JDNASDAQ: JD

BEIJING, Oct. 31, 2024 (GLOBE NEWSWIRE) -- JD.com, Inc. (NASDAQ: JD and HKEX: 9618 (HKD counter) and 89618 (RMB counter), a leading supply chain-based technology and service provider, today announced that it plans to release its unaudited third quarter 2024 financial results on Thursday, November 14, 2024, before the U.S. market opens.

Zacks.com users have recently been watching JD.com (JD) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Rob Sanderson, Loop Capital Markets senior internet analyst, joins 'Power Lunch' to discuss the bull case for Chinese internet stocks.

JD.com's tech-driven retail ecosystem and premium partnerships make it a compelling buy ahead of the holiday season rush.

JD, OKTA and ZIM made it to the Zacks Rank #1 (Strong Buy) growth stocks list on October 22, 2024.

In the most recent trading session, JD.com, Inc. (JD) closed at $39.68, indicating a -0.75% shift from the previous trading day.

JD.com remains a buy due to expected revenue acceleration, margin expansion, and strong EPS growth, despite the stock's recent increase. Revenue growth will be driven by macro environment improvements, recovery from past actions, and 3P & general merchandise market expansion. JD is still undervalued, with the market pricing it as if it will shrink, making it an attractive investment.

Renowned investor Michael Burry, of ‘The Big Short' fame, has steadily been increasing his exposure to Chinese markets — starting with Q4 of 2023, and extending to Q1 and Q2 of 2024, per the 13F filings he has submitted to the SEC through his firm, Scion Asset Management.

JD.com (JD) possesses solid growth attributes, which could help it handily outperform the market.