BABA Stock: Is It A Buy Now? Overhead supplyis an issue with Alibaba stock, with the stock nearly 30% off it high. The stock's 10-week moving average, currently around 96, is a potential resistance level to watch. Currently, Alibaba stock is holding support at its 40-week moving aver...
From its double-bottom low in March, Alibaba stock rallied 88% to its Oct. 27 high. From there though, the stock began to wobble. The action remained controlled and bullish until Nov. 3. However, it wasn’t the election sinking Alibaba, it was news that the Ant IPO was being pushed ...
I’vewritten repeatedlyabout the long-term opportunityAlibaba(NYSE:BABA) presents for growth investors. So far in 2020, there have been multiple developments that have added to the Alibaba stock bull case. In fact, Alibaba recently announced a massive new investment in its cloud services business....
I believe the prosperity of this industry, Alibaba is clearly a leader in this sector. According to [1], Chinese cloud computing industry is projected to exceed300 billion yuan ($42.3 billion) by 2023.BABA has only 15 billion yuan in this quarter, projecting to 60 billion for the year, r...
“We have spoken to several investors since our recent high-conviction buy call on Alibaba,” J.P. Morgan analyst Alex Yao wrote in a Thursday note. “Based on these investor conversations, we believe there will be incremental buyers for the stock if Alibaba continues to demonstrate fundamental...
Final Take: The Case for Alibaba Stock As I rate Alibaba as a Buy, I believe the upside potential for Alibaba stock is clear, given its de-risked valuation compared to peers, its aggressive push into AI, and the immense opportunity in China’s cloud market, which is still in its early...
“When I have a competitor like Google and eBay, as a Chinese local company, we can learn a lot, we can improve ourselves. They should be careful of us.” Alibaba set the record for the biggest IPO in history, which took place at the New Yor...
Somebody asked me if I could describe Alibaba’s business model in one sentence. The answer is no, I can not. Can I compare Alibaba to similar companies in America? NO. Am I worried about the stock price? Yes and no. We operate in China and very few overseas investors understand us....
Alibaba, JD.com and other U.S.-listed Chinese companies were under pressure Tuesday as the China stimulus rally faded.
Alibaba's U.S.-traded shares soared Monday after Chinese authorities announced plans to expand stimulus spending next year and co-founder Jack Ma highlighted the company's potential to benefit from AI. Alibaba affiliate Ant Group also named a new CEO.