|Bid||40.32 x 4000|
|Ask||40.35 x 800|
|Day's Range||39.71 - 40.38|
|52 Week Range||21.50 - 40.99|
|Beta (5Y Monthly)||1.37|
|PE Ratio (TTM)||274.49|
|Earnings Date||Feb 25, 2020 - Mar 01, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||40.23|
(Bloomberg) -- Chinese ride-hailing startup Dida Chuxing is seeking to raise as much as $300 million and is considering an initial public offering, escalating competition with larger rival Didi Chuxing, according to people familiar with the matter.IDG Capital-backed Dida is raising between $250 million to $300 million in a pre-IPO round that it pitched to a wide range of investors, the people said, asking not to be named because the matter is private. Dida has mulled floating on exchanges in mainland China or Hong Kong, but prefers the latter, one person said. A Dida spokeswoman declined to comment.Ride-hailing operators are grappling with dwindling investor sentiment after Uber Technologies Inc. went public last May only to see its shares tumble. Dida, which infuses social elements into its car and taxi-hailing operation, has been trying to raise capital since around the middle of last year, the people said. It’s unclear what valuation the Chinese company is targeting.In May 2015, Dida received a $100 million funding from China Renaissance Capital Investment, according to Dida’s website. In March 2017, Chinese private equity fund Nio Capital led a new round in Dida. Hillhouse Capital, IDG, JD.com and Nio Capital participated in the company’s last funding round, according to a slide deck created in August but that’s been recently circulated to investors and viewed by Bloomberg News.Dida says it became profitable last April, earning 29 million yuan ($4.2 million) in the second quarter of 2019, according to the investor presentation slides. The company generated 151 million yuan in revenue for 2018, and expects that to have jumped to 643 million yuan last year, the same presentation shows.Beijing-based Dida is a distant second to Didi in China’s ride-hailing arena but its popularity grew after two female passengers were murdered while using the services of competitor Didi. Dida operates a network of 1.2 million taxi drivers and its daily orders has surpassed 3.65 million, according to the deck.To contact the reporters on this story: Zheping Huang in Hong Kong at email@example.com;Dong Cao in Beijing at firstname.lastname@example.org;Manuel Baigorri in Hong Kong at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Colum Murphy, Peter ElstromFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Vipshop Holdings (VIPS) stock has soared 140% in the last year to crush Alibaba as the online discount retailer expands its customer base...
(Bloomberg) -- Chinese flexible display maker Royole Corp. has filed confidentially for a U.S. initial public offering to raise about $1 billion, people familiar with the matter said.The startup seeks funding to expand its sales and marketing and research facilities, the people said, requesting not to be named because the matter is private. It had originally planned to raise that amount via a private financing round at a valuation of about $8 billion, people familiar with that deal said in March. But the Chinese company is now tapping U.S. markets after liquidity tightened during a downturn in China’s venture capital sector, the people said.Royole, known for manufacturing the world’s first commercial foldable phone, competes with Samsung Electronics Co. and BOE Technology Group Co. to produce bendable screens using cutting-edge organic light-emitting diode technology. The company, which gave away wraparound-screen hats at the 2018 World Cup in Russia, this month unveiled a smart speaker that packs a bendable display around a cylinder.It’s unclear what timeframe the company’s looking at, the people said. A Royole representative declined to comment.Royole is regarded as one of a coterie of Chinese technology startups working to dismantle the decades-old image of China as a clone factory by leading in design and innovation. Like Huami and Insta360, these upstarts aim to take advantage of home bases in China close to where devices are manufactured, developing products faster and more cheaply.Founded by Stanford alumni Bill Liu, Peng Wei and Xiaojun Yu, Royole needs capital to plow back into research and expand production. The company, valued at about $5 billion in a previous funding round, invested 11 billion yuan ($1.6 billion) into a flexible display plant in Shenzhen that commenced production in June. Royole is working with Airbus to install displays in planes and also collaborates with clothing, furniture and kitchen-supply customers. Royole has said it secured a deal with Louis Vuitton that will see the two companies putting flexible screens on handbags of the future.Its full line of products encompasses head-mounted displays intended for use as so-called mobile theaters and other wearable flexible displays. The company even has a smart writing pad that it sells on Amazon.com, JD.com and in stores across China, the U.S. and Europe.Royole’s earlier investors include Knight Capital, IDG Capital, Poly Capital Management, AMTD Group, the funds of Chinese tycoon Xie Zhikun and the venture capital arm of the Shenzhen city government.Read more: The Trade War Spurs China’s Technology Innovators Into Overdrive(Updates with details on Royole’s inception from the fifth paragraph)To contact the reporters on this story: Julia Fioretti in Hong Kong at email@example.com;Lulu Yilun Chen in Hong Kong at firstname.lastname@example.orgTo contact the editors responsible for this story: Edwin Chan at email@example.com, Colum MurphyFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Tech stocks have been the star of the market through the first two decades of the 21st century. Expect that to continue into the third.That said, the ways investors can play the technology sector have evolved over the years.Once upon a time, tech stocks mostly seemed like speculative picks - high reward but equally high risk. However, technology's growing influence across all aspects of society, as well as the maturation of dozens of companies, has widened the field. Now, you can tap technology for consistent blue-chip growth, and in some cases, even for reliable dividends with decent yields.The following are the 15 best tech stocks to buy for 2020, with options for several portfolio needs. Each stock is categorized as an income winner, an established grower or a great speculation. Income winners have a nice track record of making (and raising) payouts, established growers boast leadership positions and profits, and great speculations are either developing a new market or have a clear opportunity to disrupt entrenched leaders. SEE ALSO: Hedge Funds' Top 25 Blue-Chip Stocks to Buy Now
JD.com, Inc. (JD), China’s leading technology driven e-commerce company and retail infrastructure service provider, today announced the pricing of its public offering of US$1.0 billion aggregate principal amount of its notes. The public offering consists of US$700.0 million of 3.375% notes due 2030 and US$300.0 million of 4.125% notes due 2050. The notes have been registered under the U.S. Securities Act of 1933, as amended, and are expected to be listed on the Singapore Exchange Securities Trading Limited.
JD.com, American Eagle Outfitters, Dick's Sporting Goods, Dollar General and Ross Stores highlighted as Zacks Bull and Bear of the Day
Zacks.com featured highlights include: JD.com, Talos Energy, Sony, Performance Food Group and Vipshop
Tension in the Middle East caused the S&P 500 to sink 1% at the open, although buyers bid stocks up off the lows. Let's look at a few top stock trades going into the first full week of 2020. Top Stock Trades for Tomorrow No. 1: Chipotle (CMG)Source: Chart courtesy of StockCharts.comOne of my favorite things to do when we see turbulence in the market? Find relative strength. That is, stocks that are outperforming the overall market. Case in point? Chipotle Mexican Grill (NYSE:CMG), which hit new all-time highs on the day.This stock has bounced hard off the 200-day moving average and its November low at $728. Shares of Chipotle are trying to push through this difficult $840 to $850 area now after breaking out of its rising channel (blue lines).InvestorPlace - Stock Market News, Stock Advice & Trading TipsNow what? * 10 2019 Winners That Will Be 2020 Losers Let's see if CMG can gain momentum over this area, potentially up to $900. If it can't (or if the broader market weighs it down), look for former channel support to buoy the name. Below breaks the short-term bull thesis and puts the 50-day moving average on the table. Top Stock Trades for Tomorrow No. 2: Tesla (TSLA)Source: Chart courtesy of StockCharts.comShares of Tesla (NASDAQ:TSLA) have been on fire, and that didn't change on Friday. The stock ripped to new all-time highs of $454 before retreating like CMG did. The question now is, can TSLA continue to power higher?As long as shares are over $430, it's hard to get bearish on the name. Look to see how it handles next week. Does it trade down to $430 or up to $454?If it's the former, see if $430 supports the stock. Below there puts the recent low of $402 on the table, as well as prior channel resistance (blue line) and the 20-day moving average. If it's the latter and Tesla rallies back up to its current high, see if it can breakout or if this mark acts as resistance. Top Stock Trades for Tomorrow No. 3: JD.com (JD)Source: Chart courtesy of StockCharts.comJD.com (NASDAQ:JD) was a beauty on the day, giving day-traders a quick and profitable red-to-green trade.This stock has been on fire lately -- and in fact, many Chinese equities have been. JD.com hit a new 52-week high on Friday as buyers continue to bid it higher. Shares are riding uptrend support (blue line) and the 20-day moving average higher.For now, the stock is a buy-on-dips into this zone. Below it could send JD down to the 50-day moving average. Top Stock Trades for Tomorrow No. 4: Coupa Software (COUP)Source: Chart courtesy of StockCharts.comCoupa Software (NASDAQ:COUP) was the "one that got away" for me this morning. I had it on my list, but didn't pull the trigger with the morning mayhem and with $155 resistance looming overhead.Instead of weighing the stock down though, COUP ripped right through resistance, jumping more than 6% and hitting $162.50. It was a powerful breakout, particularly given that it came on such a rocky day in the stock market.Bulls now need to see $155 hold up as support. Falling below that level likely sends it to uptrend support (blue line) and the 50-day moving average. Top Stock Trades for Tomorrow No. 5: Kansas City Southern (KSU)Source: Chart courtesy of StockCharts.comKansas City Southern (NYSE:KSU) is setting up in an ascending triangle pattern. That's a bullish technical pattern where rising uptrend support (blue line) squeezes a stock into a static level of resistance (black line).The stock poked its head over resistance on Thursday, but was battered lower on Friday as volatility jumped in morning trading. However, bulls bid the stock up off uptrend support and the 20-day moving average.This area is now support for longs. Below it sends it to the 50-day moving average, at a minimum. If KSU can reclaim $155, see that it takes out the November high of $156.57, opening the door to $157.50 and possibly $160-plus.Resistance has been in place for two months now. It's make-or-break time.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 2019 Winners That Will Be 2020 Losers * 5-Year Returns for 5 Dow Jones Stocks Entering 2020 * 5 Semiconductor Stocks to Buy for Big Gains In 2020 The post 5 Top Stock Trades for Monday: CMG, TSLA, JD appeared first on InvestorPlace.
JD.com, Inc. (JD) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
For over a year-and-a-half, one of the biggest concerns for the markets and the global economy was (and technically still is) the U.S.-China trade war. One only needs to look at the price chart of Alibaba Group (NYSE:BABA) shares for confirmation. Since the beginning of October, Alibaba stock has gained nearly 29%.Source: zhu difeng / Shutterstock.com Naturally, other Chinese stocks, such as JD.com (NASDAQ:JD) and Tencent (OTCMKTS:TCEHY) have experienced dramatic bullish sentiment. Due to the escalating war of words and later, the punitive tariffs, the trade war at one point seemed to have no end. While it hurt U.S. economic interests, the dispute also exposed the vulnerability of investments like BABA stock.Yes, China has emerged into the global stage, becoming the world's second-biggest economy. According to sobering data from Standard Chartered, China could eclipse the U.S. at the top spot. If that wasn't bad enough, the U.S., according to this forecast, will never regain its throne. Initially, this augurs well for Alibaba stock and its ilk.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, China depends not just on its exporting machinery but also its other industries, such as manufacturing. As the Asian juggernaut learned, trade wars don't necessarily have clear winners and losers. Instead, both or all parties involved could experience negative economic impacts. * 6 Transportation Stocks That Are Going Places Therefore, the thawing in U.S.-China relations was vital for BABA stock, if only to instill confidence back among investors. Even better, China's top negotiator agreed to meet with U.S. delegates. Insiders suggest that a "phase one" deal will be signed in the first week of January. If so, that could spark another leg up in Alibaba stock.But with shares having jumped so quickly, does Alibaba Group still have legs to run? Questions Still Linger about Alibaba StockIf the trade negotiations move beyond phase one toward more substantive deals, obviously, this puts BABA stock in an enviable position. And should negotiations continue to progress positively, most Chinese investments will likely move higher.Furthermore, our own political environment suggests that the bull case for Alibaba stock remains strong. Primarily, we're entering a critical election year. At the latest count, President Donald Trump's approval rating has increased to 50%. This indicates that he's winning back support from swing voters and is positioned slightly advantageously relative to Democratic frontrunners.As the last election cycle proved, give Trump even a small chance of victory and he'll deliver. But what absolutely won't get Trump reelected is if the economy tanks. Or, if he implements policies that hurt American workers, the voters will not be kind to him.Therefore, you can see how the red carpet is rolling out for Alibaba stock. Nevertheless, investors should exercise vigilance.First, China was not uninjured during the heated moments of the trade war. In fact, the country lost millions of jobs. And export data demonstrates that the Chinese economic machinery was already slowing well before Trump took office. That means the trade dispute exacerbated problems that already existed. Click to Enlarge Source: Chart by Josh Enomoto Since Alibaba stock is levered largely to discretionary spending (e-commerce), a hurting labor force isn't exactly helpful.Second, while China's propaganda machine screamed loudly during the trade war, their economic data is probably worse than they're letting on. Asia Times recently investigated the issue of fake numbers in China's economic metrics. Interestingly, even BABA stock is not a true equity stake but rather, a stake in a Cayman Islands holding company.This adds uncertainty to an overheated stock that you wouldn't normally get anywhere else. Fuzzy Forecast for BABA StockBecause Alibaba stock is tied to Chinese consumer confidence, I'm not gung-ho on the opportunity. If things go awry during the trade negotiations, shares could once again find themselves on a downward trek.As I mentioned above, Trump will do anything to keep the economy moving, at least in 2020. At the same time, he can't afford to look weak against China. Regarding the Asian country's record on human rights violations, both Republicans and Democrats agree: China must be held accountable.In other words, just caving to China to get a trade deal signed is not an answer. If Trump goes that route, he'll be looking for another job come January 2021.Thus, the bottom line is that BABA stock is a tricky animal. Considering that shares have jumped so much, investors are probably best served waiting for a discount. Despite a potential phase one deal, there are many questions that yet to be answered.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 * 6 Transportation Stocks That Are Going Places * 5 Bold Stock Market Predictions for 2020 * 3 Beer Stocks to Own Heading Into New Year 2020 The post Alibaba Stock Is a Little Too Hot for Comfort appeared first on InvestorPlace.