Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Alibaba Group Holding Ltd (BABA) To Generate Record Single’s Day Sales On Growth Of Mobile Transactions

Alibaba Group Holding Ltd (NYSE:BABA) is without a doubt the king of online transactions partly because it is backed by one of the biggest market place back at home. CNBC’s Dan Nathan expects Alibaba’s Single Day Sales to hit record highs as the company continues to enjoy the benefits of being a monopoly in China.

Biggest IPOs in US History

Alibaba has maintained an impressive run, ever since it went public with Nathan arguing it is high time investors maintained a closer eye on the stock with a view of recouping some of the investments.

“What you really want this thing to do is settle a little bit. We know on November 11 its singles day. It is going to be their biggest day of their year. Last year in 2013 they did like $6 billion in gross market value Alibaba alone, “said Mr. Nathan

Singles Day sales is one of the biggest online shopping event in China having surpassed the U.S cyber Monday in terms of sales according to CNBC. Bloomberg reports that Alibaba Group Holding Ltd (NYSE:BABA) expects its sales during the shopping event to surge by 40% to highs of $8.2 billion driven by an increase in mobile transactions. A growth in mobile transactions is expected to strengthen Alibaba’s market dominance despite an increase in competition in the space.

The acceleration being experienced at Alibaba Group Holding Ltd (NYSE:BABA) has had its ripple effects with Yahoo being the biggest beneficiary of the ongoing rally in the market. Nathan argues that at one point, Yahoo! Inc. (NASDAQ:YHOO) will have to stand on its own.

“Yahoo has moved up nicely with it but to me at some point Yahoo is going to have to stand on its own. […]At this point Alibaba is a much better trading vehicle in my mind. I’d rather trade Alibaba and not deal with the mess of Yahoo core

Yahoo has continued to benefit from Alibaba momentum on the fact that its stake in the company are more valuable than its core business. Heading into the holiday shopping season, sales are expected to further bolster Alibaba Group Holding Ltd (NYSE:BABA)’s market dominance.

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!