Alibaba Is the Best Contrarian Coronavirus Pick Now [Yahoo! Finance News]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
Last alibaba group holding limited american depositary shares each representing eight ordinary share earnings: 2/13 06:45 am
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Source: Yahoo! Finance News
The coronavirus from China has dominated the headlines so far this year as Beijing struggles to get a handle on its spread. The wider market has largely written it off, but Chinese stocks have seen investor sentiment drop. While it's true that the coronavirus is likely to dent China's economy and create challenges for its businesses, there are a handful of contrarian plays that make great buy-the-dip-candidates now. Alibaba (NYSE:BABA) stock is one such contrarian play that will likely pay off in the long term.Source: zhu difeng / Shutterstock.com Notably, when the firm released its earnings on Feb. 13, CEO Daniel Zhang admitted that the coronavirus presented a challenge. Zhang said the virus would, "present near-term challenges to the development of Alibaba's business across the board."Alibaba CFO Maggie Wu noted that, "The means of production in the economy has been hampered by the delayed opening of offices, factories and stores." Because of that, Wu said revenue growth would strug
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BABA
Earnings
- 2/7/24 - Beat
BABA
Sec Filings
- 4/2/24 - Form 6-K
- 3/26/24 - Form 6-K
- 2/23/24 - Form 20-F/A
- BABA's page on the SEC website