|Bid||37.50 x 4000|
|Ask||37.55 x 1100|
|Day's Range||37.47 - 38.12|
|52 Week Range||26.19 - 47.79|
|Beta (3Y Monthly)||-0.04|
|PE Ratio (TTM)||21.73|
|Earnings Date||Jul 26, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||39.50|
In February the central bank created the interbank market and said its quasi-currency, known as RTGS, would no longer be pegged to the dollar but would be allowed to trade at fair value on the market. The quasi currency, now known as RTGS dollars, isn’t traded outside Zimbabwe. “This amount shall go a long way to stabilize the exchange rates and prices of goods and services,” John Mangudya, the governor of the Reserve Bank of Zimbabwe, said in a statement tweeted by the central bank.
Governments worldwide are alarmed at the tension between Washington and Tehran, concerned about the risk of escalation or military miscalculation and frustrated at a lack of communication about U.S. goals. What keeps the anxiety in check from Berlin to Moscow to Ankara is President Donald Trump’s oft-stated aversion to starting fresh wars.
Some end-markets may be jeopardized by the U.S.-China trade dispute, but “the bigger thing is logistics and supply chain arrangements,” Kaplan said Saturday during a wide-ranging discussion at the Society for Advancing Business Editing and Writing’s annual conference in Phoenix. “It’s more likely to slow global growth” and “it’s more likely to slow U.S. growth ultimately,” but it’s also possible some of the threatened tariffs won’t be enacted, he said. President Donald Trump last week increased duties to 25% from 10% on some $200 billion in Chinese products, and has threatened to impose tariffs on almost all imports from the world’s No. 2 economy.
The ball is in the court of conservative Chancellor Sebastian Kurz after Vice Chancellor Heinz-Christian Strache, from the nationalist Freedom Party, stepped down on Saturday, calling his own actions “dumb” and “embarrassing.” Kurz is set to give a statement at 7:45 p.m. in Vienna, and Austrian President Alexander Van der Bellen, who’s in charge of appointing and dismissing governments, will speak at 8:35 p.m. The 17-month-old coalition could continue if Kurz accepts Infrastructure Minister Norbert Hofer instead of Strache, according to Austrian media, which said any early ballot wouldn’t happen before September.
Donald Trump is easing trade tensions with US allies, bowing to mounting domestic pressure to rein in commercial conflicts across the world and focus on an escalating tariff battle with China. The US ...
Shares of Facebook (NASDAQ:FB) haven't been able to sidestep the selling pressure over the past few weeks. Shares have pulled back, with FB stock falling from roughly $200 down to $180. However, the pullback has been very orderly so far and is even finding some moving average support.Source: Shutterstock Is this investors' chance to hop on the Facebook train or should they stay clear in the event of more selling?With the trade war hitting U.S. stocks, virtually all industries are under pressure, even though not all of them are impacted by the trade war. For instance, cloud companies like Adobe (NASDAQ:ADBE) or Salesforce (NYSE:CRM) won't see their businesses impacted by the trade war. Nor will Twilio (NYSE:TWLO) or Splunk (NASDAQ:SPLK). Worth mentioning is that Facebook isn't allowed in China, although its WeChat has plenty of global exposure.InvestorPlace - Stock Market News, Stock Advice & Trading TipsMy point is, even though some of the companies above aren't impacted by the trade war, their stocks are still under pressure. FB stock is no exception either. Maybe the indices have already bottomed from these headlines, but it doesn't feel like it. If we have one or two more down legs to do go, investors will get a better shot at Facebook stock. That said, traders have a reasonable risk/reward situation with FB right now, should the markets hold up. Trading FB Stock Click to EnlargeSo far, uptrend support (blue line) and the 50-day moving average are holding up for FB stock. That's a perfect spot for traders to watch, too. A pullback in a strong stock to its 50-day usually draws in buyers, even if only for the short-term. Facebook at least has that going for it right now. * 7 Tech Stocks to Buy That Are Also Perfect for Retirement The key is to see what kind of bounce we get. Is it a modest 1% to 2% rally or does it send FB stock back to recent highs near $195? If it clears $195, $200 is on deck. Over the 61.8% Fibonacci retracement at $182.10 increases the odds for a retest of the 20-day moving average and gives some momentum to bulls.Should the selling accelerate in the overall market and FB stock gets pulled down, there are levels of support below too. A price of $170.82 marks a 50% retracement and down near $159.50 is the 38.2% retracement. The latter comes into play near the 200-day moving average and is a key level of support. Conveniently, $170 could be decent support too, it just depends on the aggressiveness of sellers should we get a pullback down to these levels.We may not see that type of decline, but if we do, it will pay to know where FB stock can hold up. Valuing Facebook StockIt was like the sky was falling with Facebook stock over the past year, as investors were dumping the social media giant hand over fist. That's despite it having the best financials and metrics compared to peers like Twitter (NYSE:TWTR) and Snap (NYSE:SNAP).Privacy concerns and worries about leadership caused investors to puke up the stock. Never mind that FB stock has one of the strongest balance sheets in the stock market and is a cash-flow machine.Analysts expect the company to earn $7.05 per share this year. That's down almost 7% from the prior year. The plus side is that they expect 32% earnings growth to $9.32 per share in fiscal 2020. On the revenue front, growth is doing anything but slowing. Estimates call for 24% growth this year and 21% next year. * 7 Stocks to Buy that Lost 10% Last Week Social media is far too efficient for businesses to ignore when it comes to advertising and it's far too addicting for users to put down. So long as that remains the case, Facebook will be in business. That bodes well for long-term investors, particularly given the balance sheet strength of FB stock.Long-term investors may consider waiting for a larger correction in FB stock should they want to bet on the continued growth in social media. Otherwise they could consider a nibble of Facebook near current levels.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell did not hold a position in any of the aforementioned securities. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Can Facebook Stock Rally Back to $200? appeared first on InvestorPlace.
Polling season in Australia is traditionally a time to whip up xenophobia. Former Prime Minister John Howard won the 2001 election for his right-of-center Liberal party largely on the basis of a trumped-up scare campaign about asylum seekers in the wake of the 9/11 attacks. In 2013, his Labor successor Kevin Rudd restarted the country’s brutal policy of offshore refugee processing in the months leading up to the polls.
Social media giant Twitter (TWTR) is slated to report first-quarter results before the markets open tomorrow, as investors hope earnings contribute to a stock that is up 20% year-to-date.Investors are hoping the company shows continued revenue growth, as 2018 turned out to be a strong year (following a poor 2017). Guidance calls for revenue growth of between 8% and 17%, with consensus at $775 million. But revenue isn’t the only thing to look at — the social network’s monthly user base declined by 9 million between Q4 2017 and 2018; this is expected to continue as Twitter continues to improve its health. Ahead of the call, analyst Michael Pachter of Wedbush remains Neutral on the stock, with a $37 price target, which reflects an 8% upside from current levels. (To watch Pachter's track record, click here) Pachter estimates revenue of $785 million, adjusted EBITDA of $286 million, and non-GAAP EPS of $0.18, compared to consensus estimates of $775 million, $244 million, and $0.15, respectively, and revenue guidance of $715 – 775 million. The analyst expects “continued momentum with newer ad products and formats (e.g., the Video Website Card and the Video App Card) as well as improved engagement from product changes (e.g., the ability to toggle feed ranking between latest and top Tweets) to drive results towards the high end of guidance or above.”"The company’s revenue outperformance in Q1:18 and Q1:17 (beating by 14% and 11%, respectively, relative to the midpoint of the implied guidance range) suggests to us that management’s forecasting ability has improved over the past two years against a backdrop of increased demand [...] Twitter introduced mDAU (monetizable daily active users) as its preferred audience engagement metric (with Q1 to be the last quarter the company provides an MAU figure), and we expect sequential mDAU growth of 1 million,” the analyst stated.Looking forward, Pachter expects revenue of $830 million (up 17% year-over-year and 6% quarter-over-quarter) in Q2, with adjusted EBITDA of $317 million (up 20% year-over-year), reflecting an EBITDA margin of 38%, and roughly 100 bps of year-over-year margin expansion. Pachter’s estimates are higher than consensus at $819 million and adjusted EBITDA of $279 million, as the analyst estimates “sequential mDAU growth of roughly 1 million in Q2, reflecting flat mDAU growth in the U.S. and growth of 1 million mDAUs internationally."All in all, Wall Street isn’t exactly sold yet on Twitter. TipRanks analysis of 15 analysts shows a consensus Moderate Buy rating, with six analysts recommending Buy, eight saying Hold and two suggesting Sell. The average 12-month price target on the stock is $35.17, representing a slight upside from current share price. (See TWTR's price targets and analyst ratings on TipRanks) More recent articles from Smarter Analyst: * Gene Munster: Key Takeaways From Nvidia (NVDA) Earnings * Trade War? Top Analyst Says Alibaba (BABA) Stock Still a Buy * The Green Organic Dutchman (TGODF) Stock -- Not Sinking Exactly, But Not Sailing Anywhere Fast * Is Boeing (BA) Stock a Buy Ahead of FAA Announcement?
“I’m pleased to announce that we’ve just reached an agreement with Canada and Mexico and will be selling our product into those countries without the imposition of tariffs or major tariffs,” Trump said at an event Friday.
The move avoids opening another front in Trump’s tariff battle with some of America’s key trading partners, yet it also sets the stage for high-stakes talks that are likely to be a persistent irritant in relations. The Commerce Department submitted the conclusions of a probe into imports of cars and parts to the president in February.
Not every analyst is a huge fan of Facebook (NASDAQ:FB). That's fine. That difference of opinion gives FB stock investors -- as well as the rest of the analyst community -- plenty to think about.Source: SilverIsdead Via FlickrNone are as bearish on Facebook stock as Pivotal Research Group analyst Brian Wieser is, however. Wieser currently sports the lowest of all price targets on the social networking giant's shares. His estimated value of Facebook stock? A mere $120, which is 35% less than the current FB stock price of $186.It is, admittedly, outrageous given Facebook's pedigree and history. And Wieser's thesis is also more subjective than objective, which most investors tend to dismiss in favor of more numerically-driven calls.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs The thing is, he's got a point loyal owners of Facebook stock may want to at least entertain. What Wieser SaysWieser's been a FB critic for a while. As far back as 2017 he voiced concern that the advertising reach Facebook boasted of the United States' 18 to 24 year olds was mathematically impossible. Facebook said it had a potential 41 million individuals in this crowd, but the most recent U.S. census reports there were only 31 million people between those ages living in the U.S.Facebook responded, explaining "Reach estimations are based on a number of factors, including Facebook user behaviors, user demographics, location data from devices, and other factors. They are designed to estimate how many people in a given area are eligible to see an ad a business might run. They are not designed to match population or census estimates. We are always working to improve our estimates."While no demographic research is perfect, a ten-million-people overstatement is more than mere rounding error, and it underscores a point Wieser has made more than once. That is, per a note published in October, "the company is not as in control of its business as it needs to be."Wieser was specifically referencing a spate of issues that had then-recently surfaced, including accusations of deceptive video-ad metrics and new hints that a data-scraping outfit with Russian ties may have illicitly garnered user data. The bigger point remains the same though. That is, each question that's raised ultimately dents the social media platforms ability to sell ads.He's not changed his mind in the meantime either. In January of this year, Wieser voiced further concern that "the toxicity of the company may also deter commercial partners from choosing to work with Facebook, or otherwise make terms less attractive to Facebook." The Pivotal Research analyst believes that Amazon.com (NASDAQ:AMZN), of all outfits, could be in good position to swipe some of Facebook's ad share."Despite its current massive size," Wieser says, "we see Amazon's opportunities as mostly unconstrained based on a successful track record of capitalizing on consumer and IT department spending."Certainly Twitter (NYSE:TWTR) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) breadwinner Google could also capitalize on the crimped credibility of Facebook. PhilosophyThe challenge to Pivotal's point of view is two-fold. First, it lacks specifics and is more philosophical in nature. Second, if it's going to happen, it hasn't happened in earnest yet.Last quarter, Facebook's top line of $15.1 billion was up 26% from the year-earlier figure of just under 12.0 billion. Were it not for a $3.0 billion charge from legal expenses related to an FTC matter, operating income would have rolled in at $6.3 billion, up 12% from the year-earlier figure of $5.6 billion. The number of daily users reached another record of 1.562 billion, and the average revenue per user was up year-over-year from $5.53 per quarter to $6.42.Something has changed though. The company's cost of revenue grew to 19% of its total sales, moving to its highest rate for the past eight quarters.One quarter doesn't make a trend, but all trends start with one quarter's worth of data. If it's getting tougher to sell ad space, the company's 'cost of revenue' line is one place the shift would materialize first.And that's happening on the eve of another sweeping change that Facebook has been forced by societal pressure to make. Facebook is about to unveil a 'clear history' feature to its users that will effectively delete the valuable browsing data each of those members has created about themselves that's then sold to advertisers seeking highly-granulated information.Advertisers who may already be less-than-impressed with Facebook's platform will now have to settle for even less-specific user data, shoving Facebook into a corner Wieser has long feared the company would paint itself into by overly aggressive and misguided practices.Then there's growing governmental regulation. France is the latest nation to put Facebook's operation under the microscope, effectively writing Facbook's hate-speech policies for the company. More such rules are now sure to come, opening the door to heavy-handed government control no publishing platform truly wants to allow. Bottom Line for FB StockEven so, Wieser concedes that Facebook's problems are fixable. Whether the company is ready so or not remains in question.Case in point: To its credit, the social media outfit just raised the bar on what sort of streaming video content would be allowed on live streams following Facebook's part in airing March's mass shooting in New Zealand. The decision arguably comes too late though, confirming Wieser's take from October that concluded:"The underlying problem that we see is that the company has been so focused on growth at any cost that it has failed to sufficiently invest in processes that might anticipate problems, acknowledge problems fast enough or fix problems fast enough."Sloppiness and a lack of forethought are difficult habits for a corporation with its own culture to change. If Facebook doesn't, it's only a matter of time before that failure comes back to haunt the company. * 6 Chinese Stocks That Could Pop On a Trade Deal That could easily drag FB stock back to $120, even if the target isn't accompanied by supporting math.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 7 Stocks to Buy that Lost 10% Last Week * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Service Stocks That Can Win the Trade War -- According to Goldman Sachs Compare Brokers The post Why Facebook Stock Could Fall to $120 appeared first on InvestorPlace.
The company’s six largest shareholders -- which include names associated with Twitter Inc., McDonald’s Corp., Honest Tea and the Pritzker family -- haven’t sold shares since the May 1 stock-market debut. With the second-best performing IPO in the U.S. this year after Shockwave Medical Inc., Beyond Meat’s success is another sign that veggie burgers, particularly highly engineered varieties that imitate the taste of meat, are becoming more acceptable to the masses. While even late-stage investors that participated in funding rounds just before the IPO made enviable profits, early investors made a killing, said Nick Cooney, founder and managing partner at Lever VC, which invests in early-stage companies in the alternative protein sector.
As he stood outside the West Wing waiting to meet Swiss president Ueli Maurer on Thursday, Mr Trump was asked by a reporter whether the US was going to war with Iran. How can we tell if Google is serious about privacy? The president’s retort followed growing speculation that he was less supportive of engaging Iran than his hawkish advisers.
There is division within the administration over the approach to Iran, some of the people said. At the same time, the president is cognizant that he was elected in part on promises to withdraw the U.S. from Middle East wars -- not start new ones, they said. Privately, Trump has said he doesn’t want war with Iran, one person familiar with the matter said.
Futures in New York advanced 1.4% on Thursday. Saudi Arabia’s vice-minister of defense and brother of the country’s de facto ruler said on Twitter that Tuesday’s drone attack was ordered by Iran. “Anyone who knows the Middle East knows that there are plenty of tripwires and the risk of escalation is always there,” said Tamar Essner, director for energy at Nasdaq Corporate Solutions in New York.
Must-Know Updates from Facebook, Amazon, Google, and Twitter(Continued from Prior Part)Twitter unlocks accountsTwitter (TWTR) is unlocking some accounts that had been locked in May 2018 when Europe’s new privacy laws (or GDPR) came into effect.
The Trump Administration is escalating its dispute with (FB) (ticker: FB), (TWTR) (TWTR), Alphabet’s (GOOG) Google, and other internet platforms over charges they engage in political bias. Late Wednesday, the White House’s Twitter account asked its 18.5 million followers if they have been “censored” or “silenced online,” and directed them to an online form. What follows is a series of questions, asking for examples of political bias from Facebook, Twitter, Google’s YouTube, Facebook’s Instagram, and other platforms.
“It would be an absolute disaster,” said Senator Bernie Sanders of Vermont. Sanders said he was trying to rally fellow lawmakers to make it clear to President Donald Trump that he cannot involve the country in a military conflict without authorization. “The president has to understand that the Constitution mandates that it’s Congress that decides when we go into war, not the president alone,” Sanders said.
The trade war is back, and that's bad news for Chinese stocks. In late 2018, Chinese stocks and broader financial markets dropped as trade tensions between the U.S. and China escalated. But, in 2019, those tensions cooled off, and the tone from top trade officials from both countries was largely and consistently positive. In response, China stocks rebounded alongside a broad financial market recovery.Trade talks, however, took a sharp turn for the worse in early May. U.S. President Donald Trump claimed that China "broke the deal", subsequently raised tariffs on imported Chinese goods from 10% to 25%, and proceeded to have a trade meeting with China that didn't produce a deal. China has retaliated with its own set of tariffs. A full-blown trade war is now on the horizon.Chinese stocks have dropped big in response.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBut, many market observers are unaware of one critical element about this latest round of tariffs: they have a grace period. This means that while tariffs have been raised from 10% to 25%, that raise will not impact goods that are already in transit. Importantly, the first tariff raise to 10% did not have this grace period. Thus, the grace period broadly implies that the U.S. is hoping to strike a trade deal with China over the new few weeks, before the 25% tariff actually starts impacting products. * 7 Stocks to Buy that Lost 10% Last Week In that light, investors shouldn't expect these elevated trade tensions to persist. They should cool, and when they do, China stocks should pop. That's broadly why I'm positioning for a trade resolution in the near future, and am buying China stocks on recent weakness. JD.com (JD)Source: Daniel Cukier via FlickrPerhaps the best Chinese stock to buy on recent trade-related weakness is China e-commerce giant JD.com (NASDAQ:JD).Context is important here. JD stock was really beaten up in 2018 amid slowing growth and compressing margin concerns, both of which were happening against the backdrop of a slowing China economy. But, in 2019, JD stock has rallied in a big way as growth has stabilized in the 20%-plus range and margins have improved, against the backdrop of a Chinese economy that is picking up steam again.Now, JD stock is back to sell-off mode. Specifically, the stock is down more than 10% over the past month, despite reporting a robust double-beat quarter during that stretch which broadly confirmed that growth remains resilient and margins continue to improve.In other words, JD stock is selling off in a big way right now because of what could be, not what is. But, what could be might not come to be, if a trade deal is struck within the next few weeks. If that happens, all these concerns will fade away. Investors will re-focus on the numbers, which have been really good in 2019. As they do, JD stock will rebound in a big way. Alibaba (BABA)Source: Shutterstock Shares of Alibaba (NYSE:BABA) have dropped 13% in the past week amid escalating trade tensions. This marks the stock's biggest drop of 2019, as well as the stock's biggest correction since the December 2018 plunge across global financial markets.But, the core growth narrative at Alibaba remains healthy. Revenue growth rates remain north of 40%, supported by continued expansion of the Asian digital economy, robust e-commerce growth, and a secular cloud services pivot. Also, trends have improved in 2019 amid renewed consumer confidence throughout China. These new tariffs won't impact consumer confidence so quickly. Instead, if a deal is indeed struck within the next few weeks, this new round of tariffs will never strike consumer confidence. Thus, Alibaba's numbers will look like nothing even happened. * 10 Stocks to Sell Before They Tank Your Portfolio But, something did happen: BABA stock dropped nearly 15%. As such, a trade deal could spark a big reversal in BABA stock, and once again push this stock back toward all-time highs. Baidu (BIDU)Source: Simone.Brunozzi Via FlickrMore so than Alibaba, shares of Chinese digital search giant Baidu (NASDAQ:BIDU) have been killed recently amid rising trade tensions, dropping nearly 20% over the course of the past month.The reason for the more pronounced sell-off is that the core fundamentals here aren't quite as good. Specifically, Baidu has been hit with a double headwind of slowing growth and falling margins over the past several quarters, and investors aren't sure exactly when these trends will reverse course. If trade tensions continue to rise for the foreseeable future, then these headwinds won't reverse course anytime soon. BIDU stock will continue to drop.But, if trade tensions cool and a deal is signed soon, then everything changes for BIDU stock. China's economy will continue to improve. The digital ad market will continue to expand. As it does, Baidu's growth rates should stabilize. Margins, too. Growth and margin stabilization on a stock that is 50% off its all-time highs should produce big returns. As such, BIDU stock could fly high on a potential trade deal. Weibo (WB)Source: Shutterstock When it comes to Chinese social blogging site Weibo (NASDAQ:WB), you have a hyper-growth company that has remained on a hyper-growth trajectory. But, WB stock has been killed on slowing macro China concerns. Thus, if those concerns hang around, the stock will continue to suffer. But, if those concerns disappear with a trade deal, then WB stock will soar.Broadly speaking, Weibo is China's Twitter (NYSE:TWTR). But, Wiebo has more users than Twitter, is more profitable than Twitter, and is growing more quickly than Twitter. Despite all that, Weibo has a market cap about half that of Twitter. Why? ARPU rates. Weibo monetizes its users less than Twitter. This is just a time issue. Over time, as Weibo pivots from growing its user base to growing its digital ad business, ARPU rates will rise. When they do, WB stock should rise significantly. * 10 Retirement Stocks That Won't Wilt in a Bear Market The one thing holding WB stock back has been a temporary pause in the China digital ad growth narrative, which is the result of less enthusiastic enterprise spend amid slowing economic conditions. But, those conditions have improved in 2019, and will improve meaningfully if a trade deal is struck. Thus, if a trade deal is struck, Weibo's numbers should improve over the next several quarters. That improvement will spark a big rally in WB stock. Tencent (TCEHY)Source: Shutterstock China internet giant Tencent (OTCMKTS:TCEHY) has fared better than its China tech peers during this recent round of tariff increases. As of this writing, TCEHY stock is less than 10% off its 2019 highs, while many of its peers are 10% to 20% off their 2019 highs.The relative strength in TCEHY stock can be attributed to the stock's favorable fundamentals. Tencent is the heartbeat of China's internet economy, from social media to digital payments to music streaming, and everything in between. A big piece of this economy is video games. In 2018, due to various regulatory issues, China put a freeze on new video game approvals. That really hurt Tencent's business. In 2019, that freeze has been lifted, and new video games are hitting the market for the first time in years.That's a big deal for TCEHY stock, and this positive development is mostly why the stock has fared better amid escalating trade tensions in early May. It's also why this stock could be a big winner if these trade tensions ease. If they ease, Tencent's two biggest headwinds of 2018 (trade tensions and a video game freeze) will be fully behind it. With those headwinds fully behind it, TCEHY stock, which is still 25% off its all-time highs, could soar. Ctrip (CTRP)Source: Thomas Galvez via FlickrNatural losers in a slowing economy are companies associated with travel. After all, travel is most often seen as a luxury. Consumers travel when they are employed, confident and have extra cash. They don't travel when they are unemployed, lack confidence and don't have extra cash. That's why Chinese online travel site Ctrip (NASDAQ:CTRP) fell off a cliff in 2018 as China's economy slowed.It's also why CTRP stock has bounced back in a big way in 2019 as China's economy has stabilized and even improved. But, the rally has been hit hard over the past few weeks amid rising trade tensions. During that stretch, CTRP stock has dropped over 15%. The stock will continue to drop so long as these trade tensions hang around. That's just the nature of CTRP stock and its relation to China's economic trends. * Top 7 Dow Jones Stocks of 2019 -- So Far But, as is the case with JD, recent weakness in Ctrip is the result of fears surrounding what could be, not what is. The current conditions are very favorable for Ctrip. China's economy is improving, consumer confidence is back, and the company just reported a robust double-beat quarter with 20%-plus revenue growth and healthy margins. If a trade deal is struck, and these current favorable trends persist, then CTRP stock will bounce back in a big way from this recent selloff.As of this writing, Luke Lango was long JD, BABA, BIDU, WB, TWTR and CTRP. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Stocks to Sell Before They Tank Your Portfolio * Top 7 Dow Jones Stocks of 2019 -- So Far * 5 Low-Priced, High-Potential Tech Stocks to Buy Compare Brokers The post 6 Chinese Stocks That Could Pop On a Trade Deal appeared first on InvestorPlace.
Wall Street will be looking for signs of whether Pinterest can maintain its momentum when the company reports first-quarter 2019 earnings on Thursday afternoon.
As much as 3 to 5 inches (8 to 13 centimeters) of rain will soak soils from South Dakota and Minnesota south to Texas, Oklahoma and Arkansas, according to the U.S. Weather Prediction Center in College Park, Maryland. Widespread severe thunderstorms that can spark tornadoes are also expected across the region from Friday through May 21. “The severe weather starts on Friday and continues for several days after that,” said Marc Chenard, a senior branch forecaster at the Weather Prediction Center.
De Blasio also said he was uniquely qualified to take on President Donald Trump. De Blasio becomes the 23rd active candidate in the race, and many of his competitors have been raising money, hiring staff and campaigning for months.