Thoughts ?
Thoughts ?
CPI : 3.4% (Est. 3.2%)
Increasing most : Shelter (6.2%)
Decreasing most : Energy (-2.0%)
CPI : 3.4% (Est. 3.2%)
Increasing most : Shelter (6.2%)
Decreasing most : Energy (-2.0%)
Despite double-digit top/bottom growth the stock is down to 72$ (320$ in 2020), implying a 9X 2024 P/E. Morningstar’s Wide Moat rating for BABA implies a 20+ years of competitive advantage. Furthermore with over $20B annual FCF, BABA is aggressively repurchasing shares.
Despite double-digit top/bottom growth the stock is down to 72$ (320$ in 2020), implying a 9X 2024 P/E. Morningstar’s Wide Moat rating for BABA implies a 20+ years of competitive advantage. Furthermore with over $20B annual FCF, BABA is aggressively repurchasing shares.