PDD: Market Prices in Almost No Growth — A Tactical Long with Defined Risk
<p>PDD Holdings (PDD) trades at $83.81 with a market cap of roughly $119.3B and a forward P/E under 9. The stock has been punished after a sharp deceleration in revenue growth and margin compression, but underlying cash generation and a low bar for future results create a tactical long opportunity. This is a risk-defined trade: entry $84.00, stop $…