I have been wrong on Alibaba (NYSE:BABA) thus far. I kept expecting the “Dogs of the Dow” theory to come into play, where underperforming, high-quality tech stocks would fetch a bid. For BABA stock — and others, like Amazon (NASDAQ:AMZN) until very recently — that hasn’t panned out too well.
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Unlike Alibaba though, at least Amazon is treading water. It even ran to all-time highs ahead of the post-earnings pullback we’re seeing now.
Alibaba’s issues are not problems....More>>>
It has been more than a week since General Electric (NYSE:GE) announced that it had replaced its now-former CEO, John Flannery. GE stock surged nearly 20% in the wake of the announcement before retreating with the rest of the market The dust has yet to fully settle, though, as investors continue weighing the upside of a highly-motivated, new CEO against the plausible reality that fixing GE still won’t be quick, easy or pretty.
Nevertheless, it is increasingly clear what new CEO Larry Culp will have to do.
The $64,000 question is, can he do it? Most onlookers think that the....More>>>