Why Sea Limited Stock Was Gaining Again Today

Shares of Sea Limited (NYSE: SE) were climbing again today, riding the bullish wave in the market even as there was no company-specific news out on the stock. This time, the Southeast Asian tech giant seemed to benefit from another strong earnings report from an e-commerce stock, this time from Wayfair, and a fawning write-up in Bloomberg touting the stock as the best-performing large-cap play in the world in the last 18 months. The Bloomberg article claimed Sea to be the world's best-performing large-cap stock, saying it had risen 880% in the last 18 months and emerged as a regional powerhouse that could be the next Alibaba or Tencent with strength in digital gaming, e-commerce, and online payments.