Will You Follow Major Trend or Bet on an Underdog Comeback?
@Tiger_comments:
This Wednesday, $MEITUAN-W(03690)$ released its latest earnings report. Profit pressure led to a sharp plunge in its stock price. Just one day later, $Alibaba(BABA)$ reported earnings — and the highlight was its “Taobao Flash Sale” instant retail service, which reached 80 million daily orders with peaks hitting 120 million orders.That 80M number caught the market’s attention — it was exactly Meituan’s average daily orders before the food delivery wars.Meituan stock plunged 12% on earnings day.Alibaba stock surged 12% the very next day.At the earnings call, Meituan CEO Wang Xing said:“In a big competition, being the underdog is the most exciting position to be in. That’s why this is so thrilling.”But the