Although Amazon is spending (some say like a drunken sailor) to grow the already massive company, and Amazon investors are often counseled to be patient, Alibaba is the stock to buy, Jim Cramer said on CNBC’s Mad Dash. A good move would be to short Amazon and be long Alibaba. With ecommerce rising and China and more expansion into the internet expected, Alibaba represents a robust growth story.
A good catalyst is to buy it ahead of “Singles Day, ” a popular gift-giving holiday in China.
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