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(Bloomberg) — Alibaba Group Holding Ltd.’s profit surged a better-than-expected 69% after China’s e-commerce leader reined in spending and narrowed losses abroad, taking steps to make up for anemic growth in a Covid-struck home market.

The reaction of the auditing news will support the group continue the upward trend.

$BABA riding this one down, great starting position for the group 💎

Stocks are entering a fresh bull cycle after a painful 2022 performance, supported by the potential of the world's largest economy sidestepping a recession, Leuthold Group chief investment strategist Jim Paulsen, told Bloomberg.

$BABA Alibaba Group Holding (BABA, $80.51) tops fiscal Q2 earnings expectations.

$BABA The current ROCE for $BABA still remains at a highly competitive level, even when compared to the #FAAMG group,as you can see in the second chart below.

1) Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group, has once again excelled in its mission of supporting the group’s 11.11 Global Shopping Festival, thanks to its high-performance computing and innovative technology.

$LCID #Lucid Group is perhaps one of the best #WallStreetBets meme stocks of this year.

$LCID Lucid Group Option Order Flow Sentiment is 72.5% Bullish. https://tinyurl.com/yj74h8ya

$LCID Lucid Group Option Order Flow Sentiment is 59.0% Bullish. https://tinyurl.com/yj74h8ya

$LCID Blue Horseshoe loves Lucid Group!