This IPO Makes Alibaba Even More of a Buy

That’s just one of the reasons to buy BABA…

This story was originally published here.

Alibaba (NYSE:BABA) is a stock I have loved, and the recent price action has been rewarding for those who are long. Alibaba stock burst higher on July 8, rallying 9% to new all-time highs.

The action comes after several strong days of gains, with BABA stock up 15% so far this week and almost 20% for the month of July. In short, this stock has been a monster and Ant Financial’s potential IPO only makes it more attractive.

Alibaba holds a 33% stake in Ant Financial, which is seeking an IPO in Hong Kong. The company is looking at a valuation of more than $200 billion, with plans to sell 5% to 10% of its shares.

It’s not clear how much of its stake Alibaba may pare down in the offering. Whether it does or not though doesn’t matter, as investors will want to see how Ant performs in the future.

That is, if the stock appreciates, so too will Alibaba’s stake. Sad as it may seem, many investors in Alibaba may have very well not even realized it has a stake in Ant Financial. That may help explain why shares rallied 9% on the day and gained momentum through the trading session, as they made this realization.

Obviously the potential IPO won’t happen overnight, but it should be viewed as a positive catalyst for Alibaba. For me, Alibaba’s stake in Ant has been one of the reasons I’m bullish on BABA. Thankfully though, there are other reasons to consider a long position too…

Editor's Note: To keep reading, click here.

65 Ways You Can Make Extra Cash in This Crazy Environment

Dear Reader, 

With the market crisis moving into our rearview mirror, folks are now looking for ways to get back to making money.

Neil George wants to show you how to get his new book that profiles 65 simple ways to earn large amounts of work-free income. 

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And the best part is… 

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Here's just a sample of what you can find inside: 

  • Use what Neil calls the “FHA Loophole” to get the government to pay your mortgage — PLUS receive hundreds in extra cash on top.(Page 217) 
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This book is flying off the shelves and this may be the last run of copies we print.  

So if you don't claim your copy of Income for Life today, we'll send it to the person behind you in line… 

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Brian Hunt 
CEO, InvestorPlace

P.S. Click here to claim your copy right away. Just 517 left today. 

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