Here's Why You Should Still Buy Alibaba Stock Even Near All-Time Highs
November 20, 2019 at 12:59 PM EST
Like many holidays, Singles Day in China has morphed into a massive moment of commerce heavily promoted by Alibaba Group Holding Ltd. (NASDAQ: BABA). In fact, it’s become the biggest shopping day in the world. The 2019 version of Singles Day was another record breaker. In 24 hours, more than $38 billion was spent over Alibaba’s network of e-commerce sites. And the massive amount of money spent on Singles Day is just one of dozens of reasons to buy Alibaba stock despite its high price tag… Read more... Tags: Technology Article To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2019 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Here's Why You Should Still Buy Alibaba Stock Even Near All-Time Highs appeared first on Money Morning - We Make Investing Profitable .