The market has cooled on Chinese dot-com stocks in recent months, but I’m not the market. I initiated a position in Sogou (NYSE:SOGO) earlier this month. China’s second-largest search engine went public at $13 in early November, and after an initially warm investor reception, the stock started to break down. It’s been a busted IPO — trading below $13 — since late November.
Alibaba Group Holding Ltd could be set for a period of rapid growth ahead and could be a safe long-term bet.
The push into the cloud services market has proved a revelation for a number of companies such as Microsoft (NSDQ:MSFT), International Business Machines (NYSE:IBM), Amazon (NSDQ:AMZN)etc. as the global public cloud services market is expected to be worth nearly $300+ billion over the....More>>>
Unless you’ve been hiding in a cave, you’ve surely noticed trade tensions between the U.S. and China heating up. As recently as May, China planned to reduce import tariffs on many vehicles from 25% to 15%. Then tensions escalated, and in response to President Donald Trump’s move to impose tariffs on $34 billion worth of Chinese goods, China slapped tariffs on U.S. products, including....More>>>
U.S. stock futures are surging higher this morning. Wall Street bulls are taking charge again after the U.S. and China called a trade truce that could lower America’s Chinese trade deficit.
Over the weekend, Treasury Secretary Steven Mnuchin said that the Donald Trump administration would delay tariffs on Chinese goods and “put the trade war on hold” as the two countries....More>>>
By Jeffrey P. Snider
Just a little over a year ago, the Institute for Supply Management (ISM) released its purchasing manager index for the services sector for August 2015. Though the level was down slightly from July, coming amidst the immediate aftermath of the “shocking” financial quakes starting in China and spreading to markets all over the world, the 59.0 non-manufacturing....More>>>