ALIBABA STOCK HITS SIX YEAR LOW (Are You Buying The $BABA Dip?)

Shares of Alibaba stock are down to the lowest levels they've been in six years (~$5). Is this an opportunity to buy more or is it wiser to maintain my current position? This video explores that question and provides the latest about the impact shutdowns are having on the short-term for $BABA shareholders. Leave a comment with your thoughts.

Alibaba's stock price at the time of upload: $85.84

Content about Alibaba referenced in this video:

VIDEO: My Stock Portfolio as of April 22, 2022 (includes BABA) - ps://www.youtube.com/watch?v=zDml1-pkvuc

VIDEO: Alibaba Stock Is Not Risky For Long-Term Investors (Wisdom from Warren Buffett) - https://www.youtube.com/watch?v=P7KNKfYSOhI

ARTICLE: Alibaba Stock Drops to Its Lowest Level in 6 Years. What’s Behind the Latest Fall.

The worsening Covid-19 situation in China is weighing on the country’s stock market, with companies including Alibaba, JD.com, and NIO notching stark declines on Monday amid fears that lockdowns could spread to Beijing. Shares in Alibaba (ticker: BABA) fell 4% in U.S. premarket trading, with JD.com (JD) stock 3% lower and NIO (NIO) retreating 4.5%. Futures tracking the S&P 500 index were 0.9% into the red, by comparison, with the tech-focused Nasdaq Composite poised to drop 0.8%. In Asian trading, the Shanghai Composite plunged 5.1% and Hong Kong’s Hang Seng Index ended 3.7% lower...“China’s response to Omicron presents headwinds to growth,” Haefele added. “We now expect China’s GDP growth to be 4.2% this year.” The situation is likely to pressure a diverse array of Chinese companies, from e-commerce players like Alibaba and JD.com to automakers such as NIO and XPeng (XPEV). For Alibaba, the recent selloff — the company’s U.S.-listed stock is down almost 25% in the past month — only compounds shareholders’ woes. Set to open below $83 a share on Monday, Alibaba stock hasn’t been this low since 2016. The company lost almost half of its market value in 2021 amid severe regulatory scrutiny in both China in the U.S., with a decline in the stock price exacerbated in 2022 amid macroeconomic pressures from high inflation and rising interest rates.An accelerated economic slowdown in China from more Covid-19 lockdowns would pinch Alibaba stock because the e-commerce group is highly dependent on consumer spending as well as discretionary spending from businesses on online advertising.
Full Story - https://www.barrons.com/articles/alibaba-stock-price-china-hong-kong-covid-lockdowns-51650886140