The company reported robust revenue growth of 61% year-over-year and strength in its core commerce business, as well as in its cloud division and yet shares of the Chinese internet play fell 3.2% that day.
Alibaba has long been dubbed as the "Amazon of China," given its position in digital shopping.
And much like like Action Alerts PLUS holding Amazon (AMZN) - Get Report , Alibaba continues to invest in its future as evidenced by the level of capital spending in the June quarter vs. the year ago -- not to mention the declining cash on the balance sheet. So the question with Alibaba is not if those businesses become profitable, but when?
So what's an investor to do? We called in some pros to get their opinion on the stock. Richard Steinberg, Managing Director, Partner of HSW Advisors at HighTower and Laurie Kamhi, Managing Director, Partner of LCK Wealth Management of HighTower gave us both sides.
Watch now and you decide!