Daddy Issues (BABA Earnings)
Tomorrow morning Alibaba (BABA) is slated to release fourth quarter earnings with a conference call which should begin around 7:30 a.m. ET
The Street expects Q4 EPS of $0.88 (vs $0.63 a year ago) with revenue growth of 67% to $9.37 bln
TECHS:
Shares of BABA haven't found their groove yet currently sit above the 200-day SMA.
After reporting a mixed Q3 on February 1, Alibaba shares would at one point lose 12.1% during the subsequent six sessions
BABA boasts a ~$48 billion market cap and trades at ~34x earnings estimates