BABA News & Events

Mixed options sentiment in Alibaba (BABA), with shares down $4.89 near $131.53. Options volume roughly in line with average with 67k contracts traded and calls leading puts for a put/call ratio of 0.27, compared to a typical level near 0.55. Implied volatility (IV30) dropped 1.53 near 43.44,and below the 52wk median, suggesting an expected daily move of $3.60. Put-call skew flattened, suggesting a modestly bullish tone.

The major averages were a bit lower near noon as investors continue to digest the latest round of corporate earnings reports as well as developments in the Middle East. Post-print declines from major players such as Tesla and IBM were counteracted by sharp gains from companies like Texas Instruments and American Airlines.Meanwhile, relations between the U.S. and Iran continue to be tense, as a lack of commitment from Iran reportedly led to U.S. Vice President JD Vance halting his trip to Pakistan for peace negotiations. Iran state media also reported that Tehran negotiators wouldn't be present, referring to such discussions with the U.S. as a "waste of time." Additionally, President Trump ordered the U.S. Navy on Thursday to "shoot and kill any boat" laying mines along the Strait of Hormuz after Iran's navy said it seized two container ships in the strait.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Teslareportedand said in a regulatory filing that it agreed to acquire an "AI hardware company" for up to $2B in Tesla common stock and equity awardsIBMreported better-than-expectedTexas Instrumentsreportedand provided upbeat Q2 guidanceServiceNowprovided areport for Q1American Airlinesreportedand cut its FY25 earnings outlook2. WALL STREET CALLS:BofATexas Instrumentsto Buy on improving earnings powerCSXto Underweight at Morgan StanleyMcDonald'sto Neutral at Rothschild & Co RedburnJPMorganAvisto Underweight on "unsustainable valuation"HSBCof Oklowith a Buy rating and $96 price target3. AROUND THE WEB:Voya Financialis facing pressure from activist investor Toms Capital Investment Management, to consider putting itself up for sale or offloading its underperforming health insurer arm, FT saysMicrosoftwill have to face a mass lawsuit alleging it overcharged thousands of British businesses to use its Window Server software on services provided by Amazon, Google, and Alibaba, Reuters reportsAustralia's eSafety Commissioner, the company's internet regulator, asked online gaming platforms, including Robloxand Microsoft'sMinecraft, to specify how they intend to protect children from being groomed and shield younger users from radicalization, Reuters saysSoftBankis seeking a $10B loan secured by its shares in OpenAI, Bloomberg reportsBPshareholders rejected two company resolutions at its annual general meeting, expressing frustration over climate disclosures, with just over a quarter of investors supporting resolution asking BP to explain its oil and gas spending strategy, WSJ says4. MOVERS:Penn Entertainmentgains after, with EPS and revenue beating consensusApplied Digitalincreases afterwith a U.S. based hyperscalerSTMicroelectronicsand Comcasthigher in New York afterSuper Microlower after BlueFin Research said the companywith OracleASGNand KKR Real Estatefall after5. EARNINGS/GUIDANCE:Keurig Dr Pepperand backed its guidance for FY26Thermo Fisher (TMO)for Q2 and raised its outlook for FY26NextEra (NEE)and reaffirmed its guidance for FY26Mobileyewith its CEO commenting that the results "reflected a stronger than expected start to 2026"Pool Corp, with EPS and revenue beating consensusINDEXES:Near midday, the Dow was down 0.18%, or 88.62, to 49,401.41, the Nasdaq was down 0.28%, or 68.12, to 24,589.44, and the S&P 500 was down 0.05%, or 3.42, to 7,134.48.

Microsoft (MSFT) will have to face a mass lawsuit alleging it overcharged thousands of British businesses to use its Window Server software on services provided by Amazon (AMZN), Google (GOOGL), and Alibaba (BABA), Reuters reports. Competition lawyer Maria Luisa Stasi is bringing the case on behalf of 60,000 businesses and her lawyers have said the claim was worth up to $2.8B.

The major averages finished broadly higher following the announcement that the U.S. will extend its ceasefire with Iran indefinitely. Equities advanced in spite of reports of renewed tensions in the Strait of Hormuz, continued disruptions to shipping and oil prices rising.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Boeingreportedearnings and revenueAT&Treportedand reiterated its FY26 earnings guidanceAlibabaand Tencentare in talks to invest in DeepSeek,Elon Musk's SpaceX said it has thelater this year for $60BPalantirand the USDA signed a $300M2. WALL STREET CALLS:Wells FargoAirbnbto Overweight on "significant business inflection"BofATwilioto Buy from UnderperformBiogento Buy at UBSZscalerto Equal Weight at Morgan StanleyBarclaysPrudentialto a sell-equivalent rating amid "too many headwinds"3. AROUND THE WEB:The U.S. Supreme Court unanimously ruled for Michigan officials, finding that Enbridge Energymissed the deadline to move its pipeline dispute into federal court, NY Times reportsGhana's mining regulator has told Newmontand AngloGoldto shift mining operations over to local contractors or face sanctions, Reuters saysInhibrx Biosciences'INBRX-106 cancer drug is drawing interest from Merckand Japan's Ono Pharmaceuticals, Reuters reportsAfter Bloomberg reported yesterday, citing sources, that Deutsche Telekomis considering a full combination with T-Mobile, CNBC's David Faber said his sources call such speculation "way ahead of itself" and that there is "nothing imminent at all" regarding any type of such dealMicronis pushing U.S. lawmakers to pass the "MATCH Act," which would tighten export restrictions on chipmaking equipment used by Chinese semiconductor firms and close gaps in existing controls, Reuters says4. MOVERS:GE Vernovaincreased afterand raising its guidance for FY26Kopinwas higher after being awarded aRogers Communicationsgained in New York after, backing its guidance for FY26, and declaring a C$0.50 per share quarterly dividendSportsradarfell as short shellers are, though the company calls those claims "factually inaccurate"Calixwas lower afterand providing guidance for FY265. EARNINGS/GUIDANCE:NVR, with EPS and revenue missing consensusStifel, with EPS beating consensusMoodyand reaffirmed its guidance for FY26Masco, with CEO Jon Nudi commenting on "strong first quarter operating results in an extremely dynamic environment"Teledyneand raised its guidance for FY26INDEXES:The Dow rose 340.65, or 0.69%, to 49,490.03, the Nasdaq gained 397.60, or 1.64%, to 24,657.57, and the S&P 500 advanced 73.89, or 1.05%, to 7,137.90.