On Thursday, May 7th Alibaba Group Holding Ltd. (BABA) is in the spotlight as the Chinese online retailer gets set to report its latest quarterly earnings results. The company is scheduled to report its fiscal fourth quarter results before the market opens. TheStreet's Jim Cramer says Yahoo! (YHOO) is better to own than Alibaba. We also highlight six other notable earnings including Priceline Group (PCLN), Kate Spade (KATE), Orbitz Worldwide (OWW), CBS (CBS), Freshpet (FRPT), and TrueCar (TRUE). On the economic calendar, we note weekly jobless claims and consumer credit data. TheStreet's Kurumi Fukushima reports in New York.