“Want 54% to 81% Returns Over the Next 12 Months? Wall Street Says to Buy These 3 Stocks.”
January 29, 2024
“Baidu (NASDAQ: BIDU) hasn’t taken part in the stock market’s resurgence since early 2023. Shares of the Chinese technology company are down close to 20% over the last 12 months. The tech stock has been held back in large part because of China’s economic slowdown…
While Baidu is sometimes called the “Google of China,” Alibaba Group (NYSE: BABA) has earned the nickname of the “Amazon of China” because of its huge e-commerce platform. Like Baidu, Alibaba’s share price has suffered partially as a result of the slowing Chinese economy. The stock has fallen nearly 40% over the last 12 months…
Make it three in a row. Another Chinese tech stock is also a Wall Street favorite — JD.com (NASDAQ: JD). Shares of the e-commerce company have plunged more than 60% over the last 12 months. Again, the weakening Chinese economy was a big culprit behind this sell-off…”
https://finance.yahoo.com/news/want-54-81-returns-over-105100899.html
I do not agree with this article. I know the saying goes “buy while blood is in the streets” but China is in the middle of the crash. Chinese stocks are going nowhere but down. Even the Chinese don’t trust them. Investing in Chinese stocks right not is like committing financial suicide.