It's Tuesday, January 24th.

Welcome to Martha Fullry.

I'm Chris Hill joining me in studio today for a million dollar portfolio, Matt Argusinger.

Happy Tuesday.

Hey, happy Tuesday.

It's a happy Tuesday for people who got Oscar nominations.

We'll get to that.

All right. We'll get to the Oscar nominations.

But we got earnings, earning season heating up.

And we're going to start with Ali Baba, the e-commerce giant in China.

Third quarter revenue, can't believe this, third quarter revenue up 54%.

I'm sorry, is that a lot?

That seems like a lot, especially when you're talking about a base revenue of 7.8 billion dollars in one quarter

But I think the the big reaction the big positive reaction to the stock at least initially was the, was raising expectations

for 2017.

So they took their growth rate from 48% to 53%, so there's not even a drop-off going

into 2017 compared to 2016.

This is a whale of a company.

You know, they do more than 500 billion in gross merchandise volume across their marketplace. That is more than Amazon. than tailwinds of course we know e-commerce globally is just taking off more consumers

are coming online more importantly for Ali Baba more businesses are coming

online so their B-to-B business marketing helping customers get their ads, but also get their products online.

That's the biggest part of their business, and that's just exploding.

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