|Bid||66.62 x 1500|
|Ask||66.63 x 300|
|Day's Range||66.28 - 66.99|
|52 Week Range||50.21 - 76.72|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.62%|
Though Ericsson (ERIC) posted better-than-expected earnings in the first quarter of 2018, the telecom equipment giant missed revenue expectations. Ericsson’s revenues of $5.14 billion in 1Q18 not only declined from its 1Q17 revenue of $5.66 billion but also missed Wall Street expectations. Analysts expected Ericsson to report revenues of $5.36 billion for 1Q18.
China's economic expansion continues on the back of strong consumer spending. However, growth is expected to slow down in the coming months.
China's CPI and PPI data show signs of economic weakness. Moreover, risks of a trade war with the United States might intensify pressure.
In the previous article, we learned that Advanced Micro Devices (AMD) stock didn’t recover from the recent stock market sell-off because Susquehanna analyst Christopher Rolland had downgraded it. One example of this was visible on April 3, 2018, when Bitmain, a Chinese (MCHI) specialized ASIC (application-specific integrated circuit) manufacturer, announced its new Antminer E3 ASIC designed for Ethereum mining. This announcement sent AMD stock down 5% in just one day, as AMD’s GPUs (graphics processing unit) are preferred by Ethereum miners for mining purposes.
The global wearables market has been on an upward trajectory in both the fourth quarter and full-year 2017 with total shipment volumes reaching 37.9 million units in 4Q17 and 115.4 million units in 2017, as per IDC. Moreover, Apple (AAPL) became the biggest shipper of wearables in both the quarter and the year, owing to the surge in smartwatch shipment volumes. According to data from the International Data Corporation (or IDC), Apple moved past competitors Fitbit (FIT), Garmin (GRMN), and China’s (MCHI) (FXI) Xiaomi, and Huawei.
Will New Tariffs Push China to React? In its arsenal to counter Trump’s aggressive tariffs, China could resort to the devaluation of its currency (CYB) against the US dollar (UUP) as one of its possibilities. Devaluing its currency (CNY) would partially offset the impact of tariffs, as US consumers would be paying less in US dollars to buy Chinese imports.
Will New Tariffs Push China to React? The first week of April proved to be a roller coaster ride for the markets. Markets began and closed the week with sharp selling as the trade friction between the US and China escalated further.
The government of India (INDA) has recently changed its policy regarding the import of used goods. According to the new system, India will allow import of used electronic devices for repair and refurbishment. Devices will then have to be exported outside India.
Trade tensions between the U.S. and China, the world’s two largest economies, are intensifying, but some market observers believe a full-blown trade war is likely to be averted. Avoiding a trade war would ...
Trump has imposed tariffs on Chinese imports to put pressure on China to negotiate. While Trump is doing all this for the benefit of the tech firms, the US semiconductor industry is against the tariffs imposed on Chinese imports.
This trade deficit is because the US imports more Chinese goods compared to what China imports from the US. China primarily imports semiconductors from the US. According to the International Trade Administration, the US produced 47% of the global semiconductor output in 2016.
Donald Trump recently announced a fresh round of tariffs on $50 billion worth of Chinese imports. This time China (MCHI) didn’t retaliate. A Forbes article citing a note from Credit Suisse suggested that China is at a greater disadvantage than the US in a trade war.
Fears of a trade war with China (MCHI) reignited when Donald Trump signed an executive memorandum on March 22, 2018, to impose annual tariffs of $50 billion on several Chinese imports. This is not the first time the US has taken aim at China. On March 1, 2018, the Trump administration imposed tariffs on steel and aluminum, and China retaliated by threatening to impose tariffs on $3 billion worth of US imports.
China holds an important role within the world economy. If China experiences a slowdown, virtually every asset class would be affected. An interesting development over the past year has been the emergence of “new China”.
With global growth kicking in and fueling demand, commodities are well positioned for a strong year. Beyond the macro trends, commodity companies have been undergoing a rationalization process over the past few years. This has provided added support for prices.
Asian stocks closed mostly higher on Thursday after U.S. stocks declined amid weakness in the technology sector.
President Trump is known for his 1980s book, The Art of the Deal. Some in the market are seeing his tough trade talk now as merely a negotiating tactic.
China ETFs were among the best performers Monday as traders jumped on the cheaper market in response to speculation that the U.S. and China are engaging in trade talks. On Monday, the VanEck Vectors ChinaAMC ...