Is JD.com set for gains?
JD.com also known as Jingdong and formerly called 360buy, is a Chinese e-commerce company headquartered in Beijing. It is one of the two massive B2C online retailers in China by transaction volume and revenue, a member of the Fortune Global 500, as well as a major competitor to Alibaba-run Tmall. Many analysts consider that the China consumer market is set to grow considerably in the near to medium term once economies open again. Does this make JD.com a great share to buy as it approaches its strong seasonal time of the year?
The average return between February 22 and April 16 over the last 6 years has been +9.59%. Could this be a great company to buy once the Lunar New year holidays are over next week?
- The main risk to this trade is on a negative risk tone or a vaccine-resistant COVID-19 variant that weighs on stocks.
- If US 10 year yields rise too fast that could result in some equity selling.