Recently, the Federal Reserve (the Fed) in the United States decided to lower interest rates by half a percent, or 50 basis points. The Chinese economy has been criticized long enough for its slowdown and contractions, so the government has also decided to cut rates by the same amount.
The difference is that the Chinese ETF trades at only 47% of the high prices it made in early 2021, while the technology-focused NASDAQ 100 index trades at 96% of its 52-week high now. This means that the potential reward is much bigger in China than the pullback the U.S. technology space could make after these runs.
Stanley Druckenmiller decided to sell out of NVIDIA Co. after realizing the potential upside was no longer that attractive; it is no surprise to see his former mentor and boss George Soros initiate a&nbsp;$73.4 million position in Alibaba.
As lower rates start to spread through the Chinese economy, the consumer discretionary sector and rate-dependent technology companies will probably see the benefits first, so they have become the top choice for other mega investors as well.
<h2>Who&#39;s Buying Chinese Stocks Now and What They&#39;re Adding to Their Portfolios</h2>
Some investors would recognize him for predicting the 2008 financial crisis, but Michael Burry has now made Alibaba his top holding. After buying it for the better part of 2024, Burry&#39;s portfolio is now reported to hold up to 155,000 shares valued at roughly $14.8 million today.
The trend doesn&#39;t end there for Burry, as he also chose Baidu as his fourth-largest position, with 75,000 shares valued at approximately $9 million. Coming right after Baidu, Burry chose JD.com Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jd#NASDAQ">JD</a>) to be his fifth-largest position, with 250,000 shares carrying a value of $8.3 million today.
Those names are the common choice among investors today. David Tepper has recently deviated from his typical picks in the financial and technology sector to pick on Chinese stocks. For Tepper, his fund bought up to 10,500,000 shares for an approximate value of just over $1 billion in the portfolio.
Considering that Alibaba trades at less than a third of the $316 a share high it made after COVID-19, it makes sense for these investors to look at the potential risk-to-reward ratios and decide if it is worth taking a risk on Chinese stocks.
<h2>Wall Street&#39;s Latest Take on Alibaba and Baidu: Key Insights for Investors</h2>
Starting with Alibaba, analysts now justify a consensus price target of $107.6 a share on the stock, calling for 12.7% upside from where it trades today. However, those at Susquehanna decided to go above and beyond the consensus and place a $130 valuation on Alibaba, implying it could run by a much bigger 35.4% from today&#39;s price.
When it comes to Baidu, the stock trades at only 68% of its 52-week high to offer enough potential upside to consider it. This is why analysts at Citigroup see a potential case for the stock to trade as high as $155 a share, daring the stock to stage a massive 64.8% rally from where it has traded down to today.
Here are other insights for investors to consider: Alibaba&#39;s main competitor could be assumed to be Amazon, which is why the Chinese giant&#39;s 25.1x P/E ratio means a significant discount to Amazon&#39;s 46.0x valuation today. For Baidu, competition can only arguably be found in shares of Google.
Baidu&#39;s 12.4x P/E valuation would also offer investors a steep discount compared to Google&#39;s valuation of 23.3x P/E today, despite a recent selloff in that stock. When it comes to upside and diminished risk, investors all over are finding Chinese stocks to be the winners; maybe retail investors should, too.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/chinese-tech-stocks-rally-whats-behind-it-and-next-steps/">China&#39;s Tech Stocks Surge: What Top Investors Know That You Don&#39;t</a>&quot; first appeared on MarketBeat.

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KWEB

China's Tech Stocks Surge: What Top Investors Know That You Don't

In the current session, the stock is trading at $108.33, after a 3.10% increase. Over the past month, Alibaba Gr Hldgs Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) stock increased by 29.97%, and in the past year, by 25.18%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued.

<img src="https://www.benzinga.com/files/images/story/2024/1727460929_0.png" alt="Past Year Chart" />

<h3>Alibaba Gr Hldgs P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Alibaba Gr Hldgs has a better P/E ratio of 26.46 than the aggregate P/E ratio of 25.52 of the Broadline Retail industry. Ideally, one might believe that Alibaba Gr Hldgs Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727460929_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

P/E Ratio Insights for Alibaba Gr Hldgs

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$257.50</td>
<td>$43.0K</td>
<td>10.4K</td>
<td>98.1K</td>
</tr>
<tr>
<td>AMZN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$190.00</td>
<td>$117.6K</td>
<td>6.4K</td>
<td>15.5K</td>
</tr>
<tr>
<td>NIO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$3.00</td>
<td>$115.0K</td>
<td>12.6K</td>
<td>5.0K</td>
</tr>
<tr>
<td>BABA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$95.00</td>
<td>$55.3K</td>
<td>16.2K</td>
<td>4.3K</td>
</tr>
<tr>
<td>RIVN</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>12/18/26</td>
<td>$7.50</td>
<td>$30.0K</td>
<td>548</td>
<td>2.0K</td>
</tr>
<tr>
<td>PDD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$155.00</td>
<td>$31.5K</td>
<td>1.2K</td>
<td>1.9K</td>
</tr>
<tr>
<td>GME</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$21.00</td>
<td>$89.9K</td>
<td>554</td>
<td>1.5K</td>
</tr>
<tr>
<td>TCOM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$65.00</td>
<td>$29.1K</td>
<td>17</td>
<td>268</td>
</tr>
<tr>
<td>YUMC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$47.50</td>
<td>$42.0K</td>
<td>0</td>
<td>170</td>
</tr>
<tr>
<td>ABNB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$130.00</td>
<td>$208.1K</td>
<td>873</td>
<td>109</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 256 contract(s) at a $257.50 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $43.0K, with a price of $169.0 per contract. There were 10491 open contracts at this strike prior to today, and today 98194 contract(s) were bought and sold. 
• Regarding AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on October 4, 2024. Parties traded 700 contract(s) at a $190.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $117.6K, with a price of $168.0 per contract. There were 6410 open contracts at this strike prior to today, and today 15561 contract(s) were bought and sold. 
• For NIO (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NIO#NYSE">NIO</a>), we notice a put option trade that happens to be bullish, expiring in 266 day(s) on June 20, 2025. This event was a transfer of 5000 contract(s) at a $3.00 strike. The total cost received by the writing party (or parties) was $115.0K, with a price of $23.0 per contract. There were 12621 open contracts at this strike prior to today, and today 5003 contract(s) were bought and sold. 
• For BABA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>), we notice a call option sweep that happens to be bullish, expiring in 21 day(s) on October 18, 2024. This event was a transfer of 41 contract(s) at a $95.00 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $55.3K, with a price of $1350.0 per contract. There were 16258 open contracts at this strike prior to today, and today 4335 contract(s) were bought and sold. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a put option trade that happens to be neutral, expiring in 812 day(s) on December 18, 2026. This event was a transfer of 149 contract(s) at a $7.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $202.0 per contract. There were 548 open contracts at this strike prior to today, and today 2073 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a call option sweep that happens to be bearish, expiring in 49 day(s) on November 15, 2024. This event was a transfer of 100 contract(s) at a $155.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $31.5K, with a price of $315.0 per contract. There were 1254 open contracts at this strike prior to today, and today 1950 contract(s) were bought and sold. 
• Regarding GME (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>), we observe a put option trade with bearish sentiment. It expires in 14 day(s) on October 11, 2024. Parties traded 1499 contract(s) at a $21.00 strike. The total cost received by the writing party (or parties) was $89.9K, with a price of $60.0 per contract. There were 554 open contracts at this strike prior to today, and today 1566 contract(s) were bought and sold. 
• Regarding TCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCOM#NASDAQ">TCOM</a>), we observe a call option trade with bearish sentiment. It expires in 49 day(s) on November 15, 2024. Parties traded 110 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $29.1K, with a price of $265.0 per contract. There were 17 open contracts at this strike prior to today, and today 268 contract(s) were bought and sold. 
• Regarding YUMC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>), we observe a put option sweep with bullish sentiment. It expires in 112 day(s) on January 17, 2025. Parties traded 84 contract(s) at a $47.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $42.0K, with a price of $500.0 per contract. There were 0 open contracts at this strike prior to today, and today 170 contract(s) were bought and sold. 
• For ABNB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>), we notice a put option sweep that happens to be bullish, expiring in 476 day(s) on January 16, 2026. This event was a transfer of 109 contract(s) at a $130.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $208.1K, with a price of $1910.0 per contract. There were 873 open contracts at this strike prior to today, and today 109 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ABNB

AMZN

RIVN

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Shares of US-listed Chinese companies are trading higher possibly amid continued strength following a report suggesting China will issue up to $284 billion of sovereign debt as part of a stimulus.

In August, the Federal Reserve's preferred inflation gauge, the <a href="https://www.benzinga.com/news/econ-s/24/09/41066122/feds-preferred-inflation-gauge-comes-in-below-expectations-for-august-easing-concerns-about-rising-p">Personal Consumption Expenditures </a>(PCE) Price Index, rose 2.2% year-over-year, coming in below analyst expectations of 2.3%. That&#8217;s down from July's 2.5%.
The core PCE, which excludes volatile food and energy prices, increased by 2.7% year-over-year, matching forecasts and slightly higher than July's 2.6%.
This decline in overall inflation, despite steady core inflation, suggests a potential easing of price pressures, even as costs for services like housing and financial services continue to rise.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/09/41063577/peter-thiel-offloads-over-1b-in-palantir-stock-in-2024-as-stock-more-than-doubles">Peter Thiel Offloads Over $1B In Palantir Stock In 2024 As Stock More Than Doubles</a>
Following Friday&#8217;s PCE report, these 14 stocks showed strong momentum in premarket trading, according <a href="https://pro.benzinga.com/">to Benzinga Pro:</a>
<ul>
<li>Bristol-Myers Squibb Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BMY#NYSE">BMY</a>) rises 3.6% to $51.94.</li>
<li>PPD Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) climbs 3.8% to $134.14.</li>
<li>JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) is up 3.3% to $39.38.</li>
<li>Equinor ASA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQNR#NYSE">EQNR</a>) gains 2.8% to $24.89.</li>
<li>Anheuser-Busch InBev SA/NV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BUD#NYSE">BUD</a>) advances 1.5% to $66.52.</li>
<li>NetEase Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTES#NASDAQ">NTES</a>) lifts 1.7% to $92.69.</li>
<li>Nu Holdings Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>) jumps 1.3% to $14.00.</li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) rockets 1.1% to $257.16.</li>
<li>Alibaba Group Holding Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) moves 0.9% higher to $105.80.</li>
<li>BP p.l.c. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BP#NYSE">BP</a>) ticks up 0.9% to $31.07.</li>
<li>PayPal Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PYPL#NASDAQ">PYPL</a>) soars 1.1% to $81.03.</li>
<li>General Motors Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GM#NYSE">GM</a>) inches up 0.9% to $46.24.</li>
<li>Lennar Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LEN#NYSE">LEN</a>) posts a rise of 1.07% to $185.01.</li>
<li>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) registers a boost of 0.7% to $110.69.</li>
</ul>
Rising costs in services, particularly in housing, financial services, and insurance, were the key drivers of inflation, pushing the overall PCE index higher. While service prices surged, goods prices saw a slight decline, helping to offset some of the inflationary pressure. Meanwhile, falling energy prices, especially gasoline, provided additional relief compared to previous periods of stronger inflationary impact from energy.
Food prices increased modestly, primarily in off-premises consumption like groceries, but their effect on inflation was smaller compared to services. 
Core inflation, which excludes food and energy, remained steady due to ongoing price increases in durable goods and essential services. Despite minor declines in goods prices, rising service costs <a href="https://www.benzinga.com/topic/inflation">kept core inflation elevated</a>.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/asia/24/09/41066338/alibaba-jd-com-strike-deal-to-open-ecosystems-amid-slowing-growth-and-chinas-antitrust-pressure">Alibaba, JD.com Strike Deal To Open Ecosystems Amid Slowing Growth And China&#8217;s Antitrust Pressure</a></li>
</ul>
Photo: Shutterstock.

Econ #s

EQNR

PYPL

14 Stocks Gain Momentum As August Inflation Comes In Below Expectations

<ul>
<li>NVDA</li>
<li>SMCI</li>
<li>TSLA</li>
<li>MADE</li>
<li>WAY</li>
<li>BABA</li>
<li>BB</li>
<li>INTC</li>
<li>AI</li>
<li>ASTS</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

ASTS

Top 10 Trending Stocks On WallStreetBets As Of September 27, 2024 (Via Swaggy Stocks)

Ahead of the Double Eleven shopping festival, Chinese e-commerce titans Alibaba Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) and JD.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) have decided to integrate their ecosystems to combat slowing user growth and increased regulatory scrutiny.
What Happened: Chinese e-commerce giants Alibaba Group and JD.com have agreed to open their ecosystems to each other. The deal comes as both companies face slowing user growth and increased antitrust scrutiny from Beijing, Nikkei Asia <a href="https://asia.nikkei.com/Business/Retail/Alibaba-and-JD.com-to-lower-barriers-on-payments-and-logistics">reported</a> on Friday.
The agreement will see Alibaba&#8217;s Taobao and Tmall platforms integrate JD.com&#8217;s logistics services. Meanwhile, JD.com will add Alipay, Alibaba&#8217;s fintech arm, as a payment option. This move aligns with Beijing&#8217;s antitrust directives, sources told Nikkei Asia.
Additionally, JD.com will utilize Cainiao Global Express and Cainiao Stations, which are part of Alibaba&#8217;s logistics network. The integration is set to begin in late October, just ahead of the Double Eleven shopping festival.
Currently, JD.com prioritizes JD Pay, UnionPay, and WeChat Pay for transactions. The inclusion of Alipay is expected to enhance payment flexibility for users.
In a separate initiative, Taobao Hong Kong will launch a three-month promotion starting Oct. 1. Orders over 99 yuan will have waived delivery fees, and new users will receive a 300-yuan coupon, according to David Ye, General Manager of Taobao Tmall World.
See Also: <a href="https://www.benzinga.com/news/24/09/41034882/billionaire-tech-ceo-makes-cameo-in-zuckerbergs-meta-connect-show?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Meta Unveils Zuckerberg&#8217;s 10-Year Vision With Orion Glasses, Nvidia's Jensen Huang Rocks Them</a>
Why It Matters: The collaboration between Alibaba and JD.com is significant in the context of their recent competitive maneuvers and regulatory challenges. Earlier this year, both companies e<a href="https://www.benzinga.com/news/24/03/37453606/alibaba-and-jd-com-engage-in-aggressive-price-cutting-intensifying-cloud-services-competition">ngaged in aggressive price cutting </a>in the cloud computing sector, slashing prices by up to 55% on over 100 services to regain market share. 
Moreover, the Chinese government has been ramping up antitrust scrutiny on major tech companies, pushing them to open their ecosystems and reduce monopolistic practices. This collaboration aligns with these regulatory directives, aiming to foster a more competitive and open market environment.
Additionally, both Alibaba and JD.com have seen positive market reactions on Friday <a href="https://www.benzinga.com/markets/equities/24/09/41062614/alibaba-jd-shares-riding-high-in-friday-pre-market-whats-going-on">following economic stimulus measures</a> announced by China&#8217;s central bank. The People&#8217;s Bank of China recently reduced the amount of cash banks need to hold and outlined plans to support the struggling property market, boosting investor confidence. As a result, Alibaba&#8217;s shares rose by 2.17%, while JD.com&#8217;s shares increased by 4.90%.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/09/40999352/steve-jobs-and-steve-wozniak-once-pranked-the-pope-by-pretending-to-be-henry-kissinger-im-just-calli?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Steve Jobs And Steve Wozniak Once Pranked The Pope By Pretending To Be Henry Kissinger: &#8216;I&#8217;m Just Calling To Make A Confession,&#8217; Said One Apple Co-Founder</a></li>
</ul>
Image via Shutterstock
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Pooja-Rajkumari" target="_blank" rel="noreferrer noopener">Pooja Rajkumari</a>

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