BABA - Alibaba Isn't Dead Money As Pessimism Peaks
2024-05-13 09:00:00 ET
Summary
- Alibaba's upcoming earnings release on May 14 will be closely watched.
- Alibaba stock has outperformed the S&P 500 recently, suggesting BABA's pessimism has likely peaked.
- Alibaba's decision to reverse some restructuring plans is wise amid relatively weak valuations.
- I provide vital insights into the critical levels of BABA stock that investors should pay close attention to.
- With BABA rallying into its upcoming earnings release, all eyes will be on management to deliver.
Guess What? Alibaba Stock Outperformed Recently
Alibaba Group Holding Limited ( BABA ) investors are waiting for its upcoming earnings release with bated breath. As a reminder, Alibaba's fourth fiscal-quarter earnings release is expected to be delivered on May 14. BABA stock has surged well above its January and April 2024 lows as renewed buying vigor returned to Chinese equities recently. Further buying momentum from institutional investors could drive BABA and its leading peers higher, as bullish investor positioning remains relatively light. Coupled with BABA stock's reasonable valuation and its fundamentally strong business model, it could attract value and momentum investors to add more exposure....
Alibaba Isn't Dead Money As Pessimism Peaks