Name of opportunity: 👀
Alibaba Group
104% tariffs on Chinese imports ‼️
Chinese e-commerce company Alibaba has fallen by 6.24% over the past day, this might be because Trump has threatened China with more tariffs, taking their total tariff up to 104%. This might have spooked investors, causing a drop in price.
Despite this, Alibaba is performing well in cash flow and revenue, which indicates strong business operations and demand. It’s also currently recommended as a ‘Buy’. The company also has a dividend yield of 1.24%, which means that If you invested $1000 you might be paid $12.40 a year in dividends (based on the last 12 months).
How hot is this investment opportunity? 🔥🔥🔥
Analysts predict the price of Alibaba Group might increase from $99.37 to $117.60 in the next 12 months. If you invested $1000, you might profit $183.46.
Trump imposing 104% tariffs on China means that many Chinese companies who export to the U.S. will be affected once the levies take effect. These high tariffs might take a huge financial toll on companies, which might impact their revenue. This might be the reason why some investors sold their shares, causing the dip in price.
However, the average analyst recommendation for Alibaba stock is a ‘buy’ and almost a ‘strong buy’. The stock is predicted to rise again over the next 12 months, so it’s not all bad news! In fact, Alibaba Cloud, a subsidiary of Alibaba Group that provides cloud computing services to businesses including Alibaba group, has recently announced AI advancements. This might drive Alibaba further into the AI space.
Ecommerce company 💻
Alibaba Group is a Chinese multinational technology company that specialises in technology and retail. The company is headquartered in Hangzhou, China.
Which neme?: 🔍
‘China AI’ ‘Gaming’, ‘Big Tech’, ‘Top Stocks in AI’, ‘Made in China’
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