Scalper1 News
Internet retailers are holding up well even though a couple of former highflying Chinese names have been hit hard by that country’s stock market sell-off. Alibaba (BABA), China’s biggest online marketplace, has fallen 35% from its November peak and erased a huge gain from its September IPO price of 68. Former market leader Vipshop Holdings (VIPS) has also fallen hard. Yet the 35-stock Internet retail group has climbed 20% this year, easily Scalper1 News
Scalper1 News