It has been about a month since Alibaba (BABA) pulled off the biggest IPO in history, raising more than $25 billion. Yet the company has not escaped the wrenching correction in the equities markets. So far, Alibaba stock is off 10% from its high.
But this could be a nice entry point for investors interested in Alibaba stock. The fact is that BABA stock should benefit from strong long-term trends in its businesses, such as its ecommerce marketplaces, the cloud and payments.
There may also be a nice short-term boost from the expiration of the quiet period — which comes on October 29. Read