Why JP Morgan Is Growing Much More Bullish on These 11 Chinese Stocks
One major Wall Street investment house is betting big on China making a comeback.
Dada Nexus Ltd is a pioneer in China's on-demand delivery and retail sector, offering innovative services through its Dada Now and JDDJ platforms. Dada Now focuses on providing swift intra-city and last-mile delivery services for a wide range of merchants and individuals. Meanwhile, JDDJ caters to the retail needs of consumers, retailers, and brands by facilitating immediate access to goods. Founded in 2014 and based in Shanghai, Dada Nexus Ltd has become a key player in enhancing the efficiency of local commerce in China.
One major Wall Street investment house is betting big on China making a comeback.
Chinese tech stocks were on a run Tuesday following an announcement from Alibaba that it is increasing its share buyback program to $25 billion.
Chinese stocks rallied Wednesday morning after state media vowed to ensure financial stability.
Monday afternoon's top analyst upgrades and downgrades included big names like Alibaba, Bilibili, Dada, Pinduoduo, Tyson Foods and more. JPMorgan targeted Chinese companies in a series of sweeping downgrades.
Thursday's top analyst upgrades and downgrades included Arista Networks, Bumble, Cisco Systems, ConocoPhillips, CrowdStrike, DXC Technology, Eli Lilly, Emerson Electric, Freeport-McMoRan, Halliburton, Rio Tinto, Olaplex, PPL and Teck Resources.
Thursday's top analyst upgrades and downgrades included Amgen, Biogen, Commscope, Lockheed Martin, Northrop Grumman, ONEOK, Plug Power and Roku.
Wednesday's top analyst upgrades and downgrades included Abercrombie & Fitch, Coinbase, Colgate-Palmolive, Fisker, Fox, Goldman Sachs, Urban Outfitters and Wendy's.