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Technology Stocks : Alibaba Group Holding Limited
BABA 187.250.0%5:05 PM EDTNews

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From: Paul Senior12/15/2017 10:49:37 AM
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From Barron's today:






Shares of Alibaba (BABA) are lower this morning, but MKM Partners doesn't think the stock will be down for long.ILLUSTRATION: BLOOMBERG NEWSAnalyst Rob Sanderson reiterated a Buy rating and $200 price target on the stock Friday, writing that Alibaba still has the best fundamentals among its mega-cap peers, and that the recent selloff is a buying opportunity.He attributes the weakness in the shares to sector rotation out of large-cap internet stocks, lower Asian stocks in general, and data from the National Bureau of Statistics of China that showed online sales of physical goods decelerated by 600bps (to 21%) from October to November. That may sound bad, but he argues that the data is volatile, and Alibaba reported 39% year-over-year growth during the Single’s Day festival, which is likely 25-30% of the month’s total volume. He also believes that its Tmall is taking market share from JD.com (JD).
I take a few more shares (fwiw).
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