Alibaba’s (BABA - Free Report) Singles’ Day (November 11) has grown to be the world’s largest online shopping day. Started 10 years ago, Singles’ Day is like Black Friday and Cyber Monday in the U.S., but just much, much bigger.
The sale covers popular things like TVs, smartphones, clothing, and furniture. People even stock up on health products, cleaning supplies, and toilet paper.
Last year, Alibaba sold over $25 billion worth of goods. There were 1.48 billion transactions with a peak of 325,000 orders per second.
Singles’ Day was renamed to “11.11 Global Shopping Festival” in 2015 as Alibaba grew sales beyond its core China market.
November 11 first became important in China in the 1990s as a bachelor celebration day. Later, it took on a new meaning as a day to celebrate relationships and find a potential partner.
Singles’ Day 2018 is expected to be bigger than ever, despite ongoing trade disputes and China’s economic struggles.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Alibaba’s (BABA - Free Report) Singles’ Day (November 11) has grown to be the world’s largest online shopping day. Started 10 years ago, Singles’ Day is like Black Friday and Cyber Monday in the U.S., but just much, much bigger.
The sale covers popular things like TVs, smartphones, clothing, and furniture. People even stock up on health products, cleaning supplies, and toilet paper.
Last year, Alibaba sold over $25 billion worth of goods. There were 1.48 billion transactions with a peak of 325,000 orders per second.
Singles’ Day was renamed to “11.11 Global Shopping Festival” in 2015 as Alibaba grew sales beyond its core China market.
November 11 first became important in China in the 1990s as a bachelor celebration day. Later, it took on a new meaning as a day to celebrate relationships and find a potential partner.
Singles’ Day 2018 is expected to be bigger than ever, despite ongoing trade disputes and China’s economic struggles.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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