Two ETFs have a lot riding on earnings news from rivals Alibaba (BABA) and JD.com (JD) this week. Both exchange traded funds have the two Chinese Internet giants plus Tencent (TCEHY) -- which owns an 18% stake in JD.com -- among their top five holdings. Both also have smaller positions in Autohome (ATHM), an IBD Sector Leader. The car website operator fell 4% Wednesday despite a positive Q1 earnings report and Q2 outlook. These relatively new ETFs,
Wednesday 6 May 2015
Internet ETFs With Big Alibaba Stakes Await Earnings
Otmane El Rhazi from Investor's Business Daily - ETFs RSS.
Two ETFs have a lot riding on earnings news from rivals Alibaba (BABA) and JD.com (JD) this week. Both exchange traded funds have the two Chinese Internet giants plus Tencent (TCEHY) -- which owns an 18% stake in JD.com -- among their top five holdings. Both also have smaller positions in Autohome (ATHM), an IBD Sector Leader. The car website operator fell 4% Wednesday despite a positive Q1 earnings report and Q2 outlook. These relatively new ETFs,
Two ETFs have a lot riding on earnings news from rivals Alibaba (BABA) and JD.com (JD) this week. Both exchange traded funds have the two Chinese Internet giants plus Tencent (TCEHY) -- which owns an 18% stake in JD.com -- among their top five holdings. Both also have smaller positions in Autohome (ATHM), an IBD Sector Leader. The car website operator fell 4% Wednesday despite a positive Q1 earnings report and Q2 outlook. These relatively new ETFs,
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