alibaba stock

Morgan Stanley Sees Massive Upside in Alibaba Stock after the Split

Mohit Oberoi

Earlier this week Chinese e-commerce giant Alibaba (NYSE: BABA) said that it would split into six businesses. The stock soared after the announcement and Morgan Stanley sees more upside amid the value unlocking. Alibaba would become a holding company and would split the business into six units. These are The Taobao Tmall Commerce Group, Cainiao…

affirm

Fund Manager Predicts Affirm Would Not Survive 2023 but Analyst Disagrees

Mohit Oberoi

Affirm stock was in freefall last year amid the slump in growth names. Trent Masters, fund manager at Alphinity Investment Management has listed Affirm and Carvana as two stocks that he believes would not survive 2023. The US Federal Reserve raised interest rates multiple times last year. After seven rounds of rate hikes in 2022…

warren buffett

Buffett Continues to Trim Stakes in Financials and Pharma Companies

Berkshire Hathaway has released its first-quarter 13F which shows that chairman Warren Buffett continues to trim stakes in financials and pharma companies. Berkshire Hathaway has not been able to identify compelling investment opportunities and was a net seller of stocks in the first quarter, just like it was in the calendar year 2020. However, the…

Shopify stock

Shopify stock surges as pandemic tailwind keeps lifting revenue

Shopify stock climbed more than 11% in yesterday’s stock trading session after the company beat analysts’ revenue and earnings estimates for the quarter as the tailwinds resulting from the pandemic seem to be enduring for longer than expected. Sales of the e-commerce platform more than doubled those of the same period last year, landing at…

clover health

Why’s Clover Health Stock Rising and Should You Buy Now

Mohit Oberoi

Clover Health stock rose over 20% yesterday and was trading higher in US premarket trading today. Should you buy the stock? The Center for Medicare and Medicaid Innovation has selected Clover Health as one of 53 companies to participate in Medicare and Medicaid’s Global and Professional Direct Contracting Model. The stock rose sharply towards the…