Vipshop Stock Is Finally Bouncing Back
Don't look now, but Vipshop Holdings (NYSE: VIPS) is heating up again. The Chinese online discounter of brand-name apparel was one of early Thursday's biggest winners, opening 17% higher after posting better-than-expected financial results.
There's a lot to like in Vipshop's second-quarter report, but the biggest takeaway is that the stock -- after shedding more than half of its value -- is showing signs of life. Vipshop stock is now up 35% so far in 2019. The shares are easily beating the market, a notable achievement since so many of the market's other Chinese growth stocks remain tucked away in the doghouse.
Image source: Vipshop Holdings.
Source Fool.com
