SA: Dow Jones drops 1,100+ points, Nasdaq, S&P 500 sink amid consumer stock carnage
SEEKING ALPHA reports: The Dow Jones Industrial Average tumbled more than 1,100 points Wednesday afternoon and ...
SEEKING ALPHA’s JR Research writes:
We last covered Alibaba (BABA) in November, as we encouraged readers to consider staying out until we have clarity over its regulatory stance. Two months on, the stock is still about where it was (+/- 3%), and there is still no clarity over Beijing’s guidance.
Nevertheless, Alibaba held an investor’s day in December, as they sought to assuage investors to focus on its long-term growth story as management discussed new growth areas.
BABA stock is undoubtedly cheap given ...