JD.com (NASDAQ: JD), which has emerged as a potent rival to e-commerce giant Alibaba Group Holdings, Inc. (NYSE: BABA) is seeing a change of guard at the helm.
Key Takeaways:
Investors may be growing more bullish on Dingdong and Missfresh as recent Covid-related lockdowns drive more consumers to buy groceries online
Both companies trade at relatively low valuations, even after big stock gains this week, as analysts remain bullish on the pair
By Doug Young
Despite the subdued global cues from the foreign markets, the Indian stock market has given a pretty decent return of almost 13% to investors in the past month.
The rebound in the Chinese stock market could be coming to an end. As you can see on the following charts, the iShares China Large-Cap ETF (NYSE: FXI) is close to a possible resistance level.
This could put a top on the price.
Despite a 14% return in the Indian stock market in the past month amid the Russia-Ukraine conflict and other influential events, Nithin Kamath of Zerodha believes "It's quite stupid to be buying only stocks."