Tag: Costco

Alibaba (NYSE:BABA), Costco Wholesale Corporation (NASDAQ:COST) – Alibaba’s Offline/Online Business Models Expand Market Opportunity, Analyst Says

Following the second day of Alibaba Group’s (NYSE: BABA) three-day Investor Day, an analyst at UBS came away bullish on the company’s online and offline business models.

The Alibaba Analyst: Jerry Liu maintained a Buy rating and a $330 price target for Alibaba shares.

The Alibaba Thesis: Significant untapped opportunities exist for Alibaba in multiple online to offline businesses, likely expanding its total addressable market, Liu said. Alibaba’s newer Freshippo formats such as B2C, Mini and Pick & Go, should address more users, use cases and product categories as opposed to the regular Freshippo stores.

Freshippo is testing two more new formats, namely X membership, similar to the Costco Wholesale Corporation (NASDAQ: COST) model, and community group buying, the analyst said, citing reports.

There are still significant unrealized synergies with respect to online food delivery platform Ele.me, which the company acquired in 2018.

“Ele.me can do more to cross sell

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Home sales, Costco earns, durable goods orders

A look at some of the key business events and economic indicators upcoming this week:

U.S. home sales have surged this summer, fueled by ultra-low mortgage rates and competition for a limited supply of properties.

Sales of previously occupied U.S. homes jumped by a record 24.7% in July to a seasonally adjusted annual rate of 5.86 million homes. That was the second straight month of accelerating home purchases. Economists expect the trend continued last month. The National Association of Realtors issues its August home sales tally Tuesday.

Existing home sales, in millions, seasonally adjusted annual rate:


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March 5.27

April 4.33

May 3.91

June 4.70

July 5.86

Aug. (est.) 5.95

Source: FactSet

SPOTLIGHT ON COSTCO

Wall Street expects that Costco Wholesale’s latest quarterly report card will show solid results.

Analysts predict

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