The Dow Jones Industrial Average rallied 250 points Tuesday, as the stock market looked to bounce after Monday's sell-off. Read More...
TipRanks
Alibaba: Solid Upside Despite Macro Concerns
The descent in Alibaba (BABA) stock continues, despite the Chinese tech giant having started FY22 on a solid note, including double-digit growth in revenues. To give a little background, Chinese tech stocks, including Alibaba, are under pressure amid China’s heightened regulatory scrutiny. Alibaba stock has lost over 50% of its value in the last 12 months. Meanwhile, it has declined by about 40% this year. Regardless, I maintain a Bullish outlook on BABA stock. See today’s analyst top recommende
