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Our Alibaba earnings preview has high hopes for the Chinese e-commerce giant.
Money Morning Chief Investment Strategist Keith Fitz-Gerald told viewers on FOX Business' "Varney & Co." that Alibaba Group Holding Ltd. (NYSE: BABA) should fare better than its counterparts in the west. Alibaba, he said, will likely see increased mobile penetration and an expansion into international markets when it reports earnings Thursday. This is a boost for a company that is already sitting on a lot of cash.
Alibaba stock may be seeing some weakness lately, but that's because the broader markets haven't caught on yet to reality.
"This stock is a game changer," Fitz-Gerald said. "It's really moving with real money."
While BABA is a winner, there's another popular tech stock Fitz-Gerald tells investors is not a buy right now…
To see why Fitz-Gerald is buying Alibaba stock and selling another big tech name, check out his appearance below.
Alibaba isn't the only company reporting earnings this week… this week is a big one for tech. To see which big tech names will be releasing quarterly figures this week, check out our report on upcoming earnings to watch…