From Nasdaq: 2024-05-03 12:56:00

PDD Holdings Inc. (PDD) shares surged 10.5% to $137.54 due to increased trading volume. The company’s strong momentum in online marketing and transaction services, especially in agriculture and groceries, contributed to this rally.

Upcoming quarterly earnings for PDD are expected to be $1.60 per share, a 58.4% increase YoY. Revenues are projected to be $10.42 billion, up 90.1%. Keep an eye on this Zacks Rank #1 stock for potential future gains.

Alibaba (BABA) saw a 6.4% increase in stock price to $80.33. The company is anticipating an EPS of $1.20 for the upcoming report, a -23.1% change YoY. With a Zacks Rank of #4 (Sell), investors should remain cautious when considering this stock.

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Read more at Nasdaq: PDD Holdings Inc. (PDD) Surges 10.5%: Is This an Indication of Further Gains?