China stocks, including BYD and PDD Holdings, showing potential with improving economy

From Investor’s Business Daily: 2024-05-11 13:20:00

China stocks are rebounding as the economy picks up. Top stocks to watch include BYD, PDD Holdings, New Oriental Education, Bilibili, and Tencent. Trip.com is a strong performer, but there are many other opportunities such as Alibaba, JD.com, Baidu, and EV makers like Li Auto and Nio. Consider ETFs for diversification. BYD is a leading EV maker with growing overseas sales. Q1 earnings slightly missed, but gross margins hit a record. The stock is up 2.5% in 2024. Bilibili is a livestreaming video site with narrowing losses. Recent breakout from consolidation offers buying opportunity. Tencent is a messaging and gaming giant with expected Q1 earnings. The stock is building a cup base with a buy point at 53.01. PDD Holdings, parent company of Pinduoduo, is consolidating near 52-week highs. Earnings up 102% in Q4. Watch for breakout from cup-with-handle base. Larger rivals Alibaba and JD.com to report earnings soon.



Read more at Investor’s Business Daily: Best China Stocks: Tesla Rival BYD, E-commerce Plays PDD Setting Up