10 Stocks Jump on Impressive Earnings, Bullish Outlooks

8. PDD Holdings Inc. (NASDAQ:PDD)

PDD Holdings, the parent company of e-commerce operator Temu, grew by 8.37 percent on Tuesday to end at $114.05 each as investors resorted to bargain-hunting following the company’s slump on Monday.

According to analysts, investor sentiment on Tuesday may have been buoyed by China’s retaliation of tariffs on US goods to strengthen its position amid the ongoing trade war.

Prior to the trade tensions, Temu and Shein had already been enjoying what is called the “de minimis” exemption—a Latin term that means “too small to matter.” This lets packages worth less than $800 be brought to the US without any customs fees.

The de minimis exemption has become a big advantage for both Chinese e-commerce giants as it helped them sell products such as clothes, furniture, electronics, and home decor at very low prices as they try to expand in the US.