China Market Update: Markets Ignore Biden Tariff Talk, JD.com Buyback Update [Forbes]
JD.com, Inc. - American Depositary Shares (JD)
Last jd.com, inc. - american depositary shares earnings: 3/2 05:03 am
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Source: Forbes
Steel names were relatively unaffected after Biden's tariff proposal. Some analysts are saying that this is because the US remains a relatively small market for China's steel producers. My take is that this is a campaign position that might be walked back. It is just astonishing that we are still talking about increasing tariffs in the US after Americans have been faced with the highest inflation rates in over a decade. Remember that tariffs are a regressive tax that is usually accounted for by foreign exchange, meaning they end up having little to no impact on the actual flow of trade. Smoot and Hawley did not go down well in history. As usual, this is a distraction technique. JD.com announced that the company repurchased $1.2 billion worth of its own shares in the first quarter, representing nearly 3% of its shares outstanding. The company also initiated a new share repurchase program, which will last until 2027 and involve repurchases worth nearly $3 billion. JD.com still fell -
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JD
News
- JD.com snaps eight-day winning streak [Seeking Alpha]Seeking Alpha
- Chinese Equities are Back: 2 Top-Ranked Stocks to Ride the Trend [Yahoo! Finance]Yahoo! Finance
- Recent uptick might appease JD.com, Inc. (NASDAQ:JD) institutional owners after losing 13% over the past year [Yahoo! Finance]Yahoo! Finance
- JD.com to Report First Quarter 2024 Financial Results on May 16, 2024GlobeNewswire
- ATRenew Inc. Announces Appointment of New Director [Yahoo! Finance]Yahoo! Finance
JD
Earnings
- 3/6/24 - Beat
JD
Sec Filings
- 4/26/24 - Form 6-K
- 4/18/24 - Form 6-K
- 4/18/24 - Form 6-K
- JD's page on the SEC website