Opportunities in Chinese stocks like Baidu, BYD, and PDD Holdings with strong buy ratings.

From InvestorPlace: 2024-05-15 07:52:27

Geopolitics and economic turmoil have resulted in a sharp collapse in Chinese stocks, creating opportunities for long-term investors. Wall Street remains optimistic about companies like Baidu, with its diverse tech ecosystem including autonomous driving services. BYD, a leading electric vehicle maker, shows promise despite revenue challenges, and PDD Holdings continues to grow, doubling revenue in 2023. With Wall Street’s “Strong Buy” ratings, these Chinese stocks are worth considering.



Read more at InvestorPlace: Wall Street Favorites: 3 Chinese Stocks with Strong Buy Ratings for May 2024