Strategist On Alibaba: This Was A ‘Fortunate Accident’ For Traders
Alibaba Group Holding Ltd BABA 0.16% shares are up more than 11 percent on Thursday, trading at new all-time highs after the company issued fiscal 2018 guidance calling for revenue growth between 45 and 49 percent. The new guidance came in well above consensus Wall Street expectations of 37 percent growth on the year.