JD.com Skyrockets Amid Profits Surge; Atlassian and Alibaba Shine with Strong Earnings

1. Jd (Nasdaq: JD)
Jd surged by 8.48%. JD.com reported Q2 2024 earnings with revenue of CNY 5514.46 billion, a 3.87% increase year-over-year, and net profit of CNY 209.59 billion, up nearly 70%. JP Morgan upgraded JD.com ADR to overweight with a price target of $36.

2. Atlassian (Nasdaq: TEAM)
Atlassian gained solidly by 5.03%. Atlassian disclosed numerous insider transactions in August, including sales by major shareholders Farquhar Scott and Cannon-Brookes Michael. On August 16, Scott sold 3957 shares, while on August 14, Cannon-Brookes sold 4457 shares.

3. Alibaba Group Holding Limited (NYSE: BABA)
Alibaba Group Holding Limited gained solidly by 4.55%. Alibaba released its 2025 Q1 financial report, showing revenue of 243.236 billion yuan, a 3.88% increase year-on-year, and net profit of 240.22 billion yuan. The company maintains strong growth amid a recovering market and improving financial strategies.

4. Coinbase Global (Nasdaq: COIN)
Coinbase Global gained solidly by 4.16%. Coinbase Global disclosed 14 insider transactions on August 16, 2024. Armstrong Brian sold 7617 shares on August 15, 2024. Additionally, Needham and Compass Point maintained buy ratings, and B of A Securities upheld a neutral rating with updated price targets.

5. Barrick Gold (NYSE: GOLD)
Barrick Gold gained solidly by 3.46%. Barrick Gold (GOLD) reported a 45.4% year-over-year increase in net profit for the first half of 2024, totaling $11.21 billion with a revenue of $59.09 billion. The company also declared a third-quarter dividend of $0.1000 per share, payable on August 30, 2024.