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.

Amazon (AMZN) Is Dicey But Alibaba (BABA) Looks Good: Fast Money Traders

While, Inc. (NASDAQ:AMZN) is currently a dicey stock, Alibaba Group Holding Ltd (NYSE:BABA) is potentially on the rise, the Fast Money traders said in a segment of Stock Pops & Drops on CNBC.

Steve Grasso is optimistic of Alibaba Group Holding Ltd (NYSE:BABA). He said that Jack Ma, the company’s founder, is a student of the market and that he really went to school on the market and on this type of stocks.

“Everything he says is working. Mobile users is up. Mobile revenue is up – $32 billion compared to $9 billion just a year ago. I think this stock can climb even higher,” Grasso said.

Owner of one of the most valuable brands in China, Alibaba Group Holding Ltd (NYSE:BABA) is fresh off of reporting its first quarterly performance since becoming a publicly traded company on the New York Stock Exchange.

Alibaba Group Holding Ltd (NYSE:BABA) reported a $494 million GAAP net profit for the third quarter, down 39% from its performance in the same quarter last year, and below analyst expectations. However, the company explained that it took a one-time charge connected to share bonuses to employees for its IPO.

As a result of the positive performance, Alibaba Group Holding Ltd (NYSE:BABA) has earned upgrades from firms such as Morgan Stanley, which raised its price target to $118.10 from $111.10 with a rating of “Overweight”.

Alibaba, is BABA a good stock to buy, is AMZN a good stock to buy, Amazon,

As for, Inc. (NASDAQ:AMZN), the Fast Money traders did not paint a rosy picture for the company.

According to Guy Adami,, Inc. (NASDAQ:AMZN), they predicted, experience a trough in its recent massive drop last month. However, he also mentioned that David Einhorn is hinting that he may short the stock.

“Now this stock gets very, very dicey. The chart looks aweful. I think it wants to test that level we saw on October 24th,” Adami said.

Adami was referring to a big drop in the value of the, Inc. (NASDAQ:AMZN) stock last month where it closed at $287.04 from a previous day’s close of $313.18.

That was shortly after the company reported a net loss of $437 million for the third quarter of 2014, an increase in loss from a net loss of $41 million in the same quarter a year ago. That is despite net sales rising 20% to nearly $21 billion.

John Griffin’s Blue Ridge Capital is an, Inc. (NASDAQ:AMZN) investor. By June 30, the firm owned 810,000 shares in the internet commerce giant.

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!