Exelixis Inc. (EXEL)

Exelixis released its Q2 earnings results on Tuesday and confirmed it had a productive second quarter and significantly expanded its momentum in July in several fronts. The first one was the release of excellent top line results for METEOR, its Phase 3 pivotal for Cometriq and second line RCC, which is the most prevalent type of kidney cancer. The second one was achieving a successful financing where Exelixis raised about $146 million to help the company implement its plans to commercialize Cometriq for RCC in the U.S. pending approval.

CEO Mike Morrissey explained that the top priority now for Exelixis is to accelerate the submission of regulatory applications for Cometriq in advanced RCC in both the US and EU, which it expects to file in early 2016.

Besides that, The company’s Q2 EPS of -$0.22 misses by $0.01 and its revenue of $8 million, which means a Y/Y increase of 22%, misses by $0.69 million.

Alibaba Group Holding Limited (BABA)

Alibaba, the Chinese-based e-commerce giant that compares itself to, will report its Q2 earnings pre-opening bell on Wednesday. The company is facing a couple of headwinds at the moment. One of them is the recent move by China’s central bank to devalue its yuan, which clearly underlines the government’s discomfort with its sputtering economy. Those government regulations are doing Alibaba a lot more harm than good, and while we’re still unsure if this specific move could set off a global “currency war”, it is certainly creating chaos for the company both within and outside its home territory.

Alibaba’s revenues are expected to increase significantly from last year’s results. Analysts predict a 33.5% revenue jump to $3.39 billion and an adjusted EPS of $0.58.

Alibaba has recently invested in several companies, like its three-year investment into a bold cloud endeavor, and its margins have probably eroded with $1 billion. The company, which increased its spending in order to expand its cloud capabilities, is convinced that cloud is just another area that it can take on Amazon. Just for the record, Alibaba is at the moment clearly the leading cloud-computing seller in China.