|Bid||42.20 x 1200|
|Ask||42.47 x 45900|
|Day's Range||42.39 - 42.74|
|52 Week Range||37.85 - 45.96|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.24|
|Expense Ratio (net)||0.74%|
JD.com (NASDAQ:JD) had an incredible rally that started in April of 2017. The stock then rose 60% coming into an inflection point. It is currently tracing out a similar pattern so it is possible that JD stock will party it's 2017 starting in the next few weeks, So this is an opportunity that is worth investigating.Source: Shutterstock In early June, I shared a note to stay long JD stock as it showed promise, and that paid off well. The stock rallied almost 20% thereafter. So from a trading perspective, those long the stock can set appropriate stop loss levels to safeguard these profits and still continue to participate in this rally.Fundamentally speaking, JD stock is somewhat confusing to evaluate. On the one hand, JD has a 200 trailing P/E ratio. But on the other hand it sells at a low multiple to sales. So the arguments are valid from both sides of the fence. Bulls and critics alike can offer viable points in their debates.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 EV Stocks to Buy for Big Gains Over the Next Decade So the tiebreaker here is the technical chart aspect. Important Levels for JD.com StockIt is worthy to note that last year about this time JD stock also showed great promise after it had rallied 30% into June. But that party ended with a disastrous 55% correction. But this time it could be different because this setup has better relativity.Currently JD stock is much lower than its all-time high so it has less froth. This level is also close to the 50% retracement of the harsh correction from last year. So from that perspective the setup that we have now comes from a more modest one than last year's, which makes it less vulnerable to big debacles.JD.com stock double bottomed on Christmas Eve and embarked on a 60% rally from the lows. Since then, it has been setting higher-lows and has been knocking on a ceiling for over two months. This builds energy into the chart which often has to resolve itself one way or another. So there is a move coming but the breakout can be in either direction.JD is up 50% year-to-date which is more than twice the S&P 500. This is also seven times better than the iShares China Large-Cap ETF (NYSEARCA:FXI). So the bulls have the momentum, and odds are it will be another leg higher and that could mean $40 per share or more. If the bulls can close above $32, they can invite more momentum buyers to really heat this rally up. There will be resistance is along the way around $36 per share.That level has been in contention in a major way since 2015. Back then it served as a impenetrable roof but after a two year effort, the bulls finally broke out from it and set new all-time highs over $50 per share. Alas, that didn't last too long because of last year's correction.During that debacle, $36 per share also served as a JD's breaking point for a ledge that resulted into the Christmas crash.So here is JD.com back to an opportunity that could bring the stock back to this pivotal level. And with a little luck and a conducive overall stock market price action, the bulls can prevail once more. The Bottom Line for JD StockIn the next few weeks, the fight should come back to that level and it could result in a another great rally. Either case, owning JD stock at now has more upside opportunity than downside risk.It is important to note that the trade war between the U.S. and China is still ongoing. And even though the politicians sound a little nicer these days, they are no closer to a deal than before. JD stock is susceptible to these headlines.So for what it's worth, there might be still some hopium premium built into the stock. However I bet it's not significant because this trade war has been in the news for over a year and Wall Street has had time digest it. In these cases, even though it's not fully priced in, traders have already given risk its allocations for either side of the outcomes of the struggle between the two nations. * 7 Dependable Dividend Stocks to Buy So if they drag their feet finding a deal, it's not going to affect the stock negatively too much. Conversely, if they get a deal done, JD.com stock will rally hard in relief and enough to start the potential spike that is brewing in the chart today.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here.The post JD Stock Is About to Party Like It's 2017 appeared first on InvestorPlace.
The trade war has depressed the manufacturing activity in China and the US. The Caixin China General Manufacturing PMI fell to 49.4 in June.
The US-China trade war has paused as the two countries restart trade talks, but the lack of a timeline is keeping companies on their toes.
China's National Bureau of Statistics said in a statement that its economy will continue facing "downward pressure" in the back half of the year, CNN reported. U.S. President Donald Trump wrote in a series of Tweets Monday morning that American tariffs on Chinese goods are "having a major effect" on China's economy. In the meantime, we are receiving Billions of Dollars in Tariffs from China, with possibly much more to come.
Despite the lingering uncertain outlook with trade disputes not yet settled, Chinese market and country-specific ETFs still offer opportunities for investors. “Regardless of what ultimately happens with the China trade tensions, there is a robustness to China that doesn’t exist anywhere else in the emerging markets,” Lewis Kaufman, a portfolio manager at Artisan Partners, the Artisan Developing World (ARTYX), told CNBC. It’s very difficult to access domestic demand through the vehicles we would wish to use in so many emerging-market countries,” Kaufman add.
China added another 10.3 tons of gold to its reserves in June, marking the seventh consecutive month during which it added to its reserves.
One of the demands coming from the American side is for better treatment of its companies in China, CNBC said in a separate story. Chinese Premier Li Keqiang said Tuesday that his government will look at ways of generating a more equal playing field in the country for all companies. Companies from the U.S. and other international companies operating in China often claim they are forced into sharing valuable technology and information to open business in the country.
President Donald Trump and Chinese President Xi Jinping agreed to resume trade talks, and the United States will back down for now from a threat to impose more tariffs, easing, at least temporarily, the high-stakes multibillion dollar trade war that has made investors around the world nervous. Stocks are likely to see at least a short-term rally after the Trump’s announcement of progress amid relief that further escalation of the trade war has been avoided for now. "We're going to work with China where we left off,” Trump said after the meeting with Xi at the G-20 summit in Osaka, Japan.
Heading into the G-20 summit, U.S. and Chinese negotiators failed to finalize a trade deal that would potentially put an end or pause to recent tariffs. One of the more likely outcomes would be the two leaders agreed to a temporary pause in escalating the ongoing trade war, CNBC reported. Trump made it clear the complete opposite outcome is on the table as new tariffs on $300 billion of new goods would be levied on China if he doesn't like what Xi has to say.
Today, the South China Morning Post reported that the US and China have agreed to a tentative truce to the trade war and are working on statements in this regard. The truce would delay tariffs on an additional $300 billion worth of Chinese goods entering the US.
The US Department of Commerce will extend its trade ban to five supercomputing companies that buy chips from US companies, such as Advanced Micro Devices, Intel, and NVIDIA, starting on June 24.
U.S. and Chinese officials were close to finalizing a trade agreement in recent months, but China knows what "we have to have" included in negotiations to end talks, Trump told Fox Business reporte Maria Bartiromo. Until a trade deal is reached, the U.S. government collects a 25% tariff on $250 billions of imports, Trump said.
Although the S&P 500 and other American indexes fell sizably yesterday on Powell’s less-dovish tone, China’s key indexes remained sideways today after opening lower and gaining in early trade. The Shanghai Composite Index dropped 0.2%, while the Shenzhen Component ended flat. The CSI300 Index lost 0.18%.
Trump, Xi, to Meet on Saturday As Global Economy Hangs In Balance President Trump will be meeting with China’s Xi Jinping this weekend, but won’t cow to any conditions on the use of tariffs, which raises the question of what the two will be talking about. One official said that an agreement not to raise […]The post Market Morning: Trump vs Xi, Ali, & Powell, Bank of America Sees $30 Oil appeared first on Market Exclusive.
Technically speaking, the U.S. benchmarks’ June price action remains comfortably bullish ahead of key meetings at this week’s G-20 summit, writes Michael Ashbaugh.
All eyes on Wall Street this week will be focused on Japan and the G-20 summit. The highlight of the summit for investors will likely be a one-on-one meeting between U.S. President Donald Trump and Chinese ...
The six-day winning streak of the benchmark Shanghai Composite Index was broken today as the index fell 0.87% to close at 2,982.07. This was the longest winning streak in over a year for the index, which has gained 19.6% so far in 2019.