Here's My Top Robinhood Stock to Buy Right Now
Stocks have widely recovered from the coronavirus pandemic, with the S&P 500 back near all-time highs. Big names like Amazon helped lead the rally -- but now boast massive valuations that signal the market is getting pricy. Alibaba (NYSE: BABA) is a good alternative for value-conscious investors. Here's why the Chinese e-commerce giant is my top Robinhood stock to buy right now.
Value stocks are shares in companies that trade at low multiples compared to their earnings and long-term growth potential. With a price-to-earnings (P/E) multiple of 33, Alibaba looks cheaper than peers, as well as the overall market. The stock trades below the S&P 500 average of 35, and dramatically lower than its American rival, Amazon, which trades at a P/E of 132.
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Source Fool.com
