In the wake of unprecedented economic stimulus packages, the market has experienced a remarkable upswing, with Alibaba Group Holding Limited (NYSE:BABA) leading the charge. Since my initial buy recommendation in February, the stock has surged an impressive 60%, driven by the injection of liquidity into the system. As investors eagerly anticipate the upcoming earnings report, the company’s robust financials, including its free cash flow, are expected to further fuel the rally.
Note: The author holds a long position in BABA and has not received compensation for this article beyond what is provided by Seeking Alpha. The views expressed are the author’s own and do not reflect those of Seeking Alpha or any other entity. It is essential to remember that past performance is not a guarantee of future results, and investors should exercise caution when making investment decisions.
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