Amazon.com, Inc. (NASDAQ:AMZN) had a pretty disappointing 2014 with share prices dropping by around 25%. Part of the loss in 2014 was recovered during the holiday sales, but stock has dropped around 6% since beginning of this year. On the other hand, Alibaba Group Holding Ltd (NYSE:BABA) made a stunning debut in September, post which the stock started gaining momentum and touched $120 by November. Post November the stock had started losing its value. From the beginning of this year, the stock had lost around 6% and is currently trading just under $100. Fast Money Traders Steve Grasso and Tim Seymour compared Amazon.com, Inc. (NASDAQ:AMZN) and Alibaba Group Holding Ltd (NYSE:BABA) shares in CNBC.
Grasso mentioned that he was feeling more comfortable with Amazon.com, Inc. (NASDAQ:AMZN). He said that in spite of the tremendous hype around Alibaba Group Holding Ltd (NYSE:BABA), he would prefer Amazon.com, Inc. (NASDAQ:AMZN) stock.
“When you compare Alibaba and Amazon for me I was feeling more comfortable with Amazon. I feel as if there was so much hype, and it should have been a lot of hype around Alibaba, but I think for me I would rather stay with Amazon or Apple, if we can compare the two, I would rather be there,” Grasso said.
Alibaba Group Holding Ltd (NYSE:BABA) has Tmall Global, which is Alibaba’s international store. The performance of Tmall Global has been abysmal during the last 10 months.
But Seymour feels that this was the first black Friday sales that Alibaba Group Holding Ltd (NYSE:BABA) had experienced. He feels that there is a lot of upside to Alibaba from here on.
“I think, this year in the black Friday event was really the first thing they are reaching the global retailers. I think they have got a long way to go. I think the bar is very low, much more upside in Alibaba,” Seymour said.
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