Baidu, JD In Focus As Jim Cramer Weighs In On China's Stock Stabilization Fund
Portfolio Pulse from Surbhi Jain
Jim Cramer speculates on China's proposed stock stabilization fund, which may invest in Baidu and JD.com. The fund aims to support Chinese stocks with a $113 billion injection. Baidu and JD.com are seen as attractive options due to their recent performance, despite current selling pressure.
October 01, 2024 | 4:00 pm
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POSITIVE IMPACT
Baidu is considered a potential beneficiary of China's proposed $113 billion stock stabilization fund. Despite current selling pressure, Baidu's stock shows resilience, trading above key moving averages with a projected price target of $105 to $139.
Baidu is highlighted as a potential investment target for China's stabilization fund, which could boost its stock. The stock's resilience and positive price target range suggest potential upside, despite current selling pressure.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
JD.com is seen as a potential target for China's stock stabilization fund. The stock is trading above key moving averages with a bullish trend, but faces selling pressure. Analysts project a price target between $28 and $47.
JD.com is considered a potential beneficiary of the stabilization fund, which could support its stock. Despite selling pressure, JD's bullish trend and positive price target range indicate potential gains.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80