Stock futures about flat following a 400-point rally on the Dow

Alibaba’s Hong Kong shares rose 4% on earnings

Ali Baba The market is set to report first-quarter earnings before the start of the fiscal year and analysts expect the Chinese e-commerce giant to It posted its first revenue decline.

Alibaba reported revenue of 203.19 billion yuan ($30 billion) in the June quarter, down 1.2% from a year ago, according to consensus estimates from Refinitiv.

Alibaba has been reeling from a tough regulatory environment in China to the resurgence of Covid in the world’s second-largest economy, leading to lockdowns in major cities. Those factors will hit the Chinese economy, reduce advertising budgets and consumer spending, and affect Alibaba’s June quarter results.

However, analysts expect the company to return to growth in the coming quarters. Alibaba’s Hong Kong-listed shares were up 4% on earnings.

– Arjun Karpal

Jim Cramer says the charts point to a rally in gold

CNBC’s Jim Cramer said Now is a good time to buy gold According to analysis by commodity trader Larry Williams, the signs point to a rally.

The “Crazy money“The host explained Williams’ analysis by looking at gold’s weekly action since 2014 and data on small speculators’ positions on gold from the Commodity Futures Trading Commission’s Traders’ Commitments Report.

According to Williams, gold prices typically peak when small speculators are bullish on the precious metal, and bottom out when small speculators are too bullish.

“Charts illustrated by the legendary Larry Williams suggest that the public is giving up gold in droves, and he thinks this is the perfect entry time to make some purchases,” Cramer said.

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– Abigail Ng, Crystal Hur

Here’s how to invest for yield to beat a bad year for stocks and bonds — according to the pros

Stocks are volatile, and bonds have underperformed for most of the year, with US investment-grade bonds falling in 2022.

But analysts have recently been bullish on income investing as yields begin to rise again.

Here are some positive ways investors can diversify their portfolios and hedge against market volatility and earn higher yields as inflation continues to rise. Pro subscribers can read the story here.

– Weissen Don

Fortinet shares fell

Fortinet shares fell more than 9% in extended trading after the cybersecurity company reported its quarterly results that included free cash flow of $283.5 million, compared with FactSet estimates of $337.2 million. Services revenue also missed estimates.

Other cybersecurity stocks also fell after hours. CrowdStrike fell 1% and Palo Alto Networks lost more than 1%.

– Tanaya Machil

Walmart’s layoffs come a week after its profit warning

Walmart has it The company started laying off employees A week after the retail company It cut its profit outlook and warned of a slowdown in consumer discretionary spending due to inflation. In a statement to CNBC, the company described the layoffs as a way to “better position the company for a strong future.” Shares were down less than 1% after hours.

– Tanaya Machil

Lucid shares fell nearly 12%

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