Alibaba Stock Could Be The Next Facebook

Alibaba Group Holding Ltd (NYSE:BABA) shares have been on quite a run so far in 2016. In fact, this month shares surged above $100 for the first time in over a year.

Analysts and traders often compare BABA to, Inc.(NASDAQ:AMZN) because of the two companies’ shared e-commerce and cloud services businesses.

When it comes to Alibaba stock, however, Facebook Inc (NASDAQ:FB) makes for a much better comparison. In fact, FB’s past could be a glimpse into BABA’s future.

Why Is Alibaba Stock on Such a Run?

Alibaba shares are now up more than 40% in the past three months. For a company with a market cap of more than $270 billion, that’s a major move. What’s driving the recent numbers? BABA’s incredible growth is showing no signs of slowing down. In fact, BABA’s impressive year-over-year revenue growth has accelerated to 39% and 59% in the second quarter and Q3, respectively.

Earlier this month, Brean Capital reported that Alisports registered 10 times as much traffic during the Olympics as it does on a typical day. The platform reached an audience of 3.8 billion live viewers during the games. Mobile viewers made up about 78% of that audience, PC viewers represented 20% and TV viewers represented only 2%.

Mobile Transition Is Key for Alibaba

For FB stock investors, the “transition to mobile” was…

Click here to continue reading

Want to learn more about how to profit off the stock market? Or maybe you just want to be able to look sophisticated in front of your coworkers when they ask you what you are reading on your Kindle, and you’d prefer to tell them “Oh, I’m just reading a book about stock market analysis,” rather than the usual “Oh, I’m just looking at pics of my ex-girlfriend on Facebook.” For these reasons and more, check out my book, Beating Wall Street with Common SenseI don’t have a degree in finance; I have a degree in neuroscience. You don’t have to predict what stocks will do if you can predict what traders will do and be one step ahead of them. I made a 400% return in the stock market over five years using only basic principles of psychology and common sense. Beating Wall Street with Common Sense is now available on Amazon, and is always available on your local internet!