Alibaba Group Holding Ltd (BABA)

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Alibaba, Nvidia Among 5 Top Stocks Expected To Accelerate Earnings Growth
By: Investor's Business Daily | March 25, 2018

With the stock market plunging and the S&P 500 index and Dow Jones industrial average plunging to right above their 200-day moving averages, this is not a good time to making new purchases. But it's a good time to be looking for growth stocks to add to your watch list. In the IBD 50 list of top stocks, five are seen reporting faster earnings growth next quarter: Nvidia (NVDA), Alibaba (BABA), Palo Alto Networks (PANW), Five Below (FIVE), Paycom Software (PAYC).

All five stocks here Composite Ratings above 95, meaning that they outperform more than 95% of all stocks based on key metrics, including earnings. All-time stock winners often have Composite Ratings of at least 95 near the start of their big runs. Paycom Software and Palo Alto Networks have best-possible 99 Composite Ratings. Alibaba has a 98 CR, followed by Five Below at 97 and Nvidia at 96.

Alibaba
Alibaba is expected to report earnings per share growth of 49% for the current quarter after a 25% year-over-year gain in the latest quarter. The Chinese e-commerce giant actually missed December-quarter EPS estimates slightly as it spends heavily on cloud computing and other projects. But that's helped fuel huge revenue gains. Sales surged 66% in the latest quarter, the best in 15 quarters. That top-line growth is now seen putting the gas on the bottom line.

Alibaba has been working on a consolidation with a 206.30 buy point, but the stock tumbled 9.5% last week to 181.20, falling through its 50-day moving average. Blame the general stock market sell-off and a tumble by archrival Tencent (TCEHY), following its earnings report last week. . .

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https://www.investors.com/research/alibaba-nvidia-top-stocks-expected-to-accelerate-earnings-growth/?src=A00220&yptr=yahoo

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