Alibaba (BABA) looks like a promising growth stock for the 2020s. The company has a diversified combination of growing businesses. In fact, all four of its segments are growing at strong, double-digit percentage rates because they are all in growing markets. As a result, the company's overall revenue and earnings growth are expected to achieve double-digit gains for FY20, FY21 (consensus) and probably for additional years.
With that in mind, I see Alibaba as a stock that is likely to outperform the broader market as measured by the S&P 500 (SPY) through at least the first half of the 2020s. The coronavirus could create a better entry point in the short-term.
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Good article. I hadn't thought of using the coronavirus to my advantage.
@[Adam Reynolds](user:80020), here's another good article about this. One that's more than a few sentences:
talkmarkets.com/.../alibaba-a-stock-to-buy-following-earnings
What is written here is only a sample of the entire article: you have to click the link to read the entire article: seekingalpha.com/.../4324544-alibaba-be-big-winning-stock-for-2020s