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Is Buying Alibaba Stock a Gift to Chinese Hackers?

In all the excitement over the Alibaba Group Holdings Ltd. (NYSE: BABA) IPO, there are some investors who are saying no to buying Alibaba stock – all because of where it does business.

They think that Alibaba has to be working with the Chinese government, which is thought to be hacking into U.S. businesses on an enormous scale.

But passing on a company like Alibaba comes with a cost to your portfolio…

Money Morning Chief Investment Strategist Keith Fitz-Gerald joined FOX Business' "Varney & Co." to answer host Stuart Varney's question: "Why would an investor hand over information to a company doing business with the Chinese government?"

Watch the video below for Fitz-Gerald's answer, as well as his forecast for where Alibaba stock price is headed.

 

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