Alibaba Stock Is Still a Strong Buy After Jack Ma's Departure
Legendary Chinese executive Jack Ma announced he was stepping down as the executive chair of Alibaba Group Holding Ltd. (NASDAQ: BABA) in September.
This 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 fact, this is a buying opportunity for those who want to invest in Alibaba stock…
Alibaba started as a small online shop in Hangzhou 19 years ago. It's now China's top online retailer. In its last fiscal year, profits hit $10.2 billion.
BABA underwent an initial public offering in the United States in 2014. Since then, the Alibaba stock price has skyrocketed 73% because of its highly impressive sales increases and its market dominance in China.
Ma guided the company through this explosive growth. But there's no reason to think that this growth will slow down without Ma.
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You see, Alibaba has been planning a transition in leadership for some time.
According to The Wall Street Journal, Alibaba began planning a leadership change in 2013, when Ma transitioned from CEO to executive chair. During this transition, Alibaba veteran Daniel Zhang became the new CEO.
As a result, Zhang has supervised Alibaba's staggering growth over the past several years as CEO.
Spearheading the move to combine online retail with brick-and-mortar shopping, Zhang implemented BABA's outrageously successful Singles Day strategy.
With Zhang replacing Ma as executive chair next year, the company is sending a clear signal that BABA will continue to follow its existing, highly successful strategy.
In fact, the company could become more profitable than ever…
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.
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.
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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...
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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...
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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.
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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...
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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...
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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...
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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.
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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...
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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...
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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...
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p>The Alibaba stock price has outperformed the markets this year, with an impressive 19.14% gain in 2016.
We see more gains ahead.
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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.
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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.
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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...
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