Chinese stocks like BABA, JD, and PDD have mixed performance with economic stimulus boost.

From Nasdaq: 2024-10-04 10:15:00

1. Relative strength investing focuses on stocks performing well compared to the S&P 500. Alibaba, PDD Holdings, and JD.com have shown strong performance. China’s recent economic stimulus measures have boosted these stocks amidst doubts about their effectiveness in a low-growth state.

2. Alibaba’s positive earnings revisions and steady quarterly results are promising, though its top-line growth remains a concern. JD.com’s cutting-edge retail infrastructure and growth outlook make it a bullish stock with a favorable valuation.

3. PDD Holdings, despite strong sales growth, has seen bearish earnings outlooks. Analysts are cautious, suggesting investors wait for positive revisions. Among Chinese stocks, a sideline approach may be wise for Alibaba and PDD, while JD.com’s Zacks Rank supports further evaluation.



Read more at Nasdaq: What’s Going on With China Stocks? BABA, JD, PDD