PDD Holdings stock price has done well this year, helped by the ongoing optimism about China and its strong revenue growth. It has jumped by over 26% this year, giving it a market cap of over $170 billion and making it the 11th biggest company in China. It is the fourth-biggest tech firm in the country after Tencent, Alibaba, and Xiaomi. 

PDD is benefiting from China’s recovery

There are signs that the Chinese economy has bottomed, helped by the stimulus measures implemented by Beijing.

Recent data showed that China’s manufacturing and services PMIs have constantly remained above 50, a sign that they are expanding.

A report by the statistics agency showed that China’s economy hit its 5% target in 2024 as it surged by 5.4% a year earlier. Beijing has set a target to grow the economy by another 5% this year. 

One approach that Xi Jinping is using is leaning on the technology sector to drive growth. Earlier this year, he held a meeting with tech leaders, including Jack Ma, the founder of Alibaba.

Wall Street analysts have taken note of this. Just this week, analysts at HSBC downgraded American stocks and recommended that investors should instead invest in China, where authorities are focused on growth.

Chinese tech companies have responded well. Alibaba stock price has soared, while the Hang Seng Tech index has soared. 

Temu parent company is doing well

PDD Holdings, which owns brands like Pinduoduo and Temu, has become one of the best-performing companies in China in terms of revenue growth and profitability. 

Its annual revenue has jumped from over $4.3 billion in 2019 to over $34 billion in 2023. Its trailing twelve-month revenue soared to over $53 billion, helped by Temu, the viral shoppin platform. 

The most recent financial results showed that its revenue jumped by 44% in Q3 to $14.1 billion. This growth led to a 46% increase in its operating profit to $3.46 billion and a 61% increase in profit to $3.5 billion. Still, despite this growth, the management warned that it was facing intense competition and macro challenges. 

PDD earnings ahead

The next key catalyst for the PDD Holdings stock price is its earnings, which will come out on Thursday next week. 

Wall Street analysts believe that PDD’s revenue will come in at 115 billion CNY, a 30% increase from Q4 ’23. This revenue growth will lead to an annual figure of 398 billion CNY, a 60% from 2023. They expect that its annual revenue will get to $497.7 billion.

PDD has one of the strongest balance sheets, with over $43 billion in cash, no inventory, and just $737 million in debt.

The main risk that PDD Holdings faces is that Temu’s future is uncertain since other similar attempts to offer a similar solution have failed. There are signs that Temu’s business is slowing. Data by SimilarWeb shows that the total visits in February dropped by 8% to 990 million. 

PDD Holdings stock price analysis

PDD chart by TradingView

The weekly chart shows that the PDD share price has remained in a tight range in the past few months. Connecting its highest swings since February 2021 and its lowest points since March 2022 shows that it has formed a symmetrical triangle pattern. 

The PDD stock price is consolidating at the 50-week and 25-week Exponential Moving Averages (EMA). Also, the MACD and the Relative Strength Index (RSI) indicators have all pointed upwards. 

The two lines of the triangle pattern are nearing their convergence point. Therefore, there is a likelihood that the stock will make a big move ahead. While it is still too early to predict, chances are that the PDD share price will have a strong bullish breakout. Such a move would see it rise to $165, the highest swing in 2024, which is about 35% above the current level.

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American stocks ended the week strongly, with the Dow Jones, S&P 500, and Nasdaq 100 indices rising by 675, 117, and 450 points, respectively. This rebound capped a highly volatile week in which the VIX index jumped to almost $23, the highest level in months. 

The Federal Reserve will drive the stock market, which will deliver its interest rate decision. Analysts expect the bank to leave interest rates unchanged between 4.25% and 4.50% in this meeting and point to more cuts later this year.

The bank is concerned about a recession now that Donald Trump has embarked on an aggressive tariff strategy that may sink the US economy into a recession. Tariff news will continue to dominate the market.

Top stocks to watch next week

Traders will continue to watch a few companies that will publish their financial results. The most notable ones will be firms like Carnival, Intuitive Machines (LUNR), FedEx (FDX), Accenture (ACN), Zeekr (ZK), and Nio. Other stocks to watch will be Micron, Lennar, General Mills, Sportradar, Five Below, and FactSet. Let’s explore some of these stocks.

Nike (NKE)

Nike stock price will be in the spotlight next week as the company publishes its financial results that will cap one of its worst years. Its stock has crashed by over 12% this year, and is hovering at its lowest level since February. 

Analysts expect the results to show that Nike’s revenue dropped by 11.3% in the fourth quarter to $11 billion. They also expect its forward guidance to point to a 10.4% annual decline to $46 billion.

Nike is working on a turnaround strategy as its business faces substantial risks, including competition. It is also rebuilding its relationships with retailers like FootLocker in a bid to boost its sales. 

Intuitive Machines (LUNR)

Intuitive Machines share price has crashed by over 70% from its highest level this year, erasing most of the gains made in 2023. LUNR shares crashed after the company landed its Athena spacecraft on the lunar surface. The challenge is that the spacecraft tipped. It was the second failed mission by the company. 

Therefore, the upcoming Intuitive Machines earnings will give investors more information about the company and the losses involved. Analysts expect the data to show that LUNR’s revenues rose by 82.5% to $55.7 million last quarter.

Carnival (CCL)

Carnival stock price has suffered a harsh reversal in the past few weeks, erasing some of the gains made in 2024. Other companies in the cruise industry, like Norwegian and Royal Caribbean, have also plunged.

Carnival share price will be in focus as it publishes its financial results. Analysts anticipate the data to show that revenue rose by 6.2% to $5.7 billion, while its earnings per share (EPS) moved to 0.02 cents.

Carnival and other companies are benefiting from strong demand that have led to substantial orders. Most importantly, it is seeing strong demand from young people. 

Nio (NIO) and Zeekr (ZK) Intelligent Technology

Chinese EV stocks have continued doing well this year and are beating Tesla. Some of these EV companies that will publish their earnings next week are Nio, Zeekr Intelligent, and XPeng. Their numbers will provide more color on their growth and what to expect this year. 

Zeekr stock price has jumped by over 139% from its lowest point in 2024 and is now hovering near its all-time high. Analysts expect the numbers to show that its revenue jumped to 23 billion yuan. It delivered over 222,123 vehicles in 2024, and the management hopes to sell 320k this year.

XPeng stock price has soared by over 270% from its 2024 lows as its deliveries jumped. Nio, on the other hand, is stuck in a tight range. Therefore, their earnings next week will help to determine their price action. 

Other notable stocks: Accenture, FedEx

The other notable stocks to watch will be Accenture and FedEx. Accenture, a top IT consulting company,, will be in focus as its numbers will provide more color on artificial intelligence spending. FedEx will also show more details about the American economy as the tariff crisis continues.

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The USD/BRL exchange rate has retreated in the past few months as the US dollar has crashed and the Brazilian central bank has maintained its hawkish tone. The pair retreated from the year-to-date high of 6.3365 in December last year to the current 5.78. So, what is the USDBRL forecast ahead of the upcoming Fed and Brazil interest rate decision?

Brazil central bank decision

The USD/BRL pair has retreated in the past few months after the Brazilian central bank embarked on a rate hiking phase. It hiked rates to 13.35% in the last monetary policy meeting, the highest level since 2023. It has hiked rates in the last five consecutive meetings. 

The central bank meets this week, and analysts anticipate it will continue with the trend in this meeting. It may hike rates by 13.75% to track the highest level during the COVID-19 pandemic. 

The Brazilian central bank has hiked rates because of the elevated inflation rate. Data released this month showed that the headline Consumer Price Index (CPI) rose from 4.56% in January to 5.0% in February. It has risen from last year’s low of 3.69%.

Interest rate hikes help to slow a country’s inflation rate by reducing spending and encouraging savings in the local currency. 

Read more: USD/BRL forms a shooting star pattern as Brazilian real rebounds

Brazil to benefit from US-China trade war

The USD/BRL exchange rate has crashed in the past few months as the country is set to become a key beneficiary of the ongoing trade war between China and the USA.

Donald Trump has implemented large tariffs against Chinese imports, pressuring Beijing to retaliate. China has retaliated by imposing large tariffs on US goods, especially in the agricultural sector where Brazil excels. 

Therefore, China will likely boost Brazilian imports such as soybeans and corn in the next few years. The onus will be on Brazil to boost production of these products. 

Historically, Brazilian corn and soybeans have been cheaper than those from the United States because of the low production cost. This trend will likely continue in the coming months as tariffs on US corn and soy rise. 

Federal Reserve decision

The USD/BRL exchange rate will also react to the upcoming Federal Reserve interest rate decision scheduled for Wednesday this week.

Economists believe that the Fed will leave interest rates intact as it signaled in the last meeting. The bank will then point to at least three more interest rate cuts later this year because of the risks the US finds itself in. 

Donald Trump has risked the US having a self-inflicted recession by adding tariffs on imported goods from other countries. 

Brazil may be spared from most of these tariffs because the US is expected to move to a trade surplus with the country.

USD/BRL technical analysis

USDBRL chart by TradingView

The daily chart shows that the USD to BRL exchange rate has been in a strong downtrend in the past few months. It dropped from a high of 6.3128 in December to 5.7452 today.

The pair has moved below the 23.6% Fibonacci Retracement level at 5.9327. It also retreated below the 50-day and 100-day Exponential Moving Averages (EMA), and is hovering at the 38.2% retracement level.

The Relative Strength Index (RSI) has moved below the neutral point at 50. Therefore, the pair will likely continue falling as sellers target the next point at 5.50, the 50% retracement level. A move above the resistance level at 5.7 will invalidate the bullish outlook.

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The crypto market today held steady as investors remained optimistic that the worst is now behind us. This hope rose after stocks and crypto prices surged on Friday, with the top three US indices like the Dow Jones, Nasdaq 100, and S&P 500 rising by over 1.5%. 

The challenge, however, is that the crypto fear and greed index remains in the fear zone of 21. Also, there are signs that Bitcoin has remained stubbornly below the key resistance level at $85,000. Let’s explore some of the top movers in crypto like PancakeSwap (CAKE), Mantle (MNT), Mantra (OM), Ripple (XRP), and Hedera Hashgraph (HBAR).

CAKE rises as PancakeSwap volume jumps

The CAKE price rose by over 10% in the last 24 hours, moving from this week’s low of 1.3953 to a high of 1.8500. This rebound happened as third-party data showed that it was the most active decentralized exchange (DEX) in the BSC Chain.

It handled about $1.15 billion in the last 24 hours, bringing the weekly total to $7.9 billion. Its volume was much higher than other DEX networks in the BSC network like THENA, Dodo, and Pendle. 

Mantle price rises as investors buy the dip

The Mantle (MNT) coin price has risen in the past few days. It jumped from a low of $0.6610 on March 9 to a high of $0.80, its highest level since February 25.

There was no clear catalyst for the Mantle price rise, meaning that it happened as investors bought the dip. Mantle is gearing to a relatively strong year as the developers focus on key six parts, including the enhanced index fund, Mantle Banking, MantleX, mETH protocol, and ignition FBTC.

Mantra price stabilizes

Mantra was one of the best-performing coins in the last few years as it moved from below zero to almost $10 this year. It has retreated by almost 30% from its highest level this year. 

Mantra price was trading at $6.56 on Sunday as it attempted to bounce back and retest its all-time high. The key catalyst for the OM price is the upcoming OM GenDrop that will reward core members of the community. As part of this airdrop, the network has worked to eliminate potential accounts that fraudulently registered for the airdrop. 

Technicals suggest that the Mantra price will likely resume the uptrend and retest its all-time high later this year.

Meanwhile, XRP and HBAR prices were some of the top laggards in the crypto market today as they dropped by about 2% on Sunday. Other top laggards were coins like Story (IP), Kaspa, AAVE, and Stellar. These losses were relatively small as they averaged less than 2%.

Federal Reserve decision and tariff news

The next catalyst for these crypto prices will be Donald Trump’s actions, who has embarked on a strategy to push the US into a self-inflicted recession. He has added tariffs on imported goods from countries like China, Canada, and Mexico.

These tariffs have led to a stock market crash, impacting other assets like cryptocurrencies. On the positive side, there are signs that these assets have now priced in the tariffs, which explains why the key indices like the Dow Jones and Nasdaq 100 rose. 

The upcoming Federal Reserve interest rate decision is the other important crypto catalyst. Bitcoin and other coins will likely do well if the central bank embraces a more dovish tone in this meeting. Odds are that it will signal that it will deliver more rate cuts later this year if the US sinks into a recession.

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