Uptrend Stocks: International Business Machines Corporation (NYSE:IBM), Amazon.com, Inc. (NASDAQ:AMZN), Alibaba Group Holding Limited (NYSE:BABA)


International Business Machines Corporation (NYSE:IBM) slightly down in previous session as it will enlarge the networking services available through its SoftLayer cloud technology, attempting to catch up with deep-pocketed rivals. IBM researchers and engineers are now making regular trips to SoftLayer’s headquarters in Dallas to discuss product plans and get educated about cloud operation, said Marc Jones, SoftLayer’s chief technology officer. “We have teams pulled together that have SoftLayer people that own and operate a global backbone, and then we have IBM distinguished engineers and research folks that know everything about where networking is and where it’s going,” Jones said in an interview.  On the other consideration, International Business Machines Corporation (NYSE:IBM) begun last trade with a price of $166.230 and throughout the trading session climbed at $166.430. The day-trade ended with a loss of -0.53% to close at $166.08.

Amazon.com, Inc. (NASDAQ:AMZN) inched down in previous session as it is bringing impulse purchasing right around the corner. The Web retailer revealed the Treasure Truck, which carries paddle boards, porterhouse steaks and other discounted items that people can buy online and pick up when the vehicle is nearby. Amazon’s mobile application will tell shoppers what’s on the truck each day and list pickup times and locations in Seattle, where the company is based. Amazon.com, Inc. (NASDAQ:AMZN) stock hit highest price at $443.49, beginning with a price of $441.76 to close at 440.10 by a loss of -0.17% with a day range of $440.24-$443.49.

MYbank, the new Chinese online lender from Alibaba Group Holding Limited (NYSE:BABA)’s finance affiliate, plans to expand loans to as many as 10M smaller enterprises in 5 years as it vies for a slice of a $4T market. MYbank will expand loans of fewer than 5M yuan ($805,000) to private individuals and small firms, a market traditionally under-served by state-run lenders, Lucy Peng, chief executive officer of Zhejiang Ant Small & Micro Financial Services Group Co., said Thursday. Shares of Alibaba Group Holding Limited (NYSE:BABA) opened at $84.540 with 2495.50 million outstanding shares and hit to its highest price of $84.650 during the day and finally closed at $85.24 by scoring 0.08%.

author avatar
Jason Dinner