RBC Capital Markets has lowered profit forecasts for H&M and JD Sports due to weak consumer demand in Germany, where high living costs are causing shoppers to be more selective and deal-focused. H&M's earnings per share forecasts were cut by 2-3% for 2026 and 2027, while JD Sports saw a 6% reduction for 2027 and 2028 following softer US footwear sales and weak German store performance. The trend towards online shopping in Germany benefits retailers like Next and Zalando, while JD Sports plans to close about 40% of its German stores as the market favors single-brand retailers over multi-brand stores.
On August 27, 2026, major Chinese internet stocks diverged sharply: Alibaba, PDD Holdings, and JD.com fell between 1% to 4%, while Baidu, focused on AI and cloud services, rose 4%. This split reflects a rotation in investor interest favoring AI expos...
Michael Burry is positioned against Nvidia ahead of its fiscal Q2 2027 earnings report, reflecting skepticism on the AI hype despite Nvidia's strong market valuation and growth. Meanwhile, Burry is increasing his stake in Lululemon, a stock that has ...
Investor Michael Burry has fully exited his Alibaba shares and significantly increased his position in JD.com, transferring his entire Alibaba holding before Alibaba's $10.2 billion fundraising for AI expansion. Initially planning to return to Alibab...
Alibaba's shares fell 8% in Hong Kong following a $10.3 billion equity placement priced at an 8.4% discount to its previous close, aimed at funding AI infrastructure expansion. Investor Michael Burry sold Alibaba shares for JD.com, citing concerns ov...
