Australia markets close in 46 minutes
  • ALL ORDS

    7,744.50
    -27.30 (-0.35%)
     
  • ASX 200

    7,536.10
    -22.00 (-0.29%)
     
  • AUD/USD

    0.6943
    +0.0019 (+0.27%)
     
  • OIL

    73.49
    +0.10 (+0.14%)
     
  • GOLD

    1,889.80
    +13.20 (+0.70%)
     
  • BTC-AUD

    33,027.34
    -818.16 (-2.42%)
     
  • CMC Crypto 200

    525.82
    -11.04 (-2.06%)
     
  • AUD/EUR

    0.6427
    +0.0016 (+0.24%)
     
  • AUD/NZD

    1.0965
    +0.0031 (+0.28%)
     
  • NZX 50

    12,197.15
    +44.95 (+0.37%)
     
  • NASDAQ

    12,573.36
    -229.74 (-1.79%)
     
  • FTSE

    7,901.80
    +81.64 (+1.04%)
     
  • Dow Jones

    33,926.01
    -127.89 (-0.38%)
     
  • DAX

    15,476.43
    -32.77 (-0.21%)
     
  • Hang Seng

    21,160.25
    -500.22 (-2.31%)
     
  • NIKKEI 225

    27,700.86
    +191.40 (+0.70%)
     

I'm Getting More Comfortable With My Alibaba Stock. Here's Why

I'm Getting More Comfortable With My Alibaba Stock. Here's Why

It's been challenging to hold Alibaba's (NYSE: BABA)stock over the last two years as it lost more than 70% of its market value. As the stock price fell, investors questioned whether Alibaba had reached its prime and was bound to decline further. While it's still early, Alibaba's latest earnings result justifies my earlier decision.