AABA - Alibaba: Ignore The Trade War - A Long-Term Opportunity For Bulls
Ongoing tensions between the U.S. and China and unreliable back-and-forth in communication paired with the exit of a large shareholder have triggered a correction in Alibaba's (BABA) stock price.
Source: Alibaba Investor Relations
Despite stellar earnings and financials, investors take a much more negative view currently as sentiment is vastly dominated by reacting to the latest developments in the trade war dispute. By overestimating the impact of the trade war and underestimating Alibaba's long-term growth trajectory, the stock has been taken to the cleaners and presents an excellent long-term opportunity for conviction bulls.