Alibaba stock rallied nearly 2% in premarket trading
Alibaba stock rallied nearly 2% in premarket trading afer the company overhauled e-commerce businesses and named new CFO.Alibaba Group Holding Ltdsaid it will reorganise its international and domestic e-commerce businesses and replace its CFO.It will form two new units - international digital commerce and China digital commerce which it said was part of efforts to become more agile and accelerate growth.The international digital commerce unit will include AliExpress which sells to retail buyers
$Lululemon Athletica $ is slated to report its results for the third quarter of fiscal 2021 after the market close on Thursday, Dec. 9.Investors in the athletic apparel retailer are probably feeling optimistic about the report. Last quarter, revenue and earnings crushed Wall Street's consensus estimates, third-quarter guidance for both the top and bottom lines came in higher than analysts had been expecting, and management significantly hiked its full-year outlook for both revenue and earnings.