Today (Tuesday), Alibaba Group Holding Ltd. (NYSE: BABA) posted $9 billion in sales. That's more sales in one day than U.S. sales on Thanksgiving, Black Friday, and Cyber Monday last year combined.
The number is making the Alibaba stock price - which sat at roughly $114.80 per share near market close on Tuesday - all the more attractive to investors.
Money Morning Defense & Tech Specialist Michael A. Robinson - who has been following the tech markets for more than 30 years - appeared on FOX Business' "Varney & Co." this afternoon to tell viewers whether he's buying BABA stock at $114:
More from Michael Robinson: Several "Ebola stocks" have seen their stock prices rise and fall recently on rumors about an Ebola vaccine. But this solid big-cap company is gearing up for a major Ebola drug trial and could have a product out in just seven months - and it's also a dividend aristocrat. Here's why this "Ebola stock" is the far better bet...