Alibaba Group Holding Higher Off A Pair Of Catalysts

The primary catalyst is the announcement that Alibaba's Jack Ma has met with a President-elect Donald Trump spokesperson. Talks included the latest for U.S. expansion that may create 1 million U.S. jobs over the next five years. Also, Standpoint Research upgraded the issue from Hold to Accumulate.

The issue, which had been higher in four of its last five sessions, with the one outlier being a $0,48 loss on Friday, has climbed from its December 29 close ($87.33) to $95.65 earlier in the Monday's session. That high comes in just above its November 30 high of $95.48. Alibaba has not closed $94 since November 10, when it ended that session at $94.34.