New Zealand markets close in 1 hour 23 minutes
  • NZX 50

    11,267.73
    +32.68 (+0.29%)
     
  • NZD/USD

    0.5944
    +0.0031 (+0.53%)
     
  • NZD/EUR

    0.5642
    +0.0018 (+0.33%)
     
  • ALL ORDS

    7,112.60
    +30.40 (+0.43%)
     
  • ASX 200

    6,920.80
    +30.60 (+0.44%)
     
  • OIL

    84.62
    +0.40 (+0.47%)
     
  • GOLD

    1,841.00
    +6.20 (+0.34%)
     
  • NASDAQ

    14,776.25
    +210.64 (+1.45%)
     
  • FTSE

    7,412.45
    -57.71 (-0.77%)
     
  • Dow Jones

    33,129.55
    +127.17 (+0.39%)
     
  • DAX

    15,099.92
    +14.71 (+0.10%)
     
  • Hang Seng

    17,283.89
    +88.05 (+0.51%)
     
  • NIKKEI 225

    30,846.49
    +319.61 (+1.05%)
     
  • NZD/JPY

    88.2310
    +0.1720 (+0.20%)
     

1 Growth Stock Down 75% to Buy Right Now

1 Growth Stock Down 75% to Buy Right Now

When Alibaba (NYSE: BABA) reported results for its fiscal 2023 fourth quarter (ended March 31), they were a bit of a mixed bag. As of this writing, Alibaba shares are down a jaw-dropping 75% from their peak, which was set in October 2020. While it's been beaten down, this growth stock is one that investors should consider buying now.