BEIJING–China’s foreign-exchange reserves fell to the lowest level in nearly six years last month, testing the central bank’s resolve to control the weakening yuan’s descent to a pace it dictates.
The People’s Bank of China said Saturday that the world’s largest stockpile of foreign currency plunged by $41.08 billion in December to $3.011 trillion, the lowest level since March 2011. The decline was smaller than the previous month’s drop of $69.06 billion and fell largely in line with analysts’ expectations.
The more limited drop underscored the central bank’s willingness to dip into reserves to buy up yuan, and use capital controls and other tools to try to prop up the currency and restrain businesses and individuals rushing to send money offshore.
Best China Stocks To Watch For 2018: IPG Photonics Corporation(IPGP)
- [By Dan Caplinger]
Monday began on a down note for the stock market, as the Dow Jones Industrials fell back down below the 20,000 level. Major market benchmarks finished with losses of 0.6% to 0.8%, and some market commentators attributed the declines to nervousness about the Trump administration’s actions to clamp down on immigration. Others noted that the latest reading of U.S. economic growth showed a 1.9% rise in gross domestic product for the fourth quarter, finishing the year with an overall GDP increase of just 1.6%, down a full percentage point from 2015’s growth. Despite the overall sullen mood in the market, some stocks gained ground, and GoPro (NASDAQ:GPRO), Movado Group (NYSE:MOV), and IPG Photonics (NASDAQ:IPGP) were among the best performers on the day. Below, we’ll look more closely at these stocks to tell you why they did so well.
Best China Stocks To Watch For 2018: United Parcel Service Inc.(UPS)
- [By Ben Levisohn]
With companies like Under Armour (UAA), MGM Resorts International (MGM), andUnited Parcel Service (UPS) reporting tomorrow, we thought we’d get a jump start on the stocks moving after today’s close:
- [By WWW.THESTREET.COM]
One part of the outline by the Trump administration on Wednesday would roughly double the standard deduction that Americans can use to reduce their taxable income. For married couples that would move from $12,600 to $24,000. This could cause people not to itemize their tax returns and rather opt for the standard deduction. In turn, the process would be simplified as well as potentially saving taxpayers thousands of dollars each year. That’s money that could be spent on a few more cases of PepsiCo’s beverages or a new wardrobe from Macy’s (M) A delivery company such as UPS (UPS) could see orders tick higher as more confident consumers get to spending.
- [By Lee Jackson]
United Parcel Service Inc. (NYSE: UPS) was started at Hold with a $120 price target at Aegis Capital. The consensus price target is $115.55, and the 52-week range is $87.30 to $120.44. Shares closed on Thursday at $116.30.
- [By Demitrios Kalogeropoulos]
Meanwhile, earnings season produced large price swings in a few stocks individual stocks, including Under Armour (NYSE:UA) (NYSE:UAA) and UPS (NYSE:UPS).
- [By Casey Wilson]
Top executives at United Parcel Service Inc. (NYSE: UPS) took home outrageously high compensation last year, even though the parcel carrier missed many of its performance targets, like revenue growth and total shareholder returns.
- [By Brian Feroldi]
Investors in their 60’s should start to favor low-risk stocks that offer up big dividend payouts. Below are three stocks — Waste Management (NYSE:WM), United Parcel Service (NYSE:UPS), and Welltower (NYSE:HCN) — that perfectly fit that description.
Best China Stocks To Watch For 2018: Starz(STRZA)
- [By Ben Levisohn]
Here we think names trading in the mid-single digit multiple range such as AMC Networks (AMCX) should benefit the most as should Lions Gate Entertainment (LGF) / Starz (STRZA), Viacom (VIAB), Viacom (VIA) and Scripps Networks Interactive (SNI).
- [By Ben Levisohn]
Starz (STRZA) has jumped 14% to$32.16 after agreeing to be purchased by Lions Gate Entertainment (LGF) in a deal that values Starz at about $4.4 billion. Lions Gate has climbed 9.4% to $22.90.