Celina Jade
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Celina Jade in Markets at a glance,

Alibaba, AutoZone in spotlight

Alibaba Group Holding Ltd.

SAN FRANCISCO (MarketWatch)—Among the companies whose shares are expected to see active trade in Monday’s session are Alibaba Group Holding Ltd. and AutoZone Inc.

Alibaba AZO, -1.10% lived up to expectations Friday and surged 38% to close at $93.89 on its first day of trading in the U.S. market.

Analyst Youssef Squali at Cantor Fitzgerald initiated coverage of the stock at a buy with a price target of $90.

“We believe that a differentiated pricing model, strong brand, and unmatched scale give Alibaba an unfair competitive advantage relative to peers both in and outside China,” Squali wrote in a note.

AutoZone AZO, -1.10% is expected to report fourth-quarter earnings of $11.25 a share, according to a consensus survey by FactSet.

Ascena Retail Group Inc. ASNA, -0.82% is projected to post fourth-quarter earnings of 18 cents a share.

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