|Bid||39.06 x 3000|
|Ask||39.07 x 34100|
|Day's Range||39.02 - 39.21|
|52 Week Range||37.66 - 45.96|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.28|
|Expense Ratio (net)||0.74%|
On CNBC's "Fast Money Halftime Report," Jon Najarian said he saw unusually high options activity in the Nov. $39 calls in iShares FTSE/Xinhua China 25 Index (NYSE: FXI ). Almost 16,000 contracts ...
As U.S.-China trade negotiations broke down, the taste for China exchange-traded funds (ETFs) may have soured along the way, but that may soon change as the United States Trade Representative (USTR) office said on Tuesday that new tariffs on certain consumer items would be delayed until Dec. 15. In addition, other products were being removed from the new China tariff list altogether. “On May 17, 2019, USTR published a list of products imported from China that would be potentially subject to an additional 10 percent tariff.
China's Customs Tariff Commission of the State Council said in an online post the government feels "severely violated" by Trump's tariff escalation as it is not consistent with an agreement reached during the G-20 summit, CNBC wrote. Trump wrote in a Tweet Wednesday China President Xi Jinping is a "great leader who very much has the respect of his people." He followed up that his Chinese counterpart likely wants to "quickly and humanely" reach a solution to the escalation of tensions and riots in Hong Kong.
Chinese telecom equipment giant Huawei is at the epicenter of a new wrinkle in the trade war. Let’s look at last week’s developments related to Huawei.
In the second quarter, the Chinese economy expanded at the slowest pace in 27 years. On Wednesday, China released a series of weak economic data points.
For the second straight day, ongoing protests in Hong Kong have disrupted flights at Hong Kong International Airport. What Happened? A mass of pro-democracy protesters crowded the Hong Kong airport over the weekend, forcing the airport to cancel all of its departing flights on Monday and Tuesday.
On multiple occasions, Trump has said the US economy is doing phenomenally well, calling it “the greatest economy in the HISTORY of America.”
The game of high stakes poker in the form of trade negotiations between the U.S. and China could reach unforeseen heights. In fact, China could be more willing to face the pangs of an economic downturn rather than give in to U.S. President Donald Trump and his trade demands, according to some analysts. It’s part of a strategy where China is willing to accept the attrition of hurting domestic businesses to hold out for a more favorable trade deal.
U.S. President Donald Trump's tweeting may have just paved the way for investors to purchase China-focused exchange-traded funds (ETFs) at a relative discount. China dropped the price of their currency to an almost a historic low. It’s called “currency manipulation.” Are you listening Federal Reserve?
The Chinese yuan fell more on Thursday. President Trump sees the Chinese yuan’s depreciation as a ploy to gain an unfair trade advantage.
A major part of China’s response to the latest tariff threats by President Donald Trump was to reduce the value of its currency to its lowest level relative to the dollar of the past decade. Markets have been reeling over the past week due to the ramping of the trade war between the U.S. and China. While much of the focus has been on the tariffs, here’s a look at the impact a devalued yuan could have on the U.S. and Chinese economies.
Bloomberg reported China has halted all purchases of U.S. agricultural products. The retaliation from China comes after Trump threatened last week to once again ramp up his trade war with China by implementing a 10% tariff on an additional $300 billion of Chinese goods starting on Sept. 1.
President Trump is back with another threat of tariffs on Chinese imports just a month after the US and China agreed to resume trade talks.
Alibaba (NYSE:BABA) stock is still trying to recover from the correction that started in early May. Back then BABA stock spiked and looked like it was headed above $200 only to fail in a giant reversal that took it all the way down to $148 per share.Source: Shutterstock Year-to-date Alibaba stock is up almost 30% and about 10 points better than the S&P 500. It is important to note that this is five times better than the iShares China Large-Cap ETF (NYSEARCA:FXI). Baidu (NASDAQ:BIDU) is down 27% for the same period. Clearly, BABA is leading the pack of Chinese stocks.Now BABA stock sits smack dab in the middle of that range. The action now has tightened into a point, so there will soon be a big move. But the direction is not yet clear, and therein lies the opportunity.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 Small-Cap Stocks to Buy Before They Grow Up If I own Alibaba shares for the long term then I would stay with it. But if I'm looking to trade it for the shorter term then there are clear levels to chase in either direction. But first let's look at the fundamentals. Alibaba Stock Has the Value to Support $15 Rally SoonBABA stock was once dubbed the Amazon of China, but the similarities end with that label. Unlike Amazon, BABA is more unilateral in its efforts. However its fundamentals are solid for its own right. Meaning the stock is not bloated given the performance that it has been delivering over the years.So this is a proven management team and they deserve the benefit of the doubt. So from the trading perspective, as long as BABA stock is holding above $171 per share I favor the upside breakout more so then a break down.Moreover, if the bulls can breakthrough $180 per share, they could invite more momentum buyers to rekindle the rally and recover the level they lost back in early May.This week, the news from the negotiations between the U.S. and China soured, so this put downside pressure on all Chinese stocks. But today, the Federal reserve could cause a market-wide move based on what they do with rate cuts and what they say about policy going forward. Political Rhetoric Holding BABA Stock BackSo Alibaba stock could go for a ride from outside factors. But for as long at it continues to set higher lows while it attacks the $180 per share neckline, I favor an imminent breakout for at least $10 from there.For those who prefer using options, the easier trade would be to sell downside puts into what others fear and generate income out of thin air. For example, I can sell the January BABA $125 put and collect $1.20. This way I won't even need a rally this year to win. As long as BABA stock stays above my level then I win 100%. Otherwise, I own the shares and would suffer losses below $123.80 per share.It is important to note that the S&P 500 is still near all-time highs, so all bullish trades at these altitudes are risky. So it is important that I leave room for error. Meaning I don't take full positions all at once so I can add to them if markets correct a little.Market experts in the media are focused too much on when and how much the Fed will cut rates. They are missing the point, because what matters most is that the Fed will cut rates if we need it. * The 10 Best Stocks to Invest in for August In essence, the Fed's willingness to cut rates means that there is a net below us on Wall Street. This dovish posture, while it cannot completely eliminate the possibility of a dip, gives traders the courage to buy stocks if and when they correct.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. Join his live chat room free here. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With Over 20% Upside From Current Levels * The 10 Best Stocks to Invest in for August * 6 Upcoming IPOs for August The post Alibaba Stock Rally Still Has $15 To Go appeared first on InvestorPlace.