Hold On, Stocks are Going Higher [Yahoo! Finance]
PDD Holdings Inc. - American Depositary Shares (PDD)
Company Research
Source: Yahoo! Finance
Now just a few days later, broad equity indexes are again approaching all-time highs. All it took as a measly -6% selloff in the S&P 500 to start scaring investors out of positions in good stocks. When small pullbacks like the one at the end of April are met with vigorous buying like we saw these last couple weeks, you know the bull market is intact. Stocks are almost always climbing the “wall of worry.” The hiccups that cause mini selloffs are fantastic buying opportunities. The US economy is extremely robust in the face of record high interest rates. US household wealth is at all-time highs encouraging consumer spending, the US government is spending on big infrastructure projects such as semiconductors and nuclear energy, and though there may be a slight delay, expansionary monetary policy is on its way. Rising consumer and government spending grows earnings, and falling interest rates will increase liquidity. These are the driving factors in markets, and they are pointin
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PDD
News
- PDD Holdings to Report First Quarter 2024 Unaudited Financial Results on May 22, 2024GlobeNewswire
- Chinese e-commerce giants face delicate balance between discounts, profit [Yahoo! Finance]Yahoo! Finance
- PR executive at Chinese tech firm Baidu apologizes for comments seen as glorifying overwork [MSNBC.com]MSNBC.com
- PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash [Yahoo! Finance Canada]Yahoo! Finance Canada
- PR executive reportedly departs China's Baidu after comments glorifying overwork draw backlash [Financial Post (Toronto, Ontario, Canada)]Financial Post
PDD
Earnings
- 3/20/24 - Beat
PDD
Sec Filings
- 4/25/24 - Form 20-F
- 3/27/24 - Form 144
- 3/26/24 - Form 144
- PDD's page on the SEC website