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Barchart
Barchart
Jim Van Meerten

Dave Tepper Says: Buy Everything China - Start With Alibaba

Summary

  • Investing legends like David Tepper, Ken Griffin, Ray Dalio, Jamie Dimon, and Warren Buffet are bullish on Chinese stocks, particularly Alibaba (BABA).
  • Alibaba's diverse business segments and strong technical indicators signal a promising investment, with a 33.64% gain since 7/29.
  • Alibaba boasts a market cap of $242 billion, a P/E ratio of 13.30, and expected revenue growth of 10.30% this year.
  • Analysts are generally positive, with 18 strong buys and a consensus price target of $109, despite inherent China risks.
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