JD.com: The Cream Rises to the Top in the China Stimulus Boom
JD(JD) MarketBeat·2024-10-07 20:38
The China stimulus measures have caused Chinese stocks to rocket higher in anticipation of a recovery to come. It’s indiscriminately caused any Chinese stock in the computer and technology sector and retail/wholesale sector to get a boost coupled with existing short interest have resulted in double and sometimes triple digits gains in a matter of weeks. While many of these moves are overblown and undeserved, JD.com Inc. NASDAQ: JD is one of the better fundamentally sound stocks that justifies a surge, as th ...