5 Reasons to Buy JD.com Stock Near Its All-Time High
Shares of JD.com (NASDAQ: JD), China's biggest direct retailer and second largest e-commerce company, recently surged after its second-quarter numbers topped analysts' expectations.
JD's revenue rose 34% annually to 201.1 billion yuan ($28.5 billion), beating expectations by $1.2 billion. Its adjusted net income surged 53% to 3.51 yuan ($0.50) per ADS, also clearing estimates by $0.12.
Those headline numbers are impressive, but investors might be hesitant to buy JD's stock as it hovers near its all-time high. However, I believe this high-growth stock still has room to run, for five simple reasons.
Source Fool.com
