Alibaba has received an A1 rating from Mon day's for its unsecured bond issue.
The move provides evidence that Wall Street analysts believe that the Chinese online retailer is a stable investment despite recent issues with Chinese regulators.
It is very likely that confidence in Alibaba will help push the stock price upwards towards $300 a share.
Amazon will report Q4 earnings following the North American session today. The online retailer has seen excellent growth during global lockdowns from Covid-19 and is forecasted to show sales officer $121 billion USD for last quarter. If it hits that target, it would mean 29% growth from ayear ago. Expectation to see an increase in Amazon stock price today leading up to the report.
Nintendo reported excellent earnings for Q4 of 2020, which significantly exceeded analyst expectations.
The company's popular Switch product continues to increase sales with over 26 million units for last year.
While the stock has struggled recently, expect upward momentum and a trend towards the 65,000 yen level or higher.
