Exness introduces two stocks to watch this week

Exness, the brokerage firm, highlights two stocks for the week:

NIO Limited (NIO):

• NIO’s share price closed nearly unchanged after a volatile quarter.
• The earnings report for December 2023 is due on Tuesday, March 5, with an expected EPS of $-0.51.
• The company has remained unprofitable since its inception, deterring investor trust.
• Negative net income increased by almost 10%, with a more than 50% rise in costs.
• JPMorgan downgraded NIO to “underweight” with a $5 per share target, signaling a bearish outlook.
• Technical analysis indicates a continuing downward trend, with support around $5.

JD.com, Inc. (JD):

• JD’s shares closed the last quarter neutral after volatility.
• Earnings report for December 2023 due Wednesday, March 6, with expected EPS of $0.56.
• The company has seen 5 consecutive months of increased net income.
• The current ratio is above 130%, showing financial stability.
• Dividend yield over 2.50%, attracting long-term investors.
• Technical analysis suggests resistance near $24.50, with caution due to overbought Stochastic levels and bearish trend indicators.

Remember, this is not investment advice. Past performance is not indicative of future results. Trade responsibly.