RBLX - Wall Street Lunch: Alibaba Leads Heavy Earnings Day
2024-02-07 12:37:00 ET
Summary
- Alibaba ups stock buyback program by $25B but concerns about revenue persist.
- Chipotle Mexican Grill posts results beat, expects rise in total revenue and mid-single-digit sales growth in 2024.
- Traders at J.P. Morgan reverse their cautious call on U.S. stocks; CFRA publishes annual list of Dividend Aristocrats.
Listen below or on the go on Apple Podcasts and Spotify
Alibaba added $25 billion to its stock repurchase program. (0:15) Ford tips a skunkworks EV projec t. (3:54) Tesla may be looking at layoffs . (4:35)
This is an abridged transcript of the podcast.
Our top story so far
Alibaba ( BABA ) added a whopping $25 billion to its buyback program . But that failed to shore up shares in early trading as worries about revenue persisted....
Wall Street Lunch: Alibaba Leads Heavy Earnings Day