Stocks ticked higher in early trading, building on the strong gains of the past few sessions as market watchers looked for evidence to support the belief that the current rally is sustainable.
“One of the trickier calls in this business is evaluating the difference between a bounce in a bear market vs. the start of a more durable advance. The current bounce, +8% over the last 4 trading days, has been impressive on the surface as most moves of this content tend to be, but again has yet to signal any resounding or leadership improvement,” wrote Chris Verrone, technical analyst with Strategas.
China relaxed travel and entry restrictions this morning, giving a boost to certain Chinese stocks. Today we’re featuring a Chinese large-cap with its sights on 2x earnings over the next few years.
Legend Who Bought Apple at $1.42 Says Buy TaaS Now
It’s called TaaS – and if you haven’t yet heard of this technological breakthrough, you soon will. [Full Story…]
Founded in 2015, Pinduoduo (PDD) is one of the fastest-growing tech companies in the world. The agriculture-focused e-commerce platform directly connects more than 12 million farmers with distributors and consumers through its interactive shopping experience, allowing users to participate in group buying deals.
In 2017, the company ended its online direct sales model and transitioned to purely providing online marketplace services to third-party merchants across more categories. According to Pinduoduo‘s July 2018 prospectus, this change from a first party to a third party marked the start of explosive growth. From there, Duo Duo Live was launched in December 2019 as a live streaming feature available for merchants to better promote their wares. Duo Duo Grocery, a next-day, click-and-collect grocery service, was rolled out in August 2020 as a response to the changing consumer needs for buying groceries in the wake of the COVID-19 pandemic.
PDD’s earnings are expected to double over the next few years, indicating an optimistic future ahead. This should strengthen cash flows, feeding into a higher share valuation. Since its Feb 2021 peak, PDD’s share price is down more than 67%. The stock garners a solid Buy rating from the Wall Street pros offering recommendations and a median price target of $64.77. It currently trades at a premium at around 48 times earnings. Nevertheless, for investors looking for solid growth, PDD is worth keeping an eye on. Considering the volatile nature of the stock, the next buying opportunity could be right around the corner.
Where to invest $1,000 right now...
Before you consider buying Pinduoduo, you'll want to see this.
Investing legend, Keith Kohl just revealed his #1 stock for 2022...
And it's not Pinduoduo.
Jeff Bezos, Peter Thiel, and the Rockefellers are betting a colossal nine figures on this tiny company that trades publicly for $5.
Keith say’s he thinks investors will be able to turn a small $50 stake into $150,000.
Find that to be extraordinary?
But you have to act now, because a catalyst coming in a few weeks is set to take this company mainstream... And by then, it could be too late.
A company with 400 million ‘patents’
One company has quietly compiled more than 400 million official trade secrets.
Trade secrets are like patents in that they protect valuable and proprietary information…
But unlike patents, trade secrets take less time to register… and more importantly, they never expire.
Which is a huge advantage for this little-known company.
You see, this company is using these trade secrets to build the world’s largest “codebase,” which will bethe key to it becoming “America’s Next Big Monopoly.”
Not surprisingly, Wall Street is starting to take notice. And the smart money is already pouring in.
Tech investor Cathie Wood has invested over $80 million already, and Microsoft founder Bill Gates has invested as well.
Get the details here before this story hits the mainstream media.