With the FOMC meeting tomorrow and the release of the jobless claims figures on Thursday, the price action of the main indexes could be more volatile than usual for the remainder of this week. Among the stocks in the spotlight today are Apple Inc. (NASDAQ:AAPL), Alibaba Group Holding Ltd (NYSE:BABA), Yingli Green Energy Holding Co Ltd (ADR) (NYSE:YGE), McDonald’s Corporation (NYSE:MCD), and Netflix, Inc. (NASDAQ:NFLX). Let’s find out why each stock is attracting attention and see what the smart money thinks of them.
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Apple’s Developer Conference Has People Talking
Apple Inc. (NASDAQ:AAPL) has announced several major changes during the first day of its annual developer conference, WWDC. Among the new changes is Apple opening Siri and Apple Maps up to third-party developers, the company bringing Siri to the Mac, and iOS providing support for advanced notifications. Seeing as iPhone sales have declined for the first time since its introduction in 2007, Apple Inc. (NASDAQ:AAPL) bulls hope the software changes will reinvigorate demand for the flagship phone and give Apple momentum in the coming artificial intelligence race. Ken Fisher‘s Fisher Asset Management owned 11.3 million Apple shares at the end of March. Those shares are 0.3% in the green this morning.
Alibaba Sees Strong Growth Ahead
Alibaba Group Holding Ltd (NYSE:BABA) shares are 2% higher today after the company put out a statement guiding for around 6.00 trillion Yuan, or $912 billion, in GMV in fiscal 2020. The GMV number is almost twice as much as Alibaba’s 3.09 trillion Yuan in GMV for fiscal year 2016. In addition, Alibaba expects to have 2.00 billion customers by 2036, more than quadruple the company’s current active buyer base of 423 million. 67 funds in our database were long Alibaba Group Holding Ltd (NYSE:BABA) as of the most recent 13F reporting period, down by ten funds from the end of the previous quarter.
On the next page we examine why investors are abuzz about Yingli Green Energy Holding, McDonald’s, and Netflix this morning.