We're also watching consumption data for signs of inflation. Plus, home sales, a revision to the second-quarter GDP reading, and durable goods orders.
The Chinese e-commerce giant’s first public update shows the power of the firm’s network effect, though shares are slightly overvalued at today’s levels, says Morningstar’s R.J . Hottovy .
Comparisons to China are premature, but investors find its long-term growth potential hard to ignore.