We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights: iQIYI, Alibaba Group Holding, Baidu, Bitauto Holdings and Sohu.com
Read MoreHide Full Article
For Immediate Release
Chicago, IL – June 28, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include iQIYI, Inc. (IQ - Free Report) , Alibaba Group Holding Limited (BABA - Free Report) , Baidu, Inc. (BIDU - Free Report) , Bitauto Holdings Ltd. and Sohu.com Ltd. (SOHU - Free Report) .
Here are highlights from Wednesday’s Analyst Blog:
Can China Survive a Trade War?
On Jun 25, shares of U.S.-listed Chinese companies plummeted on reports of the White House planning to curb Chinese investments in U.S. companies involved in certain technologies. On Jun 26, the benchmark Shanghai composite officially entered the bear market. Trade war fears have been taking its toll on China’s stocks as the Chinese government is striving hard to protect the economy.
In this connection, China’s central bank on Jun 24 said it will release as much as 700 billion yuan ($107 billion) into the financial system by reducing the amount of deposits majority of the banks are needed to hold. Understandably, the Chinese government’s concerns revolve around its economy that is weakening faster than expected, fueled by fears of a trade war with the United States.
China Stocks Enter Bear Market Territory
The Shanghai Composite Index fell 0.5% at close on Tuesday, declining 20% from its January peak. This is its lowest level in two years and Chinese stocks are now officially in the bear market. China’s stocks have lost almost $1.6 trillion since January, which is more than the size of Canada’s economy. Another loss of 6% in market cap would dethrone China as Asia’s biggest stock market. The smaller Shenzhen composite had entered the bear territory in February.
Trump seems to be the new dragon in China! Goes without saying, trade war fears with the United States have made investors jittery, leading to huge selloffs. The recent decline comes in response to news of White House planning to curtail Chinese investments in U.S. technology companies. Although China’s President Xi Jinping has retaliated with counter tariffs on $34 billion worth of U.S. goods that come to effect on Jul 6, tension is sky-high.
This saw shares of U.S.- listed Chinese companies declining sharply on Monday. Understandably, the tech sector has been one of the biggest victims of this trade spat, with shares of all major Chinese tech giants falling sharply. On Monday, shares of U.S.-listed Chinese companied tanked 3.4%, their steepest collective decline March.
Chinese streaming giant iQIYI, Inc. was the biggest loser, declining 9.4%. Shares of IQ have declined 18.5% in the last five days. Other tech companies like Alibaba Group Holding Limited, Baidu, Inc. have declined 7.2%, 5% and 5.3%, respectively, in the same time frame.
Trade war fears cease to ease with the United States and China slapping tariffs and counter tariffs on each other. This certainly has been taking its toll on China’s economy. The Chinese economy put up a robust performance last year, growing 6.9%. The momentum continued at the beginning of 2017 but economists believe that signs of a slowdown have started showing. And this has heighted because of the ongoing trade spat.
On Sunday, China’s central bank announced that it will be releasing 700 billion yuan ($107 billion) into the country’s financial system by reducing the amount of deposits banks are required to hold. The banks have been freed to use this money to help small businesses and heavily indebted companies.
Understandably, China is struggling to curb huge debts taken by companies that have over the past decade been hurting the economy. This certainly is thwarting growth and China now plans to help these companies by steering loans. Moreover, this comes at a time, when China is already fearing that tariffs imposed by the United States will hurt is ailing economy.
Summing Up
The White House’s recent announcement that it plans to curb Chinese investment in U.S. technology companies is taking its toll on shares of tech companies. This finally saw the Shanghai Composite Index officially entering in the bear territory. China, understandably, is making every effort to balance the situation by releasing more money into its financial system to bail out the heavily indebted companies.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: iQIYI, Alibaba Group Holding, Baidu, Bitauto Holdings and Sohu.com
For Immediate Release
Chicago, IL – June 28, 2018 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include iQIYI, Inc. (IQ - Free Report) , Alibaba Group Holding Limited (BABA - Free Report) , Baidu, Inc. (BIDU - Free Report) , Bitauto Holdings Ltd. and Sohu.com Ltd. (SOHU - Free Report) .
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.
Here are highlights from Wednesday’s Analyst Blog:
Can China Survive a Trade War?
On Jun 25, shares of U.S.-listed Chinese companies plummeted on reports of the White House planning to curb Chinese investments in U.S. companies involved in certain technologies. On Jun 26, the benchmark Shanghai composite officially entered the bear market. Trade war fears have been taking its toll on China’s stocks as the Chinese government is striving hard to protect the economy.
In this connection, China’s central bank on Jun 24 said it will release as much as 700 billion yuan ($107 billion) into the financial system by reducing the amount of deposits majority of the banks are needed to hold. Understandably, the Chinese government’s concerns revolve around its economy that is weakening faster than expected, fueled by fears of a trade war with the United States.
China Stocks Enter Bear Market Territory
The Shanghai Composite Index fell 0.5% at close on Tuesday, declining 20% from its January peak. This is its lowest level in two years and Chinese stocks are now officially in the bear market. China’s stocks have lost almost $1.6 trillion since January, which is more than the size of Canada’s economy. Another loss of 6% in market cap would dethrone China as Asia’s biggest stock market. The smaller Shenzhen composite had entered the bear territory in February.
Trump seems to be the new dragon in China! Goes without saying, trade war fears with the United States have made investors jittery, leading to huge selloffs. The recent decline comes in response to news of White House planning to curtail Chinese investments in U.S. technology companies. Although China’s President Xi Jinping has retaliated with counter tariffs on $34 billion worth of U.S. goods that come to effect on Jul 6, tension is sky-high.
This saw shares of U.S.- listed Chinese companies declining sharply on Monday. Understandably, the tech sector has been one of the biggest victims of this trade spat, with shares of all major Chinese tech giants falling sharply. On Monday, shares of U.S.-listed Chinese companied tanked 3.4%, their steepest collective decline March.
Chinese streaming giant iQIYI, Inc. was the biggest loser, declining 9.4%. Shares of IQ have declined 18.5% in the last five days. Other tech companies like Alibaba Group Holding Limited, Baidu, Inc. have declined 7.2%, 5% and 5.3%, respectively, in the same time frame.
That’s not all. Shares of Bitauto Holdings Ltd. declined 1.1%, while Sohu.com Ltd. fell 6.5% in the last five days. Baidu has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
China Building Wall Around its Economy
Trade war fears cease to ease with the United States and China slapping tariffs and counter tariffs on each other. This certainly has been taking its toll on China’s economy. The Chinese economy put up a robust performance last year, growing 6.9%. The momentum continued at the beginning of 2017 but economists believe that signs of a slowdown have started showing. And this has heighted because of the ongoing trade spat.
On Sunday, China’s central bank announced that it will be releasing 700 billion yuan ($107 billion) into the country’s financial system by reducing the amount of deposits banks are required to hold. The banks have been freed to use this money to help small businesses and heavily indebted companies.
Understandably, China is struggling to curb huge debts taken by companies that have over the past decade been hurting the economy. This certainly is thwarting growth and China now plans to help these companies by steering loans. Moreover, this comes at a time, when China is already fearing that tariffs imposed by the United States will hurt is ailing economy.
Summing Up
The White House’s recent announcement that it plans to curb Chinese investment in U.S. technology companies is taking its toll on shares of tech companies. This finally saw the Shanghai Composite Index officially entering in the bear territory. China, understandably, is making every effort to balance the situation by releasing more money into its financial system to bail out the heavily indebted companies.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks "Strong Sells" absolutely free >>
Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1 Stock of the Day pick for free.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Strong Stocks that Should Be in the News
Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.
Follow us on Twitter: https://twitter.com/zacksresearch
Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com/
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.