2 Retail Stocks That Could Outperform Amazon in 2024
This year has been a strong one for online retail giant Amazon, whose shares are up an impressive 75%. But a repeat performance may be unlikely next year, especially as concerns about the economy haven't exactly disappeared. One market that has been hot of late is China, and there are two Chinese retail stocks that may outperform Amazon next year: PDD Holdings (NASDAQ: PDD) and JD.com (NASDAQ: JD)
Plus, the Chinese economy could be looking up. According to estimates from the Federal Reserve Bank of Atlanta, the U.S. economy is growing at a rate of 2.1% rate. Concerns of a recession next year suggest a slowdown in the months ahead. China's economy could see a slowdown as well, but the International Monetary Fund projects that its gross domestic product may still grow at a 4.6% rate next year.
Here's a closer look at these two businesses and why they may be worth investing in right now.
Source Fool.com
