JD.com, Inc., previously known as Jingdong and formerly called 360buy, is a large Chinese e-commerce company based in Beijing. It’s one of the biggest online retailers in China for business-to-consumer transactions, making a substantial amount of revenue. It’s also a member of the Fortune Global 500 list and competes heavily with Alibaba’s Tmall platform.
Itβs earnings are out before the US open on Wednesday and it has a very weak seasonal period ahead over this earnings period with average falls of nearly 8.5% from March 05 to March 14 over the last 9 years. However, is this a dip buying opportunity?
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The major trade risk here is that earnings surprise to the upside and send stock sharply higherβ¦
Remember, don’t just trade it Seasonax It!