VIPS benifitting from Strong group
VIPS is in the internet services space, the same as Alibaba, that is seeing solid earnings estimate revision activity. When a group starts to move, it raises the level of all the stocks in the group. VIPS is also doing well on it's own and is a top stock within the group.
The current quarter estimates have risen from 55 cents a share to 60 cents a share, while current year estimates have risen from $2.36 per share to $2.57 per share. VIPS has a Zach's rank 1 (strong buy). Now is a good time to buy as it is currently on a dip.
The current quarter estimates have risen from 55 cents a share to 60 cents a share, while current year estimates have risen from $2.36 per share to $2.57 per share. VIPS has a Zach's rank 1 (strong buy). Now is a good time to buy as it is currently on a dip.
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