Alibaba Stock: Long-Term Bull Story Remains in Place
As we witnessed over the past few days, the market reacts extremely positively to any signs of an end to the trade war with China.
Whether there will be a near-term deal when President Donald Trump meets with President Xi Jinping in a few weeks is anyone's guess.
The only certainty is that an escalation of the trade war is negative for both sides.
While U.S. technology stocks have retrenched, the selling has been much more prevalent on the Chinese Internet players-the majority of which are in bear territory.
One of my top picks in the China Internet space remains mega-cap Alibaba Group Holding Ltd.
Den vollständigen Artikel lesen ...
As we witnessed over the past few days, the market reacts extremely positively to any signs of an end to the trade war with China.
Whether there will be a near-term deal when President Donald Trump meets with President Xi Jinping in a few weeks is anyone's guess.
The only certainty is that an escalation of the trade war is negative for both sides.
While U.S. technology stocks have retrenched, the selling has been much more prevalent on the Chinese Internet players-the majority of which are in bear territory.
One of my top picks in the China Internet space remains mega-cap Alibaba Group Holding Ltd.
Den vollständigen Artikel lesen ...