JD.com a new long at Hedgeye, pair trade with short Kuaishou Technology
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JD.com (NASDAQ:JD) was added as a new long idea at Hedgeye, while recommending a pair trade to short Kuaishou Technology (OTCPK:KUASF).
"We are recommending the pair trade because we are not fully comfortable with e-commerce this year," Hedgeye analyst Felix Wang wrote in a note on Thursday. "We believe investors are too optimistic on Kuaishou and too pessimistic on JD.com."

Kuaishou, the largest live stream platform and second-largest short video platform in China, was once one of China's hottest Internet stocks, but is now fading amid competition, according to Hedgeye.
Among the big 3 in China, Alibaba (BABA), JD (JD) and PDD Holdings (PDD), revenue expectations for JD are the lowest by a wide margin, according to Hedgeye.
"JD has the highest upside," Wang wrote. "A lot of growth & margin deceleration concerns on JD are priced in."
JD.com (JD) last Thursday report Q1 results that handily topped expectations and unveiled management changes.