KarenAldridge
08-22

$Alibaba(BABA)$ Stock Connect is the next shiny thing. Is that better than the prior 2024 catalysts. 2023 tax loss selling ended. Jack Ma didn't sell shares. Wu is better CEO than Zheng. Ant received regulatory approval.  Made Barron’s Top Ten in 2024 list. Ma and Tsai bought $200M of BABA. $278B stimulus announced. China reduced reserve requirements and banned loaning of restricted shares. China cut interest rates. Burry and Tepper bought. Interest rate cut. Record share buyback of $4.5B in Q1. Ma supports Tsai and BABA's recovery plan and BABA’s direction. Better than expected Q1 economic data. BABA announced massive cloud and AI investments. Another special dividend announced. Convertible bond deal. Beckham named AliExpress spokesman. Alibaba Guaranteed. India expansion. Rotation into BABA from Mag7.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
3