The Chinese consumer is finally returning to spending, albeit at a slower-than-expected rate. Eventually, once economic confidence is restored, consumers will increase their spending.
According to Nasdaq Chief Economist Phil Mackintosh, earnings growth drives stock prices over the long term. This assertion is evident as growth stocks with the best earnings per share (EPS) have led the market since it bottomed out in October 2022.
While the Nasdaq composite has delivered a total return of about 20% this year, there are certain Nasdaq stocks for long-term growth that industry analysts consider primed for future success. Let's go through some of these three Nasdaq stocks revolutionizing their respective industries, and how experts gauge their long-term performance.
Many times, companies go through times of crisis before, eventually stepping back out stronger than ever. These events lead to multiple investors losing faith in the company and pulling their shares out.
PDD Holdings Inc. showcases explosive business growth of over 100% annually, with a very undemanding valuation of just 12x expected net profits. PDD Holdings, an underfollowed e-commerce giant, has seen massive revenue growth, especially with the success of its Temu shopping app. Despite strong growth and attractive earnings, PDD Holdings faces regulatory risks due to its China ties and potenti...
David Tepper's Appaloosa Management trimmed its Magnificent Seven stocks and bought China's leading tech names. China's version of the "Mag Seven" trade at significantly cheaper valuations than their U.S. counterparts.
The 'Undercovered' Dozen highlights twelve ideas from the previous week on stocks with limited coverage. A third of the ideas this week are rated Strong Buys. Two-thirds of the picks this week are bullish. Analysis of Sandridge Energy, a Nasdaq 100 ETF, private credit with Blue Owl Capital, NEOS S&P 500 High Income ETF, and Canadian Net REIT are included.
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