Chinese e-commerce is growing rapidly while half of China is still not connected to the online world. BABA and SoftBank own significant stakes in Baozun which is worth less than $2bn now. In my opinion, $40 will soon be broken and this will reach new highs. Here, you could see a nice cup and handle pattern. I expect market-wide selloff to halt starting next week...
Alibaba is a leader in eCommerce in the People's Republic of China (China's Amazon). The growth there is two fold, eCommerce much as it is in the United States is a bullish and growing trend, but China also has a growing middle class with rising discretionary income. As a result, Alibaba is experiencing growth not many companies ever see and they are sustaining...
Shopify is a SaaS company providing eCommerce solutions to businesses of all sizes. They allow retailers to set up websites for fractions of what it cost to build a full blown eCommerce platform from the ground up. The company is showing explosive revenue growth due to the proliferation of online retailing and the ability to provide a better and cheaper solution...
Under trendline. Much room for growth.
Technicals and valuation support a bullish rebound. Supports at 35 from the channel it has been trading in since June. PE of 5.2 is a steal in this market where the S&P trades at a PE of 25. Excellent margins support their profitability. There should be enough space in e-commerce for both Ebay and Amazon NASDAQ:AMZN allowing both to continue to grow.
entry ~39.7 stop loss ~38.9 target ~42 potential gain of 5.8% or higher if you re-evaluate the chart later and adjust the stop loss accordingly potential loss of ~2% approx 3:1 risk reward ratio take this with a grain of salt
buy point ~ 39 stop loss ~ 37 target ~ 45 risk ~ 5-6% potential gain ~ 15-18% 1:3 risk to reward ratio take this with a grain of salt. feel free to raise the stop loss instead of selling given that you believe JD will benefit from the growth of ecommerce in China. check them out.
It's hard to say that Amazon has never been a leading indicator of e-commerce growth as this chart might suggest, but it will be interesting to watch how the relationship develops as AMZN charges ahead. On one hand, Amazon continues to diversify outside of e-commerce (ironically dipping its toes into brick-and-mortar while single-handedly destroying the model). ...
It is normal for the market to make corrections when things get to high up and for people to start profit taking once earnings are announced. I know ebay as a stock that is volatile when it comes to earnings. So due to the big upswing this has been in it is natural to expect a downward swing to come bring others to reality. It can always go against me, that I do...
Expecting a pullback in BABA back to 66$ before pulling the trigger and initiating a long position