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.

Breaking News: Alibaba Group Holdings Ltd (NYSE:BABA) Will Open At $93 and Close Above $100

NYSE’s Scott Cutler now says current indications show that Alibaba Group Holdings Ltd (NYSE:BABA) will open between $92 and $93. These indications have been creeping up over the last couple of hours from first $80-83, then $84-87, and then $86-$88, and then $87-$89, then $91-$92, and now to $92-$93. He also indicated that they are getting closer but they aren’t there yet. It wouldn’t be too much of a stretch to predict that Alibaba Group Holdings Ltd (NYSE:BABA) will open at $93.

We also know that they wouldn’t want Alibaba Group Holdings Ltd (NYSE:BABA) shares decline after the open, so they will try to set the price at a point where there are still tons of buyers out there. This tells us that Alibaba Group Holdings Ltd (NYSE:BABA) shares will probably close above $100 at 4 pm today.

Scott Cutler predicts that Alibaba Group Holdings Ltd (NYSE:BABA) shares will start trading at around 11:35-11:40.

Disclosure: no positions
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 for all the details.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.