Alibaba's Decline Isn't Enough To Get Me To Pull The Trigger

2026-02-16 23:48:01 ET

In the past, one company that I was very bullish on was Alibaba Group Holding Limited ( BABA ). In fact, I only just downgraded the company from a ‘buy’ to a ‘hold’ back in October of last year. In the time that I had been bullish on it, the stock had risen 72%, outperforming the 64% increase that the S&P 500 saw over the same window of time. I know that's not a huge amount of outperformance, but it's outperformance all the same. Since then, the stock has poured back, dropping 5.9%. Meanwhile, the market is up 3.2%. This makes me feel more confident in my decision to downgrade the stock, though of course over short windows of time we can see volatility that does not make sense....

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