" on Wednesday. "We're looking for insulation from the broader macro level events. And Alibaba provides that with their strong e-commerce strategy and we think that can continue. … We believe in sticking with that strength."both remain negative. The stock hit an all-time high a week ago.
Mark Tepper, president of Strategic Wealth Partners, is bullish on Chinese stocks more generally. He holds theCovid narrative. It is front and center right here in the U.S. and people are afraid. You barely hear about it in China and I'm not saying it's not as bad there, I'm just saying you don't hear about it," he said during the same segment."There's no doubt that China's middle class is growing and I think Alibaba really is the best way to play it. We own the company, not just for e-commerce but also for the cloud, food and grocery delivery," said Tepper.
Source: News Formal (newsformal.com)
TradingNation ALIBABA doesn't sound chinese...
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