Trade Escalation Creates Opportunity for Alibaba Stock
The White House has put forth a preliminary tariff on $50.0 billion of China imports and is threatening to increase that to another $200.0 billion and even $500.0 billion. The potential escalation in the trade war is scaring investors of Chinese stocks. My view, however, is that it also creates an opportunity to add on the weakness, including one of my top Chinese Internet stocks, Alibaba Group Holding Ltd (NYSE:BABA).
The current market apprehension of BABA stock has been triggered by rising fears that a China trade war with the U.S. will hurt the economies of both countries.
While the negative impact.
Den vollständigen Artikel lesen ...
The White House has put forth a preliminary tariff on $50.0 billion of China imports and is threatening to increase that to another $200.0 billion and even $500.0 billion. The potential escalation in the trade war is scaring investors of Chinese stocks. My view, however, is that it also creates an opportunity to add on the weakness, including one of my top Chinese Internet stocks, Alibaba Group Holding Ltd (NYSE:BABA).
The current market apprehension of BABA stock has been triggered by rising fears that a China trade war with the U.S. will hurt the economies of both countries.
While the negative impact.
Den vollständigen Artikel lesen ...