JD.com Best Price Entry (12 May 23) after its earnings report
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$JD.com(JD)$ has reported that its revenue has increased by only 1.4% to $35.4 billion.
These factors of intensifying competition and difficulty rebounding from years of zero-COVID restrictions really have an impact on JD revenue earning.
This is JD slowest growth on record, but it still beat estimates at $34.6 billion.
What is JD fastest growth business?
Even though sales of goods like electronics and general merchandise continued to decline,
JD services business which have been producing higher-margin services business posted strong growth, up 34% to $6.9 billion. There was an even faster growth in logistics.
Future Growth of JD.com
JD did not issue guidance, but their near-flat growth rate is a concern, though we can attribute it to the current challenges in the Chinese economy.
JD.com was the first of China's big tech companies to report earnings this quarter, we should be able to get more insights when Alibaba Group report their earnings on 18 May Pre-Market.
JD.com Trading View Bull and Bear Strength on 11 May 23
Last night JD seem to have perform well during the first half but interest and investors confidence seem to drop in the afternoon session.
A weak Bull strength and price stagnant might mean that it could be trading flat today when pre-market open.
Price Movement of JD.com U.S. After Hours and H.K Trading
There is not much activities for JD.com in U.S. After Hours trading, but we can see that JD.com trading have an earlier price surge in H.K. trading.
But it seem to trade sideway after 10.30a.m.
Prices only surge for a while and then start to trade sideway, investors confidence might not be in good momentum.
I would watch how JD.com price would move in pre-market before deciding on whether to enter in actual session.
Summary
I would watch how JD.com would trade in pre-market, I believe it might consolidate around $37.30.
If volume is not present, then there might not be any good price move for JD.
Appreciate if you could share your thoughts in the comment section whether would you be trading today(12 May 23).
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I was gonna invest on BIDU and BABA next week. But, why if JD will be $70 to $80 by mid to end of Summer. Sure money. lol
Wow completely ridiculous, JD is actually the best run company between the big ones. How can we be down after such amazing earnings. Stupid manipulation again ...
back down to $34 by eod practically all gain after ER yesterday completely vanished
American hedge funds and market makers trade in the HK also Let's Help the manipulation is going to pause for a little while and they just run it up about 20%
All the gains from this weeks good earnings. Where mostly lost in todays tradings.
I think inflation expectations were higher than expected leading to stronger USD.
This is ABSOLUTELY RIDICULOUS, I am buying more, market is irrational
$JD.com(JD)$ getting some love in China. Tmrw should be 🚀 🧨
next week baba bidu will release er. good luck!