$Alibaba(BABA)$ Alibaba leads China's $2.7 trillion e-commerce market with its popular Tmall and Taobao marketplaces, and it also has its tentacles in many other growth markets, such as fintech and cloud services. Over the last 10 years, Alibaba grew revenue 36% per year, but a volatile economy in China over the past few years has sent its stock tumbling to new lows.

Alibaba's revenue slowed to an increase of just 2% year over year, coming in at $126 billion. The good news is that a recovery in consumer spending serves as a catalyst to send the stock back up. The shares trade at an unbelievably cheap valuation of less than 10 times this year's consensus earnings estimate.