30.25 -0.02 (-0.07%)
After hours: 7:59PM EDT
|Bid||30.25 x 3000|
|Ask||30.31 x 3000|
|Day's Range||30.12 - 31.24|
|52 Week Range||19.21 - 32.38|
|Beta (3Y Monthly)||1.44|
|PE Ratio (TTM)||205.92|
|Earnings Date||Nov 18, 2019 - Nov 22, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||36.10|
(Bloomberg) -- ESR Cayman Ltd., a logistics real estate developer, is seeking to raise as much as HK$11.4 billion ($1.45 billion) in what could be Hong Kong’s second-biggest initial public offering this year.The company and some shareholders including Warburg Pincus and Goldman Sachs Investments Holdings (Asia) Ltd. are offering 653.7 million shares at HK$16.20 to HK$17.40 apiece, according to terms of the deal obtained by Bloomberg. ESR in June postponed its IPO attempt of raising as much as $1.24 billion, citing unfavorable market conditions.ESR’s offering attracted Ontario Municipal Employees Retirement System as a cornerstone investor, with the Canadian pension fund agreeing to subscribe for a total of about $585 million of stock, based on mid-point pricing, the terms show.The comeback of ESR would further propel Hong Kong’s IPO market momentum even as anti-government protests continue to rock the city. The developer’s share sale would trail Budweiser Brewing Company APAC Ltd.’s $5.8 billion IPO last month, according to data compiled by Bloomberg. The city’s first-time share sales have slumped by 43% to $18.4 billion so far this year from the same period last year, the data shows.The rapid growth of e-commerce in Asia Pacific, fueled by local players such as Alibaba Group Holding Ltd., has boosted demand for logistics warehouse systems. ESR is raising capital as it continues to expand in the region. It bought a majority stake in Singapore’s Sabana Investment Partners Pte. after pledging to invest more than $1 billion in a logistics park in Yokohama, Japan.APG Asset Management, General Electric Pension Trust and JD.com Inc.’s Jingdong Logistics Group Co. are also among the seven holders selling shares in the IPO.ESR aims to price the offering on Oct. 25 before beginning trading on Nov. 1, the terms show. Deutsche Bank AG and CLSA Ltd. are joint sponsors for the offering.(Adds selling shareholders in six paragraph)To contact the reporters on this story: Crystal Tse in New York at firstname.lastname@example.org;Carol Zhong in Hong Kong at email@example.comTo contact the editors responsible for this story: Fion Li at firstname.lastname@example.org, Ville HeiskanenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
(Bloomberg) -- Indonesian President Joko Widodo has offered the 35-year-old co-founder of the country’s biggest startup, Gojek, a position in his new cabinet, affirming the importance of the internet sector in propelling Southeast Asia’s largest economy.Nadiem Makarim on Monday told reporters he has accepted a cabinet post after resigning with immediate effect as chief executive officer of the ride-hailing giant he started nine years ago. That leaves the $10 billion startup, one of Southeast Asia’s largest, without its most visible leader at a time it’s pursuing funding to compete with arch-rival Grab Holdings Inc. Gojek said President Andre Soelistyo and co-founder Kevin Aluwi will take the helm as co-CEOs. The company will outline its next steps in the coming days, Gojek said in an emailed statement.Widodo, commonly known as Jokowi, will specify the role to be taken up by Makarim in a later announcement. Makarim’s appointment -- in line with the Indonesian president’s stated desire to include professionals and millennials in his second-term team -- shouldn’t disrupt operations at Gojek given its deep bench of experienced managers.“This means President Jokowi’s new cabinet will be filled with young people with ability to execute,” said Willson Cuaca, managing partner of East Ventures, one of the most active Indonesian-focused venture capital firms. “It shows that Indonesia appreciates what they’ve done for the country. For Gojek, it’s reached a point that even if Nadiem resigns, it’s business as usual.”The Gojek co-founder hails from a prominent Indonesian family. His grandfather was part of the delegation that won the country’s independence from the Netherlands in a 1949 conference at The Hague.“Since the beginning, my mission in Gojek has been to display Indonesia on the world’s stage,” Makarim told reporters when he announced his resignation in Jakarta on Monday. “So, this is a continuation of that mission, but this is certainly for the state and within a bigger scale.”Read more: Jokowi Eyes $7 Trillion Indonesia Economy With New CabinetGojek is the largest player in an Indonesian internet industry that’s booming as smartphone adoption there explodes. The world’s fourth most populous country with 264 million people has produced other unicorns including Tokopedia and Bukalapak, which are driving e-commerce and the digital economy more generally.Makarim started Gojek in 2010 as a call center arranging couriers in Jakarta. At that early stage, everything was done manually -- employees called motorbike drivers one by one until someone accepted an order -- and Makarim had to work at other startups in order to sustain Gojek.It was only in 2014 that the Gojek chief decided to introduce a mobile app, with backing from private equity investor Northstar Group. When that debuted in January 2015, the service was so popular that Gojek couldn’t cope with demand, Makarim said in an interview in 2016.Gojek today has more than 2 million drivers and 400,000 merchants, while its apps have been downloaded more than 155 million times in Southeast Asia. The company counts Google, JD.com Inc. and Tencent Holdings Ltd. among its investors and is seen as an icon for aspiring Indonesian entrepreneurs.Makarim was selected as one of 50 people who defined global business in 2018 by Bloomberg Businessweek.Southeast Asia’s Internet Economy to Top $100 Billion This YearTo contact the reporters on this story: Yoolim Lee in Singapore at email@example.com;Viriya Singgih in Jakarta at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, ;Thomas Kutty Abraham at firstname.lastname@example.org, Vlad SavovFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of JD.com, Inc. Hong Kong, October 16, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of JD.com, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Theoretically, it was the news that Wall Street was anxiously seeking. After a protracted trade war between the U.S. and China that left neither side as the clear victor, investors were ready to move forward with a productive relationship. Of course, one of the biggest beneficiaries would be China-based investments, such as JD.com (NASDAQ:JD) and JD stock.Source: testing / Shutterstock.com Following a series of tense negotiations between American and Chinese delegates last week in Washington, President Donald Trump made an announcement: critically, the two sides have agreed to a temporary truce, which he has termed a "phase one deal." According to a CNBC report:As part of that deal, China will address intellectual property concerns raised by the U.S. and buy $40 billion to $50 billion worth of U.S. agricultural products. In exchange, the U.S. agreed to hold off on a tariff hike set for this week.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAgain, on surface level, the news bolsters the argument for JD stock. Additionally, the apparent warming of relations opens the possibility of comebacks for major Chinese companies, such as Alibaba Group (NYSE:BABA) and Tencent (OTCMKTS:TCEHY). At least as far as stakeholders of JD.com are concerned, shares moved higher on last Friday's session, as well as on Monday. * 7 Tech Stocks You Should Avoid Now But is this announcement enough to get those on the sidelines to believe in JD.com? Despite the positive implications of this truce, the markets were unimpressed, turning in a muted performance.Ultimately, I believe this was due to a lack of credibility. As we see with the wild gyrations with JD stock since spring of this year, trade negotiations have been all talk and little meaningful action. Based on the headlines, I wouldn't chase JD.com here. JD.com Is Stuck in a Cloud of UncertaintyOver the years, Chinese stocks have generated considerable interest stateside. However, the one critical factor in China's massive growth is the U.S. As the world's largest exporter, China requires a robust relationship with American corporations and consumers.Of course, with a more lasting trade deal, the optics for JD.com stock improve significantly. But what's telling is that only one side - the Trump administration - expresses definitive optimism. According to China Daily, the country's official state-owned English-language newspaper:While the negotiations do appear to have produced a fundamental understanding on the key issues and the broader benefits of friendly relations, the Champagne should probably be kept on ice, at least until the two presidents put pen to paper.That doesn't sound like a trade deal is imminent. In my view, the Chinese government is leery about President Trump's seemingly erratic behavior. At least in this regard, I don't blame them. I'm also not surprised that JD stock really hasn't moved since the end of March.Now, it's true that China has attempted to diversify its economy. In recent years, the government has introduced monetary, structural and fiscal reform to help transition an export-driven economy into a consumption-drive one. On paper, this should give China the edge in this current geopolitical conflict.But in order for this strategy to work effectively, the Chinese consumer must be strong. And that's exactly what it's not, according to Victor Shih, Ph.D., associate professor of political economy at the University of California, San Diego. In an email correspondence, Shih described that the average Chinese households "are trapped between much higher food prices and uncertainties about future income."Such a negative dynamic will put off discretionary spending. Naturally, this is a net negative for JD stock. Avoid JD Stock Until a Deal Is DoneMoving forward, we have two basic ways to play JD.com stock: gamble on the signing of a permanent trade deal or stay on the sidelines until you know for sure.If you're not a professional trader, you're better off waiting. For one thing, Trump is an unpredictable world leader. His recent actions in Syria angered Christian evangelicals, who largely represent ardent support for his administration.That shows you that Trump is a "my way or the highway" type of leader. And gambling on that is always a tough business.Second, I don't like the variables that the upcoming election poses for the trade war. As I've argued before, the president cannot look weak to his conservative base. Wavering on China, an issue which has dogged both the Obama and Bush administrations, carries significant risk.Therefore, I see more chances of things going badly for JD stock than the other way around. The smart move is to wait for this noise to fade, if it fades at all.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Beverage Stocks to Buy Now * 10 Groundbreaking Technologies Created by Universities * 5 Semiconductor Stocks Worth Your Time The post JD.com Needs a Real Deal Between the U.S. and China appeared first on InvestorPlace.
On Sept. 19, 2014, Alibaba Group (NYSE:BABA) went public. In what still is the biggest U.S. IPO of all time, Alibaba stock priced at $68. It closed on its first day at $93.89, a healthy 38% pop.Source: BigTunaOnline / Shutterstock.com On Jan. 6, 2017, Alibaba stock again closed at $93.89. It had spent some 26 months trading mostly sideways, in fact dipping below its IPO price during the early 2016 broad market correction.But this time, $94 was a buying opportunity. Within three weeks, BABA stock was above $100, and never would dip into the double-digits again. The rally continued at an aggressive pace: BABA cleared $200 in less than 18 months.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Hot Stocks Staging Huge Reversals Since then, however, the range-bound trading that marked BABA stock's first two-plus years on the public markets has returned. Monday's close of $171.16 puts the stock back to where it traded in August 2017 -- a little over 26 months ago.Investors who have long waited for Alibaba stock to finally rally again might hope that history will repeat. The problem at the moment is that, timing aside, it's not at all clear why or how that can happen. Is the Trade War to Blame for the Pressure on BABA Stock?Fundamentally, Alibaba stock looks cheap. It trades at an even 20x FY21 (ending March) consensus EPS. That low multiple comes despite the Street projecting 26% earnings growth next year, on top of a 23% increase this year.The 20x multiple doesn't even include potential optionality, most notably through the company's 33% stake in Ant Financial. That payment company has provided minimal help to Alibaba earnings so far -- but raised money at a $150 billion valuation last year. Assuming that valuation holds, Ant would account for over 10% of the current market capitalization of Alibaba Group.A common answer as to why BABA stock trades so cheaply is the trade war. Investors may well be worried that the impact to the Chinese economy from U.S. tariffs will slow that growth. Move FY21 earnings from a current consensus of $8.65 to something closer to, say, $7.50, and now Alibaba stock trades at 23x forward EPS. That's a premium to U.S. megacap tech plays like Facebook (NASDAQ:FB) and Alphabet (NASDAQ:GOOG,NASDAQ:GOOGL) despite roughly similar growth in this scenario.But I'm skeptical the trade war necessarily is the key driver here -- or that a resolution of the dispute will lead to a sustained rally in Alibaba stock. After all, BABA's one big rally on the public markets began not long after the U.S. presidential election.Surely investors heard Donald Trump during the campaign. His plans likely seemed a potential negative for Chinese companies like Alibaba; indeed, BABA stock (unlike most U.S. equities) declined the day after Trump's surprise win. And rival JD.com (NASDAQ:JD) has rallied nicely this year amid trade war worries, even if it declined much further during the late 2018 sell-off.A surprise trade deal no doubt would give Alibaba stock a nice pop. But as with the market as a whole, it seems too simplistic to argue that investors will simply send the stock up 10% or 20% once the trade dispute is resolved. It seems reasonably likely that investors expect a resolution at some point, and thus aren't pricing long-term effects into Alibaba stock. Can Earnings Drive Alibaba Stock Higher?Alibaba shareholders might well look to earnings, due in about a month, as a catalyst for the stock. After all, Alibaba historically has performed well relative to expectations. That includes solid beats with both fiscal Q4 and Q1 earnings.But those beats have done little for BABA stock. Shares actually sold off following the fourth quarter report. A post-Q1 rally faded quickly.In fact, it seems like earnings, if anything, could be a negative for BABA shares. Investors expect hugely impressive numbers -- and even when Alibaba delivers, don't always reward the company for doing so. Good numbers probably aren't enough to bring skeptics in, while bad news can shake the confidence of impatient shareholders.If bad news is punished, and good news met with a shrug, then Alibaba Group could be in a tough spot ahead of next month's release. Trust in Alibaba GroupThe broader problem I've long noted with BABA stock is that many investors just don't trust the company. The transfer of Alipay (now known as Ant Financial) from Yahoo! (now Altaba (OTCMKTS:AABA)) and Softbank (OTCMKTS:SFTBY) raised real worries about shareholder rights. The Cayman Islands VIE setup spooks other investors.The way the company is currently constituted, and managed, means that Alibaba stock is going to get a persistent discount to U.S. names. Much of the argument around the stock centers on just what that discount should be. Is there a risk that one day, Alibaba simply removes the profit rights of Alibaba stockholders? Is Alibaba's accounting trustworthy?This problem can be ameliorated over time. With Jack Ma moving on, new CEO Daniel Zhang can put his own imprint on the company. Perhaps a trade war deal will open Chinese markets -- and allow for actual ownership in the company, not in a VIE entitled to some of its profits. (This was one of the hoped-for effects of the company's now-postponed Hong Kong listing.)But in the meantime, Alibaba stock still is a no-go for many investors -- and a stock with significant questions, as Ian Bezek pointed out this summer. That's not going to change any time soon.So what moves BABA stock higher? It's hard to answer that question, but maybe that itself is the answer. It's possible a rally will simply come once the stock gets too cheap, even for more risk-averse investors. After all, the rally that began in late 2016 didn't have a spark beyond higher optimism on U.S. stock markets after 26 months of sideways trading. The best near-term hope for BABA stock might be that history repeats on both fronts.As of this writing, Vince Martin has no positions in any securities mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Hot Stocks Staging Huge Reversals * 7 Under-The-Radar Growth Stocks That Could Benefit New Investors * 5 Excellent High-Yield Dividend Stocks to Buy The post Two Years On, Alibaba Stock Still Lacks a Catalyst appeared first on InvestorPlace.
Shares of tech companies Alibaba, JD.com, the Trade Desk, and Roku are up today. The broader indexes have also opened higher on trade talk optimism.
Prior to the most recent dust up in U.S.-China relations, the case for Alibaba Group (NYSE:BABA) was an interesting one. After Alibaba stock peaked in the early summer 2018, shares have consistently met upside resistance. However, an apparent thaw in trade war tensions suggests a potential breakthrough. After all, a Chinese delegation was willing to meet in Washington for high-level talks.Source: testing / Shutterstock.com Now, all hope appears dashed and I'm not using any hyperbole. On Tuesday, Bloomberg News broke a startling development that the White House was "discussing blocking government pension funds from investing in China." Logically, such a measure would have serious implications for BABA stock, along with high-profile names like JD.com (NASDAQ:JD) and Baidu (NASDAQ:BIDU).And if that weren't enough, the South China Morning Post reported that the two sides have not made any progress on key trade issues. Because of this stalling in negotiations, the Chinese delegation will leave on Thursday, a day earlier than scheduled. Unsurprisingly, Dow Jones Industrial Average futures dropped 300 points following the announcement.InvestorPlace - Stock Market News, Stock Advice & Trading TipsYou don't need to read between the lines. This is all around bad news for Alibaba stock. * 10 Best Cloud Growth Stocks Right Now Of course, the contrarians will argue that BABA stock represents great value. For one thing, Alibaba Group admittedly has great fundamentals. Profitability margins beat out most competitors in the broader retail segment. Revenue growth is very impressive. Just a few years ago, BABA racked up only $15.6 billion in annual sales. Currently, it's on pace to exceed $60 billion.Of course, Alibaba Group offers myriad innovations that bolster the longer-term narrative. But none of these things will matter for Alibaba stock in the interim with President Trump in the driver's seat. Alibaba Stock Has an Executive ProblemI'm not too sure which way most InvestorPlace readers sway when it comes to politics. But based on prior interactions, I'd guess conservative.If that's true, most of you can rejoice: I believe the evidence strongly points to President Trump winning a second term next year. But that's also bad news if you have substantial exposure to BABA stock.Now, you might be thinking, "how could Trump possibly win when he is polling so poorly?" I would counter, though, that we should note that polls aren't always accurate, as the 2016 election proved.But more importantly, I don't see the Democrats and the broader left-leaning politicians forwarding any substantive policies. Every time I turn on the news, I'm inundated with cries about Trump's alleged racism. And leading Democratic candidates like former Vice President Joe Biden have bluntly called Trump racist and divisive.What's the problem with all this? Well, people simply get tired of politicians pulling the race card to further their agendas. I agree with The Wall Street Journal op-ed writer Jason L. Riley, who bemoaned the extreme obsession with racial politics.And with the racism charge dulled, the Democrats have no solutions for real, everyday Americans. This above all else probably explains why most Americans believe Trump will win reelection, even with getting impeached.Again, that's bad news for Alibaba stock. No other president in recent memory has imposed such a tough, no-nonsense approach to China. With Alibaba Group in particular being the Asian juggernaut's flagship corporation, I don't see a positive outcome for BABA stock in the nearer term.Let's also remind ourselves that saving face is a highly revered component of Chinese culture. Right now, the Chinese are losing a lot of it thanks to Donald J. Trump. * 7 Funds to Buy If the Market Turns Sour Trump Is Doing What Must Be DoneObviously, the trade war is not a popular topic no matter who's side you're on. Small businesses that depend on warm U.S.-China relations have been disproportionately hurt. If tensions continue, all American consumers will start bearing the cost of this conflict.But what makes this situation especially awkward for stakeholders of Alibaba stock is the trade war's moral reality. If the U.S. shows any weakness here, it sends the wrong message to our adversaries: they can steal our intellectual property and stymie American interests with little penalty.President Trump cannot send that message. Especially with an election year coming up, he can't afford to disappoint his core voting base. That bodes poorly for Alibaba stock for the next 12 months. And it will get even worse if we download Trump 2.0.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Short Now -- Before They Plummet * 10 Best Cloud Growth Stocks Right Now * 5 Red-Hot Retail Stocks to Buy This Holiday Season The post Alibaba Stock May Be Stuck in a Political Bear Trap Longer Than We Think appeared first on InvestorPlace.
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
Benchmarks closed in the negative territory on Tuesday as U.S. blacklisted 28 Chinese companies and imposed visa restrictions on Chinese officials, dampening hopes on trade negotiations.
The feud between China and the NBA has started to heat up after the NBA commissioner announced on Tuesday that he would not be regulating what his general managers or players say.
Looks Toward Growth in Rural Chinese Networks as Key for Q3 By IPO Edge Editorial Staff Chinese e-commerce giant JD.com, Inc. (NASDAQ:JD) reported second quarter results on Tuesday, August 13, smashing its own revenue guidance and hitting a net profit on the bottom line. JD’s founder and CEO Richard Liu continues to push revenues for the e-commerce […]
What will today's political games bring tomorrow or the day after? It's far from clear, to say the least. But for Chinese stocks Baidu (NASDAQ:BIDU), New Oriental Education (NYSE:EDU) and JD.com (NASDAQ:JD), the price charts are offering promising entries for investors willing to ignore headline threats in favor of risk-adjusted opportunities. Let me explain.They're pawns in a politically heated game where the rules of engagement are blurry at best. I'm referring to U.S.-listed Chinese stocks. As most investors are aware, the international trade war has negatively impacted the Asian giant's economy over the past couple of years and proven a foe for bullish investors in many of the country's largest companies.Diversified tech giant Alibaba Group (NYSE:BABA) and large-cap energy producer China Petroleum (NYSE:SNP) certainly haven't been immune. Since hitting highs in 2018, those titans of industry are off 20% and 37% respectively. And then there's a difficult 25% drop for the very popular iShares China Large-Cap ETF (NYSEARCA:FXI) market barometer.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow this political back-and-forth between the U.S. and China has added another layer of uncertainty to Chinese stocks. Over the past couple weeks, the President Donald Trump administration has hinted it's considering a forced delisting of publicly traded stocks domiciled in China. * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? To be clear, there is no clarity on how this politically driven move might play out -- or how it might even be accomplished. And many argue whether it's really in the U.S.' best interests to consider going down this road. Bottom line, though, away from the "will he or won't he" headlines driving volatile day-to-day price action in Chinese stocks, shares of BIDU, EDU and JD stock have caught our eye on the price charts. They are names which are in friendly positions for bulls and bears in the weeks and months ahead. Chinese Stocks: Baidu (BIDU)Known to many as China's answer to Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) due to its search business and broad reach in other technologies (like autonomous vehicles), BIDU stock is the first of our Chinese stocks to buy. Shares of Baidu have had a tough go due to company-specific issues over the last couple years. But many of those difficulties look to be in the rearview mirror after the company released its last earnings report.What's more, the pressure and price action add up to a below-the-market price multiple opportunity in a name still poised for growth.The price chart in BIDU stock also looks supportive for a turnaround in shares. The monthly view has Baidu stock setting up as an undercut variation of the classic double-bottom pattern. Combined with a "modest" failure of the closely watched 62% Fibonacci support, the possibility of a powerful intermediate low is raised in our technical assessment. The BIDU Stock TradeFor this Chinese stock, I'd suggest waiting for monthly chart confirmation of a pattern low. Waiting until a move above $116 looks like a solid buying strategy. That entry narrowly clears the high of the September pivot bottoming candlestick. This purchase also allows BIDU stock to reclaim the 62% level and should help drive additional buying pressure from bears positioned out of a smaller flag pattern.Along with our next two trade candidates, I'd also recommend a bull call spread in BIDU. It's a safer way to gain exposure in shares given today's volatile trading environment for Chinese stocks. New Oriental Education (EDU)New Oriental Education is another company to consider buying. EDU stock is well-known to growth investors and for good reason. Not only does this prep and online educational services outfit sport double-digit growth, after a significant 50%-plus correction in 2018 shares have been a rare bird within the universe of Chinese stocks as EDU continues to challenge fresh all-time-highs.Currently EDU is forming a tight triangle that's entering its third month of consolidation. With the pattern developing on either side of EDU's former highs, there's solid evidence this platform will lead to a breakout and another large rally into 2020. The EDU Stock TradeFor this Chinese stock, look to buy a slightly out-of-the-money intermediate-term bull call spread. But wait to see if EDU shares can stage a breakout above pattern resistance in the coming days or weeks. JD (JD)JD.com has been likened to Amazon (NASDAQ:AMZN) by many investors due to its online retail presence and growing logistics and services businesses. Technically speaking, JD stock is one which could be setting up for either bears or bulls.The monthly chart of this Chinese stock shows two head-and-shoulder patterns. The smaller formation played out well for bears as shares broke neckline support in 2018 and proceeded to tumble by roughly 40% before forming a triple bottom below $20. But the worst may be yet to come. A larger head-and-shoulders formation has developed over the entirety of JD stock's time as a publicly listed company. Ultimately, a breakdown beneath triple-bottom support would confirm a failure of the large pattern's neckline.Alternatively, with JD stock's right shoulder having formed a pivot high against the smaller neckline and 38% retracement level, a failure or upside breakout could be a huge buy signal for shares. A broken pattern can be powerful motivators for new money to come in. Then a bullish phase could begin. The JD Stock TradeWith shares stationed much closer to a pattern failure than confirmation, if JD can clear the August high of $32.28, a buy entry could be close at hand. Still, bears do have the benefit of the developing bearish head-and-shoulders formation. Either way, respecting the price chart to enter and exit and make any long or short positions a more ironclad proposition using JD stock's options market is advised.Investment accounts under Christopher Tyler's management do not currently own positions in securities mentioned in this article. The information offered is based upon Christopher Tyler's observations and strictly intended for educational purposes only; the use of which is the responsibility of the individual. For additional market insights and related musings, follow Chris on Twitter @Options_CAT and StockTwits. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Best ETFs for 2019: The Race Is a Little More Gnarly Now * 7 Next-Generation Healthcare Stocks to Buy * Are These 10 High-Yielding S&P Dividend Stocks Traps or Treasures? The post Friend or Foe? 3 Chinese Large-Cap Stock Charts to Trade appeared first on InvestorPlace.
The latest declaration from the U.S. administration that it is not contemplating blocking China-based companies from listing shares on U.S. stock exchanges comes as a breather for solar stocks
Today we are going to look at JD.com, Inc. (NASDAQ:JD) to see whether it might be an attractive investment prospect...
Alibaba announced its 5-year targets, its first ML chip, some partnerships, an investment in Taiwanese AR startup and a NetEase unit while the government announced that it would be sending reps.
Robot technology is resulting in the biggest reduction of headcount across the banking industry with about 200,000 jobs set to be replaced by new tech. Yahoo Finance's Dan Roberts, Brian Cheung, Julia La Roche, and Kristin Myers discuss.