Investors have been shunning Alibaba stock in the wake of China's stock market crash last year and concerns about slowing growth there.
But to paint Alibaba Group Holding Ltd. (NYSE ADR: BABA) with those issues is a disservice to the stock. This company has tremendous growth prospects, which is why it's our Pick of the Week.
Here's why the BABA stock price is likely to double within three years...
Before we get into what today's $1 billion acquisition means for the Alibaba stock price, here's some details about the potential packed deal.
The transaction opens up a whole new growth area for Alibaba.
Here's what you need to know...
The Alibaba stock price has rallied 12% in the last month, and we see BABA stock climbing even higher from here in 2016.
The Alibaba stock price is up 12.5% in the last month, while the Dow Jones and S&P 500 are up just 3.9% and 3.4% in the same time, respectively.
Yes, the Alibaba Group Holding Ltd (NYSE: BABA) stock price is still down 16.6% year to date, but the company has just received a new $4 billion catalyst that should drive BABA stock higher in 2016.
Before we get to the catalyst, here's why the BABA stock price has been so volatile in 2016...
The Groupon stock price has jumped over 80% in less than a week.
While that's a nice gain in the short term, long-term investors have watched the GRPN stock price fall more than 54% over the last 12 months.
Alibaba stock was volatile this morning (Thursday) after the company reported quarterly earnings. Shares jumped more than 4% at the open, but were quickly down 2.5% in morning trading.
That volatility is typical of Alibaba stock, and it underscores the investing strategy we've been recommending for Alibaba Group Holding Ltd. (NYSE: BABA) since the 2014 IPO.
The BABA stock price is down 12.99% in 2016, and investors continue to panic because of the volatile Chinese stock market.
But Wall Street is only focusing on the issues with China and are once again forgetting to look at the bigger picture.
It was a volatile year to be a BABA shareholder, but our Alibaba stock forecast for 2016 shows that there will be significant revenue growth for the company.
Chairman Jack Ma's acquisitions are going to add billions of dollars of revenue to the company, but he is far from finished from growing Alibaba's bottom line.
The Alibaba stock price is up 1% in early morning trading after the company announced two major deals.
Alibaba will create a subscription service for Disney and Pixar movies and has agreed to work with rival Tencent Holdings to place a group bid for Chinese film company Bona Film Group.
The Alibaba stock price has been rising all day on Cyber Monday.
By late afternoon, BABA stock was up over 1.5% on the day.
Activist hedge fund and key Yahoo! Inc. (Nasdaq: YHOO) shareholder Starboard Value LP has thrown a major snag in the company's Alibaba spin-off plans.
Starboard is pressuring Yahoo to halt the $20 billion Alibaba spin-off and instead sell its sputtering Internet business.
Here's what Starboard wants Yahoo to do instead....
The Alibaba stock price opened at $82.30 today (Wednesday) after the company reported record sales on the world's biggest shopping day, Singles' Day.
Alibaba Group Holding Ltd. (NYSE: BABA) stock is now up 37.2% since the start of October.
Here's what's next for the Alibaba stock price and BABA shareholders...
U.S. markets swayed this week from fresh data, Wall Street dealings, and life-changing global events...
It's the numbers that count in this crazy world. They can tell stories that words sometimes can't.
Alibaba acquired Chinese video service Youku Tudou for $3.6 billion.
As a result, the Alibaba stock price is up because of the acquisition offer.
