Alibaba Stock Is Still a Strong Buy in 2020
Legendary Chinese executive Jack Ma stepped down as the executive chair of Alibaba Group Holding Ltd. (NASDAQ: BABA) in Fall of 2019, but the retail juggernaut is still going strong, even in the midst of a pandemic.
When he left, investors wondered what would be next for Alibaba stock.
While it fell 5% in the immediate aftermath of the announcement that Jack Ma was leaving, sending shares to a record low for the year, the company has still seen a 38% increase in revenue from last year.
The unknowns regarding the global economy are definitely present, but it is no time to run from Alibaba stocks.
In fact, Alibaba stock prices may still be a bargain making it a great time to invest.
Alibaba started as a small online shop in Hangzhou about 20 years ago. It's now China's top online retailer. In Q3 of fiscal 2020, they reported $23.2 billion in revenue.
BABA underwent an initial public offering in the United States in 2014. Since then, the Alibaba stock price has risen because highly impressive sales increases and its market dominance in China.
Between Ma's departure and coronavirus, Alibaba still remains a worthwhile investment.
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Despite the changes over the past year, Alibaba remains a thriving, growing company.
They have expected profit growth of 28.3% this year, and 22.6% in 2021. With Alibaba stocks trading at a forward price-to-earnings (P/E) ratio of 25.1 and projected growth to continue, Alibaba stocks are still considered a bargain.
And, Alibaba stocks continues to trade within 5% of its all-time high.
Despite a decline in early 2020 from fears of trade wars and the pandemic, it is expected to bounce back as China recovers from coronavirus threats.
Investors willing to take a long-term approach should certainly keep Alibaba in the forefront of their minds.
Coronavirus is causing crises across the globe, and while circumstances feel quite dire, they will resolve…just as China is starting to see as the virus begins to subside.
There were big predictions for China's stocks in early 2020, which didn't happen, but as the rest of the world is reeling, China is slowly coming back.
That means there could be big things coming later in 2020 for China and Alibaba stocks.
Why? A big part is that Alibaba is a master at online retail sales. Even though other retail sales dropped, online sales had only a slight downturn through January and February.
And when it comes to Alibaba's cloud computing, there's actually been an increase in demand with so many organizations suddenly having to move services and work online. With unknowns around how long services will need to remain primarily online, Alibaba's cloud services should continue to see a boost.
Alibaba's immense consumer base is why the company remains one of Money Morning Executive Editor Bill Patalon's top stock picks. Bill first told investors that the company's stock was a strong buy in January 2016, when the company was trading for only $69.
Today, with Alibaba trading for $199.44, Bill continues to call the company a strong buy.
Wall Street analysts placed a high price target on Alibaba stocks for 2020, which may not be reached following coronavirus, but expectations remain positive for the remainder of the year.
Tom Gentile has uncovered a low-cost, high-potential opportunity that's practically tailor-made for today's market.
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In September, legendary Chinese executive Jack Ma announced he was stepping down as the executive chair of Alibaba Group Holding Ltd. (NASDAQ: BABA).
This is a significant development that's left investors wondering what's next for Alibaba stock.
Alibaba stock, already roiled this year by aggressive trade war tactics between the United States and China, fell 5% in the immediate aftermath of the announcement. That sent the shares to a record low for the year.
However, this is no time to run from China's online retail juggernaut.
In September, legendary Chinese executive Jack Ma announced he was stepping down as the executive chair of Alibaba Group Holding Ltd. (NASDAQ: BABA).
This is a significant development that's left investors wondering what's next for Alibaba stock.
Alibaba stock, already roiled this year by aggressive trade war tactics between the United States and China, fell 5% in the immediate aftermath of the announcement. That sent the shares to a record low for the year.
However, this is no time to run from China's online retail juggernaut.
Don't let the news of the day change your investment strategy. You don't want to sell winning companies - the ones that dominate their sectors - because of a single event.
That's especially true this week with the Chinese e-commerce juggernaut Alibaba Group Holding Ltd. The company confirmed recently that its founder and leader Jack Ma will step down as executive chair next year and leave the company board of directors the year after that.
Don't be fooled - this could be the best buying opportunity you'll ever see for Alibaba stock...
With Chinese trade war turmoil rocking Chinese stocks on American markets, many investors are wondering if they should still consider buying Alibaba Group Holding Ltd.'s (NYSE: BABA) stock.
If Wall Street is to be believed, investors should stay far away - between January and May, Alibaba's stock dropped 18% as the White House
pushed for aggressive trade relations with China.
However, Wall Street is overreacting per usual. As the company's recent earnings report illustrated, Alibaba's growth potential has only gotten stronger over the last year. Earnings increased 44.4% year over year, while revenue increased 61% to $9.87 billion.
Here's why now is a great time to buy China's best retail stock...
Earlier this month, we reported on the massive profit potential of Alibaba Group Holding Ltd., one of our favorite stocks to take advantage of China's incredible growth.
Alibaba is one of the best stocks to hold over the long term.
But we've also devised a way for you to profit from Alibaba without buying BABA stock.
Here's how you can make a killing from this growing e-commerce company today...
Alibaba Group is often considered the "Amazon of China."
But few investors truly understand the huge profit potential that Alibaba stock offers.
Here's the biggest reason why the media doesn't understand the giant e-commerce company...
One of the questions we keep hearing from tech investors is "how much is Yahoo's stake in Alibaba worth?"
Today, we're breaking down the complete relationship between Alibaba and Yahoo, including the value of this massive stake.
Here's everything investors need to know today...
The Alibaba stock price history tells the story of how the Chinese online retail giant has struggled to reach its potential, but there are plenty of reasons to expect bigger gains soon.
Today is Alibaba Singles' Day, the biggest day of the year for BABA. The annual shopping extravaganza has already hit record numbers before the day even finished.
This year, more than 5,000 brands from more than two dozen countries competed.
Sales from this year's event are for the record books...
The Alibaba earnings report for the third-quarter drops tomorrow (Wednesday) before the open.
The Alibaba stock price has widely outperformed the broader market this year, and shares are priced for perfection.
Here's what you need to know about the Alibaba earnings report...
The Alibaba stock price hit a 52-week high of $103.36 today (Tuesday) and it's heading higher.
The company continues to expand its scale and scope.
That's why we think BABA is poised for more growth and profits...
p>The Alibaba stock price has outperformed the markets this year, with an impressive 19.14% gain in 2016.
We see more gains ahead.
The Alibaba stock price jumped 5.5% to a 52-week high of $92.76 today after better than expected Q2 2016 results.
This is just the start of the Alibaba stock price rally.
The Alibaba stock price today is falling after one of its biggest holders, SoftBank, sold $7.9 billion worth of BABA stock.
After Alibaba reported it was under investigation from the SEC at the end of May, investors can't seem to catch a break with this company.
Alibaba shares slumped 3.67% to $78.14 Wednesday after the company acknowledged the SEC is looking into the Chinese e-commerce giant's annual blockbuster sale day.
But we're still not concerned about the Alibaba stock price today...
