ZACKS·2024-09-24 23:31Economic Stimulus Impact - China's Central Bank announced a stimulus package to boost the slowing economy, which includes reducing key interest rates, lowering reserve requirements for banks, and injecting one trillion yuan ($142 billion) into the financial sector [1] - The stimulus is expected to positively impact global markets, particularly benefiting Chinese stocks [1] E-Commerce Sector - JD.com (JD) is highlighted as a strong investment opportunity with a Zacks Rank 1 (Strong Buy), projecting a 3% revenue growth in fiscal 2024 and FY25, exceeding $160 billion [2] - JD.com's EPS is expected to increase by 27% this year and rise another 4% in FY25 to $4.15 per share, supported by positive earnings estimate revisions [2] - Alibaba (BABA) and PDD Holdings (PDD) are also mentioned as potential investments with a Zacks Rank 3 (Hold) [2] Internet Services Sector - Tencent Holdings (TCEHY) holds a Zacks Rank 2 (Buy) and is projected to see a 32% increase in EPS in FY24 to $3.05, with further growth of 14% expected in the following year [3] - Baidu (BIDU), known as the Google of China, has a Zacks Rank 3 (Hold) and is involved in online marketing services, cloud computing, and autonomous driving [4] Other Investment Opportunities - Las Vegas Sands (LVS), operating casinos in Macao, is expected to benefit from China's economic stimulus with double-digit EPS growth forecasted for FY24 and FY25, currently holding a Zacks Rank 3 (Hold) [5] - Freeport-McMoRan (FCX) has seen a stock increase of over 7% due to favorable economic news in China, with strong top and bottom line expansion, also holding a Zacks Rank 3 (Hold) [5]