The "three stocks to avoid" in my column that I thought were going to lose to the market last week -- Coinbase, Baozun, and AeroVironment -- fell 16%, rose 14%, and tumbled 11%, respectively, averaging out to a hearty 4.3% decline. Lennar is a leading property developer of residential properties in the popular Sun Belt. As a major developer, Lennar has ways to make financing easier on its customers, but it can't compete with the cascading prices of inflated resale properties.
Chinese stocks were on the move again as reopening hopes lit a fire under these beaten-down stocks. Baozun and Kanzhun also reported earnings.
Good morning, ladies and gentlemen, and thank you for standing by for the Baozun's third-quarter 2022 earnings conference call. Mr. Qiu will review the business operations and company highlights, followed by Mr. Yu, who will discuss financials and key operating metrics.