The stock volatility out of China has me really on edge. After ending a slow-burn bull market around A.I. hype during the Summer, it’s time for some action finally.
I’m a stock picker of the buy the dip variety, so I’m looking at Chinese stocks in particular this week.
Dada Nexus
Market Cap: $1.42 Billion
Dada Nexus Limited operates a platform of local on-demand retail and delivery in the People's Republic of China. It operates Dada Now, a local on-demand delivery platform that provides intra-city delivery and last-mile delivery services on an on-demand basis to chain merchants, small- and medium-sized enterprise merchants, and individual senders.
Takeaway
I am comfortable owning this stock in the $4 range. I consider it a long-hold.
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