#2 - JD.com (NASDAQ:JD)
JD.com Inc. (NASDAQ: JD) is another e-commerce name to watch among Chinese stocks. Along with Alibaba, JD.com is colloquially referred to as the Amazon.com Inc. (NASDAQ: AMZN) of China. However, JD.com may be the most deserving of the title as it’s the largest e-commerce platform in the country.
JD stock is up more than 75% in the past month. That’s pushed the stock positive for the year. It now sports a 58% gain in 2024. Is this an example of the cream rising to the top? Or, as some analysts contend is the stock prime for a pullback?
Analysts have been neutral on the stock since it reported earnings in August. The company doesn’t report again until November, and the price action may be choppy until then. However, bullish investors and nimble options traders may view any healthy pullback as a prime opportunity to invest in one of the quality Chinese stocks.
About JD.com
JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
Read More - Current Price
- $47.08
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 10 Buy Ratings, 4 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $36.93 (21.6% Downside)
