$Alibaba(BABA)$ $Alibaba(09988)$ +5% after mixed results yesterday. $JD.com(JD)$ flat after beating earnings massively today.
I like both. But this just goes to show how markets aren't always rational especially when you're dealing with short periods.
Blowout results by JD with Adjusted EPS hitting $0.78 vs. estimate of only $0.48. Also beat on revenues of $36B vs. estimate of $35.7B.
JD's mainland e-commerce revenues +6.6%; logistics +13.8%. Very solid numbers.
JD crushes expectations on the big three: revenue, adjusted net income and adjused EPS. latter two were negative YoY but increased. Hat tip to JD!
One of the lowest short selling turnover rates I've seen in HK recently. Sellers are not willing to place big bets against the market right now. A good sign we'll have strong ER from JD $PDD Holdings Inc(PDD)$ etc. in the coming days.
https://twitter.com/BrianTycangco/status/1790988988200923322
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