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Temu-Owner PDD Holdings is surging: What happens next?
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Shares of PDD Holdings($PDD Holdings (PDD.US)$) were up 16.1% as of 2:59 p.m. ET on Tuesday after the company reported better-than-expected Show More
Shares of PDD Holdings($PDD Holdings (PDD.US)$) were up 16.1% as of 2:59 p.m. ET on Tuesday after the company reported better-than-expected earnings results for the second quarter. Revenue grew 66% year over year to $7.2 billion, while adjusted net profit grew 42% to $2.1 billion. The quarter bolstered investors' confidence in economic recovery, sending the stock up from its recent slump.

The company's key growth engine is Pinduoduo, which benefits from focusing on higher-quality agriculture production to bring better products to customers. It's also a plus that the company is supporting increases in research and development expenses while also reporting a healthy profit. PDD's high rate of profitable growth appears undervalued. The stock trades at a low forward price-to-earnings ratio of 21.6 relative to underlying business growth. That is lower than the average stock in the S&P 500, which trades at a P/E multiple of 25.

🎙️Q:
1. Would you invest your money in PDD?
2. How do you interpret recent stock market movements?

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