Bears Are in Trouble in Alibaba Group Holding Ltd Stock
On and off the price chart, Alibaba Group Holding Ltd (NYSE:BABA) is building the case for investors. Alibaba, or what many rightly call Asia’s Amazon.com, Inc. (NASDAQ:AMZN) recently reaffirmed its position as the continent’s 800 lb. gorilla after delivering a stellar Q4 confessional. Bottom line, BABA’s solid earnings beat, raised guidance and enviable growth prospects in key markets as InvestorPlace’s Luke Lango recently laid out are simply hard to ignore — or worse yet, bet against.
Source:: https://finance.yahoo.com/news/bears-trouble-alibaba-group-holding-150745223.html
