Why Alibaba (NYSE: BABA) Stock Is a Buy

Alibaba Group Holding Ltd. (NYSE: BABA) stock has been hovering around $90 per share today (Monday), the stock's second full day of trading.

At that price, BABA stock is trading up more than 32% from its offer price of $68 per share. But according to Money Morning Chief Investment Strategist Keith Fitz-Gerald, those gains are just the start for BABA stock.

Fitz-Gerald joined FOX Business' "Varney and Co." today and detailed exactly why he's recommending Alibaba stock now. Here's what he has to say about the "Internet company of the world."

Plus, find out another way that Fitz-Gerald is investing in Alibaba now...

Alibaba (NYSE: BABA) stock has hovered near $90 today, a 33% premium from the offer price. But BABA stock has a lot of room to run still.

NOW: Other investors will hate you for using this strategy, because you'll be leaving nervous sellers in the dust...