This story was originally published here.
To say that Alibaba (NYSE:BABA) has been on a rollercoaster this year would be a gross understatement. First, the novel coronavirus originated in China, which posed severe concerns for Alibaba stock early in 2020. Then, the shares recovered nicely from the collapse in global markets during the first quarter. However, the specter of geopolitics — particularly the draconian tone of President Donald Trump — weighed on the company’s shares.
Nevertheless, BABA continued to deliver solid returns for stakeholders. Part of that could have been the opinion polls, which had former Vice President Joe Biden in the lead throughout the race.
So, it came as a shock to the system when President Trump appeared to have the definitive edge on Tuesday’s election night. For all the talk of a blue wave, Biden barely moved the needle. Indeed, it appeared that it was Trump who threatened to inexplicably expand the electoral map. Further evidence came from the Democrats’ absolutely disappointing performance in the Senate race.
Not surprisingly, then, China’s yuan took a dive as it appeared the U.S. — and the world — would have four more years of Trump. With the Chinese economy suddenly facing a rude awakening, the election also had strong , perhaps negative implications for BABA stock.
Are Brighter Days Ahead for Alibaba Stock?
Given that the Trump administration hasn’t held back any punches with China, those who were long on Alibaba stock certainly had a vested interest in Biden winning this election.
I asked Dr. David Kass, clinical professor of Finance at the University of Maryland’s Robert H. Smith School of Business, what a Biden administration would do for U.S. relations with the world’s second-biggest economy. In his email, Kass wrote the following..
Story continues here.
Dump America’s Most Popular Brand NOW
During times of great volatility, investors often cling to what they’re familiar with… including the stocks of companies they know best.
Fear and conventional wisdom push people to the biggest brands.
But what if I told you that America’s top stock picker — a man with 40 recommendations that have gained at least 1,000% in his career — believes that America’s most popular brand is a “must sell” right now?
That’s exactly what Eric Fry is saying…
Because this giant of the past was doomed with or without the fear of a pandemic. Eric believes it’s one of 25 big-name stocks that are going to experience hard times, even if a coronavirus cure is found tomorrow.
And, remember, Eric is the legendary trader that accurately predicted the collapse of more than 70 stocks. That includes Cisco (fell 75% in a year after his prediction), Tyco (fell 74% in the year after his prediction), and Countrywide Financial (fell 87% in the two years after his prediction).
Instead, Eric believes anyone with money in the market should focus on four companies that are in position right now to help people capture huge market gains.
You probably haven’t heard of a single one of these firms…
But you will.
Get the facts for yourself and be one of the first to learn more about the four stocks you should buy right now… as well as the 25 companies you should sell immediately, on our website, here…
Regards,
Brian Hunt
CEO, InvestorPlace
P.S. Tune in to this video presentation now, while it is still available, and Eric will reveal what he believes will be his next 1,000% winner. The name, the ticker symbol, and why it’s such a screaming buy… it’s all in Eric’s presentation and FREE to view. Just keep in mind, this valuable information won’t be up on our website forever.
