Company News For Aug 16, 2019

  • Shares of Alibaba Group Holding Limited BABA gained 3% after the e-commerce company’s fiscal first-quarter earnings beat analyst estimates.
  • Shares of J. C. Penney Company, Inc. JCP climbed 2.2% after the company posted a lesser-than-expected quarterly loss of $0.18 per share.
  • Shares of the General Electric Company GE shed 11.3% after Madoff whistleblower Harry Markopolos stated that the company had accounting problems worth $38 billion.
  • Shares of Bank of America Corporation BAC lost 0.6% after long term U.S. bond yields fell below 2%.

Click to get this free report

Bank of America Corporation (BAC): Free Stock Analysis Report

Alibaba Group Holding Limited (BABA): Free Stock Analysis Report

General Electric Company (GE): Free Stock Analysis Report

J. C. Penney Company, Inc. (JCP): Free Stock Analysis Report

To read this article on click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos


    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at

    Learn More