Citi Maintains Vipshop(VIPS.US) With Buy Rating, Raises Target Price to $18
Nomura Adjusts Vipshop Price Target to $13.20 From $12.70, Maintains Neutral Rating
Buy Rating Upheld for Vipshop: Anticipated Revenue Growth and Positive Long-term Outlook Despite Short-term Weakness
Putting half of his wealth into Chinese concept stocks, 'The Big Short prototype' Michael Burry made a profit this time.
As of June 30th, stocks of Alibaba, baidu, and jd.com together account for about 46% of Burry's entire investment portfolio. Billionaire investor David Tepper previously stated that now is the time to 'buy everything', as Chinese stocks still have a lot of upside potential.
Global stock markets welcome the 'most call morning of the year,' as Goldman Sachs fund flow experts exclaim that this 'china trade' is different from the past.
Goldman Sachs expert Rubner mentioned that FOMO is starting to appear locally in China; in the past 48 hours, he conducted more China-related Zoom calls than all related meetings within this year; short-term traders in Goldman Sachs PB business have been buying Chinese stocks for eight consecutive days, with the net buying amount of Chinese stocks in PB business this Tuesday reaching the second highest level in ten years, almost entirely from long positions.
J.P. Morgan Maintains Vipshop(VIPS.US) With Buy Rating, Maintains Target Price $17