JD - Snap Up These 3 Chinese Stocks Before the Next Evergrande-Inspired Sell-off
This week, China Evergrande Group (OTC: EGRN.F) became a household name for investors -- and not in a good way. The Chinese real estate giant set off a market panic on Monday on talk that a potential default on its $300 billion in debt could send ripples through the global economy.
By mid-week, those fears subsided somewhat, but China Evergrande is still very much a company on the brink. Investors given a fresh reminder of the risk that comes with buying into Chinese stocks are understandably hesitant about jumping in headfirst after Monday's scare.
China is going through a period of transition, and investors are right to be cautious. But there will almost certainly be a lot of winners who emerge from this uncertainty. Here's why these three Fools are backing NIO (NYSE: NIO) , JD.com (NASDAQ: JD) , and Baidu (NASDAQ: BIDU) as long-term survivors as the plot twists continue out of China.
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Snap Up These 3 Chinese Stocks Before the Next Evergrande-Inspired Sell-off