Today we are watching…
1. JD.com (#jd-adr)
JD.com, not be confused with JD sports, is a Chinese online retailer. They do it big in China, and JD.com is no exception. The firm has over 300 million customer accounts, employing almost 200,000 people to bring in more than 20 billion dollars in sales every year. Competing against Alibaba’s Tmall, those numbers aren’t too shabby! Still, investors are demanding more today as earnings come due. Expanding its loyal customer base beyond China might help the e-commerce giant meet new expectations, so long as a supply chain reshuffle doesn’t get in the way. The company aims to beat $0.07 of profit per share on $21.7 billion in revenues.
2. Tilray (#tlry)
The cannabis market can be split down the middle. With red tap looming over recreational pot, there could be a real challenge in differentiating a product that’s completely wrapped in warnings labels! That’s why Tilray is big in medical marijuana, too. Twenty-nine countries have so far given medicinal ganja the green light, and despite hype taking over the stocks, it has huge potential. Hopes and dreams pinned on Tilray last year have since met a sorry end, but the company could reverse sentiment with a good earnings call ahead Canopy Growth’s own earnings report tomorrow. Analysts estimate a 23 cent loss per share on overall revenues of $40.23 million.