Michael Burry Buys China Stocks While Shorting Nasdaq: These ETFs Capture His Bet
Michael Burry buys BYD, JD.com and Tencent while shorting Nasdaq. 3 China ETFs offer exposure to his latest market bets.
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Nike is giving its China team more control over products and distribution as it battles local rivals and falling sales.
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Michael Burry buys BYD, JD.com and Tencent while shorting Nasdaq. 3 China ETFs offer exposure to his latest market bets.
Barclays analyst Jiong Shao maintains JD.com (NASDAQ:JD) with a Overweight and lowers the price target from $41 to $38.
B of A Securities analyst Joyce Ju maintains JD.com (NASDAQ:JD) with a Buy and lowers the price target from $38 to $37.
Nike's stock has plummeted over 50% as CEO Elliott Hill's turnaround strategy has failed to reverse declining sales, particularly in China where revenue dropped 26% year-over-year. With only 26% of analysts rating it a buy and competitors like On Holding and Deckers Outdoor gaining market share with stronger margins, the article suggests waiting for the new Pace cost-cutting plan to show results before investing, rather than buying into the current pessimism.
NKE, FMC, AA, IBKR, KMB were among the stocks seen trending on Thursday, Oct. 15, 2026.
Nike stock rose 5.3% as investors rotated from high-priced tech stocks to value plays in consumer discretionary sectors. The gain was part of a broader market shift rather than company-specific news. While Nike offers a 4.6% dividend yield and remains the biggest sports brand, the company continues to struggle with flat or declining revenue growth over the past three years, requiring faith in CEO Elliott Hill's turnaround efforts.