ZACKS·2024-09-30 17:01Core Viewpoint - JD.com, Inc. is identified as a strong momentum stock with a Momentum Style Score of A and a Zacks Rank of 1 (Strong Buy), indicating potential for significant short-term gains [1][2][6]. Momentum Characteristics - JD's shares have increased by 39.75% over the past week, significantly outperforming the Zacks Internet - Commerce industry, which rose by only 0.71% during the same period [3]. - Over the past month, JD's stock price has risen by 47.78%, compared to the industry's 5.17% increase, showcasing strong momentum [3]. - In the last quarter, JD's shares rose by 49.1%, and over the past year, they increased by 36.97%, while the S&P 500 only moved 4.91% and 35.91%, respectively [4]. Trading Volume - JD's average 20-day trading volume is 16,932,162 shares, which is considered a bullish indicator when combined with rising stock prices [4]. Earnings Outlook - In the past two months, two earnings estimates for JD have been revised upwards, raising the consensus estimate from $3.40 to $3.98 for the full year, with no downward revisions [5]. - For the next fiscal year, two estimates have also moved upwards, indicating positive sentiment regarding JD's earnings potential [5]. Conclusion - Given the strong performance metrics and positive earnings outlook, JD.com, Inc. is positioned as a compelling investment opportunity for those seeking momentum stocks [6].