|Bid||0.00 x 21500|
|Ask||0.00 x 1000|
|Day's Range||28.43 - 29.50|
|52 Week Range||19.21 - 45.23|
|Beta (3Y Monthly)||1.21|
|PE Ratio (TTM)||198.84|
|Earnings Date||May 6, 2019 - May 10, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||30.05|
Often, the biggest winners in the stock market have humble beginnings. They start off as small stocks that either many people don't know about, or simply write off as too risky. Then, these small, high-risk stocks "grow up". They capitalize on secular tailwinds, drive robust revenue growth and equally robust margin expansion, and end up turning into huge companies with massive reach and enormous valuations.Source: Shutterstock With that in mind, I'd like to introduce investors to freshly public Jumia Technologies (NYSE:JMIA). Jumia is Africa's e-commerce juggernaut. It hit public markets in mid-April at an IPO price of $14.50. Investors jumped on the stock. Less than two weeks after its IPO, Jumia stock is above $37, up more than 150% from its IPO price. * 10 High-Yielding Dividend Stocks That Won't Wilt Clearly, some investors think this stock is a big winner.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Africa's Digital EconomyIt very well could be huge. Jumia is at the heart of the currently underdeveloped yet potentially enormous African digital economy. The expansion of this underdeveloped digital economy will be one of the market's most robust growth narratives over the next decade, much as the expansion of Asia's formerly underdeveloped digital economy was one of the market's most robust growth narratives over the past decade.The Asian digital economy expansion birthed several very, very large companies, such as Alibaba (NYSE:BABA) and JD (NASDAQ:JD). Africa's digital economy expansion should produce the same, implying a bright future for Jumia, which is presently the most-relevant player in continent's digital economy, yet has a market cap of under $3 billion.In other words, Jumia stock is a high-risk, high-reward play on the expansion of Africa's digital economy. Because there are a plethora of execution and valuation risks here, Jumia stock is not for the faint of heart. But, for investors who have the stomach for volatility and risk, Jumia stock is an attractive pick, especially considering that in an "everything goes right scenario", this is a multi-bagger in the making. The Africa Opportunity Is HugeIn the big picture, Jumia stock projects as a potential long term winner because of its robust exposure to the potentially huge African digital economy. Nigeria and South Africa are the largest economies in Africa with a combined GDP of around $750 billion, according to the IMF.The story here is pretty simple. Africa is the last great frontier of the tech revolution. Internet penetration rates measure around 36% throughout the continent, versus upward of 50% internet penetration everywhere else on Earth, including nearly 90% in North America. That 36% number won't stay low forever. It's only a matter of time before Africa catches up. That's the way technology revolutions works. You have the leaders (North America) and the laggards (Africa), and now it's time for the laggard to catch up.Over the next decade, Africa's internet penetration rate is going to surge higher, and that is going to spark enormous expansion in Africa's digital economy. The drivers here? Urbanization (only 43% of Africans live in urban centers, versus 80%-plus in North America), middle class expansion (Africa's middle class is projected to go from 355 million in 2010 to 1.1 billion by 2060), and favorable demographics (the average age in Africa is under 20, versus a global average age north of 30).Broadly, then, the continent of Africa is going to rapidly urbanize and digitize over the next several years. As it does, all aspects of Africa's digital economy will boom, from e-commerce, to digital advertising, to cloud services, so on and so forth. Because of this, its digital economy is a market that long term investors should start seeking exposure to now. Jumia Is The Leader In AfricaWhen it comes to exposure to Africa's digital economy, the best option at the present moment is Jumia stock.Jumia is the most relevant player in Africa's digital economy today. The heart of Jumia is an e-commerce platform called Marketplace. Jumia Marketplace, which operates in 14 countries throughout Africa, has 81,000 active sellers, 4 million active buyers, and reported nearly $1 billion in gross merchandise value in 2018. Those are big numbers for the still-nascent African e-commerce market, which in combination with the Middle East, only had around 70 million e-commerce shoppers in 2018, of which probably 50 million were from Africa, giving Jumia roughly 8% shopper market share. * 10 Stocks to Sell Before They Give Back 2019 Gains Over time, Africa's 50 million e-commerce shopper number will grow by leaps and bounds. The continent has 1.3 billion people, and is rapidly growing. The population could realistically measure closer to 2 billion within the next decade. In the U.S., roughly two-thirds of Americans are online shoppers. In China, the e-commerce penetration is nearing 50%, and rapidly expanding. Over time, Africa's e-commerce penetration rate should close in on 50%, too. Assuming this happens roughly a decade down the road when Africa's population is 2 billion, then that implies 1 billion e-commerce shoppers.If Jumia nabs roughly 10% of the shoppers, that implies 100 million buyers on Jumia's platform. That is a potential 25-fold increase over the next decade.In other words, the long-term upside potential in JMIA stock is enormous. At present, it's hard to quantify. But, in an "everything goes right" scenario, this company could nab 100 million shoppers at scale. In that scenario, Jumia stock is worth significantly more than $3 billion. Bottom Line on JMIA StockJumia stock is a largely undiscovered, hyper-growth e-commerce stock with multi-bagger potential, yet a plethora of execution, valuation, and visibility risks. Consequently, this is a high-risk, high-reward play on the African digital economy. JMIA stock isn't for the faint of heart, but it could pay off big in the long run.As of this writing, Luke Lango was long JMIA, BABA, and JD. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post Jumia Stock Could Be An Undiscovered Africa Hit For Long-Term Investors appeared first on InvestorPlace.
The private equity firm has asked potential advisers to pitch for a role on the proposed offering, said the people, asking not to be identified because the information is private. Hillhouse is planning to include more than 1,000 clinics including Ruipeng Pet Healthcare Group Co. in the offering, the people said. Wealthy Chinese consumers are spending more than ever adopting and caring for pets in a local market that Frost & Sullivan expects will more than double to 472 billion yuan ($70 billion) by 2023.
Macro Updates: Record Highs, US-China Talks, and More(Continued from Prior Part)US-China trade talksThe United States (SPY) and China (FXI) have held six rounds of trade talks after US President Donald Trump and Chinese President Xi Jinping agreed
The Latest on the NASDAQ, Amazon, Samsung, and Tencent(Continued from Prior Part)Amazon wasn’t able to make any inroads in Chinae-Commerce giant Amazon (AMZN) will retreat from its domestic marketplace business in China as of July 18, as it faces
China's ecommerce powerhouse, JD.com (NASDAQ:JD), has been a magnet for controversy lately. And this has certainly had an impact on the company's shares. From June 2018 to November, JD stock went from $43 to $19. But then there has been a powerful rally. Note that JD is now at about $30.Source: Daniel Cukier via FlickrNo doubt, one of the reasons for the volatility has been the company's founder and CEO, Richard Liu. About four months ago, while he was visiting Minneapolis, a student from China accused him of rape. Liu was arrested but the charges have since been dropped.But the controversy is far from over. The student has recently filed a lawsuit against Liu. There has also emerged a protest against him, with a petition signed by hundreds of people on social media platforms like Tencent's (OTCMKTS:TCEHY) WeChat.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 High-Yielding Dividend Stocks That Won't Wilt It's far from clear what will happen with the suit. Yet despite the run-up in JD stock this year, there appears to be concern with he leadership of Liu. It also does not help that Liu referred to some of his workers as "slackers" and that they are not his "brothers" (yes, this is probably something that won't get good ratings on Glassdoor.com).This was in response to the emerging discontent in China regarding long work hours. It is called "996," which is a six day work week that has a daily schedule from 9 am to 9 pm.Oh, and something else: JD.com appears to be in the midst of layoffs that could come to 8% of the workforce. There have also been departures of top executives, such as chief technology officer Chen Zhang and public affairs officer Ye Lan.Now a restructuring is probably a good move, as the logistics platform is costly. In light of this, the company has also been looking at automation like robots. Yes, this is similar to the strategy of Amazon.com (NASDAQ:AMZN). But then again, this company has the advantage of the hugely profitable AWS platform. JD Stock and GrowthAnother issue for JD is the slowing of the Chinese economy. President Trump's trade policies have taken a toll. It is also getting tougher for China's economy to churn out growth because of its enormous size.But it is important to note that JD has been experiencing a deceleration for quite some time. From 2015 to 2018, the revenue growth has gone from 55% to 31%. In fact, as of Q1, it has dropped to 17%.What's going on? Well, the ecommerce market in China is highly competitive. For example, this week Amazon.com indicated that it will close its Chinese online marketplace.However, JD.com's situation may be a case of execution as well. After all, even though Alibaba (NYSE:BABA) is much larger, the growth ramp was still a sizzling 41% in the latest quarter. Bottom Line on JD StockI think the prospects for ecommerce in China remain bright. A big driver is the growth in the middle class, which is expected to hit a whopping 780 million within six years. And estimates are that the spending on ecommerce will jump from $470 billion in 2018 to $839.54 billion by 2021.So this should be great for JD stock, right? Yes, this is true, but the problem is that the company appears to be the in retrenchment mode, which is probably resulting in lower morale. What's more, the valuation is far from cheap, with the forward price-to-earnings multiple on 31X. Note that the current stock price is essentially in-line with the Street's consensus price target.To put this into perspective, BABA is at 27.6X, even though it is growing much faster and has a more diverse set of revenue streams. In other words, if you want to play the ecommerce trends in China, BABA looks like the better option right now.Tom Taulli is the author of High-Profit IPO Strategies, All About Commodities and All About Short Selling. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Oversold Stocks to Run From * 7 Red-Hot E-Commerce Stocks to Consider * 4 Stocks Surging on Earnings Surprises Compare Brokers The post The Rally in JD Stock Is Running out of Momentum appeared first on InvestorPlace.
Rob Lin, Head of Investor Relations at Alibaba Group By John Jannarone Government regulations have required many Chinese technology companies to adopt a unique legal structure when listing shares in the U.S., and a number of bad actors have left some investors worried about how much protection shareholders really have. In a move that should […]
Make no mistake about it. The big internet retail stocks have been absolutely on fire in 2019.Thanks to a series of data-points ranging from renewed consumer confidence to big jobs growth to robust online retail sales growth, it has become increasingly obvious that the fundamentals underlying e-commerce stocks have meaningfully improved in 2019. Broadly speaking, consumers aren't worried about a recession anymore, they are all employed, they are all getting raises and they are all shopping through online channels more heavily than ever before.Consequently, the Global X E-commerce ETF (NASDAQ:EBIZ) has rallied around 30% year-to-date. Which e-commerce stocks are the big winners in this rally? Can they all stay red hot through the end of the year?InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 High-Yielding Dividend Stocks That Won't Wilt Let's answer those questions by taking a looking at these red-hot internet retail stocks that have all staged huge, 20%-plus rallies so far in 2019. Internet Retail Stocks to Buy: Amazon (AMZN)Source: Shutterstock YTD Gain: 30%Why It's Hot: E-commerce giant Amazon (NASDAQ:AMZN) has been red hot in 2019 for several reasons. First, the company is the face of the growth trade, and the growth trade has come back in favor in 2019 as financial markets have stabilized. Second, rates have dropped, and that helps support the valuation of long-term growth stocks like Amazon. Third, concerns related to the great slowdown of Amazon's e-commerce business have increasingly appeared to be overblown. Fourth, Amazon's ramp in digital advertising is creating a huge tailwind for margins and profits.Why It'll Stay Hot: Amazon stock will stay hot for a few reasons. First, rates project to stay lower for longer, and that will help support the stock's valuation. Second, e-commerce growth rates should pick back up throughout the course of this year as broader economic and consumption fundamentals improve. Third, digital ad ramp will create a 2019 profit surge, which will further drum up investor enthusiasm. JD (JD)Source: Daniel Cukier via FlickrYTD Gain: 39%Why It's Hot: Chinese e-commerce giant JD (NASDAQ:JD) has been on fire in 2019, mostly because China's broader economic fundamentals and outlook have dramatically improved. Specifically, at the end of 2018, China's economy was rapidly slowing, and that was dragging down JD's growth rates at the same time that margins were being pressured by growth investments. That double headwind killed JD stock. In 2019, though, the narrative has flipped. China's economy has stabilized, and even shown signs of improvement in some areas. This has brought investors back into beaten up China stocks, one of which is JD stock. * 7 Tech Stocks With Too Much Risk, Not Enough Upside Why It'll Stay Hot: JD stock should stay hot in 2019 because it still has a lot of ground to make up, and will have the fundamental firepower to do just that. This was once a $50 stock. Even after the huge year-to-date rally, the stock is still just around $30. Thus, there's still more room for recovery. The stock should make that recovery in 2019, as the stock benefits from a double tailwind of improving growth rates and rising margins. Wayfair (W)Source: Shutterstock YTD Gain: 66%Why It's Hot: Online furniture retailer Wayfair (NYSE:W) has roared higher in 2019 because the company is firing on all cylinders. Its domestic business remains strong, and the company continues to distinguish itself as the leader in the U.S. e-commerce furniture market. Wayfair is also scaling the international business at a very healthy pace. Margins are moving higher, and making progress towards their long-term goals. All in all, the story and numbers have simply been really good in 2019, and Wayfair stock has consequently risen over 60% year-to-date.Why It May Cool Down: Wayfair stock may cool down here for one simple reason: valuation. In short, the stock has sprinted ahead of fundamentals in the near term, and is due for some turbulence -- in fact, we have already seen some. Not too long ago, this was a $170 stock. Now, it's below $150. Thus, the stock has already had somewhat of a pullback. But historically speaking, this stock has pullbacks in the 20%-plus range. As such, recent weakness in Wayfair stock may last for a little bit longer before the stock ultimately reverses course. Etsy (ETSY)Source: Shutterstock YTD Gain: 38%Why It's Hot: Online arts and crafts retailer Etsy (NASDAQ:ETSY) has been on a monster run in 2019, mostly thanks to a strong holiday earnings report. Broadly speaking, the company reported robust holiday 2018 numbers that were strong across the board, from community growth, to sales growth, to margin expansion. Investors cheered those results, and bid up ETSY stock to fresh all-time highs. * 5 Dividend Stocks Perfect for Retirees Why It May Cool Down: ETSY stock has been cooling down for the past few weeks (more than 12% off recent highs), and will likely continue to cool down due to an overstretched valuation. The company has a well-defined niche in the secular growth e-commerce market. But, there's a ton of competition among internet retail stocks, and it's only a matter of time before that competition dilutes revenue growth. Meanwhile, EBITDA margins are already at 20%, and are only projected at 30% long term, so the margin drivers here aren't that great. Overall, then, once revenue growth slows, ETSY stock could drop in a meaningful way. Shopify (SHOP)Source: Shopify via FlickrYTD Gain: 67%Why It's Hot: E-commerce solutions provider Shopify (NYSE:SHOP) has been red hot in 2019 for a few reasons. One, the growth trade coming back into favor has certainly helped the stock, as have continued low rates and renewed consumer confidence. Also, coordinated economy trends in the e-commerce world have continued to gain momentum, and analysts have been sounding the bull horn on the stock amid positive channel checks. All in all, then, the bull thesis on SHOP stock has gained momentum and clarity, and the stock has subsequently soared higher.Why It'll Stay Hot: In the long run, Shopify stock is a winner powered by secular growth tailwinds in e-commerce, decentralization and cloud solutions. The stock may run into some near-term turbulence here as it's been so hot, that it's due for a minor pullback. But, the underlying trends here are powerful enough to offset any near term weakness, and will ultimately keep the stock on a long-term winning trajectory. eBay (EBAY)Source: Shutterstock YTD Gain: 30%Why It's Hot: E-commerce marketplace eBay (NASDAQ:EBAY) has staged a huge comeback in 2019 amid a flurry of operational improvements. First, the backdrop improved meaningfully, with financial market and global economic conditions improving in the new year. Then, activist investor Elliott Management wrote an open letter to management in January, disclosing a $1.4 billion stake in eBay while painting a path for big long-term gains. Investors rallied behind that letter -- and pretty good fourth-quarter numbers -- and the stock has gained 30% in 2019. * 10 S&P 500 Stocks to Weather the Earnings Storm Why It'll Stay Hot: eBay stock could stay hot because it's still pretty cheap. The stock trades at just 12 times forward earnings. That's dirt cheap for an e-commerce player. To be sure, it's mostly because there's not much growth happening at eBay. Revenue growth is muted, and margins are maxed out. But, if the company can stabilize growth and margin trends (which is doable given the company's wide reach and the secular tailwinds in the e-commerce market), then the stock should easily trade at a market average 16x forward multiple. That implies good upside from here, both through profit growth and multiple expansion. PayPal (PYPL)Source: Shutterstock YTD Gain: 27%Why It's Hot: Shares of e-commerce payment solutions provider PayPal (NASDAQ:PYPL) have roared higher in 2019 as the company has benefited from a plethora of fundamental tailwinds. Economic conditions have improved. Consumer confidence and spending has bounced back. E-commerce sales growth has remained robust. Specific to PayPal, Venmo has gained a ton of momentum, the company scored a big partnership with Instagram on their new Checkout feature, and analysts have been upgrading the stock in bulk.Why It'll Stay Hot: PayPal stock will stay hot because the secular tailwinds here remain healthy, and the economic situation globally is only improving. As such, the numbers will remain good for the rest of the year, the long-term growth outlook will continue to support a robust valuation and investors will continue to seek market-leading exposure to digital payments. All three of these factors will ultimately keep PYPL stock on a winning path in 2019.As of this writing, Luke Lango was long AMZN, JD, SHOP, EBAY and PYPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 High-Yielding Dividend Stocks That Won't Wilt * 4 Energy Stocks Soaring as Trump Tightens on Iran * 7 Tech Stocks With Too Much Risk, Not Enough Upside Compare Brokers The post 7 Red-Hot E-Commerce Stocks to Consider appeared first on InvestorPlace.
The Zacks Analyst Blog Highlights: Qudian, LexinFintech, JD.com, China Life Insurance and OneSmart International Education
Will Baidu Continue to Beat Analysts' Estimates in Q1 2019?(Continued from Prior Part)Stock returns Though Baidu’s (BIDU) sales growth has been impressive over the years, the company’s stock has been volatile. Since the start of 2018, the shares
Will Baidu Continue to Beat Analysts' Estimates in Q1 2019?(Continued from Prior Part)Forward PE ratio Baidu has been a high-growth company for several years now. In this article, we’ll compare Baidu’s valuation with its current price and look at
Last week it was reported that Amazon (NASDAQ:AMZN) would exit its Chinese marketplace business in mid-July. One less competitor -- that's Amazon no less -- should bode well for a company like Alibaba Group Holding (NYSE:BABA), right? Of course, it helps that the news around BABA stock is improving, as are the charts.Source: Shutterstock Chinese e-commerce players like Alibaba and JD.com (NASDAQ:JD) are direct beneficiaries of a partial exit by Amazon. However, Chinese equities in general had been under heavy pressure as the trade with the U.S. and slowing Chinese economy both weighed on the share prices. That's true for Alibaba stock, but also names like iQiyi (NASDAQ:IQ), Baidu (NASDAQ:BIDU) and others.So is it off to the races now? No, not exactly. But Alibaba has plenty of positive potential catalysts and is one of the larger players when it comes to global e-commerce firms.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Valuing Alibaba StockAt least when compared to FAANG stocks, BABA stock quietly sports a massive market cap, weighing in at roughly $480 billion. Unlike some blue-chip tech stocks, Alibaba doesn't pay a dividend, but with its balance sheet, it could if management so chose.Alibaba has almost $32 billion in cash and $33.5 billion in combined cash and short-term investments. Total current assets of ~$41 billion is almost twice its total current liabilities of $21.65 billion. Even though long-term debt stands at $19 billion, current assets of $114.3 billion should ease any financial worries over BABA stock considering it's almost triple the $44.7 billion in total liabilities. * 10 High-Yielding Dividend Stocks That Won't Wilt If any worries do exist about Alibaba's financials, perhaps the company's growth can take care of that. Current estimates call for a whopping 55% revenue increase in 2019 and another 35.5% jump in 2020. That easily outpaces BABA's immediate peers, as well as its U.S.-based FAANG peers. Earnings growth is less impressive, but solid nonetheless. Estimates call for 15.6% improvement this year to $5.48 per share, while 2020 estimates call for an acceleration to ~23%.That leaves BABA stock trading at 33.8 times earnings, which doesn't exactly feel like a discount. On a forward basis, Alibaba stock trades at roughly 28x forward earnings. That's actually slightly below its five-year average of 29x forward estimates. Ultimately, some investors will feel uncomfortable paying 34 times current earnings and that's just the way it is.Alibaba has various businesses in one of the world's largest economies. While China is struggling through a dry patch economically, it's anything but done growing. For this strong of revenue growth and solid earnings growth, many will flock to BABA stock -- especially if its charts start to cooperate. Trading BABA Stock Click to EnlargeShown above is a longer term, 30-month weekly chart of Alibaba stock. Below is a shorter term six-month chart, but both show a very similar setup for BABA stock. That is, a series of higher lows pushing the stock price higher while overhead resistance keeps a lid on any potential rally. * 10 S&P 500 Stocks to Weather the Earnings Storm On the monthly chart, we can see that $190 has played a role in the past as well. So long as BABA stock stays above the 10-week moving average and uptrend support, there's little reason to get overly bearish on the name. Click to EnlargeOn the daily chart, we can see that short-term resistance is actually a little lower, near $188. For almost two months now, this level has stymied BABA stock, while shares have been trending higher for about four months now.Like the weekly chart, as long as BABA stock stays above uptrend support and its 50-day moving average, bulls are still okay. Below these levels and at the very least, Alibaba may need to reset, if not trade lower before becoming a buy again. A breakout over $190 could trigger a rally north of $200.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long AMZN and IQ. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Tech Stocks With Too Much Risk, Not Enough Upside * 7 Companies That Are Closing the CEO-Worker Wage Gap * 7 Video Game ETFs That Will Make You a Winner Compare Brokers The post Will Alibaba Stock Rally on Rival Amazonas Partial Exit From China? appeared first on InvestorPlace.
Will Baidu Continue to Beat Analysts' Estimates in Q1 2019?(Continued from Prior Part)Revenue growth for Baidu estimated at 16.7% in 2019 Baidu (BIDU) has seen impressive growth in its revenue over the last few years. Baidu is known as China’s
Will Baidu Continue to Beat Analysts' Estimates in Q1 2019?Revenue growth estimated at 30% in the first quarter Chinese (FXI) Internet giant Baidu (BIDU) is set to announce its first-quarter earnings results on April 25, 2019. Analysts expect the
Hundreds of people have added their names to an online petition in support of a University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China's e-commerce retailer JD.com Inc. The student, Liu Jingyao, from China, filed a civil lawsuit against JD's CEO in a Minneapolis court on Tuesday, nearly four months after prosecutors declined to press criminal charges against him. Richard Liu, through his lawyers, maintained his innocence throughout the law enforcement investigation, which ended in December.
SAN FRANCISCO/BEIJING/HONG KONG (Reuters) - Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world's most populous nation. The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon's marketplace to gain traction in China. Consumer research firm iResearch Global said Alibaba Group Holding's Tmall marketplace and JD.com controlled 82 percent of the Chinese e-commerce market last year.
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of JD.com, Inc. (“JD.com” or “the Company”) (NASDAQ: JD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission. The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. JD.com Chairman and CEO Richard Liu was arrested in Minnesota on charges of sexual misconduct on August 31, 2018.
Why Jeffrey Gundlach Thinks Now's a Good Selling Opportunity(Continued from Prior Part)Jeffrey Gundlach on the next downturn Jeffrey Gundlach believes that if equities do well this year, emerging market equities will do better than US stocks (SPY)
China’s Slowdown Concerns Decline amid Strong DataChina’s slowdown concerns China’s slowdown has been cited as the biggest risk for the global economy. Last year and at the beginning of 2019, there was a flurry of soft data points from China.