To The Moon

🌟🌟🌟The Chinese stocks staged an incredible comeback this week as the positive impact of a blitz of stimulus from the Chinese authorities unleashed a wave of bullish optimism in the markets.  Coupled with the recent Feds interest rate cut, this is an exciting time to be invested in the Chinese markets.

My Top best performing Chinese  stock is  $JD.com(JD)$  I am currently up 31% in just a short interval of 1 month when I was attracted to JD. com due to its Q2 24 earnings report beating market expectations! 

JD.com's share price is up 14.3% on Thursday and in the past 5 days it has jumped by 31.7%.  It is now up 39% year todate and in 2023, JD.com has risen 30%.

JD.com's 2nd quarter profit rose 73.7% to RMB 9.36 per share versus Wall Street Analysts expectations of RMB 6.07 per share.  Net income for the quarter increased by 92% to RMB 12.6 billion (USD 1.7 billion) compared to previous year quarter. 

JD.com's impressive results was due to its laser focus on discounts and lower priced goods as Chinese shoppers have become more cautious about spending. 

JD. com is the 3rd largest Chinese ECommerce company after $Alibaba(BABA)$  and $PDD Holdings Inc(PDD)$  

JD. com had a successful mid  year ECommerce Sales Festival called "618" shopping event which was named after JD's founding date.  It is also helped by JD. com 's strategic partnership agreements with multiple brands including Xiaomi, Lenovo and Oppo to improve supply chain, AI technology integration and generate increased sales and revenue.

Wall Street Analysts are bullish on JD. com with  Target Price from a high of USD 51.90 to a low of USD 28.00 according to Tipranks. 

I am excited by the current upward momentum of JD.com.    From a 52 week low of USD 20.82 to the recent high of USD 38.18, I believe JD. com has reached a turning point.  There is a lot of exponential growth ahead for JD.com and it is time for JD.com to shine again. 

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