Here’s Why Traders Are Buzzing About These Five Stocks Today

Alibaba Founder Jack Ma Clarifies Comments

Alibaba Group Holding Ltd (NYSE:BABA) founder Jack Ma wrote an opinion piece in the Wall Street Journal on Wednesday, clarifying that:

“Counterfeit goods are absolutely unacceptable, and brands and their intellectual property must be protected. Alibaba is only interested in supporting those manufacturers who innovate and invest in their own brands. We have zero tolerance for those who rip off other people’s intellectual property.”

Ma had previously said that some counterfeit goods were higher quality and lower price than the legitimate ones. Ma’s earlier comments were somewhat misconstrued out of context by the media, however. A total of 67 funds from our database had a long position in Alibaba Group Holding Ltd (NYSE:BABA) at the end of March.

Fiat Chrysler Speeds Up Software Update

After the recent death of Star Trek actor, Anton Yelchin, Fiat Chrysler Automobiles NV (NYSE:FCAU) is accelerating its recall of 1.1 million vehicles to lower the probability of rollaway risks. Yelchin was killed when his Jeep Grand Cherokee rolled away and hit him. Fiat Chrysler’s fix ‘eliminates the possibility of the driver inadvertently failing to place the transmission into ‘PARK’ prior to exiting the vehicle’. At the end of March, 28 funds tracked by us owned shares of Fiat Chrysler Automobiles NV (NYSE:FCAU), unchanged over the quarter.

CACI Provides Guidance

CACI International Inc (NYSE:CACI) is trading 9% lower after the company provided relatively lackluster fiscal 2017 revenue guidance. For the year, CACI expects EPS in the range of $6.02 to $6.43 on revenue of $4.05 to $4.25 billion, versus estimates of $6.50 per share on sales of $4.4 billion. Howeverm the company reiterated its fiscal 2016 guidance. The number of funds from our database with holdings in CACI International Inc (NYSE:CACI) inched up by two quarter-over-quarter to 17 at the end of March.

Disclosure: none