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Is It Too Late to Buy JD.com Stock?

TheMotleyFool

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Is It Too Late to Buy JD.com Stock?: https://g.foolcdn.com/editorial/images/744506/jd-autonomous-delivery-robot-at-changsha-smart-delivery-station.jpg

JD.com (NASDAQ: JD) posted its second-quarter earnings report on Aug. 16. The Chinese e-commerce giant's revenue rose 8% year over year to 287.9 billion yuan ($39.7 billion) and exceeded analysts' expectations by $1.2 billion. Its adjusted net income grew 32% to 8.6 billion yuan ($1.2 billion), or $0.74 per American depositary receipt (ADR), which also cleared the consensus forecast by $0.06.

Those headline numbers looked healthy, but JD's stock dipped after the report and remains down about 40% for the year. Is it too late to bet on its long-term recovery in this turbulent market?

Image source: JD.com.

Source Fool.com

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