Alibaba Group Holding Ltd. (NYSE: BABA) stock has been hovering around $90 per share today (Monday), the stock's second full day of trading. At that price, BABA stock is trading up more than 32% from its offer price of $68 per share. But according to Money Morning's Chief Investment Strategist Keith Fitz-Gerald, those gains are just the start for BABA stock.
Fitz-Gerald joined FOX Business' "Varney and Co." today and detailed exactly why he's recommending Alibaba stock now. Here's what he has to say about the "Internet company of the world."