SINA Forms Strategic Alliance With Alibaba Group and 2 Other Hot Stocks to Watch
SINA Corporation (NASDAQ:SINA): Current price $56.02
On Monday, SINA reported that it has an agreement pertaining to a strategic alliance between several entities with which it is affiliated, including PRC subsidiaries of Weibo Corporation, and several entities connected with the Alibaba Group, including Taobao Software Co. and Zhejiang Tmall.com Technology Co. The accord is et up to jointly explore social commerce and develop innovative marketing solutions, so as to allow merchants on Alibaba e-commerce platforms to better connect and build relationships with Weibo users.
General Electric Company (NYSE:GE): Current price $22.08
General Electric’s GE Transportation’s Optimization Solutions, announced Monday that it has been named by Inbound Logistics magazine as one of the 2013 Top 100 Logistics Technology Companies. The business has made the list for the eighth straight year and a top provider of transportation management software and analytics to the railroad industry.
BlackBerry (NASDAQ:BBRY): Current price $15.29
The firm’s jumped by 2.4 percent to $15.38 on Monday morning, as prior to the opening bell, RBC Capital elevated its estimate for shipments of BlackBerry 10 devices in the May quarter from 2 million to 2.75 million. Analyst Mark Sue pointed to early signs of “pent-up demand for the new Q10,” which is the new smartphone from Blackberry that offers a physical QWERTY keypad.
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