In Monday’s Blitz Daily with Lance Ippolito, we take a look at Chinese ecommerce company JD.com as the bulls rushed in ahead of its upcoming earnings report.
JD.com is one of China’s two largest business-to-consumer online retailers, the other being Alibaba’s Tmall. It also ranks in No. 46 on the Global 500 list.
The company is due to report earnings before the open on Aug. 23. And while JD.com beat on revenue estimates the past four quarters, it missed on earnings-per-share estimates by more than 20% three of the past four.
But it looks like at least one big-money trader is betting on JD.com to deliver not just in the short term, but over the rest of the year…
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