Time To Buy Alibaba, Baidu, JD.com? Jim Cramer Gives The Greenlight: 'Go Ahead... For Now'
Portfolio Pulse from Shanthi Rexaline
CNBC Mad Money host Jim Cramer suggests that it might be a good time to buy U.S.-listed China stocks such as Alibaba Group Holding Limited (BABA), Baidu, Inc. (BIDU), and JD.com, Inc. (JD) as they are trading way off their 2021 levels. This comes after the People's Bank of China surprised with a rate cut, which Cramer believes could stimulate the Chinese stock market. However, he remains critical of the economic conditions in China.
August 15, 2023 | 4:14 pm
News sentiment analysis
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NEGATIVE IMPACT
iShares MSCI China ETF (MCHI) was down 1.63% at $44.77, according to Benzinga Pro data.
The ETF's price has dropped, reflecting the overall economic conditions in China. The ETF could continue to be impacted by these conditions in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Jim Cramer suggests that it might be a good time to buy Alibaba Group Holding Limited (BABA) as it is trading way off its 2021 levels.
Jim Cramer's suggestion to buy BABA could lead to increased demand for the stock, potentially driving its price up in the short term. However, the overall economic conditions in China remain a concern.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer suggests that it might be a good time to buy Baidu, Inc. (BIDU) as it is trading way off its 2021 levels.
Jim Cramer's suggestion to buy BIDU could lead to increased demand for the stock, potentially driving its price up in the short term. However, the overall economic conditions in China remain a concern.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Jim Cramer suggests that it might be a good time to buy JD.com, Inc. (JD) as it is trading way off its 2021 levels.
Jim Cramer's suggestion to buy JD could lead to increased demand for the stock, potentially driving its price up in the short term. However, the overall economic conditions in China remain a concern.
CONFIDENCE 70
IMPORTANCE 80
RELEVANCE 100