What's Going on With China Stocks? BABA, JD, PDD
BABA(BABA) ZACKS·2024-10-04 15:16Relative strength focuses on stocks that have performed well compared to a relevant benchmark. For our purposes, the S&P 500 will be the benchmark.By targeting those displaying this favorable price action, investors can participate in positive market trends where buyers are in control. Recently, several China stocks have shown precisely that.Alibaba (BABA) , PDD Holdings (PDD) , and JD.com (JD) have all been scorching hot over the last month, as illustrated below.Image Source: Zacks Investment ResearchBut w ...