
Frontline Ltd. ($FRO) reported its second-quarter earnings with an adjusted earnings per share (EPS) of $0.62 and announced a dividend of $0.62. The company highlighted a busy refinancing quarter and solid time charter equivalent (TCE) bookings for the third quarter. Following the earnings announcement, shares of Frontline opened up over 4%. In the technology sector, Alibaba Group Holding Ltd. ($BABA) received positive ratings from analysts, with Jefferies reiterating a Buy rating and a price target of $116, while Needham also maintained a Buy rating with a price target of $210 for Alphabet Inc. ($GOOGL). Analysts noted that Alibaba has completed necessary rectifications over the past three years, marking a new beginning for the company, which is expected to invest in innovations. Additionally, Chinese ADRs, including $BABA, $JD, and $PDD, have seen an uptick, attributed to state fund buying, indicating a potential recovery in the sector.


