JD Joins The China Party

The China trade remains a controversial one, with bulls looking to nail an epic bottom and bears looking for the collapse of the country’s stock market (and economy). However, despite all the crazy headlines about economic data, regulators banning short selling, and a whole lot more, some stocks are trying to stabilize. 📰

Today’s example is eCommerce giant JD.com, which reported an earnings and revenue beat after a long string of disappointments. While growth remains well off its pandemic-era highs, investors are happy to see that the business is at least stabilizing and being forecasted properly by management.

$JD shares jumped 17% on the day, with sentiment hitting “extremely bullish” territory on the news. 🐂

Notably, technical analysts showed that the stock is finding support at a similar level and pattern as the broader China ETFs. Whether or not they’re long-term bottoms remain to be seen, but the consensus view is that they’ve found some sort of short-term trough. 👍

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Target Hits Its Mark With Membership Push

Once companies discovered that membership and loyalty programs drove additional customer visits and spending, there became apps for everything. Trust me, I’ve got the McDonald’s app on my phone because I get free fries or something with my occasional purchase… 📱

Nonetheless, this shit clearly works, and everyone wants a part of it. Given Target’s recent struggle, it’s not surprising that it’s jumping on the bandwagon as part of its turnaround strategy. 

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Investors Arm Portfolios With Semis

After missing out on last year’s tech run, many investors are choosing not to risk that feeling again. As a result, they continue to pile into stocks in the semiconductor industry and related fields. Arm Holdings joined the fray today, jumping sharply after reporting results.

The chip design technology giant reported third-quarter adjusted earnings per share of $0.29 on $824 million in revenues. That topped estimates of $0.25 and $761 million. 🤩

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Carvana Careens To New Highs

The return of “left for dead” stocks continues as investors look for opportunities in the market beyond the “magnificent seven.” 🔍

Carvana is an excellent example of this turnaround story in action, with the stock posting its first-ever annual profit and catching several analyst upgrades. 💪

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Plug Power Recharges Amid Market Rally

It was another day of records for the U.S. stock market as more and more stocks got snatched up in the bullish animal spirits. Let’s continue this week’s trend of pointing out the ragingly bullish action traders have been dealing with. 👇

Below is a chart of the S&P 500 showing prices rising for 16 of the last 18 months, posting a 25% rally since the end of October. It was also announced after the bell that Super Micro Computer and Deckers Outdoor will join the index, replacing Whirpool and Zions Bancorp. 📈

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