Will the recent performance of BABA and JD alter the prices of US Stocks and/or the risk appetite for US Tech Giants?
This is something that has been in my mind for a while however US Stock performance and other investors’ sentiment did not support it. Yesterday appeared on the front page of main street media outlets.
Now, it is a good time to review a few charts. Historically getting involve in growth stocks that are about 40% from their highs as paid investor patience. I do not know if this time is different.
JD.COM
P/E is 13.13 and
Forward P/E is 34.06
Eikon / Refinitiv Data
This stock is -30% YTD
BABA is -20% YTD
P/E is 18.53 and
Forward P/E is 22.74
Eikon / Refinitiv Data