Before earnings are announced, investors are bidding up the stock price for Alibaba, the massive Chinese technology and retail company. Should you consider buying also? As the company’s share prices bounce back to more closely resemble their pre-pandemic highs, Gil Luria, D.A. Davidson’s Director of Institutional Research, said part of the Alibaba share price increase may stem from China being well on the road to recovery from continued major COVID-19 outbreaks. Luria commented on Alibaba’s fortunes in “Tread Carefully, but Continued Growth Makes Alibaba Stock a Buy,” a Yahoo! Finance article by Thomas Niel.
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