US Stocks Surging Above Pivot Point: $BABA $BRK.B $WMT

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Alibaba Group Holding Ltd adds three data centers in China

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Alibaba Group Holding Ltd (NYSE:BABA) is flaming past the pivot point of 244.59, going up in the stock market. The Chinese juggernaut on July 31 wrapped up deploying three additional data centers in Ulanqab city, Hangzhou, and Nantong, as it continues to add more than 1 million servers in regional infrastructure development.

In last 5 years, Alibaba has added data centers in 22 regions across the world, with a total tally coming in at five super centers and one hundred data centers in all.

These new centers are said to be energy efficient, high in computing power and upgraded in scale. The new data centers use 24-hour robots for the purpose of maintenance and operation.

Berkshire Hathaway purchases additional $400 million Bank of America shares

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Berkshire Hathaway Inc. Class B (NYSE:BRK.B) spiked up than its pivot point 189.93, and is reflecting a bullish day. The Omaha company of Warren Buffet has recently purchased additional $400 million of the stock of Bank of America, adding the total tally at 998 million shares, representing around 11.5% of the stock.

Berkshire had purchased 16.4 million Bank of America shares last week. This purchase seems important since investors look up to Warren Buffet, the king of investments, as an ideal.

Walmart Inc to sell Genius Brands' Rainbow Rangers pre-school toys

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Walmart Inc (NYSE:WMT) invigorated at a higher price than its pivot point 127.25, and the stock is ratchet up in the share market. Yesterday, Genius Brands International, Inc. (NASDAQ: GNUS) announced that after having developed and produced Rainbow Rangers for a period of four years, it is making the preschool series available on Walmart stores across the country, apart from, Inc. (NASDAQ: AMZN).

Rainbow Rangers is the debut toys collection of Genius Brands from Fisher-Price, which is Mattel, Inc. (NASDAQ:MAT) division. The toys are supposed to generate considerable sale, given the amount of promotional campaign, national advertising and TV advertising.

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