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PDD Holdings and Kohl's Have Been Highlighted as Zacks Bull and Bear of the Day

For Immediate Release Chicago, IL – June 17, 2024 – Zacks Equity Research shares PDD Holdings (NASDAQ: PDD) as the Bull of the Day and Kohl's (NYSE: KSS) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Exxon Mobil Corp. (NYSE: XOM), Chevron Corp. (NYSE: CVX) and BP plc (NYSE: BP). Here is a synopsis of all five stocks: Bull of the Day: Exxon Mobil Corporation is a well-rounded oil and gas titan that's gone on an Pinduoduo or Zacks Rank #1 (Strong Buy) stock. PDD Holdings is a Chinese e-commerce platform founded in 2015. Though PDD is much younger than its rivals like Alibabaor VIP Shop,PDD has gained significant popularity in a relatively short period, becoming one of the largest e-commerce companies in China. Temu, an Emerging E-Commerce Juggernaut Temu, PDD's e-commerce website, has put PDD on the map. Temu is an online marketplace and e-commerce platform that has garnered popularity for its extensive offering of affordable products. The e-commerce platform launched in September 2022 is available in both China and the United States. The Temu app gained a massive following and a quick foothold in the United States e-commerce market after PDD management boldly decided to purchase an expensive Super Bowl ad in 2023. Amazon vs. Temu Traditionally, Amazon has enjoyed a stranglehold on the U.S. e-commerce market and has dominated foreign and domestic. However, Temu has taken a unique approach and is catering to a growing niche. Rather than assuming customers would rather have their products shipped to them immediately, and for a slightly higher cost, Temu is catering to a small but rapidly growing segment of the market that is willing to wait for lower prices. Instead of sourcing products from several different intermediaries, Temu operates a marketplace model that connects buyers directly with sellers and ships cheap goods directly from China. Though the products take longer to ship than Amazon goods, for example, American e-commerce customers who have been squeezed by stubborn and rampant inflation are willing to wait longer to save money. Explosive Earnings Growth PDD is growing earnings faster than almost any public e-commerce company. Wall Street sees the rapid growth continuing and expects EPS growth of ~97% next quarter and EPS growth of 85% for the full year 2024. Bullish EPS Surprise History Though PDD's expectations are high, the company has illustrated that it can consistently beat Wall Street's expectations. Over the past four quarters, PDD has beat EPS expectations by an average of 45%. Relative Strength vs. Peers Relative price action is one of the most straightforward and powerful ...