Diamonds and Dogs
JD.com (JD) fighting to stay positive for the day. The Chinese e-commerce giant is modestly positive after announcing a $1 billion share buyback program along with discussion to separate into three divisions. Not a good year for the company as the trade tariffs have hurt the Chinese economy along with potential of sexual-assault charges against the company's chief executive. 2019 should be a better year for JD.com and the International markets.
Nvidia (NVDA) down again. The graphic chip maker is down 5% today not far from a 52 week low on an analyst downgrade. RBC Capital lowered its price target on the graphics chip maker's stock to $200 per share from $230, but maintains an "outperform." The analyst said the ASPs chips have decreased over the past month, which he thinks is due to additional secondary market sales. Many of these chips were used for gaming purposes or crypto currency mining. The analyst also mentioned the recent weakness does not impact the long-term story. Good news because the stock is down over 50% in the last three months.