Alibaba (BABA) was on my best stocks to buy list last week after it defied a slowdown in the China market to deliver better earnings and sales than analysts expected in its first scheduled earnings release last week.

But what really got investors’ attention was an increase in the number of transactions made from mobile devices.

Alibaba expects sales during this year’s Nov. 11 Singles’ Day shopping event to climb 40% from one year ago to almost 50 billion yuan, or $8.2 billion, thanks to more mobile transactions, according to Bloomberg.

(Chart courtesy of Stockcharts.com)

I featured the stock with a buy point of $99.80 in my Sunday, November 2nd subscriber update, and the stock has plowed 15% above it in all of five days to make it one of my best stocks to buy last week.

Your comments are welcome.

–pj