NEW YORK (TheStreet) -- Shares of JD.com (JD) - Get Report are climbing higher by 1.57% to $24.63 in mid-morning trading on Tuesday, as some U.S. traded China-based stocks get a boost from the rally in the Asian nation's market today.
China stocks soared on Tuesday in the biggest one-day gain in about three months due to speculation that MSCI, a global index provider, will be including many stocks in the benchmark, Bloomberg reports.
The Shanghai Composite index closed up by 3.3% on Tuesday, the Shenzhen Composite grew by 4.1%, and the ChiNext Index, which is focused on startups, gained by 3.3%.
Market sentiment was upped as Goldman Sachs raised the likelihood of the stocks' inclusion to 70% from 50%, Bloomberg adds. MSCI is expected to make a decision in mid-June.
JD.com is a Beijing-based online direct sales company that is engaged in the sale of electronics, home appliances, and general merchandise.
Separately, TheStreet Ratings has set a "hold" rating and a score of C- on JD.com stock.
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.
You can view the full analysis from the report here: JD