OKTA, JD and ZIM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 14, 2024.
JD.com (JD) stock price has staged a strong comeback, as I predicted in August. It soared to a high of $47.78 this month, its highest point since February 2023.
JD, ZIM and PGR made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 10, 2024.
JD.com, Inc. (JD) reachead $47.08 at the closing of the latest trading day, reflecting a +0.23% change compared to its last close.
The China stimulus measures have caused Chinese stocks to rocket higher in anticipation of a recovery to come. It's indiscriminately caused any Chinese stock in the computer and technology sector and retail/wholesale sector to get a boost coupled with existing short interest have resulted in double and sometimes triple digits gains in a matter of weeks.
The rally in Chinese stocks may be set for a correction. But JD's fundamentals point to a strengthening company that has the potential to continue rallying.
JD.com (JD) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
JD is still struggling to grow its top line, but due to improving margins and share buybacks, the bottom line almost doubled in the second quarter. In the years to come, JD will continue to grow its top line and can also use its free cash flow and cash reserves for share buybacks. Despite increasing 100% from its bottom, the stock price is still deeply undervalued.
Since Chinese officials announced stimulus measures, Chinese stocks have ripped higher.
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.
JD.com, Inc. (JD) closed at $40 in the latest trading session, marking a +0.25% move from the prior day.
JD.com benefits from the latest stimulus measures for China's economy. Its strength in the e-commerce business boosts its prospects.