Actionable news
0
All posts from Actionable news
Actionable news in BABA: ALIBABA GROUP HOLDING LIMITED,

Sell JD.com, Buy Alibaba: Flipping Jim Chanos's Bets Pays Off

Mitchell Kim of Kim Eng Securities saw it coming for JD.com. The shares fell 7 percent in New York on Monday after China’s second-largest online retailer posted slowing sales volume.

Kim is the only analyst to rate the stock a sell, a recommendation he first made in December. Instead, he suggests investors buy shares of JD.com’s bigger rival: Jack Ma’s Alibaba.

Those calls are at odds with bets from famed short-seller Jim Chanos, who has said he’s bullish on JD.com and bearish on Alibaba. So far, Kim’s coming out on top with his pair-trade recommendation returning 25 percent this year. The trade has the potential to return another 40 percent if Kim is right with his 12-month...


More