Alibaba stock surges 14% due to Chinese stimulus, outpacing Amazon in gains

From Nasdaq: 2024-09-26 17:00:00

Chinese economic stimulus spurs Alibaba stock up 14% this month, outpacing Amazon with +30% gains for the year. Zacks ranks Internet-Commerce Industry in top 27%. Amazon’s FY24 EPS expected to soar 63%, while AWS sales rise 18%. Alibaba’s earnings growth slows, with FY25 EPS up just 1%. BABA stock trades at 10.9X forward earnings.

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