41.53 -0.14 (-0.34%)
After hours: 5:02PM EDT
|Bid||0.00 x 1200|
|Ask||0.00 x 4000|
|Day's Range||41.42 - 41.69|
|52 Week Range||40.04 - 54.00|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.74%|
While developing country stocks were falling toward a bear market, exchange traded fund investors were buying the dip. According to recent weekly data from EPFR Global, Turkey saw its highest weekly inflows ...
China country-specific exchange traded funds, led by technology focused strategies, were among the best performers Monday ahead of trade talks between the U.S. and China. On Monday, the technology-heavy PowerShares Golden Dragon China Portfolio (PGJ) rose 2.7% and KraneShares CSI China Internet Fund (KWEB) gained 2.2%. Traders were largely optimistic as a delegation led by China’s vice commerce minister, Wang Shouwen, is expected to conduct two days of trade talks in Washington beginning Wednesday, marking the first formal negotiations since Washington imposed tariffs on $50bn of Chinese imports, the Financial Times reports.
As Turkey contagion was unable to infect the capital markets thanks to an immunity injection of renewed talks between the United States and China to settle their trade differences, the Dow Jones Industrial ...
Chinese stocks have been pounded recently, dropping some 20% since early June. Chinese stocks will likely begin to head higher over the next month. At some point, large fund managers will begin to take note and trim out U.S stocks and look into Chinese stocks.
To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Thursday’s open to this week’s Wednesday close.
Shares of China-based internet companies bounce, as reports of a resumption in trade talks helped provide investors some relief from the recent stewing over macroeconomic and geopolitical concerns.
Tencent Holdings Stock: What Could Keep Driving It? In this part of the series, we’ll analyze significant events that have impacted Tencent Holdings (TCEHY) stock. The online gaming segment continues to remain a crucial segment for the company.
Tencent Holdings Stock: What Could Keep Driving It? The good news for Tencent is that the domestic gaming revenue in China (FXI) has been projected at $42 billion by 2022, according to gamesindustry.biz. China contributes 25% of the global gaming industry revenue, followed by the United States.
The companies reported weakness in memory WFE (wafer fab equipment) spending and acknowledged their exposure to the US-China trade war. Currently, the stocks are trading near or below their bearish target price. Cowen analyst Krish Sankar upgraded Applied Materials from $60 to $62. Sankar stated that investors have already priced in the memory weakness and lower revenue estimates from Display. The stock could increase from spending in the foundry and logic markets.
The price target for China-based e-commerce giant Alibaba Group Holding Ltd.'s stock (baba) was cut to $280 from $300 at Raymond James, due primarily to the recent weakness in the Chinese renminbi. The new price target is 65% above Wednesday's closing price of $169.83. Analyst Aaron Kessler reiterated his strong buy rating on Alibaba, saying the stock's recent weakness--down about 20% since mid-June while the Nasdaq Composite (comp) was little changed--was due primarily to macroeconomic concerns in China and currency moves, with the renminbi down about 9% versus the U.S. dollar since March-quarter results were reported.
Emerging markets have been ravaged by the bears. Among the hardest hit, Turkey's TUR ETF TUR has tanked 50 percent this year, China's FXI ETF FXI has tumbled 12 percent and Indonesia's EIDO ETF EIDO has plummeted 21 percent. The EEM emerging markets EEM ETF tipped into a bear market on Wednesday after falling more than 20 percent from its 52-week high set in January.
The US-China trade war has impacted semiconductor stocks. On July 10, President Trump announced the second round of tariffs on $200 billion worth of Chinese (FXI) imports effective August 30. The goods include semiconductor manufacturing and packaging equipment. SME (semiconductor manufacturing equipment) supplier stocks like Applied Materials (AMAT), Lam Research (LRCX), and KLA-Tencor (KLAC) fell more than 3% in one day.
MARKET PULSE Shares of JD.com Inc. (jd) sank 3.8% in premarket trade Thursday, after the China-based e-commerce company reported second-quarter earnings and revenue that missed expectations. The net loss from continuing operations was 2.
For several years, Chinese stocks symbolized the thinking person’s investment category. For instance, because of China’s massive population, Chinese is the most spoken language in the world. As I mentioned back in June, China’s population won’t peak until approximately 2030.
Prices broke below the cresting 200-day moving average line but market watchers have only recently become worried about the implications of potential economic weakness in China. In this daily bar chart of the FXI, below, we can see that prices for this ETF are below the declining 50-day moving average line and the 50-day crossed below the 200-day line in June for a bearish dead cross. The On-Balance-Volume (OBV) line was bullish from last August to early June but has since been in a decline telling us that sellers have been more aggressive.
MARKET PULSE Shares of Alibaba Group Holding Ltd. (baba) dropped 3% in afternoon trade Wednesday, to extend losses toward an 11-month low, amid continued weakness in Chinese markets on concerns over slowing economic growth, worries about the negative effect of Turkey's currency crisis on emerging markets and disappointing results from fellow China-based internet giant Tencent Holdings Ltd.
Applied Materials (AMAT) is witnessing the impact of the AI and big data era with strong growth in the cloud market. During its fiscal second-quarter earnings call, AMAT’s CEO, Gary Dickerson, stated that CSPs (cloud service providers) have significantly increased their capital investments. The top seven CSPs increased their capital spending by 40.0% YoY (year-over-year) in 2017 compared to 30.0% YoY in 2016.
As we noted in the previous part, several currencies including the Turkish lira, Iranian rial, and Indian rupee have fallen to all-time lows against the US dollar. Turkey’s leadership lashed out against the US after President Trump’s tweet led to more losses in the Turkish currency.
As you can see in the table below, market research firm IDC (International Data Corporation) has forecast that HP (HPQ) will ship 14.8 million PCs in the second quarter of 2018. The overall PC market returned to growth as shipments rose 2.4% and were the strongest since Q1 2012 when shipments rose 4.2% YoY (year-over-year). HP’s shipments have been projected to rise 7.6% YoY, easily beating the overall market growth.
The demand for gold in India (INDA) fell 7.0% in the second quarter, mainly due to stronger equity markets and higher gold prices measured in rupees. This event caused local gold prices to rise, even with the price decline measured in US dollars.
Europe’s (VGK) revenue contribution to Apple’s overall revenues grew from 22% in 2015 and 23% in 2016 to 24% in 2017. Greater China’s (FXI) revenue contribution has slowed down from 25% in 2015 to 22% in 2016 and 20% in 2017.
In this series, we’ll discuss three challenges that could continue to make Apple (AAPL) vulnerable: the company’s significant revenue exposure to non-American regions amid tariff woes Apple’s slipping position in the global smartphone market its next modem supplier for iPhones after Qualcomm (QCOM)
According to a DigiTimes report, Apple (AAPL) sold 32.11 million iPhone devices in China (FXI) during the first six months of 2018, landing it in third place in the country behind smartphone manufacturers Oppo (38 million units) and Vivo (35.5 million units). Overall smartphone shipments in China fell almost 18% YoY (year-over-year) to 196 million units, according to research company Sigmantell. By revenue, Apple was the leader with $25.24 billion in sales for the first six months of 2018.