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Alibaba Group Holding Ltd BABA stock gained more than 4 percent Thursday morning after the China-based company reported a top-and-bottom-line beat in its fiscal first-quarter earnings report. Digging beyond the headline numbers, Alibaba showed multiple impressive growth metrics, including a 93 percent year-over-year revenue growth in the cloud business.
Williams-Sonoma, Inc. WSM gained more than 7 percent after the retailer reported a top-and-bottom-line beat, highlighted by a 4.6-percent comparable brand revenue growth and an 8.9-percent revenue growth in online sales. Management also lifted its full year 2018 guidance and expects comparable brand revenue growth of 3-5 percent.
Tesla Inc TSLA was trading lower after UBS analysts highlighted teardown experts who found multiple Model 3 quality issues. The car scored a "below average" score on a fit and finish quality, which is disappointing for a car selling near $50,000.
MYnd Analytics Inc MYND gained more than 7 percent after the mental health company announced a partnership with Employee Assistance Network (EAN) for work-related training and education programs. It should be noted MYnd Analytics is a "low-float" stock with just 2.8 million shares outstanding which implies it can be hyper reactive to news items.
PAVmed Inc PAVM lost more than 20 percent after the FDA notified the medical device company it hasn't reached a consensus decision related to its CaprX submission within the review period. The agency suggested Pavmed extend the review process through a re-submission.
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