Vipshop Holdings 株価情報 (NYSE: VIPS)

最新ニュース Vipshop Holdings (NYSE:VIPS) 株価情報

Vipshop Holdings

Vipshop is a Leading Chinese online discount retailer offering branded products at attractive discounts ranging from 10%-90% off their original price through daily flash sales. It operates warehousing, retailing, product procurements, software development, and information technology support in-house while outsourcing to third-party logistics providers for distribution and shipments. Branded products on Vipshop's platform are sourced mostly through a consignment model with over 29,000 global partners as of Dec. 31, 2023. As of March 31, 2024, Eric Ya Shen, chairman and CEO, has 63.1% voting rights and a 30.9% stake while Arthur Xiaobo Hong, vice chairman and COO, has a 17.6% stake. Leading Chinese social media firm and strategic shareholder Tencent also holds an 11.8% interest.

Vipshop Holdings Limited American Depositary Shares, each representing two ordinary shares

Vipshop Holdings Ltd

VIPSHOP HOLDGS SPON ADS REP 0.20 ORD

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/58d94a96b85e930001fd9dd4/kevin-dede">HC Wainwright &amp; Co. analyst Kevin Dede</a> initiated coverage on BitFuFu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUFU#NASDAQ">FUFU</a>) with a Buy rating and announced a price target of $7. BitFuFu shares closed at $4.57 on Tuesday. <a href="https://www.benzinga.com/quote/FUFU/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst David Katz initiated coverage on Ryman Hospitality Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RHP#NYSE">RHP</a>) with a Buy rating and announced a price target of $130. Ryman Hospitality shares closed at $108.30 on Tuesday. <a href="https://www.benzinga.com/quote/RHP/analyst-ratings">See how other analysts view this stock</a>.</li>
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst/61826cd080db050001bbb18a/jiong-shao">Barclays analyst Jiong Shao</a> initiated coverage on Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) with an Overweight rating and announced a price target of $19. Vipshop shares closed at $14.58 on Tuesday. <a href="https://www.benzinga.com/quote/VIPS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wells Fargo analyst Gary Mobley initiated coverage on Rambus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RMBS#NASDAQ">RMBS</a>) with an Overweight rating and announced a price target of $62. Rambus shares closed at $50.26 on Tuesday. <a href="https://www.benzinga.com/quote/RMBS/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Bernstein analyst Lee Hambright initiated coverage on Insulet Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PODD#NASDAQ">PODD</a>) with an Outperform rating and announced a price target of $300. Insulet shares closed at $241.32 on Tuesday. <a href="https://www.benzinga.com/quote/PODD/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying PODD stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="582" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06083542/image-51-1024x582.png" alt="" class="wp-image-632774" style="width:633px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06083542/image-51-1024x582.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06083542/image-51-300x171.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06083542/image-51-768x437.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/06083542/image-51.png 1178w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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News

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VIPS

This Insulet Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

Analysts' ratings for Vipshop Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) over the last quarter vary from bullish to bearish, as provided by 4 analysts.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $15.75, a high estimate of $19.00, and a low estimate of $12.00. Surpassing the previous average price target of $15.60, the current average has increased by 0.96%.
<img src="https://www.benzinga.com/files/images/story/2024/1730898064_0.png" alt="price target chart" />
<h2>Interpreting Analyst Ratings: A Closer Look</h2>
The perception of Vipshop Holdings by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Jiong Shao</td>
<td>Barclays</td>
<td>Announces</td>
<td>Overweight</td>
<td>$19.00</td>
<td>-</td>
</tr>
<tr>
<td>Alicia Yap</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$18.00</td>
<td>$15.00</td>
</tr>
<tr>
<td>Leo You</td>
<td>CLSA</td>
<td>Lowers</td>
<td>Hold</td>
<td>$12.00</td>
<td>$15.80</td>
</tr>
<tr>
<td>Eddy Wang</td>
<td>Morgan Stanley</td>
<td>Lowers</td>
<td>Equal-Weight</td>
<td>$14.00</td>
<td>$16.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Vipshop Holdings. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Vipshop Holdings compared to the broader market.</li>
<li>Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of Vipshop Holdings's stock. This examination reveals shifts in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Vipshop Holdings's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/VIPS/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Vipshop Holdings analyst ratings.</a>
<h2>Get to Know Vipshop Holdings Better</h2>
Vipshop is a Leading Chinese online discount retailer offering branded products at attractive discounts ranging from 10%-90% off their original price through daily flash sales. It operates warehousing, retailing, product procurements, software development, and information technology support in-house while outsourcing to third-party logistics providers for distribution and shipments. Branded products on Vipshop's platform are sourced mostly through a consignment model with over 29,000 global partners as of Dec. 31, 2023. As of March 31, 2024, Eric Ya Shen, chairman and CEO, has 63.1% voting rights and a 30.9% stake while Arthur Xiaobo Hong, vice chairman and COO, has a 17.6% stake. Leading Chinese social media firm and strategic shareholder Tencent also holds an 11.8% interest.
<h3>Key Indicators: Vipshop Holdings's Financial Health</h3>
Market Capitalization Analysis: Reflecting a smaller scale, the company's market capitalization is positioned below industry averages. This could be attributed to factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Vipshop Holdings faced challenges, resulting in a decline of approximately -3.6% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Vipshop Holdings's net margin excels beyond industry benchmarks, reaching 7.19%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Vipshop Holdings's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 5.1% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Vipshop Holdings's financial strength is reflected in its exceptional ROA, which exceeds industry averages. With a remarkable ROA of 2.8%, the company showcases efficient use of assets and strong financial health.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.08.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From Vipshop Holdings Analyst Ratings

Barclays analyst Jiong Shao initiates coverage on Vipshop Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) with a Overweight rating and announces Price Target of $19.

Price Target

Barclays Initiates Coverage On Vipshop Holdings with Overweight Rating, Announces Price Target of $19

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Shares of US-listed Chinese stocks are trading lower after China's September exports missed estimates. China stimulus uncertainty has also weighed on stocks recently.

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Shares of US-listed Chinese stocks are trading lower after Chinese planning officials reportedly fell short of investor stimulus expectations.

Citigroup analyst Alicia Yap maintains Vipshop Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) with a Buy and raises the price target from $15 to $18.

Citigroup Maintains Buy on Vipshop Holdings, Raises Price Target to $18

In the current market session, Vipshop Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) share price is at $13.85, after a 4.09% decrease. Over the past month, the stock increased by 13.78%, but over the past year, it actually fell by 12.37%. With good short-term performance like this, and questionable long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio.

<img src="https://www.benzinga.com/files/images/story/2024/1727287234_0.png" alt="Past Year Chart" />

<h3>Vipshop Holdings P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Compared to the aggregate P/E ratio of the 26.43 in the Broadline Retail industry, Vipshop Holdings Inc. has a lower P/E ratio of 6.7. Shareholders might be inclined to think that the stock might perform worse than it's industry peers. It's also possible that the stock is undervalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1727287234_1.png" alt="Guage" />

In summary, while the price-to-earnings ratio is a valuable tool for investors to evaluate a company's market performance, it should be used with caution. A low P/E ratio can be an indication of undervaluation, but it can also suggest weak growth prospects or financial instability. Moreover, the P/E ratio is just one of many metrics that investors should consider when making investment decisions, and it should be evaluated alongside other financial ratios, industry trends, and qualitative factors. By taking a comprehensive approach to analyzing a company's financial health, investors can make well-informed decisions that are more likely to lead to successful outcomes.

Intraday Update

Price Over Earnings Overview: Vipshop Holdings

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U.S. stocks were higher, with the Nasdaq Composite gaining around 50 points on Wednesday.
Shares of Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) rose sharply during Wednesday's session after the company reported better-than-expected third-quarter financial results and issued FY24 EPS<a href="https://www.benzinga.com/news/earnings/24/08/40474111/toll-brothers-q3-earnings-revenue-beat-eps-beat-homes-delivered-up-11-backlog-down-10-momentum-into"> guidance above estimates.</a>
The company reported adjusted EPS of $3.60, beating analysts estimate of $3.31 and sales of $2.73 billion, beating analysts estimate of $2.71 billion.
Toll Brothers shares climbed 6.5% to $142.27 on Wednesday.
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<li>CLSA cut Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) price target from $15.8 to $12. CLSA analyst Leo You downgraded the stock from Outperform to Hold. Vipshop shares dipped 17.6% to close at $11.56 on Tuesday. <a href="https://www.benzinga.com/quote/VIPS/analyst-ratings">See how other analysts view this stock.</a></li>
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</ul>
Considering buying TXN stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="514" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21085756/image-182-1024x514.png" alt="" class="wp-image-506185" style="width:542px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21085756/image-182-1024x514.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21085756/image-182-300x151.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21085756/image-182-768x386.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/21085756/image-182.png 1346w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read More: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/08/40478428/s-p-500-nasdaq-fall-after-8-session-winning-streak-ahead-of-powells-comments-and-fed-meeting-outcom">S&amp;P 500, Nasdaq Fall After 8-Session Winning Streak Ahead Of Powell&#8217;s Comments And FOMC Minutes: Fear &amp; Greed Index In &#8216;Neutral&#8217; Zone</a></li>
</ul>

CCOI

DRMA

ENPH

Texas Instruments To Rally Around 16%? Here Are 10 Top Analyst Forecasts For Wednesday

CLSA analyst Leo You downgrades Vipshop Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) from Outperform to Hold and lowers the price target from $15.8 to $12.

Downgrades

CLSA Downgrades Vipshop Holdings to Hold, Lowers Price Target to $12

U.S. stocks traded mostly lower toward the end of trading, with the S&amp;P 500 falling around 0.1% on Tuesday.
The Dow traded down 0.12% to 40,849.39 while the NASDAQ fell 0.11% to 17,856.43. The S&amp;P 500 also fell, dropping, 0.07% to 5,604.36.
Check This Out: <a href="https://www.benzinga.com/news/24/08/40460726/apple-alphabet-and-2-other-stocks-insiders-are-selling">Apple, Alphabet And 2 Other Stocks Insiders Are Selling</a>
Leading and Lagging Sectors Health care shares climbed by 0.4% on Tuesday.
In trading on Tuesday, energy shares fell by 2.4%.
Top Headline
Shares of Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) gained around 9% on Tuesday after the company reported better-than-expected results for its fourth quarter and issued strong guidance.
Palo Alto&#8217;s board authorized an additional $500 million for share repurchases, bringing the company&#8217;s remaining buyback authorization up to $1 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>InMed Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INM#NASDAQ">INM</a>) shares shot up 194% to $0.4361 after the company announced that INM-901 will be used in its development programs for Alzheimer&#8217;s Disease.</li>
<li>Shares of Bit Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) got a boost, surging 17% to $3.4850 after the company reported better-than-expected second-quarter sales results. Also, the company announced a binding term sheet with Boosteroid.</li>
<li>Titan Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTNP#NASDAQ">TTNP</a>) shares were also up, gaining 94% to $9.71. Titan Pharmaceuticals entered into merger and contribution and share exchange agreement regarding a business combination with KE Sdn. Bhd.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Mynaric AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYNA#NASDAQ">MYNA</a>) shares dropped 54% to $1.92 after the company cut its FY24 revenue guidance.</li>
<li>Shares of ATRenew Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NASDAQ">RERE</a>) were down 13% to $2.46 following second-quarter results.</li>
<li>Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) was down, falling 17% to $11.60 after the company reported second-quarter results and guided third-quarter revenues down approximately 5-10%.</li>
</ul>
Commodities In commodity news, oil traded down 0.7% to $73.82 while gold traded up 0.5% at $2,553.30.
Silver traded up 0.5% to $29.46 on Tuesday, while copper fell 0.8% to $4.1490.
Euro zone
European shares closed lower today. The eurozone's STOXX 600 slipped 0.45%, Germany's DAX fell 0.35% and France's CAC 40 slipped 0.22%. Spain's IBEX 35 Index fell 0.13%, while London's FTSE 100 fell 1%.
The annual inflation rate in the Eurozone increased to 2.6% in July from 2.5% in the prior month, while current account surplus rose to €52.4 billion in June from €32.4 billion a year ago. Italy&#8217;s current account surplus widened to EUR 4,885 billion in June from EUR 1,248 billion in the year-ago period. Producer prices in Germany fell by 0.8% year-over-year in July.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 gaining 1.80%, Hong Kong's Hang Seng Index falling 0.33%, China's Shanghai Composite Index falling 0.93% and India's BSE Sensex rising 0.47%.
The annual inflation rate in Hong Kong increased to 2.5% in July from 1.5% in the prior month. The People&#8217;s Bank of China kept key lending rates unchanged at the recent fixing.
Economics
No major economic reports are scheduled for release today.
Now Read This:<a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40461302/top-3-tech-stocks-which-could-rescue-your-portfolio-this-quarter"> </a>
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40461302/top-3-tech-stocks-which-could-rescue-your-portfolio-this-quarter">Top 3 Tech Stocks Which Could Rescue Your Portfolio This Quarter</a></li>
</ul>

Earnings

Equities

Eurozone

Commodities

BTBT

MYNA

PANW

RERE

TTNP

Crude Oil Falls; Palo Alto Networks Shares Jump After Q4 Earnings

Morgan Stanley analyst Eddy Wang maintains Vipshop Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) with a Equal-Weight and lowers the price target from $16 to $14.

Morgan Stanley Maintains Equal-Weight on Vipshop Holdings, Lowers Price Target to $14

U.S. stocks traded lower midway through trading, with the Nasdaq Composite falling around 50 points on Tuesday.
The Dow traded down 0.10% to 40,854.31 while the NASDAQ fell 0.15% to 17,850.34. The S&amp;P 500 also fell, dropping, 0.06% to 5,604.70.
Check This Out: <a href="https://www.benzinga.com/news/24/08/40460726/apple-alphabet-and-2-other-stocks-insiders-are-selling">Apple, Alphabet And 2 Other Stocks Insiders Are Selling</a>
Leading and Lagging Sectors Health care shares climbed by 0.5% on Tuesday.
In trading on Tuesday, energy shares fell by 1%.
Top Headline
Medtronic Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) reported better-than-expected results for its first quarter on Tuesday.
The company posted first-quarter 2025 sales of $7.92 billion, beating the consensus of $7.89 billion. The medical device maker reported adjusted EPS of $1.23, beating the consensus of $1.20. Revenue increased 2.8% year over year, as reported, and 5.3% organic.
Medtronic revised its fiscal year 2025 adjusted EPS guidance to $5.42 – $5.50, compared to prior guidance of $5.40 – $5.50 and consensus of $5.44. The company sees fiscal year 2025 organic revenue growth of 4.5% – 5% compared to prior guidance of 4% – 5%.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>InMed Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INM#NASDAQ">INM</a>) shares shot up 250% to $0.5075 after the company announced that INM-901 will be used in its development programs for Alzheimer&#8217;s Disease.</li>
<li>Shares of Bit Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) got a boost, surging 16% to $3.47 after the company reported better-than-expected second-quarter sales results. Also, the company announced a binding term sheet with Boosteroid.</li>
<li>Titan Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTNP#NASDAQ">TTNP</a>) shares were also up, gaining 108% to $10.37. Titan Pharmaceuticals entered into merger and contribution and share exchange agreement regarding a business combination with KE Sdn. Bhd.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Mynaric AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MYNA#NASDAQ">MYNA</a>) shares dropped 54% to $1.93 after the company cut its FY24 revenue guidance.</li>
<li>Shares of ATRenew Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NASDAQ">RERE</a>) were down 12% to $2.5066 following second-quarter results.</li>
<li>Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) was down, falling 10% to $12.57 after the company reported second-quarter results and guided third-quarter revenues down approximately 5-10%.</li>
</ul>
Commodities In commodity news, oil traded up 0.8% to $74.96 while gold traded up 1.1% at $2,568.90.
Silver traded up 2% to $29.875 on Tuesday, while copper rose 0.2% to $4.1875.
Euro zone
European shares were mostly lower today. The eurozone's STOXX 600 slipped 0.22%, Germany's DAX fell 0.09% and France's CAC 40 slipped 0.01%. Spain's IBEX 35 Index fell 0.32%, while London's FTSE 100 fell 0.85%.
The annual inflation rate in the Eurozone increased to 2.6% in July from 2.5% in the prior month, while current account surplus rose to €52.4 billion in June from €32.4 billion a year ago. Italy&#8217;s current account surplus widened to EUR 4,885 billion in June from EUR 1,248 billion in the year-ago period. Producer prices in Germany fell by 0.8% year-over-year in July.
Asia Pacific Markets
Asian markets closed mixed on Tuesday, with Japan's Nikkei 225 gaining 1.80%, Hong Kong's Hang Seng Index falling 0.33%, China's Shanghai Composite Index falling 0.93% and India's BSE Sensex rising 0.47%.
The annual inflation rate in Hong Kong increased to 2.5% in July from 1.5% in the prior month. The People&#8217;s Bank of China kept key lending rates unchanged at the recent fixing.
Economics
No major economic reports are scheduled for release today.
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40461302/top-3-tech-stocks-which-could-rescue-your-portfolio-this-quarter">Top 3 Tech Stocks Which Could Rescue Your Portfolio This Quarter</a></li>
</ul>

Nasdaq Moves Lower; Medtronic Posts Upbeat Earnings

U.S. stock futures were mixed this morning, with the S&amp;P 500 futures gaining around 0.1% on Tuesday.
Shares of Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) fell sharply in today's pre-market trading after reporting <a href="https://www.benzinga.com/news/earnings/24/08/40457669/chinese-discount-retailer-vipshop-posts-4-topline-decline-as-economy-hurts-sweetens-deal-with-1b-bu">second-quarter results.</a>
Vipshop reported second-quarter sales of $3.7 billion, down by 3.6% year-on-year, which topped the Wall Street view of $3.66 billion. Vipshop Holdings registered adjusted earnings per ADS of 54 cents, which aligns with the analyst consensus.
For the third quarter of 2024, the company expects its total net revenues to be between RMB20.5 billion-RMB21.6 billion, representing a year-over-year decrease of approximately 10%-5% versus consensus of RMB22.9 billion.
Vipshop shares dipped 7.2% to $13.00 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>Jiayin Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFIN#NASDAQ">JFIN</a>) shares declined 6.9% to $5.65 in pre-market trading.</li>
<li>ATRenew Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RERE#NYSE">RERE</a>) shares fell 6.7% to $2.65 in pre-market trading following second-quarter results.</li>
<li>Sasol Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSL#NYSE">SSL</a>) shares fell 4.8% to $7.20 in pre-market trading after the company reported financial results for the year ended 30 June, 2024.</li>
<li>ExlService Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXLS#NASDAQ">EXLS</a>) shares fell 4% to $34.04 in pre-market trading.</li>
<li>Hesai Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSAI#NASDAQ">HSAI</a>) shares slipped 3.8% to $4.36 in pre-market trading following second-quarter results.</li>
<li>Alvotech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALVO#NASDAQ">ALVO</a>) shares declined 3.4% to $12.55 in pre-market trading. Alvotech, last week, reported a year-over-year increase in H1 financial results.</li>
<li>Rezolve AI Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RZLV#NASDAQ">RZLV</a>) declined 2.4% to $8.00 in pre-market trading after dipping over 18% on Monday.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/08/40454461/s-p-500-nasdaq-extend-gains-for-8th-consecutive-session-investor-sentiment-improves-but-greed-index">S&amp;P 500, Nasdaq Extend Gains For 8th Consecutive Session: Investor Sentiment Improves, But Greed Index Remains In &#8216;Fear&#8217; Zone</a></li>
</ul>

ALVO

EXLS

HSAI

RZLV

Vipshop, Hesai Group And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Vipshop shares are trading lower after the company guided Q3 revenues down approximately 5-10%.

Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>)&nbsp;reported second-quarter sales of $3.7 billion,&nbsp;down by 3.6% year-on-year, which topped the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/08/n40455792/vipshop-reports-unaudited-second-quarter-2024-financial-results" rel="noreferrer noopener">Wall Street view of $3.66 billion</a>.
Vipshop Holdings&nbsp;registered&nbsp;adjusted earnings per ADS of 54 cents, which aligns with <a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">the analyst consensus</a>.&nbsp;The stock price slid after the print.
Total orders for the quarter were 197.8 million,&nbsp;compared with 213.8 million in the prior year period.
Gross margin for the quarter increased to 23.6% from 22.2% in the prior year period. Gross profit jumped 2.2%&nbsp;year over year&nbsp;to&nbsp;RMB6.3 billion&nbsp;($872.6 million).
GMV&nbsp;for the quarter remained flat year over year at&nbsp;RMB50.6 billion.
As of&nbsp;June 30, 2024, the company had cash and cash equivalents, restricted&nbsp;cash&nbsp;of&nbsp;$3.0 billion, and&nbsp;short-term&nbsp;investments of&nbsp;$264.3 million.
Share Repurchase Program: During the quarter, the company repurchased&nbsp;$205.9 million&nbsp;of its ADSs under its current&nbsp;$1 billion&nbsp;share repurchase program,&nbsp;&nbsp;which is effective through&nbsp;March 2025.&nbsp;
The board has authorized a new share repurchase program under which the company may repurchase up to&nbsp;$1 billion&nbsp;for 24 months.
Outlook:&nbsp;For the third quarter of 2024, the company expects its total net revenues to be between&nbsp;RMB20.5 billion-RMB21.6 billion, representing a year-over-year decrease of approximately 10%-5% versus <a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener">consensus of RMB22.9 billion</a>.&nbsp;
The discount retailer lost over 11% in the last 12 months as it battles a weak domestic economy.
Price Action: VIPS shares are trading lower by 7% to $13.04 premarket at last check Tuesday.&nbsp;

Guidance

Buybacks

Chinese Discount Retailer Vipshop Posts 4% Topline Decline As Economy Hurts, Sweetens Deal With $1B Buyback Plan

The gravity-defying climb faces risk, as the index futures trade narrowly mixed in early trading on Tuesday. That said, <a href="https://www.benzinga.com/markets/equities/24/08/40450395/s-p-500-nasdaq-100-extend-8-session-winning-streak-as-wall-street-jitters-go-poof-mondays-key-st">the recent gains </a>could keep traders wary of a potential pullback. A couple of speeches by Federal Reserve officials are the lone Main Street catalysts for the day even as the market has set its eyes on Fed Chair Jerome Powell&#8217;s Jackson Hole Symposium address due Friday. Until such time, the market may remain in a wait-and-watch mode.
Given the bounce in cryptocurrencies, stocks exposed to these digital assets could gain some ground and tech stocks appear on track to preserve their upward momentum. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.04%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.05%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.06%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Tuesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged up 0.04% to $559.82, and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) gained 0.10% to $481.76, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session: 
Stocks climbed solidly on Monday as the multi-session run-up continued, with support coming from weak economic data and a Fed speech that perked up hopes of an incoming Fed rate cut. Minneapolis Fed President Neel Kashkari, who is considered more of a hawk, said in an exclusive interview with the Wall Street Journal, &#8220;The balance of risks has shifted, so the debate about potentially cutting rates in September is an appropriate one to have.&#8221;
 The major averages opened higher and moved roughly sideways in early trading before climbing steadily through much of the remainder of the session. The buying interest accelerated in the final few minutes of trading. 
The tech-heavy Nasdaq Composite index and the broader S&amp;P 500 index extended their winning streak to eight, and in the process, these averages settled at their highest closing levels since July 23 and July 16, respectively. The S&amp;P 500 is now just under 60 points away from its all-time highs. 
The 30-stock Dow Jones Industrial Average is on a five-session winning run, with Monday&#8217;s gains coming on the back of the rally in the shares of McDonald&#8217;s Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCD#NYSE">MCD</a>), Amgen, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMGN#NASDAQ">AMGN</a>) and Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>). The blue-chip is now at the highest level since July 17.
The gains were across the board, with all 11 S&amp;P 500 sector classes gaining ground. Communication services, IT and consumer discretionary stocks found notable buying interest.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+1.39%</td>
<td>17,876.77</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.97%</td>
<td>5,608.25</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.58%</td>
<td>40,896.53</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>+1.19%</td>
<td>2,167.50</td>
</tr>
</tbody>
</table>
</figure>
The Nasdaq Composite, which fell into correction territory -defined as a pullback of over 10% from recent highs, on Aug. 5 amid the market collapse set in by yen carry trade unwinding, has quickly sprung back up. The intraday low hit on Aug. 5 (15,708.54) marked a roughly 16% pullback from the July 11 intraday high of 18,671.07. The index exited correction territory in merely 11 sessions, the fastest recovery since Oct. 2011, Barron&#8217;s <a href="https://www.barrons.com/livecoverage/stock-market-today-081924">reported</a>.
Insights From Analysts:
The stock market is entering a &#8220;very positive four-week equity trading window,&#8221; Goldman Sachs Trading Desk&#8217;s Managing Director Scott Rubner said in a note to clients on Monday, Bloomberg <a href="https://www.bloomberg.com/news/articles/2024-08-19/goldman-s-rubner-says-the-pain-trade-for-us-stocks-is-higher">reported.</a> The strength could come from the following:
<ul>
<li>inflows from trend-following systemic funds that are re-leveraging after cutting their total long exposure from $450 billion in July to $250 billion currently.</li>
<li>Commodity trading advisers are likely to buy stocks irrespective of the market trend</li>
<li>Buying by volatility-control funds as the CBOE volatility index posted the biggest nine-day drop in history following the Aug. 5 market collapse</li>
<li>traders going against the prevailing trend, aka long gamma positioning, which could serve as a buffer in the eventuality of a sell-off</li>
<li>Corporate demand rising until the corporate blackout window closes for about 50% of the companies on Sept. 13; Goldman estimated that corporate buybacks will likely total $1.15 trillion worth of authorizations and $960 billion worth of executions in 2024.</li>
<li>Money market investment in equities</li>
</ul>
That said, the strategist flagged pain ahead for the market. &#8220;The pain trade for equities is higher and the bar for being bearish at the beach into a Labor Day barbecue party is high,&#8221; he reportedly said. He sees the stock market turning negative after Sept. 16, given the second half of the month has historically been the worst two-week trading period of the year.
Previewing the Jackson Hole Symposium that kickstarts Thursday, WisdomTree Senior Economist and Wharton Professor Emeritus Jeremy Siegel said, Powell&#8217;s speech at 10 a.m. on Friday is the big event. &#8220;I expect him to clear the path for a rate cut in September, but not divulge the size,&#8221; the economist said.
Powell will likely say that the central bank is becoming more confident that inflation is moving towards its target and that it can afford to loosen the degree of monetary restrictiveness, Siegel said, while also cautioning that there is still much data to come, including August inflation and payrolls as well as four more jobless claims.
Upcoming Economic Data
<ul>
<li>Atlanta Fed President Raphael Bostic is scheduled to speak at 1:35 a.m. EDT.</li>
<li>Fed Vice Chair for Supervision Michael Barr&nbsp;will make a public appearance at 2:45 p.m. EDT.</li>
</ul>
See Also:<a href="https://www.benzinga.com/money/how-to-trade-futures"> How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) rose over 2.4% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following its quarterly results announcement.</li>
<li>Lowe&#8217;s Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LOW#NYSE">LOW</a>), Medtronic plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) and Vipshop Holdings Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VIPS#NYSE">VIPS</a>) are among the <a href="https://www.benzinga.com/calendars/earnings">notable companies due to release their quarterly results</a> before the market opens.</li>
<li>Those reporting after the close include Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>), Coty Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COTY#NYSE">COTY</a>), La-Z-Boy Incorporated (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZB#NYSE">LZB</a>) and ZTO Express (Cayman) Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZTO#NYSE">ZTO</a>).</li>
<li>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rally has propped up MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Coinbase Global, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>).</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell yet again and traded around the $73.5 level, while gold futures climbed past the $2,560 mark. Bitcoin gained ground over the past 24 hours and approached the $61K mark.
The Asian markets ended Tuesday&#8217;s session on a mixed note, with the Japanese Nikkei 225 average rising sharply, while the Hong Kong, Chinese, Malaysia and Indonesian markets retreated.
The sentiment is fluid in Europe, with the Euro STOXX Index rising slightly in early trading, while the U.K.&#8217;s FTSE Index is pulling back sharply.
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Vipshop (VIPS) has released an update. Vipshop Holdings Limited announces the resignation of its Chief Technology Officer, Mr. Tao Feng, and the ap...

Vipshop Appoints New CTO Amidst Leadership Shift

Morgan Stanley analyst Eddy Wang maintained a Hold rating on Vipshop (VIPS – Research Report) today and set a price target of $14.00. Eddy Wang has...

Vipshop Holdings: Hold Rating Amid Revenue Declines and Mixed Customer Metrics

Citi analyst Alicia Yap has maintained their bullish stance on VIPS stock, giving a Buy rating yesterday. Alicia Yap's rating is based on her analy...

Buy Rating Upheld for Vipshop: Anticipated Revenue Growth and Positive Long-term Outlook Despite Short-term Weakness

Here is how many Chinese ADRs are performing from the past week

Vipshop: Large Data Sets, FCF Growth, And Undervalued

China-related stocks give back gain due to lack of details on stimulus measures

China-related stocks give back gains due to lack of details on stimulus measures

Vipshop (VIPS – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Joyce Ju from Bank of...

Buy Rating on Vipshop: Attractive Yield and Undervalued Position Despite Conservative Revenue Outlook

Barclays analyst Jiong Shao initiated coverage of Vipshop (VIPS) with an Overweight rating and $19 price target The company's focused branded sales...

Vipshop initiated with an Overweight at Barclays

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Press Releases

Vipshop Reports Unaudited Third Quarter 2023 Financial Results

Vipshop Releases the Carbon Reduction Goals and Action Report

Vipshop to Announce Fourth Quarter and Full Year 2023 Financial Results on February 28, 2024

Vipshop Reports Unaudited Fourth Quarter and Full Year 2023 Financial Results

Vipshop Filed 2023 Annual Report on Form 20-F

Vipshop to Announce First Quarter 2024 Financial Results on May 22, 2024

Vipshop Reports Unaudited First Quarter 2024 Financial Results

Vipshop Releases 2023 Environmental, Social and Governance (ESG) Report

Vipshop to Announce Second Quarter 2024 Financial Results on August 20, 2024

Vipshop Reports Unaudited Second Quarter 2024 Financial Results

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