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Alibaba Stock Price Soars 11% Today and Will Continue Higher (NYSE: BABA)

Alibaba stock price

The Alibaba stock price soared as much as 10.6% today (Tuesday) to an intraday high of $84.45 after a top- and bottom-line beat on quarterly earnings.

For fiscal Q2 2016, Alibaba Group Holding Ltd. (NYSE: BABA) reported earnings per share (EPS) of $0.57 on revenue of $3.5 billion. Consensus estimates called for EPS of $0.54 on $3.35 billion in revenue.

But that's not the only reason the Alibaba stock price is climbing today...

Alibaba Stock Still a Buy (NYSE: BABA)

Alibaba stock was dealt another huge blow this weekend when Barron's wrote a report saying the Chinese e-commerce company's stock could drop another 50%.

Alibaba Group Holding Ltd. (NYSE: BABA) was down another 3.2% in afternoon trading following the report. Alibaba stock is now down nearly 40% this year to $62.50.

But according to Money Morning Chief Investment Strategist Keith Fitz-Gerald, the Barron's report was majorly flawed...

Alibaba Stock Up Today After $4.6 Billion Purchase of Suning (NYSE: BABA)


Alibaba stock is up 2% this morning (Monday) after the company announced it will be spend $4.63 billion on the electronics chain Suning Commerce Group Inc.

Alibaba Group Holding Ltd. (NYSE: BABA) officials said the $4.63 billion price tag will buy the company a 20% stake in Suning. In return, Suning will receive a 1.1% stake in Alibaba.

Here's what the deal means for investors...

Alibaba's Jack Ma Just Bought 28,100 Acres in Upstate New York - Here's Why

jack ma

Chinese billionaire Jack Ma just shelled out $23 million for a property in New York's Adirondacks that was once owned by William A. Rockefeller, Jr.

But that's no dent in Ma's overstuffed wallet. The co-founder and acting chairman of Alibaba is both the richest man in China and the 18th richest in the world.

Here's a look at Ma's latest expansion into the U.S. - 28,100 acres in one of America's most beautiful nature preserves - and what he intends to do with it...

The Biggest Difference Between Alibaba Stock and Amazon Stock

alibaba stock

Alibaba stock is frequently compared to Inc. (Nasdaq: AMZN) stock because both companies are each the biggest e-commerce companies in their home countries.

But Alibaba Group Holding Ltd. (NYSE: BABA) has a very different business model from Amazon.

Money Morning's Technical Trading Specialist D.R. Barton joined CCTV News on Wednesday and broke down the two businesses for viewers. They both serve millions of users every day, but the way Alibaba operates gives it a huge advantage in this one category...

The Tech Portfolio Built to Beat the Market

When I spoke with my Strategic Tech Investor readers last week, I illustrated how one of our "Million-Dollar Tech Portfolio" stocks had soared 53% in just a little over two months. But Repligen Corp. (Nasdaq: RGEN) isn't the only big winner. In fact, six of our seven investments in the Million-Dollar Tech Portfolio are up […]

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