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Alibaba stock has been down since it traded above $120 in November – closing yesterday (Tuesday) at $105.75. But Money Morning Technical Trading Strategist D.R. Barton told FOX Business' "Varney & Co." viewers today that it's a buy.
"After the pull-back from November's $120 high, we're sitting down just a little bit below $105 today," Barton said. "It makes a great risk-to-reward opportunity to get in right here."
But while Alibaba is among the stocks to buy in 2015, Barton also suggested one of the many stocks to avoid in 2015.
To learn more about Alibaba's impressive earnings and growth potential, as well as more on a stock that Barton said he "would not touch with a 10-foot pole," watch the video below.
More Media Appearances by D.R. Barton: Barton was on WBBM's "Noon Business Hour" Monday singing Alibaba's praises, while also recommending another stock pick he said is "one of the strongest stocks in one of the strongest sectors…"