Notice how they spin it. The headlines read that it is the first dip below 7 percent since 2009. It has been growing at more like 7.3 percent so really not much change. From the way the headlines are being spun you would think the Chinese economy was shrinking. Not so. It is still growing at a VERY rapid pace.
The Chinese government is targeting 7 percent growth. You can bet that if it's not 7 percent then it will be extremely close - and that is plenty fast enough to benefit companies like CMI.
You have to be forward-looking. The current environment has already been more than priced in at these levels. This is way below where it should be even with the global economy in a bit of a soft patch.
Earnings and revenues when they reported and smoked estimates - but they totally screwed up the way it was handled and put all the focus on user growth - not revenue growth. Then, saying that Dorsey would not be the guy and months later saying he is the guy was a total f up. The stock will inevitably go much higher as revenues and profits soar - but hopefully they learned something in the way this was handled and will do better with it moving forward.
This stock has been suffering since she basically said she would punish drug companies for trying to earn any profits. Her plan would screw this country in about a hundred different ways and is about as thought through as if a fifth grader had put it together.
She will not win - period - and if she somehow did then her plan is going nowhere. Politicians in both parties would have massive problems with the stupidity that she rolled out.