|Bid||N/A x N/A|
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|Day's Range||40.65 - 41.04|
|52 Week Range||37.85 - 54.00|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||N/A|
|Expense Ratio (net)||N/A|
How Trump’s Steel Tariffs Could Play Out This Year(Continued from Prior Part)US steel companiesAs we discussed in the previous article, US steel stocks saw a selling spree last year, when there was a stark disconnect between steel companies’
The latest round of economic data from China showed the country's economy grew at just 6.6 percent last year, which marks the slowest pace seen since 1990. Is The Economy Contracting? Xiang Songzuo, a university professor in Beijing, estimated in December China's economy at most grew just 1.67 percent and left the possibility open that the economy even contracted. It's "brave" for Songzuo to claim the Chinese government added an extra 5 percentage points to its official economic growth numbers although his stance has been apparent for many years, Chang said.
What TSMC’s Guidance Could Mean for Semiconductor Investors(Continued from Prior Part)TSMC’s guidance reflects semiconductor industry slowdown Previously, we saw that TSMC (TSM) has reported strong fourth-quarter earnings but has given weak
Can Netflix Survive Near-Term Pressure on Subscriber Growth?Markets climbed on Friday The stock prices of some of the big tech stocks as well as the broader market indexes climbed on Friday amid positive signals related to a potential settlement of
The Next Warren Buffett Flashes a Warning Sign: Should You Care?Klarman weighs inBillionaire hedge fund manager Seth Klarman, whom some hail as the next Warren Buffett (BRK-B), has flashed a warning sign.In a letter to investors, Klarman
Second Brexit Referendum On The Table, Will Solve Everything, Maybe Politicians that once equivocated about supporting a second Brexit referendum are now supporting a second Brexit referendum, in a first-of-its-kind development of politicians changing their stances on issues. The import of a second referendum is that the first referendum didn’t take into account that British […] The post Market Morning: Breferendum II, US To Extradite Meng, Super Inflation Bowl, France Fines Google appeared first on Market Exclusive.
Is the Chinese Economy Getting Back on Track?Chinese economy On January 21, China released several economic data points including its fourth-quarter GDP. China’s economic data have been scrutinized for the last few months amid the country’s
Trump Takes Credit for China’s Slow Growth: 'Stop Playing Around'President Trump claims credit for China’s slow growth In a tweet on January 21, President Donald Trump claimed credit for China’s slow growth. He tweeted, “China posts slowest
Multilateral or Unilateral: What’s the Best Way to Counter China?China US President Donald Trump has taken a tough stance on the country’s massive trade deficit with China. The Trump administration went ahead with tariffs on Chinese goods
In an effort to restore its economic relationship with the U.S., China offered to ramp imports from the region by more than $1 trillion over the next six years, according to a Friday Bloomberg report. The rate would slowly reduce its trade surplus and completely eliminate the imbalance by 2024. The conciliatory offer, if true, is meant to appease U.S. officials aggravated by what they perceive to be an unfair trade arrangement.
Apple Updates: Verizon Deal, HomePod in China, and More(Continued from Prior Part)Apple launches three iPhone models Apple (AAPL) is reportedly releasing three iPhones this year. According to the Wall Street Journal, Apple’s three new models will
Apple Updates: Verizon Deal, HomePod in China, and More(Continued from Prior Part)Apple’s HomePod enters ChinaApple (AAPL) recently announced that it is debuting its smart speaker HomePod in China (FXI). Apple’s smart speaker will be available
Apple Updates: Verizon Deal, HomePod in China, and More(Continued from Prior Part)Apple freezes its hiring plan Apple (AAPL) has recently announced that it is cutting back on its hiring plan amid weakness in iPhone sales, as was pointed out by CEO
January BAML Survey: Fund Managers Bearish, but No Recession Yet(Continued from Prior Part)Trade war still investors’ top concernIn Bank of America Merrill Lynch’s January 2019 survey, trade war concerns remained the top tail risk cited by
What Q4 Semiconductor Earnings May Have in Store for Investors(Continued from Prior Part)Texas Instruments’ broad customer base Previously, we saw that TSMC is set to report strong revenue in the fourth quarter of 2018, but its first-quarter 2019
Asian markets were among the worst off in 2018 as trade tensions, U.S. interest rate hikes and China’s deleveraging policies sent investors running. However, now that the dust is settling, investors may ...
Stocks Mixed As Everyone Confused About China With nothing compellingly good or bad out about China today, US stock market indexes are mixed. The Dow is down after being up earlier, the S&P is flat, and the Nasdaq is slightly higher as of the early morning. China is reportedly cutting taxes and increasing spending, which […] The post Market Morning: China Buys Oil, Aurora Buys Whistler, Shutdown Hurts Airlines, Brexit Disaster Unfolding appeared first on Market Exclusive.
Could Auto Executives Make President Trump End the Trade War?The auto industryLast week, the S&P 500 Index (SPY), NASDAQ Composite Index, and Dow Jones inched up 2.5%, 3.5%, and 2.4%, respectively. The broader market started the third week of
China’s Trade Surplus Surges Higher under Trump’s Watch(Continued from Prior Part)ChinaChina (FXI) exported 5.56 million metric tons of steel in December, a yearly fall of 1.9%. However, exports rose 4.5% on a month-over-month basis. China’s
Why Autohome Is Down 13% TodayAutohome Chinese online automobile content provider Autohome’s (ATHM) stock is known to be highly volatile. In December, the stock fell 5% after surging 13.8% in the previous month. Nonetheless, it managed to end 2018 with solid 24.7% gains. Investors’ high expectations for the company’s growth potential due
Jim Cramer Suggests Nervous Investors Buy Gold Now ## Cramer suggests adding gold Mad Money host Jim Cramer is advising investors to invest in gold (IAU) if they’re concerned about the Fed’s interest rate policy and the trade conflict between the US (SPY) (IVV) and China (FXI). Cramer said, “If you’re looking for an insurance policy against volatility and economic uncertainty, gold is a great way to go.” He added, “While I like the stock market here, as you know, now that the Fed has decided to be more patient, the whole point of diversification is to be prepared in case something goes wrong … and your thesis doesn’t pan out.” Read Bulls versus Bears on Wall Street: Time to Buy Gold in 2019? for major analysts’ take on the gold price outlook in 2019. ## What should investors buy? However, Cramer doesn’t recommend buying the actual metal. Instead, he recommends direct exposure through the SPDR Gold Shares (GLD), which is the largest gold-backed ETF. He thinks that GLD and other gold mining ETFs (GDX) (NUGT) reduce risk and inconvenience. In addition to GLD, Cramer also recommends a high-quality gold producer like Barrick Gold (GOLD). Recently, Barrick Gold and Randgold Resources’ merger was finalized, which canceled Randgold’s London listing. ## Barrick-Randgold merger created a mining behemoth Regarding the Barrick Gold and Randgold Resources merger, Cramer likes the merged company. He said, “The company has the lowest total cash costs among its peers — I like that — [and] it has a nicely diversified portfolio of assets across the world — I love that.” Read Is Barrick Worth a Look after Its Merger with Randgold? for more details on the new company’s operating metrics and its outlook after the merger.
Copper's Diagnosis: How Severe Is China’s Slowdown? ## China’s slowdown China’s slowdown appears to be the biggest challenge for global markets. The country’s slowdown has been amplified by the trade war with the US (SPY). Several indicators, including automotive sales, have pointed to a deeper slowdown in the world’s second-largest economy. What do China’s copper imports tell us about its economy? China (FXI) doesn’t have enough copper reserves. However, China is the largest copper importer. The country’s copper imports are seen as a leading indicator of its copper demand and economic activity. ## Imports fell In December, China imported 429,000 metric tons of unwrought copper. The imports fell 4.7% YoY (year-over-year) and were also lower on a sequential basis. China’s unwrought copper imports have fallen on a yearly basis for two consecutive months. China’s copper ore and concentrate imports fell to 1.46 million metric tons in December from 1.7 million tons in November. The imports also fell 11.5% YoY. In December, the imports were at the lowest level since February. ## Analysis The fiscal 2018 picture looks strong. Unwrought copper and copper ore imports rose on a yearly basis. However, what we’ve seen over the last few months is a slowdown in China’s copper imports. So far, leading copper miners including Freeport-McMoRan (FCX) have maintained that the underlying demand from China has been strong. However, falling Chinese copper imports might persuade copper miners to tone down their expectations for China’s copper demand (BABA). Apple (AAPL) also lowered its revenue forecast due to the slowdown in China’s sales. Read Why China Might Need a New Economic Model Now for more analysis of China’s slowdown.
China’s central bank, the People’s Bank of China (or PBoC), announced on January 4, 2019, that it will cut the reserve requirement ratio (or RRR) of Chinese (FXI) banks by 50 basis points on January 15 and a further 50 basis points on January 25. To stimulate demand in the slowing economy, China’s central bank cut the RRR four times in 2019. Prior to the central bank’s decision to cut the RRR, China’s premier Li Keqiang has urged the central bank to cut the reserve requirements.
Concerns about China’s economy have been a major risk for global markets. Last week, Apple (AAPL) lowered its revenue forecast due to the slowdown in China. The economy grew at an annualized pace of 6.5% in the third quarter, which is the slowest expansion rate since 2009. On January 11, Reuters reported that “China plans to set a lower economic growth target of 6-6.5 percent in 2019.” Lower economic growth isn’t really a surprise.