5 Stocks to Buy When Everyone is Selling

In this article, we discuss 5 stocks to buy when everyone is selling. If you want to read about some more stocks to buy when everyone is selling, click 10 Stocks to Buy When Everyone is Selling. 

5. Alibaba Group Holding Limited (NYSE:BABA)

Number of Hedge Fund Holders: 96

Alibaba Group Holding Limited (NYSE:BABA) is a diversified technology company. The stock has suffered amid a regulatory crackdown in China but latest signs indicate that the crackdown may be easing. Chinese Vice-Premier Liu He recently told top tech executives that the government would “properly manage” the relationship in the battle for key core technologies. COVID lockdowns in China have recently boosted the stock and the firm has been quietly buying back shares to calm investors as well. 

On May 16, JPMorgan analyst Alex Yao upgraded Alibaba Group Holding Limited (NYSE:BABA) stock to Overweight from Underweight and raised the price target to $130 from $75, noting that the uncertainties facing the Chinese internet stocks were beginning to abate. 

Among the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Management is a leading shareholder in Alibaba Group Holding Limited (NYSE:BABA) in Q1, with 14.4 million shares worth more than $1.5 billion. 

In its Q1 2022 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Alibaba Group Holding Limited (NYSE:BABA) was one of them. Here is what the fund said:

“We have eliminated 6 holdings during the first quarter (including) Alibaba Group Holding Limited (NYSE:BABA). We have sold our Alibaba Group Holding Limited (NYSE:BABA) position as the company continues to face competitive challenges and regulatory pressures remain, making it difficult (if not impossible) to appropriately assess the range of outcomes and associated probabilities for the future profitability of the business.”