Alibaba (BABA) shares need a pick-me-up after losing over a quarter of their value in 2018. Singles Day, the biggest shopping day in China, may be just the ticket.
Alibaba stock is still sliding ahead of the big day on Sunday, as trade bluster heats up on Friday, but that could create value ahead of such a catalyst.
Alibaba is often compared to Amazon (AMZN) given its similar business model. However, what sets Jack Ma's business from Jeff Bezos' brainchild is the reachable clientele.
Given the proximity of Singles Day, it is worth comparing to the largest sales day for Amazon.
Alibaba's over 700 million active users provides for a superior revenue base to Amazon in its ecommerce business alone, as reflected in the one day trends.