Best China Stocks: Tesla Rivals BYD, Nio Lead 5 Stocks Near Buy Points Amid Chinese Stimulus Bets

Blockhead10-12

China stocks have come roaring back over the past several weeks, fueled by new stimulus measures and the hope of more. Many U.S.-traded Chinese stocks have raced up from lows to clear consolidations. ...

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Many U.S.-traded Chinese stocks have raced up from lows to clear consolidations.\n...</p>\n\n<a href=\"https://www.investors.com/news/best-china-stocks-tesla-rivals/\">Source Link</a>\n\n</div>\n","source":"investor_business_daily_highlight","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>Best China Stocks: Tesla Rivals BYD, Nio Lead 5 Stocks Near Buy Points Amid Chinese Stimulus Bets</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\">\nBest China Stocks: Tesla Rivals BYD, Nio Lead 5 Stocks Near Buy Points Amid Chinese Stimulus Bets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-12 06:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investors.com/news/best-china-stocks-tesla-rivals/><strong>Blockhead</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China stocks have come roaring back over the past several weeks, fueled by new stimulus measures and the hope of more. Many U.S.-traded Chinese stocks have raced up from lows to clear consolidations.\n...</p>\n\n<a href=\"https://www.investors.com/news/best-china-stocks-tesla-rivals/\">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":"LI","symbol_name":"理想汽车","start_time":0,"source_url":"https://www.investors.com/news/best-china-stocks-tesla-rivals/","article_id":"2474026810","we_media_id":null,"thumbnails":["https://www.investors.com/wp-content/uploads/2021/09/Stock-chinastockmarket-01-adobe-150x150.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474026810","pubTimestamp":1728684102,"columns":[],"sourceInfo":{"source_id":"investor_business_daily_highlight","name":"Investor’s Business Daily"},"weMediaInfo":null,"summary":"China stocks have roared recently on Chinese stimulus and hopes for more. 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Many U.S.-traded Chinese stocks have raced up from lows to clear consolidations.\nTesla (TSLA) rivals BYD (BYDDF) and Nio (NIO) are setting up, along with e-commerce giant PDD Holdings (PDD), Trip.com (TCOM), and messaging and gaming giant Tencent (TCEHY).\n\n\n\n↑\nX\n\n\n\n\nTesla Is Struggling. Here's What Elon Musk Is Betting On For Future Growth.\n\n\nSee All Videos\n\n\n\n\nNOW PLAYING\nTesla Is Struggling. Here's What Elon Musk Is Betting On For Future Growth.\n\n\n\n\nInvestors should pay attention to many other Chinese stocks, including e-commerce titan Alibaba (BABA), JD.com (JD), search giant Baidu (BIDU), online recruitment site Kanzhun (BZ), data center play GDS Holdings (GDS), online entertainment concern Bilibili (BILI) and gaming giant NetEase (NTES). Don't forget other EV makers, such as Li Auto (LI) and XPeng (XPEV).\nTop China ETFs\nInvestors wary of buying an individual Chinese stock could choose ETFs such as KraneShares CSI China Internet ETF (KWEB), iShares China Large-Cap ETF (FXI) and Xtrackers Harvest CSI 300 China A-Shares ETF (ASHR).\nChinese Stimulus\nWith China's economy struggling, in late September the central bank cut some key rates and lowered reserve requirements for banks. Authorities also took steps to encourage lending as well as buy property and stocks.\nThose moves triggered the huge run-up in Chinese stocks. Shares fell back after a planning body on Oct. 8 did not announce fiscal stimulus. On Oct. 12, the Finance Ministry is holding a news conference, raising expectations that it will announce fiscal stimulus.\nEV makers, including BYD, Nio and Tesla, have benefited for a few months from increased government subsidies.\nTop China Stocks To Buy Or Watch Now\n\n\n\nCompany\nTicker\nIndustry Group\nComposite Rating\n\n\n\n\nTrip.com\nTCOM\nLeisure-Travel Booking\n97\n\n\nBYD\nBYDDF\nAuto Manufacturers\nn.a.\n\n\nNio\nNIO\nAuto Manufacturers\n58\n\n\nTencent\nTCEHY\nInternet-Content\nn.a.\n\n\nPDD Holdings\nPDD\nRetail-Internet\n98\n\n\n\nTrip.com Stock\nTrip.com is a China-based online travel site operator. It's benefited from a travel boom after China's long Covid restrictions were lifted in late 2022.\nQ2 earnings jumped 42% vs. a year earlier while revenue grew 13%. Both marked the second straight quarter of decelerating growth, as comparisons get tougher. But travel seems be on the upswing globally. Earnings are expected to continue rising through next year.\nTrip.com stock vaulted out of a cup base on Sept. 27, with shares now extended from the 58 buy point. Like many other China stocks, Trip.com may be forging a high handle or shelf as it consolidates above the base.\n\nBYD Stock\nThe world's leading EV maker, BYD produces fully battery electric vehicles (BEVs) and plug-in hybrids (PHEV). It's also one of the world's largest battery makers.\nBYD earnings rose 32% in Q2 vs. a year earlier, while revenue grew 26%, bouncing back after lackluster Q1, a seasonally slow quarter.\nQ3 earnings are a few weeks away, but BYD sold a record 1,134,892 vehicles, up 37.3% vs. a year earlier and 7.6% vs. Q2's 986,720. PHEV sales soared 75.6% vs. a year before to 685,830. BEV passenger sales came in at 443,426, up 2.7% vs. a year earlier and 4.1% vs. Q2. BYD is slightly behind Tesla in BEV sales.\nA rapid expansion of models, technology and markets has fueled BYD, which is building factories in Asia, Europe and Latin America.\n\nIn early October, BYD topped the official 36.27 buy point, hitting a two-year high. The EV giant has pulled back to within the very top of that buy zone as many Chinese stocks pared recent huge gains. BYD could soon finish forging a handle to its ultimate consolidation, starting with its all-time high of 43.61 in June 2022.\nBYD is Hong Kong listed and trades over the counter in the U.S., so its U.S. stock chart shows lots of mini gap-ups and downs.\n\nTesla Dives After Robotaxi Event; BYD Near Buy Zone After Powerful Move\n\nNio Stock\nNio is a Chinese EV maker that is continuing to stick with BEV-only models. Traditionally a premium EV maker, Nio recently launched the mainstream Onvo brand. The Onvo L60 is a Model Y rival with higher specs at a cheaper price. Nio will launch its Firefly sub-brand in late December, targeting the affordable market, dominated by BYD.\nBuyers have a choice of buying a Nio outright, or buying a Nio EV for a lower price, renting the battery. Also, Nio has set up a network of battery-swapping stations, allowing for a much-faster turnaround than traditional charging, which is also an option. Nio has forged alliances with many other China EV makers to use its swap stations, though not BYD or Tesla.\nNio is losing money, though losses are narrowing, with the hope that its massive investments in EVs and charging stations will eventually turn into money machines. Revenue jumped 98% in Q2 vs. a year earlier.\nSales for Nio have topped 20,000 a month for the past five months, but are set to soar as Onvo L60 deliveries ramp up.\nChina stock NIO hit a four-year low in August, but have doubled since then, surging above the 50-day and long-sliding 200-day averages. Shares have pulled back to the 21-day line. Investors could use a strong move off the 21-day line as a place to start or add to a position. A proper base would be constructive for sure.\nStill, Nio stock faces a lot of overhead resistance.\nTencent Stock\nTencent is a massive messaging and gaming giant. Its WeChat super app is the envy of the world. Strong gaming demand has fueled a big surge in earnings.\nQ2 earnings leapt 55% vs. a year earlier, the seventh straight quarter of accelerating growth. Revenue growth has picked up for the last two quarters, to 8%.\nTencent stock broke out of a long flat base in late September. That flat base for the China stock could be viewed as a handle to a mammoth consolidation going back to January 2023.\nShares hit the 20%-25% profit-taking zone quickly and have pulled back. TCEHY stock has found support around the 21-day line.\nTencent is Hong Kong listed and trades over the counter in the U.S., so its U.S. stock chart shows lots of mini gap-ups and downs.\nPDD Holdings\nPDD Holdings is the parent of Chinese e-commerce giant Pinduoduo and international site Temu, which has been a big hit in the U.S. Pinduoduo and Temu both are lower priced and use gamification measures to drive engagement and sales.\nEarnings growth for PDD earnings has been in triple digits for the past three quarters. Revenue growth slowed to a still-torrid 85% in Q2, but that missed views.\nPDD also warned of rising competition, while Temu also faces possible new restrictions in the U.S.\nShares of China stock PDD plunged on the Q2 earnings report. But a few weeks later, PDD stock skyrocketed with other China stocks on stimulus.\nShares now have a 155.67 handle buy point in a four-month, 47%-deep consolidation with a lot of wild trading.\nPlease follow Ed Carson on Threads at @edcarson1971 and X/Twitter at @IBD_ECarson for stock market updates and more.\nYOU MIGHT ALSO LIKE:\nWhy This IBD Tool Simplifies The Search For Top Stocks\nCatch The Next Big Winning Stock With MarketSurge\nBest Growth Stocks To Buy And Watch\nIBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today\nHow To Invest: Rules For When To Buy And Sell Stocks In Bull And Bear Markets","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"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":"4.29.3","shortVersion":"4.29.3","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/2474026810"}