My "Single-Stock Wealth Machine" Just Got Even Richer

Forget about Amazon.com. Alibaba is becoming the global e-commerce killer. Last Friday, Nov. 10, I told my paid-up Private Briefing subscribers to expect a big sales day Saturday from Alibaba, the Chinese e-commerce giant that remains one of our very favorite stocks. The catalyst for our optimism was "Singles' Day," a Chinese "shop-'til-you-drop" holiday that has become a yardstick analysts use to gauge Alibaba's near-term health. (Think Black Friday and Cyber Monday, plus the month before Christmas, and Valentine's Day, rolled into one great big ball of revenue.) As it turned out, they should have called it "Home Run Day" - the sales surpassed even the most bullish projections. Even ours. Let me share some of these numbers - because they will blow your mind. Then, I'll show you what these numbers really tell us. It's a conclusion nobody else is seeing. And it's a takeaway that leaves me feeling more bullish than ever on Alibaba... Tags: Stocks To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post My "Single-Stock Wealth Machine" Just Got Even Richer appeared first on Money Morning - We Make Investing Profitable .