CQQQ - Invesco China Technology ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
56.67
+0.38 (+0.68%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close56.29
Open57.57
Bid56.59 x 1000
Ask57.50 x 1000
Day's Range56.52 - 57.90
52 Week Range40.24 - 59.00
Volume232,913
Avg. Volume195,852
Net Assets607.28M
NAV56.73
PE Ratio (TTM)N/A
Yield0.01%
YTD Daily Total Return8.00%
Beta (5Y Monthly)1.55
Expense Ratio (net)0.70%
Inception Date2009-12-08
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  • Why Alibaba Stock Makes Even More Sense to Buy Today
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    A key battle line has been drawn and crossed at China's Alibaba Group (NYSE:BABA). And for technical-based investors it's time to enjoy the benefits of capitalism, courtesy of a long position in Alibaba stock. Let me explain.Source: Shutterstock Keeping the faith in Alibaba stock hasn't always been easy. And it probably goes without saying that investors need look no further than the ongoing trade war between the U.S. and China as a reason to question a long position in BABA stock. But respectfully, it's time to turn your attention elsewhere.The fact is Alibaba stock has and continues to best investors' concerns regarding the trade war. This past May's easy earnings beat, with its solid revenue and margin growth, was proof of that as InvestorPlace's Luke Lango recently noted.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYet shares of Alibaba and a company many rightfully view as China's answer to Amazon (NASDAQ:AMZN) weren't exactly quick to react enthusiastically to the quarterly confessional. In fact, BABA stock went down hard in the report's aftermath. So, what went wrong? * 7 Oversold Stocks To Buy Right Now A still-pending G-20 summit back in June certainly played a part in putting a lid on Alibaba's earnings. BABA's announced capital raise of approximately $20 billion via a Hong Kong shares listing has also been a point of contention. Alibaba stock bears who've long shouted about what they see as the diversified tech giant's accounting shenanigans see the move as the latest evidence of financial trickery.Nevertheless, in the face of constant headline harassment, BABA stock has moved higher.Alibaba stock is up roughly 27% year-to-date. Not only does the performance dwarf the 14% return of Invesco China Technology ETF (NYSEARCA:CQQQ) -- where the shares are the second-biggest holding, at 9.49% of the 91-stock portfolio -- it's also leading the U.S. bellwether S&P 500 index's gain of around 20%.And guess what? BABA isn't finished. What's more, shares are in position right now to make your portfolio great again or even better with Alibaba stock in it. Alibaba Stock Weekly ChartThe week is starting off on a slightly pressured note for the markets and Alibaba stock. But the noise is offering investors an opportunity to buy shares on weakness within a much stronger-looking weekly chart poised for continued upside.This past week Alibaba stock decisively reaffirmed the bull case after powering back above its year-long corrective base's 50% retracement level and mostly matching pre-earnings price for a second time. In our technical determination, it's a key battle-line won by BABA bulls following June's confirmed higher low pattern which set the stage for a constructive uptrend to emerge. * 7 Stocks to Sell This Summer Earnings Season Investors interested in going long Alibaba could always wait for additional price confirmation. I get it, but I also favor owning shares right here. With BABA marginally past this hotly contested technical zone and stochastics looking supportive after a near bearish crossover, conditions are ripe for a rally to the early May pivot high of $195.72 within the base.With shares trading near $176 there's roughly $20 of upside in Alibaba stock before I'd recommend taking partial profits. This compares nicely to the discussed battle line around the $170 level which bulls have overcome for a second time and a price obviously well-suited for a stop-loss if required.Allowing for a bit of wiggle room, an exit beneath $169 means the initial reward potential on going long Alibaba stock is nearly three times as great as the risk. That's attractive of course. But in appreciating a large corrective base showing more and more evidence of the right stuff for even bigger longer-term success, BABA is looking even better for making your portfolio great again or simply better than otherwise.Disclosure: Investment accounts under Christopher Tyler's management do not currently own positions in any securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Semiconductor Stocks to Buy for Your Inner Geek * 7 Stocks to Buy That Save You Money * 4 Stocks to Sell Now The post Why Alibaba Stock Makes Even More Sense to Buy Today appeared first on InvestorPlace.

  • 5 Reasons Alibaba Stock Could Rally Into the End of 2019
    InvestorPlace

    5 Reasons Alibaba Stock Could Rally Into the End of 2019

    Although the trade war between the U.S. and China has dragged on, shares of Chinese e-commerce juggernaut Alibaba (NYSE:BABA) have largely shrugged off those trade tensions in 2019. So far this year, Alibaba stock is up nearly 30%, versus a roughly 20% gain for the S&P 500 and an approximately 14% gain for the Invesco China Technology ETF (NYSEARCA:CQQQ).There are three main reasons for the outperformance of Alibaba stock in 2019. First, the consumer side of China's economy has shown signs of stabilizing and improving in 2019. Second, Alibaba's revenue growth trends have remained resilient (BABA generated 50%-plus revenue growth again last quarter). Third, its margin trends have improved sequentially for the past three quarters.Source: Shutterstock Those three factors have driven the huge outperformance of BABA stock through the first seven months of 2019.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Stocks to Sell This Summer Earnings Season For five major reasons, this outperformance will persist for the last five months of 2019, too. Those five big reasons are as follows: China's Consumer Economy Is in Rebound ModeAs goes China's consumer economy, so goes Alibaba, since Alibaba's main businesses focus on selling goods to hundreds of millions of Chinese shoppers. Fortunately for the owners of Alibaba stock, China's consumer economy has been on a steady upward trend in 2019.In the first quarter of 2019, overall retail sales in China rose 8.3%. In the second quarter, they climbed more than 8.5%, including a 9.8% gain in June, the highest retail sales growth rate China has recorded since January 2018. Further, and more importantly for BABA stock, China's online retail sales growth accelerated from 15.3% in the first quarter to 17.8% in the first half of 2019.The economic data indicates that China's consumer economy materially improved over the past three months , especially on the digital front. As a result, Alibaba is well-positioned to report healthy quarterly numbers at the end of August. Those good numbers should provide support for continued gains by BABA stock. Alibaba Is Adding New Revenue StreamsIt's no secret that Alibaba's core commerce business is slowing, mostly because the growth of China's online retail market is slowing as the market gets bigger and more mature.But Alibaba is now doing something to offset that trend. Specifically, much like Amazon (NASDAQ:AMZN) is doing in the United States, Alibaba is creating tangential businesses that will produce new revenue streams.At the moment,Alibaba is focusing on selling consumer data to merchants. That business has healthy, long-term potential. We are entering the era of data-driven decision making. Alibaba has an unparalleled amount of data on China's consumers. That data will only become more and more valuable as data-driven decision-making becomes more prevalent. As a result, Alibaba's data selling business is likely to grow rapidly for the next several years.But that is just the tip of the iceberg. There are so many things which Alibaba can and will do to generate new revenue streams. Specifically, BABA can emulate the new things that Amazon is doing in America, like digital advertising, cloud, pharmacy, and logistics. As all these new revenue streams come online over the next few quarters for BABA, Alibaba's overall revenue growth trajectory will stabilize, and BABA stock will trend higher. Alibaba Is Going GlobalTo help it further combat slowing core e-commerce growth in mainland China, Alibaba is finally going global.Up until now, Alibaba's marketplace has been open to U.S. buyers but closed to U.S. sellers. Thus, while U.S. consumers could buy stuff from Chinese merchants on Alibaba, U.S. merchants couldn't sell products to Chinese consumers on Alibaba.That's all changing now. Alibaba recently began letting Americans sell products on the platform. BABA is charging Americans $2,000 to sell products on BABA's website, but that fee won't meaningfully lower demand because this is a unique opportunity for small and medium American merchants to increase their global addressable market by several fold.Consequently, over the next several quarters, a flurry of U.S. merchants will flock to Alibaba, and this rush of new sellers will provide a sizable tailwind to its revenues in the second half of calendar 2019. Margins Will Continue to ImproveDeclining profit margins have been a big problem for Alibaba for the past several years. The company has been investing a tremendous amount in new growth initiatives. Those investments come with hefty costs, and those hefty costs have eroded BABA's margins.A few years ago, BABA had 40%-plus net profit margins. Today, its net profit margins on a trailing-12-month basis are below 25%.But this margin compression trend appears to be in the process of reversing course. In fiscal 2018. BABA's net profit margin was 29.6%, down more than 3.6 percentage points from fiscal 2017. In the second quarter of fiscal 2019, BABA's profit margin for the trailing 12 months declined just 2.4 percentage points versus the previous year. In Q3 and Q4, the positive trend continued.Thus, the company's margin compression trend has significantly and consistently moderated over the past several quarters. This trend should persist for the foreseeable future.Alibaba's investments are finally starting to wind down, and the company's nascent hyper-growth businesses (like the cloud) are starting to grow meaningfully. They will continue to scale over the net few quarters, and that growth has the potential to raise the company's margins further, boosting Alibaba stock. Alibaba Stock Remains Attractively ValuedLast, but not least, Alibaba stock remains attractively valued.Relative to its history, Alibaba stock is pretty cheap at this point. Over the past five years, BABA stock's average forward earnings multiple has hovered around 29. Today, the forward earnings multiple sits around 26. Its sales, cash flow, and EBITDA multiples are also below their historical averages.Relative to its growth potential, Alibaba stock is also pretty cheap. According to YCharts, analysts, on average, expect Alibaba's long-term earnings growth to be roughly 22%. That seems conservative. My calculations indicate that the company's earnings growth rate will be closer to 25% over the long-term.Nonetheless, trading at 26 times its forward earnings, BABA stock has a price-earnings/growth (PEG) ratio of narrowly above one, which is really good in this market (the S&P 500 trades at a PEG ratio north of 1.2).Indeed, my calculations indicate that Alibaba stock's fundamentals will enable it to climb to $200 over the next few quarters. The Bottom Line on BABA StockAlthough the U.S.-China trade war has dragged on in 2019, BABA stock has shrugged off that noise, climbing 30% this year, thanks to increasingly favorable and improving core fundamentals. Those core fundamentals will continue to improve in the back half of 2019. As they do, BABA stock will continue to trend towards $200.As of this writing, Luke Lango was long BABA and AMZN. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 5G Stocks to Connect Your Portfolio To * 7 Stocks to Sell This Summer Earnings Season * 6 Upcoming IPOs for July The post 5 Reasons Alibaba Stock Could Rally Into the End of 2019 appeared first on InvestorPlace.

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