Alibaba Group Holding Ltd (BABA): A Stock To Buy and Hold For The Long Haul

“I knew that, as a hot IPO, there was every chance the stock could – and probably would – sell off,” Money Morning Executive Editor Bill Patalon said. “It’s a ‘transformational’ type of company, meaning its leaders are ‘planting seeds’ right now that will have big future payoffs.”

Patalon says you can’t look at Alibaba as a short-term investment. This is the kind of stock you buy and hold for a long period of time. The company has its sights set on the long term.

“Alibaba’s moves into entertainment, media, cloud computing – these are all part of a broad vision Jack Ma and his executive team has for Alibaba,” Patalon said.

Because of this global growth strategy, Patalon refers to BABA stock as a “legacy wealth” play. That means it’s the type of stock to buy and hold for not just years, but decades. By doing so, you have the chance to bank profits for the foreseeable future.

The Alibaba stock price is now up more than 25% from the low of $57.20 it hit on Sept. 29.

The Bottom Line: Alibaba’s continued moves into the entertainment industry is an encouraging sign for the Alibaba stock price, which is now up 25% since the end of September. Alibaba stock is a global company, fixated on growth. That’s why you can’t look at Alibaba stock as a short-term investment. This is a stock to buy and hold for the long haul.

Money MorningBrought To You Courtesy of Kyle Anderson

We’re in the midst of the greatest investing boom in almost 60 years. And rest assured – this boom is not about to end anytime soon. You see, the flattening of the world continues to spawn new markets worth trillions of dollars;new customers that measure in the billions; an insatiable global demand for basic resources that’s growing exponentially; and a technological revolution even in the most distant markets on the planet. And Money Morning is here to help investors profit handsomely on this seismic shift in the global economy. In fact, we believe this is where the only real fortunes will be made in the months and years to come.

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