Alibaba: Better Days Ahead

Robert Way/iStock Editorial via Getty ImagesMy last article about Alibaba Group Holding Limited (NYSE:BABA) was published about three months ago in May 2024. Since my last article was published, the stock declined about 5%, while the S&P 500 (SPY) increased about 5% in the same timeframe. Last week, Alibaba reported second quarter results and while the company did beat estimates for non-GAAP EPS, it missed revenue by about $1.15 billion. And the stock continued to be caught in its huge range between abo ...