|Bid||0.00 x 36900|
|Ask||0.00 x 800|
|Day's Range||57.32 - 58.28|
|52 Week Range||57.32 - 76.72|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.62%|
While fund managers are bullish on US equities (SPY), there’s still no lack of concern in the market. In the BAML (Bank of America Merrill Lynch) August 2018 survey, for the fourth month in the last six, trade war concerns were cited as the top concern among global fund managers. A total of 57% of the fund managers surveyed cited trade war risk as what they considered to be the top tail risk.
With more than four months left in 2018, Alibaba (NYSE:BABA) investors aren’t having much fun with BABA stock, which is up less than 3% year to date through Aug. 9.15 Stocks to Buy Ahead of the Fall Season
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.
The release of China’s foreign exchange reserves, which unexpectedly rose in July, demonstrated that the world's second-largest economy can "take a blow." The benchmark Shanghai Composite index jumped 2.7% to 2,705.16, while the blue-chip CSI 300 index rose 2.9%. The iShares MSCI China Index Fund (MCHI) climbed 1.7% to $62.29. The rebound came after China’s foreign exchange reserves rose by $5.8 billion in July to $3.118 trillion, compared with an increase of $1.51 billion in June, according to central bank data.
Qualcomm (QCOM) is seeing weaker modem orders from Apple (AAPL), which is affecting its modem volumes. However, its QCT (Qualcomm CDMA Technology) business is benefiting from strong demand for its Snapdragon SoCs (system on chip) across various applications.
In the midst of escalating trade war tensions between China and the U.S., the economic health of each country seems to be going in the opposite direction. The U.S. has a robust economy, while China, on the other hand, has been showing signs of an economic slowdown.
Qualcomm’s (QCOM) CEO, Steven Mollenkopf, is reducing the uncertainty surrounding the company. On the company’s fiscal third-quarter earnings call, Mollenkopf provided clarity on the QTL (Qualcomm Technology Licensing) business, stating that the company’s licensing and patent dispute with Apple (AAPL) continues, while its other major customer, Huawei, is showing some signs of openness to negotiation. Mollenkopf added that Qualcomm has signed more than ten multiyear 5G (fifth-generation) multimode handset licensing agreements with OEMs (original equipment manufacturer), including China’s (MCHI) Xiaomi, indicating that the US-China trade war won’t affect its business in China. Qualcomm is in talks with more OEMs for 5G licensing agreements.
While the escalating trade war conflicts have affected China’s markets and country-specific ETFs, the Chinese government is not going to take it sitting down and has taken steps to hit its growth targets. ...
China stocks sank Thursday amid escalating trade war threats from President Trump, who is now eyeing 25% tariffs on $200 billion worth of Chinese goods.
Qualcomm (QCOM) walked away from its acquisition of NXP Semiconductors (NXPI) after it failed to secure approval from China’s (MCHI) SAMR (State Administration for Market Regulation). In an interview reported by the New York Times, NXP’s CEO, Richard Clemmer, expressed his disappointment with the SAMR, stating that Qualcomm and NXP had met all the government requirements.
On July 26, Qualcomm (QCOM) stock rose 7% while NXP Semiconductors (NXPI) stock fell 5.7% a day after the two companies announced the end of their 21-month merger talks and released their earnings for the June quarter. On its fiscal third-quarter earnings call, Qualcomm’s management stated that it was withdrawing from the NXP deal because it had not secured approval from China’s (MCHI) State Administration for Market Regulation. Qualcomm ended the uncertainty surrounding the deal by paying a $2 billion termination fee to NXP.
Brazilian stocks have been rallying as an improved political environment and that country's position as a potential beneficiary of a trade war has lured investors back to Latin American markets, many of which have plunged dramatically in recent months. Brazil's benchmark Bovespa Index jumped 12% during the past month while the iShares MSCI Brazil Index ETF (EWZ) has also risen by 12%. Emerging markets have been hammered by fears of escalating trade war with the US and China.
The China Manufacturing PMI for June showed an improvement in manufacturing activity. It was 51.5 in June compared to 51.9 in May. It didn’t meet the market expectation of 51.6.
How Was the First Half of 2018 for Qualcomm? If Qualcomm (QCOM) loses its chance to acquire NXP Semiconductors, its strategy to grow beyond smartphones into embedded and automotive could take the back seat, and it may be pressured to settle its licensing disputes with Apple. Amid these issues, Qualcomm has been continuing its efforts toward grabbing growth opportunities in the 5G (fifth-generation) technology space, where it is ahead of competitors.
What Should Investors Expect from Intel’s Q2 2018 Earnings? Intel (INTC) is improving its revenues by investing in core technologies that fit its data-centric business focused on AI, IoT (Internet of Things), and 5G. The company is accomplishing these goals while maintaining its operating expenses between $5.0 billion and $5.4 billion, which has improved its operational efficiency.
What Should Investors Expect from Intel’s Q2 2018 Earnings? Intel (INTC) is partnering with Chinese (MCHI) companies to tap the fast-growing markets of AI and 5G. Intel faces strong competition from NVIDIA (NVDA) and Qualcomm (QCOM) in these markets. NVIDIA’s GPUs (graphics processing units) are widely adopted by cloud companies for AI workloads. Qualcomm is leading the 5G space with several design wins for its 5G modems.
The 6.90% fall in the stock price was due to the ongoing tariff war between the US and China (MCHI), which is denting a lot of US tech stocks, including hardware and semiconductor companies. The recent $200 billion worth of tariffs on Chinese goods are expected to impact the US-based hardware market including key devices like Apple Watch, Fitbit trackers, and Sonos speakers. The trade tariff war could be a hurdle for smart speaker maker Sonos, which recently filed for an initial public offering to take on dominating players like Amazon (AMZN) and Alphabet’s (GOOGL) Google.
The US-China (MCHI) trade war started on July 6, when the countries both imposed tariffs on each other’s imports. On July 11, Donald Trump announced tariffs on another $200 billion in Chinese imports. China’s MOFCOM (Ministry of Commerce) threatened to resort to comprehensive measures such as increasing tax, canceling licenses and partnerships, slowing approval processes, and increasing regulatory scrutiny.
While fund managers are bullish on US equities (SPY), there is still no lack of concern. In the BAML (Bank of America Merrill Lynch) July 2018 survey, for the third month in the last five months, trade war concerns were cited as the top concern of global fund managers. A total of 60% of the fund managers surveyed cited the trade war risk as the top tail risk.
Chinese stocks have been slumping amid concerns about escalating trade tensions with the U.S. and a potential economic slowdown. When it comes to tariffs, markets appear to buy the story that the U.S. will emerge less bloodied from a trade war and that China will blink first, writes Yardeni Research strategist Ed Yardeni. U.S. stocks have been much more resilient than Chinese stocks, which have fallen about 15% over the last seven weeks.
A hawkish Federal Reserve and President Donald Trump’s trade aggression have knocked 9% off the iShares MSCI China exchange-traded fund in the past month. “But China remains enormously interesting, with businesses and industries being made and remade every day.” Washington is a decade late in launching economic war on Beijing, says Andy Rothman, investment strategist at fund manager Matthews Asia. “The impact of a trade war on the majority of listed Chinese companies will be quite modest, because China is not an export-driven economy,” he says.
The inclusion of Chinese A-Shares into the MSCI Emerging Markets Index at the beginning of June was intended to introduce Chinese companies with attractive valuations into the marketplace, but its impact has been lost in the crossfire of trade concerns with the United States. In the beginning of June, 234 Chinese companies were introduced into the MSCI Emerging Index, which would include A-shares--a mix of Chinese companies with a penchant for strong earnings per share growth potential. Analysts debated the impact this would have, but most would agree that it would introduce diversification into the emerging markets and investor ingress into this once hard-to-access marketplace would be easier.
China ETFs continue to feel the downward pressure of trade fears as three of the biggest based on total assets were down after the Asian markets faltered on Monday. As of 12:00 pm Eastern Time, iShares ...
President Trump’s imposition of tariffs on China (MCHI) and key allies has rattled the markets (DIA) across the globe. China is the largest holder of US Treasuries (TLT). In March and April, several foreign governments reduced their US debt holdings—including T-bills—by $47.6 billion.
Donald Trump added fuel to the trade war fire by announcing that the United States would extend 10% tariffs to $200 billion of Chinese (GXC) imports if China retaliates in response to Trump’s previously announced tariffs on $50 billion of Chinese imports. This announcement was a result of China (FXI) suggesting that it would match any US tariffs imposed on Chinese imports.