Forget about Amazon.com.
Alibaba is becoming the global e-commerce killer.
Last Friday, Nov. 10, I told my paid-up Private Briefing subscribers to expect a big sales day Saturday from Alibaba, the Chinese e-commerce giant that remains one of our very favorite stocks.
The catalyst for our optimism was "Singles' Day," a Chinese "shop-'til-you-drop" holiday that has become a yardstick analysts use to gauge Alibaba's near-term health. (Think Black Friday and Cyber Monday, plus the month before Christmas, and Valentine's Day, rolled into one great big ball of revenue.)
As it turned out, they should have called it "Home Run Day" – the sales surpassed even the most bullish projections.
Let me share some of these numbers – because they will blow your mind.
Then, I'll show you what these numbers really tell us.
It's a conclusion nobody else is seeing.