144.99 -0.99 (-0.68%)
After hours: 7:08PM EST
|Bid||144.61 x 1200|
|Ask||145.00 x 900|
|Day's Range||142.82 - 148.07|
|52 Week Range||130.06 - 211.70|
|Beta (3Y Monthly)||1.74|
|PE Ratio (TTM)||41.74|
|Earnings Date||Jan 30, 2019 - Feb 4, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||204.07|
Mitchell Kim of Maybank Kim Eng says there is higher "key-man risk" for JD.com than for competitor Alibaba, as the company still does "revolve around" its founder, Chinese billionaire Richard Liu, who has been accused of rape.
The U.S. might have the largest concentration of billionaire wealth, but China's billionaires are a rapidly growing class of individuals.
In the previous part of this article, we discussed why the popular research firm Citron Research recommended a “buy” on NIO (NIO) on November 19. Overall, four out of ten total Wall Street analysts covering the company rated it as a “buy.” However, these analysts’ consensus target on NIO reflected only 0.4% upside potential from its November 19 closing price. The stock has rallied lately, and it was trading with 32.9% month-to-date gains, so Wall Street analysts might choose to update their target price on NIO in the coming weeks.
Despite the obvious specter of a full-blown trade war, Alibaba (NYSE:BABA) shareholders have a big reason to smile. Just a little over a week ago, the company launched its annual Singles Day, an unofficial shopping holiday in China. On paper, the results should boost long-term prospects for BABA stock.
In the previous part of this series, we looked at the recent stellar gain in NIO (NIO) stock. The company has risen 32.9% in November so far as of November 19. Now, let’s move on by looking at Wall Street analysts’ ratings on NIO stock.
NIO started its journey on Wall Street with an underwhelming response from investors with an IPO priced at $6.26 per ADS (American depositary shares) on September 12. On its second trading day, the stock jumped nearly 76% to $11.60, its all-time high on a closing basis. These gains didn’t last for long, and NIO ended October at $5.90. Nonetheless, NIO seems to be readying itself for greater heights in November. Let’s take a closer look.
Uxin (UXIN), China’s largest used car e-commerce platform, announced its third-quarter earnings results before the market opened on November 20. In the third quarter, Uxin’s adjusted net earnings fell to -517.0 million Chinese yuan (-$75.2 million) from -434.1 million yuan (-$65.6 million) in the second quarter. The company missed analysts’ expectation of -472 million yuan in adjusted net earnings in the third quarter.
Twitter’s (TWTR) price-to-sales ratio for the trailing 12 months (or TTM) stands at 8.63x compared to the industry average of 5.59x and the sector’s average of 204.51x.
Investors ought to pay attention to the changing character of the U.S. stock market. Investors may want to prepare now and fine-tune their skills for a different kind of market. Please click here for the chart of money flows in 11 popular technology stocks.
Amazon (AMZN) and Cisco Systems (CSCO) recently announced their agreement to collaborate on a hybrid cloud computing program. Hybrid cloud technology appeals to businesses and organizations that aren’t sold on the idea of running their data or applications entirely on remote servers.
According to the Bank of America Merrill Lynch Survey for November, the so-called FAANG and BAT stocks—the US stocks Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Google (GOOGL) and China’s Baidu (BIDU), Alibaba (BABA), and Tencent (TCEHY)—remained the most crowded trade for the tenth consecutive month. However, investors’ sentiment seems to be shifting, as only 29% of the respondents determined them to be the most crowded trades as compared to 32% last month and 36% a month before that. ...
On Singles Day, the Chinese online shopping event that has eclipsed Black Friday in size, Alibaba issues heat maps showing the density of orders and parcels criss-crossing the nation. This year, a red patch glowed over Zhongnanhai, the compound in Beijing where the top Communist party leaders and their families live, suggesting they were as busy snapping up bargains as anyone else.
"We are pleased to report solid results for the third quarter, with our core JD Mall business driving consistent growth under its highly experienced management team," said CEO Richard Liu. "JD's commitment to convenient, reliable service and high-quality, authentic products continues to translate into an increasingly loyal user base. The JD.com numbers echo those from rival Alibaba Group Holding Co.
JD.Com (NASDAQ:JD) was down more than 3% on Monday following the release of its third quarter numbers. The top line fell short of expectations. Given that JD’s primary rival, Alibaba (NYSE:BABA), fell short of last quarter’s revenue estimates, one would have thought the potential miss would already be priced into JD stock as well. With the JD stock price now down 57% from its January peak, are shares bargain priced and finally ripe for a rebound?