1 Growth Stock Down 72% to Buy Right Now

It would be easy to dismiss the ideas of stepping into a stake in China's e-commerce giant Alibaba Group (NYSE: BABA). The company has underperformed for several quarters now. So has its stock. Blame China's economy, mostly, which hasn't seemed able to shrug off the lingering impact of the COVID-19 pandemic. Its real estate market is in something of a crisis as well. Never mind the unknown results of President Donald Trump's threatened trade tariffs.What if, however, the narrative was all wrong ... or at least misleading?This is arguably the case. While the bulk of Alibaba's customers are admittedly feeling the pinch of economic challenges, these are nothing their Western counterparts aren't experiencing and pushing past as well. Alibaba stock's weakness since early October -- and really since late 2020 -- reflects more worry than is merited.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool