Alibaba – June Earnings

Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary is finding buying support above the recent $190 low.

We expect the earnings picture to improve over the next 12 months as a result of the regulatory impacts subsiding. 

The June result was mixed with strong revenue growth, yet weak free cashflow, relative to the same time last year. We’ll review the September quarter results with interest, looking for an improvement.  

US Earnings – Our Focus

Week 2.

Monday, July 19th: IBM.

Tuesday, July 20th: Travelers, UBS, Philip Morris International United Airlines and Netflix.

Wednesday, July 21st: Verizon, Johnson & Johnson, Coca-Cola, Texas Instruments and Kinder Morgan.

Thursday, July 22nd: AT&T, Dow, Abbott Labs, American Airlines, Intel, Twitter, Snap, VeriSign, Domino’s Pizza, and Las Vegas Sands.

Friday, July 23rd: American Express and Honeywell.

Week 1.

Tuesday, July 13th: PepsiCo, JPMorgan Chase and Goldman Sachs.

Wednesday, July 14th: Bank of America, Citigroup, and Wells Fargo

Thursday, July 15th: Morgan Stanley, Charles Schwab, U.S. Bancorp, Taiwan Semi, UnitedHealth, and Alcoa.

Friday, July 16th: Ericsson and State Street.

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