PDD Holdings and 3D Systems have been highlighted as Zacks Bull and Bear of the Day

Zacks05-07

For Immediate Release Chicago, IL – May 7, 2024 – Zacks Equity Research shares PDD Holdings PDD as the Bull of the Day and 3D Systems DDD asthe Bear of the Day. In addition, Zacks Equity Research ...

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In addition, Zacks Equity Research ...</p>\n\n<a href=\"https://finance.yahoo.com/news/pdd-holdings-3d-systems-highlighted-132600160.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PDD Holdings and 3D Systems have been highlighted as Zacks Bull and Bear of the Day</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPDD Holdings and 3D Systems have been highlighted as Zacks Bull and Bear of the Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-07 21:26 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/pdd-holdings-3d-systems-highlighted-132600160.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For Immediate Release\nChicago, IL – May 7, 2024 – Zacks Equity Research shares PDD Holdings PDD as the Bull of the Day and 3D Systems DDD asthe Bear of the Day. In addition, Zacks Equity Research ...</p>\n\n<a href=\"https://finance.yahoo.com/news/pdd-holdings-3d-systems-highlighted-132600160.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1794554557.SGD","symbol_name":"Allianz All China Equity AT Acc H2-SGD","start_time":0,"source_url":"https://finance.yahoo.com/news/pdd-holdings-3d-systems-highlighted-132600160.html","article_id":"2433781311","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/UtXut7SY8A8gtGov3.Mk8Q--~B/aD00MTM7dz02MjA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/7698c94f71918ad9c798b7c8461ededb"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2433781311","pubTimestamp":1715088360,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Chicago, IL – May 7, 2024 – Zacks Equity Research shares PDD Holdings PDD as the Bull of the Day and 3D Systems DDD asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on Shopify SHOP, Arista Networks ANET and NVIDIA NVDA.PDD Holdings, also known as Pinduoduo, is a Chinese e-commerce platform that specializes in group buying deals. Founded in 2015 by Colin Huang, PDD quickly gained popularity by offering discounted products through team purchases.It utilizes a social commerce model, encouraging users to share deals with friends and family to unlock additional discounts. PDD's platform is particularly popular in smaller Chinese cities and rural areas, where it has captured a significant market share. The company's business model focuses on leveraging social networks and innovative marketing strategies to drive sales and engagement.But what makes this valuation appear especially cheap is PDD’s PEG Ratio which considers EPS growth. Over the next 3-5 years EPS are f","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1794554557.SGD":"Allianz All China Equity AT Acc H2-SGD","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","BK4532":"文艺复兴科技持仓","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","NVDA":"英伟达","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","LU0821914370.USD":"贝莱德亚洲成长领袖A2","BK4161":"工业机械","LU0051755006.USD":"摩根大通中国A (dist)","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","BK4531":"中概回港概念","LU1720051017.SGD":"Allianz Global Artificial Intelligence AT Acc H2-SGD","IE00BD6J9T35.USD":"NEUBERGER BERMAN NEXT GENERATION MOBILITY \"A\" (USD) ACC","BK4534":"瑞士信贷持仓","LU0276348264.USD":"THREADNEEDLE (LUX) GLOBAL DYNAMIC REAL RETURN\"AUP\" (USD) INC","LU0061475181.USD":"THREADNEEDLE (LUX) AMERICAN \"AU\" (USD) ACC","LU1548497426.USD":"安联环球人工智能AT Acc","BK4533":"AQR资本管理(全球第二大对冲基金)","SHOP":"Shopify Inc","LU0052750758.USD":"富兰克林中国基金A Acc","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","PDD":"拼多多","BK4535":"淡马锡持仓","LU0359201612.USD":"贝莱德中国基金A2","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","LU1023057109.AUD":"BGF CHINA \"A2\" (AUDHDG) ACC","BK4526":"热门中概股","LU0238689110.USD":"贝莱德环球动力股票基金","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0053666078.USD":"摩根大通基金-美国股票A（离岸）美元","LU0072462426.USD":"贝莱德全球配置 A2","LU0708995583.HKD":"TEMPLETON CHINA \"A\" (HKD) ACC","LU0056508442.USD":"贝莱德世界科技基金A2","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0588546209.SGD":"Eastspring Investments - China Equity Fund AS SGD","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","ANET":"Arista Networks, Inc.","SG9999002562.SGD":"LionGlobal Asia Pacific SGD","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0109392836.USD":"富兰克林科技股A","DDD":"3D系统","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD"},"translate_title":"PDD Holdings和3D Systems被评为咤克斯当日牛市和熊市","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ANET":1,"DDD":1,"PDD":1,"NVDA":1,"SHOP":0.9},"content_text":"For Immediate Release\nChicago, IL – May 7, 2024 – Zacks Equity Research shares PDD Holdings PDD as the Bull of the Day and 3D Systems DDD asthe Bear of the Day. In addition, Zacks Equity Research provides analysis on Shopify SHOP, Arista Networks ANET and NVIDIA NVDA.\nHere is a synopsis of all five stocks:\nBull of the Day:\nPDD Holdings, also known as Pinduoduo, is a Chinese e-commerce platform that specializes in group buying deals. Founded in 2015 by Colin Huang, PDD quickly gained popularity by offering discounted products through team purchases.\nIt utilizes a social commerce model, encouraging users to share deals with friends and family to unlock additional discounts. PDD's platform is particularly popular in smaller Chinese cities and rural areas, where it has captured a significant market share. The company's business model focuses on leveraging social networks and innovative marketing strategies to drive sales and engagement.\nPDD Holdings currently has several bullish catalysts which make it an appealing stock. In addition to a top Zacks Rank, the company is also trading at a historical discount alongside tremendous earnings growth and is experiencing significant price momentum instigated by some compelling technical chart patterns.\nFurthermore, although the Chinese stock market has languished for a significant period, it has begun to show significant relative strength and momentum. The Chinese Tech ETF KWEB has outperformed the US stock indexes over the last three months.\nBased on the recovery in the Chinese stocks market, and the general attractiveness of PDD Holdings I believe it makes for a compelling investment consideration.\nEarnings Trends\nRevenue at PDD Holdings has exploded in the last few years, growing annual sales from $2 billion in 2018 to $35 billion in the last year. This huge pace of growth is expected to continue with sales expected to climb 50% this year and 35% next year.\nPinduoduo has also seen some hefty upgrades to its earnings estimates, giving it a Zacks Rank #1 (Strong Buy) rating. Current quarter earnings were revised higher by 27% over the last two months and FY24 have increased by 18% over the same period.\nTechnical Setup\nAfter breaking out from a descending wedge at the end of April, PDD stock started to show real promise. Then a week later it broke out again from a bull flag and is now moving higher towards its recent high. Although there is no immediate technical setup, I expect PDD Holdings stock to make new highs soon based on the broader momentum in Chinese tech stocks.\nDiscount Valuation\nLike many other Chinese stocks, which have been hammered lower over the last two years, Pinduoduo currently has a deeply discounted valuation. Its one-year forward earnings multiple of 17.8x is well below the market average, and its two-year median of 25.6x.\nBut what makes this valuation appear especially cheap is PDD’s PEG Ratio which considers EPS growth. Over the next 3-5 years EPS are forecast to grow 49.3% annually, giving it a PEG ratio of just 0.34.\nBottom Line\nI would be remiss to exclude the usual disclaimer of investing in Chinese equities, as they do carry additional risk, but PDD Holdings offer such a compelling risk/reward opportunity I couldn’t help but present it.\nFor investors seeking stocks with discount valuations, strong price momentum, and a contrarian twist, PDD Holdings may be the next stock to add to your portfolio.\nBear of the Day:\n3D Systems is a leading provider of 3D printing solutions, offering a range of products and services for the manufacturing, healthcare, aerospace, automotive, and consumer goods industries. The company specializes in additive manufacturing technologies, including 3D printers, materials, software, and on-demand manufacturing services.\nSeveral years ago, the hopes of 3-D printing and its numerous applications were very high, and the industry saw a huge boom. Stocks in the sector experienced massive price appreciation with 3D Systems leading the way.\nHowever, the big promises of the industry never materialized, the stocks became grossly overvalued, and the hype has since fizzled. 3D systems stock has fallen -91% over the last four years, and business fundamentals continue to deteriorate.\nAdditionally, the stock currently has declining earnings estimates and a Zacks Rank #5 (Strong Sell) rating. Based on the murky outlook for 3D Systems, I believe it should be avoided.\nPoor Business Fundamentals\nFollowing a brief pickup in sales at 3D Systems about a decade ago, sales have fallen significantly. After peaking around $700 million annually, they have declined to less than $500 million in the trailing 12 months.\nProfits at the technology company have suffered as well. After showing positive earnings for a few years, they flipped negative in 2017 and have not recovered.\nEarnings Revision Trend\nAnalysts are not expecting much from DDD in the coming quarters and years either. Over the last two months earnings estimates have been lowered across timeframes. Based on the consistently falling earnings revision trend, 3D Systems has a Zacks Rank #5 (Strong Sell) rating.\nBottom Line\nThings do not look good for 3D Systems. Falling sales and earnings is not what you see in winning stocks.\nIt is worth noting that DDD’s balance sheet is not bad, and they are still a leader in the 3d printing industry. If we were to see a resurgence in printing applications and sales and earnings pick up, DDD could be worth revisiting.\nBut, until the earnings revisions trend picks up, 3D Systems stock is best to be avoided for now.\nAdditional content:\nIs Shopify (SHOP) Worth Buying Ahead of Q1 Earnings?\nShopify is scheduled to report its first-quarter 2024 results on May 8.\nFor the to-be-reported quarter, Shopify expects revenue growth in the low twenties on a year-over-year basis. Adjusting for a 500-600 bps headwind related to the divestiture of the logistics business, revenues are expected to grow in the mid to high twenties on a year-over-year basis.\nThe Zacks Consensus Estimate for revenues is currently pegged at $1.84 billion, suggesting growth of 21.76% from the year-ago quarter’s reported figure.\nThe consensus mark for earnings is pegged at 16 cents per share, unchanged over the past 30 days. Shopify reported earnings of 1 cent per share in the year-ago quarter.\nShopify is benefiting from strong growth in its merchant base, a trend surely to be reflected in first-quarter results. Merchant-friendly tools like Shop Pay, Shopify Collective, Shopify Audiences, Shopify Capital and Shop Cash offers are helping it win new merchants regularly amid a challenging economic environment. Shopify’s platform is widely used by small and medium businesses that are suffering from persistent inflation.\nShopify Inc. price-eps-surprise | Shopify Inc. Quote\nShopify shares have lost 4.4% in the year-to-date period, underperforming the Zacks Computer & Technology sector’s return of 10.8%. However, in the past month, SHOP shares have gained 0.1%, outperforming the sector, which has lost 0.3%, reflecting the benefits of steady consumer spending. The company currently has a Zacks Momentum Score of A, which makes it further attractive.\nInnovative Portfolio Facilities Merchant Expansion\nShopify has been investing profusely in developing the best solutions for modern e-commerce. Product offerings like Shop Pay, Bill Pay, Tax Platform, Collective and the Marketplace Connect app.\nIntegration of AI through Shopify Magic across products and workflows is helping merchants expand their footprint. Shopify Checkout is helping merchants offer secure and seamless checkout options for customers. In January, the company launched updates, including One-page Checkout and Checkout Extensibility, making it more user-friendly.\nMerchant expansion is expected to have aided Gross Merchandise Volume (GMV) growth in the to-be-reported quarter. The Zacks Consensus Estimate for GMV is currently pegged at $60 billion, indicating 21% year-over-year growth.\nMoreover, the consensus mark for first-quarter Subscription solutions revenues is pegged at $506 million, indicating 32.4% year-over-year growth. The Zacks Consensus Estimate for Merchant Solutions is pegged at $1.33 billion, suggesting 17.7% year-over-year growth.\nWhat Our Model Says\nAccording to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s the exact case here.\nShopify has an Earnings ESP of +1.63% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.\nHence, we believe investors would be wise to accumulate Shopify prior to the first-quarter results, given the attractive entry point on the back of strong fundamentals.\nOther Stocks to Consider\nHere are a couple other companies worth considering, as our model shows that these, too, have the right combination of elements to beat on earnings in their upcoming releases:\nArista Networks has an Earnings ESP of +3.76% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.\nArista Networks’ shares have gained 11.6% year to date. ANET is set to report its first-quarter 2024 results on May 7.\nNVIDIA has an Earnings ESP of +2.50% and a Zacks Rank #2.\nNVIDIA’s shares have gained 74.5% year to date. NVDA is scheduled to release first-quarter fiscal 2025 results on May 22.\nStay on top of upcoming earnings announcements with the Zacks Earnings Calendar.\nWhy Haven’t You Looked at Zacks' Top Stocks?\nSince 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.\nToday you can access their live picks without cost or obligation.\nSee Stocks Free >>\nMedia Contact\nZacks Investment Research\n800-767-3771 ext. 9339\nhttps://www.zacks.com\nZacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks \"Terms and Conditions of Service\" disclaimer. www.zacks.com/disclaimer.\nPast performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nNVIDIA Corporation (NVDA) : Free Stock Analysis Report\n3D Systems Corporation (DDD) : Free Stock Analysis Report\nArista Networks, Inc. (ANET) : Free Stock Analysis Report\nShopify Inc. (SHOP) : Free Stock Analysis Report\nPDD Holdings Inc. (PDD) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2433781311"}