Shares of Alibaba could be a better bet than Amazon, trader says
Chinese tech stocks are tracking for their first positive week in three as shares in Alibaba BABA , Weibo WB , Sina SINA and Baidu BIDU bounce back from trade-triggered sell-offs over the summer. Only one of those tech names could be an even better bet going forward than shares of Amazon AMZN , says Mark Tepper , CEO and president at Strategic Wealth Partners. "If [investors] had an opportunity to invest in Amazon right now at a third of its current price, $600 or $700 per share, would they be willing to do it?