Alibaba's a growth stock

Alibaba is a growth stock that grew tremendously over the past 3 years. It made $0.44 per share in 2011, $1.68 in 2012, $3.57 in 2013 and $10 in 2014.

Since its IPO on 19 Sep 14, its share price had soared from $68 a share to $93, an increase of 36% in a single day.

Growth is one of the main factor that drew many investors. From 2011 to 2014, its earnings have grown about 30% per year. E-commerce, like search engine companies are growing as more people gain confidence in online shopping.

Alibaba is definitely one of the stock to have.