5 Best Depressed Stocks To Buy Now

2. JD.com, Inc. (NASDAQ:JD)

Number of Hedge Fund Holders: 64

Chinese tech giant JD.com, Inc. (NASDAQ:JD) ranks 2nd in our list of best depressed stocks to buy now. JD.com, Inc. (NASDAQ:JD)’s second quarter EPS came in at $0.74, beating estimates by $0.06. Revenue in the quarter jumped 7.6% year over year to $39.7 billion, surpassing estimates by $1.21 billion.

Baron Emerging Markets Fund made the following comment about JD.com, Inc. (NASDAQ:JD) in its first quarter 2023 investor letter:

JD.com, Inc. (NASDAQ:JD) is one of the three largest e-commerce platforms in China. Shares declined after the company reported a slowdown in fourth quarter sales and commented that deliberate culling of unprofitable SKUs would also be a drag on headline revenue growth in the first half of 2023. We believe the slowdown was driven by the peak in Chinese COVID lockdowns, which have since ended, and the elimination or reduction of unprofitable business is better for long-term margins and returns on capital. We remain investors.”