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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
Economic 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]
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
Group 1: Nvidia's Stake Reduction - David Tepper's Appaloosa significantly reduced its stake in Nvidia, selling 3.73 million shares, or 84.39% of its previous holdings, during the second quarter [3][4] - The reduction may be attributed to profit-taking after Nvidia's stock experienced a historic 10-for-1 split and reached an all-time high of $140.76 per share [3] - Concerns about a potential AI bubble and increasing competition in the AI GPU market may have influenced Tepper's decision to sell [4][5] Group 2: JD.com Investment - Tepper's fund increased its stake in JD.com, China's No. 2 e-commerce company, by purchasing 660,737 shares, raising its total holdings to 4,310,600 shares valued at approximately $116 million [6][7] - JD.com is considered undervalued, trading at just 6.5 times consensus earnings per share for 2025, with nearly half of its market cap backed by cash [9] - The company is well-positioned for long-term growth due to its control over inventory and logistics, which allows for superior margins compared to competitors like Alibaba [8][9]
These 2 Stocks Are Down in 2024 but Look Like Bargains Right Now
The Motley Fool· 2024-09-21 13:37
Core Insights - The stock market has shown strong performance in 2024, with the S&P 500 achieving a total return of 17% through September 4 [1] Company Analysis - JD.com is highlighted as an incredible bargain, suggesting potential investment opportunities in the stock despite the overall market performance [1] - A foreign airport operator is also mentioned as a point of interest for investment, indicating diversification in investment strategies [1]
Is JD.com (JD) a Solid Growth Stock? 3 Reasons to Think "Yes"
ZACKS· 2024-09-09 17:47
Core Viewpoint - Growth stocks, such as JD.com, are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill their growth potential is challenging due to associated risks and volatility [1] Group 1: Earnings Growth - JD.com has a historical EPS growth rate of 42.7%, with projected EPS growth of 27.2% for the current year, surpassing the industry average of 21.2% [3] Group 2: Cash Flow Growth - JD.com exhibits a year-over-year cash flow growth of 32.5%, significantly higher than the industry average of -1.8%. The company's annualized cash flow growth rate over the past 3-5 years is 48.3%, compared to the industry average of 7.5% [4] Group 3: Earnings Estimate Revisions - The current-year earnings estimates for JD.com have increased by 18.5% over the past month, indicating a positive trend in earnings estimate revisions [5] Group 4: Overall Positioning - JD.com has achieved a Zacks Rank 1 (Strong Buy) and a Growth Score of A, positioning it well for potential outperformance in the growth stock category [6][7]
Wall Street Analysts See a 52.09% Upside in JD.com (JD): Can the Stock Really Move This High?
ZACKS· 2024-09-09 14:56
JD.com, Inc. (JD) closed the last trading session at $26.07, gaining 0.7% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $39.65 indicates a 52.1% upside potential.The mean estimate comprises 17 short-term price targets with a standard deviation of $9.46. While the lowest estimate of $28 indicates a 7.4% increase from the current price level, the most optimistic analyst expects the ...
JD.com, Inc. (JD) Crossed Above the 20-Day Moving Average: What That Means for Investors
ZACKS· 2024-09-02 14:36
JD.com, Inc. (JD) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, JD crossed above the 20-day moving average, suggesting a short-term bullish trend.The 20-day simple moving average is a popular investing tool. Traders like this SMA because it offers a look back at a stock's price over a shorter period and helps smooth out price fluctuations. The 20-day can also show more trend reversal signals than longer-term moving averages.Similar ...
JD.com, Inc. (JD) Crossed Above the 200-Day Moving Average: What That Means for Investors
ZACKS· 2024-09-02 14:30
JD.com, Inc. (JD) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, JD crossed above the 200-day moving average, suggesting a long-term bullish trend.The 200-day simple moving average helps traders and analysts determine overall long-term market trends for stocks, commodities, indexes, and other financial instruments. The indicator moves higher or lower along with longer-term price moves, serving as a support or resistance level.Over t ...