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Alibaba Stock Surges 26.4% YTD: 3 Other Factors That Make it a Buy
BABABABA(BABA) ZACKS·2024-10-24 17:02

Amid the dynamic landscape of global e-commerce, Alibaba (BABA) stands out as a compelling investment opportunity for the near term. The stock has already demonstrated remarkable momentum through a 26.4% year-to-date surge. It has outperformed the Zacks Internet-Commerce industry's return of 24.7%, the Zacks Retail-Wholesale sector's rise of 20.2% and the S&P 500's rally of 22.7%. Apart from this impressive rally, the Chinese tech giant's three fundamental strengths that make it an attractive proposition fo ...