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Michael Burry is now up 65% in just 3 months on this Chinese stock
Finbold· 2024-10-02 11:14
Though most famous for ‘The Big Short’ during the Great Recession of 2008, Michael Burry’s major recent bets have been long positions on a string of high-profile Chinese stocks.For many months, these investments have been seen as controversial as the stock market of the People’s Republic had been experiencing a strong downturn that had ensured the shares of most firms remained severely depressed.The most recent developments – including generous government stimuli – have sharply altered the situation. JD.com ...
JD.com's Share Price Increases 47.7% in a Month: Should You Dive in?
ZACKS· 2024-09-30 17:45
Shares of JD.com (JD) have gained 47.7% in the past month, outperforming the Zacks Internet – Commerce industry's growth of 8.2% and the broader retail sector's return of 5.6%. The stock's bullishness appears to have resulted from the latest stimulus measures announced by the People's Bank of China to revive flagging economic growth of China. The measures include interest rate cuts, which would reduce borrowing costs and prevent scores of debt-laden property owners. Secondly, the central bank will ease rest ...
3 Reasons Why Growth Investors Shouldn't Overlook JD.com (JD)
ZACKS· 2024-09-30 17:45
Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which look ...
Are You Looking for a Top Momentum Pick? Why JD.com, Inc. (JD) is a Great Choice
ZACKS· 2024-09-30 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...
JD.com (JD) Surges 14.4%: Is This an Indication of Further Gains?
ZACKS· 2024-09-27 19:21
JD.com, Inc. (JD) shares soared 14.4% in the last trading session to close at $37.99. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 28% gain over the past four weeks.JD.com extended its rally, driven by the latest stimulus measures announced by the People’s Bank of China to revive flagging economic growth of China. The measures include interest rates cut which would reduce borrowing costs and prevent scores of debt-laden proper ...
JD.com, Inc. (JD) Soars to 52-Week High, Time to Cash Out?
ZACKS· 2024-09-27 14:16
Have you been paying attention to shares of JD.com, Inc. (JD) ? Shares have been on the move with the stock up 44.1% over the past month. The stock hit a new 52-week high of $38.18 in the previous session. JD.com, Inc. has gained 31.5% since the start of the year compared to the 21.6% move for the Zacks Retail-Wholesale sector and the 26.7% return for the Zacks Internet - Commerce industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't misse ...
Bull of the Day: JD.com (JD)
ZACKS· 2024-09-27 11:11
JD.com, Inc. (JD) , the Chinese online retail and supply chain giant, is dirt cheap. This Zacks Rank #1 (Strong Buy) has plunged to 5-year lows but earnings are expected to rise by the double digits this year.JD.com is a Chinese supply chain-based technology and service provider. It seeks to enable consumers to buy whatever they want, whenever and wherever they want it.$5 Billion Share Repurchase Plan AnnouncedHow cheap are JD.com shares? So cheap that on Aug 27, 2024, JD.com announced a new share repurchas ...
Chinese Equities Rally on Stimulus Package: Top Stocks to Consider
ZACKS· 2024-09-24 23:31
Chinese stocks have seen a nice rally over the last few days following Monday’s announcement that China’s Central Bank will implement a stimulus package to boost its slowing economy.The economic stimulus includes reducing key interest rates, lowering reserve requirements for banks, and the injection of one trillion yuan ($142 billion) into China’s financial sector.With China being the world’s second-largest economy in terms of GDP, the stimulus should be a positive for global markets, and here are a few sto ...
Billionaire David Tepper Sold 84% of Appaloosa's Stake in Nvidia and Is Piling Into This Historically Cheap Cyclical Stock
The Motley Fool· 2024-09-24 09:06
Tepper is sending shares of Nvidia to the chopping block in favor of a leading e-commerce company that has nearly half of its valuation backed by a net-cash position.Although all eyes have seemingly been on the Federal Reserve and monthly inflation reports of late, what can arguably be described as the most important data release of the third quarter occurred roughly six weeks ago.On Aug. 14, institutional investors with at least $100 million in assets under management were required to file Form 13F with th ...
These 2 Stocks Are Down in 2024 but Look Like Bargains Right Now
The Motley Fool· 2024-09-21 13:37
The stock market has performed well in 2024, but not all stocks are in the same boat.Through Sept. 4, the S&P 500 has produced a total return of 17% in 2024, a strong performance in just over eight months. However, not all stocks have performed well. So, in this video, Matt Frankel discusses why JD.com (JD -0.66%) looks like an incredible bargain, while Tyler Crowe explains why he has his eye on a foreign airport operator.*Stock prices used were the morning prices of Sept. 4, 2024. The video was published o ...