Better Buy: Alibaba vs. Alphabet
Alibaba Group Holdings (NYSE: BABA) and Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) are two companies in very different stages of their growth, and they're also based in very different parts of the world. However, they're both very big tech stocks with lots of potential.
Let's take a look at which one is the better buy today.
Alibaba is coming off a very strong second quarter which saw the company beat expectations for both earnings and revenue. The company's impressive sales growth of 42% was actually lower than the 61% that it was able to generate in the previous year. A highlight of the company's growth is the fact that the Chinese-based company was able to reach more customers. And despite having annual active customers totaling at least 674 million, there's still ample room to grow with China's population of just under 1.4 billion.
Source Fool.com
