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Strategies & Market Trends : Greater China Stocks

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From: Julius Wong	5/24/2017 8:58:38 AM
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Jim Cramer *FANG's Chinese counterparts* The FANG stocks have done well in 2017. However, it's worth noting that their Chinese counterparts are doing even better. Chinese stocks like Alibaba (NYSE:BABA), Baidu (NASDAQ:BIDU), JD.com (NASDAQ:JD) and Weibo (NASDAQ:WB) are up on an average of 50% in 2017 with Weibo up 90%. Alibaba is like the eBay or Amazon of China, Baidu is the Google, JD.com is the Amazon and Weibo is the Twitter. The growth opportunities in these stocks are tremendous and they are maturing just like their US counterparts. Investors are ignoring the short-term weakness in these stocks for long-term gains. China has the largest internet population in the world and hence these stocks are growing. All these stocks though have growth, but are less reliable as they are not as transparent as US companies. These stocks have run up too fast which makes them dangerous. Alibaba is trading at 22 times earnings despite 60% revenue growth and hence that can be bought. However Cramer thinks the other stocks should not be touched or chased at current levels. seekingalpha.com

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