Wall Street Analysts Think JD.com (JD) Could Surge 48.61%: Read This Before Placing a Bet
After Walmart's clearance sale, JPMorgan stands with JD.com: the valuation is really too low, and the stock price is expected to rebound.
1. JPMorgan believes that JD.com's stock price is expected to rebound in the future because Walmart's withdrawal will not affect JD.com's solid fundamentals; 2. At the same time, JD.com's valuation itself is already low enough, which means there is a huge potential for upward movement.
Hong Kong stocks are volatile. JD.com-SW(09618) is now up more than 3%. Morgan Stanley said that Walmart's shareholding reduction is only a short-term impact. The company repurchased nearly 0.4 billion US dollars of shares in a single day.
jd.com-SW(09618) is now up more than 3%. As of the time of writing, it has increased by 3.03% and is trading at HKD 105.6, with a turnover of HKD 1.582 billion.
[Special Guest Big V] Deng Shengxing: Hong Kong stocks are repeatedly weak and unable to go up.
Golden Finance News | Hang Seng Index closed at 17,391 on Wednesday (21st), down 120 points or 0.69%. The market had a full-day turnover of 93.8 billion yuan. The A50 Index fell by 53 points or 0.87% to 6141. The ChiNext Index surged over 3% this morning, but closed down 63 points or 1.8% at 3434. Walmart is reported to be selling its stake in JD.com (09618). JD.com responded in the afternoon, expressing confidence in future cooperation with Walmart. The closing price fell by 8.7% to 102.4 yuan, making it the worst-performing blue-chip. After Kuaishou (01024) announced its performance, several major banks lowered their target price, and the market is watching its e-commerce sales platform closely.
JD.com (09618) rose 2.73%. Walmart no longer holds company equity. The event only has "short-term negative impact" on the raw materials industry.
Kingway Financial News | jd.com (09618) opened more than 3% higher, as of the time of writing, it rose by 2.73%, reaching HK$105.2, with a transaction amount of 0.291 billion HK$. It is worth noting that the stock fell by 8.73% yesterday. On August 20th Eastern Time, jd.com announced that walmart has submitted a Schedule 13G/A to the Securities and Exchange Commission regarding the sale of company shares. The schedule shows that walmart no longer holds company shares. JPMorgan Chase stated that walmart's sale of jd.com shares is only a "short-term negative impact" event, which will not affect the basic fundamentals of jd.com, and recommends investors to trade accordingly.
August 21st US stocks turnover top 20: jd.com suffered walmart's clearance-style shareholding
On Wednesday, the US stock market turnover ranked first in Nvidia, up 0.98%, with a turnover of $32.812 billion. Recently, Goldman Sachs analysts Toshiya Hari and Anmol Makkar released the latest research report stating that due to the strong demand from large cloud computing service providers and enterprise customers, Nvidia will continue to maintain its strong position in the AI and accelerated computing field, and continue to maintain a "buy" rating on it. The Goldman Sachs report pointed out that although the delay in shipping the Blackwell series GPU has brought fluctuations to the fundamentals, based on official statements and supply chain data, confidence in Nvidia's profitability still remains.
ETONA : break 25.7 looks like gonna down more
Mr Careful OP ETONA : the big boys are inside. will somehow recover by itself