Tencent Holdings (
TCEHY - Free Report) is the giant Chinese Internet portal which provides mobile, telecom, entertainment, social media and financial services, and monetizes most of these with online advertising.
The stock has slipped to a Zacks #5 Rank because analysts took EPS estimates down for this year and next as trouble in China's economy begins to surface.
Here's a look at Tencent's amazing growth projections currently...
So why did it fall to the cellar of the Zacks Rank?
Because analysts lowered 2018 EPS projections 7% from $1.38 to $1.28 in the last 60 days.
And 2019 estimates were cut 10% from $1.85 to $1.65.
I like this company and its dominance in China Internet. But I like
Alibaba (
BABA - Free Report) better.
Both are $450 billion behemoths of Chinese consumer culture. So if I can only own one, I pick BABA.
We'll see if that changes after their report on Thursday.
Disclosure: I own BABA shares for the Zacks TAZR Trader portfolio.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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