#5 - JD.Com (NASDAQ:JD)
JD.Com (NASDAQ: JD) - Another stock that is up nearly 40% in 2019 is JD.Com, an e-commerce competitor to Amazon.com. Operating out of China, JD.Com is the “little brother” to Alibaba. But that may be where it’s advantage lies. Investing in JD.Com will require investors to be comfortable with the company’s lack of income and uncertain profitability forecast. However, the first step for JD.Com is to expand their footprint, which they seem to be doing. Plus, although some indicators suggest China’s economy is slowing, a productive resolution to the ongoing trade talks between the U.S. and China would bode well for the economy of both countries. E-commerce growth in China is expected to grow from $470 billion in 2018 to $839.54 billion by 2021. A concern going forward is the controversy surrounding their CEO Richard Liu. Although an accusation of rape was dropped, the accuser has since filed a lawsuit against Liu, but the CEO is still facing a social media backlash that is putting the company in the news for the wrong reasons. In the long term, Alibaba may be the better stock, but for the rest of 2019, JD.Com’s stock appears it has room to run.
About JD.com
JD.com, Inc operates as a supply chain-based technology and service provider in the People's Republic of China. The company offers computers, communication, and consumer electronics products, as well as home appliances; and general merchandise products comprising food, beverage and fresh produce, baby and maternity products, furniture and household goods, cosmetics and other personal care items, pharmaceutical and healthcare products, industrial products, books, automobile accessories, apparel and footwear, bags, and jewelry.
Read More - Current Price
- $32.87
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 8 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $35.60 (8.3% Upside)
