Morning Stock Movers: Alibaba, Pinduoduo, Didi, Palo Alto

The transcript discusses market optimism, particularly in Chinese tech stocks, with indices like Hang Seng and Hang Seng Tech showing significant gains. Alibaba and other Chinese companies are performing well in the US pre-market. Carrot Therapeutics, a biotech company, sees a 22% rise due to FDA approval for a kidney disease treatment. Palo Alto Networks reports strong earnings and guidance, with a bullish outlook for 2022. An upcoming White House cybersecurity meeting involving major tech companies is expected to boost cybersecurity spending, benefiting companies like Palo Alto Networks and CrowdStrike.

What was the percentage increase of the Hang Seng Tech index on the day mentioned?

• 7%

• 5%

• 10%

• 2%

Which small biotech company saw a significant rise due to FDA approval?

• Palo Alto Networks

• Carrot Therapeutics

• Alibaba

• CrowdStrike

What was notable about Palo Alto Networks' earnings report?

• They did not report earnings

• They exceeded expectations

• They matched expectations

• They missed expectations

Which major tech companies are expected to attend the cybersecurity meeting at the White House?

• Google and Facebook

• IBM and Oracle

• Apple and Microsoft

• Tesla and SpaceX

What is the expected impact of the cybersecurity meeting on companies like Palo Alto Networks?

• Reduction in government contracts

• Increase in cybersecurity spending

• No change in market position

• Decrease in cybersecurity spending