From Yahoo Finance: 2025-05-04 11:17:00

US stocks rose on Friday, May 2, with S&P 500, Dow Jones, and Nasdaq all posting gains. S&P 500 up nearly 1.5%, marking longest winning streak since Nov 2004. Dow rose 1.4% and Nasdaq gained 1.5%. China open to trade talks, April US jobs report saw 177,000 nonfarm payrolls added, unemployment at 4.2%.

China indicated willingness for trade talks, easing US-China trade war concerns. China evaluating US proposals, open to pulling back reciprocal tariffs. Comments help reduce economic slowdown fears from tariffs. Improved US-China relations and solid job growth boost confidence on Wall Street.

Alibaba Group Holding Limited (NYSE:BABA) ranks among most profitable cheap stocks. Forward P/E at 11.99, TTM net income $16.77 billion, 107 hedge fund holders. Barclays reiterated “Overweight” rating with $180 price target, highlighting rapid growth of cloud business. Alibaba focused on improving customer AI adoption for future growth.

Alibaba Group Holding Limited (NYSE:BABA) cloud business generates $20 billion in revenue annually, with $2 billion in EBITA. Barclays sees value not fully reflected in share price. BABA ranks 3rd on profitable cheap stocks list. AI stocks may offer greater promise for higher returns in shorter time frame than BABA.



Read more at Yahoo Finance: Is Alibaba Group Holding Limited (BABA) The Most Profitable Cheap Stock to Buy Now?