4 Chinese Tech Stocks to Buy in November

Although, there’s no certain winner, early indications are that Republicans will retain control of the Senate, and Joe Biden will win the election. As a result, the iShares China Large-Cap ETF (FXI) is up 3.6%. A new administration might lead to a reduction in tensions between the two countries. A divided government also means that actions tend to be more measured…

 The potential transition from Trump to Biden presents a fantastic opportunity to invest in China stocks. In particular, China tech stocks are quite intriguing. The sector was showing relative strength before the election.

Let’s take a closer look at four of the most attractive China tech stocks: Alibaba Group (BABA), JD.com (JD), Baidu (BIDU), and NIO (NIO).

Alibaba Group (BABA)BABA qualifies as a Chinese tech stock as it is an e-commerce giant. BABA makes it easy to buy products online. The company also provides cloud computing, logistics, and additional services to the ever-growing Chinese population. Investors should be salivating over BABA simply because the company’s divisions account for 50% of all web-based retail sales in the entire country.

Note that BABA is one of 5 stocks in the Reitmeister Total Return portfolio. Learn more here.

BABA has “A” grades in the Peer Grade, Industry Rank, Buy & Hold Grade, and Trade Grade POWR Rating components. More importantly, BABA is ranked above 114 other China stocks, taking the crown as the highest-ranked stock in the China industry.

The analysts are bullish on BABA, setting an average price target of $335.90, meaning the stock has the potential to increase more than 15%. BABA recently dipped from $317 to $290, creating an attractive buying opportunity. If you do not own BABA, now is the time to add it to your portfolio and hold the stock for years to come.

JD.com (JD)

JD.com might sound like a website tailored to law school students yet it is actually a Chinese direct sales business. The company’s website and mobile applications provide a wide selection of unique products ranging from digital offerings to car accessories, home appliances, luxury goods, furniture, food, cosmetics, and more. In short, JD sells just about everything.

JD has “A” POWR Ratings grades in the Industry Rank, Trade Grade, Peer Grade, and Buy & Hold Grade components. Out of 115 China stocks, JD is ranked second. Check out the average analyst price target for JD ($86.15) and you will find the stock has nearly 4% upside.

JD has thrived during the pandemic, delivering…

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