- Alibaba (BABA) is gaining (+5.67%) since posting strong Q2 results this morning and Yahoo (YHOO +3.8%) is following suit.
- Yahoo's recent deal with Verizon involved core assets and real estate while maintaining its 15% investment in Alibaba.
- Yahoo is up more than 9% on a 1-month basis, over 10% on a 3-month basis and is currently trading at its highest point in more than a year, up 15% on a 1-year basis.