13 Best Global Stocks to Buy Right Now

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4. PDD Holdings Inc. (NASDAQ:PDD)

Number of Hedge Fund Holders: 87

PDD Holdings Inc. (NASDAQ:PDD) is among the 13 Best Global Stocks to Buy Right Now. The multinational commerce group owns and operates a portfolio of businesses.

The Temu-owner reported a 10% year-over-year increase in revenue for the first quarter of fiscal 2025. However, net income declined 47%, driven by intense local competition and ongoing global trade uncertainties. MScience analyst Vinci Zhang said the bottom-line miss was a result of weaker-than-anticipated operating margin, likely impacted by U.S. tariffs.

Slowing domestic spending and a prolonged property crisis in China have also pressured PDD Holdings Inc. (NASDAQ:PDD)’s Pinduoduo, which generally tends to outperform competitors due to its low-price focus.

The Chinese e-commerce giant also made substantial investments in its platform ecosystem to support consumers and merchants. PDD Holdings Inc. (NASDAQ:PDD)’s Chairman and Co-CEO Lei Chen said that while these investments weighed on near-term profitability, they have strengthened the long-term health of the platform.

Despite the dip in profitability during the first quarter, the market sentiment on PDD Holdings Inc. (NASDAQ:PDD) remains bullish, with year-to-date returns of 22% as of the close of business on July 22. Wall Street analysts have a consensus Buy rating for the stock, with a one-year average price target of $127, representing a 10% upside potential.

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