Please watch my new YouTube video: Trend of the Week China’s back!

Please watch my new YouTube video: Trend of the Week China’s back!

My one-hundredth-and-ninth-eighth YouTube video “Trend of the Week China’s back!” went up today. At the end of last week, the Chinese government sent signals that it would make moves to stimulate the slowing economy amid widespread lockdowns, as well as letting up slightly in its crackdown on internet companies. This has sent Chinese tech stocks soaring, with multiple percentage-point increases in a few hours. In this video, I look at Tencent (TCEHY), JD.com (JD), Alibaba (BABA) and Meituan (MPNGF) and talk about why this is an important trend to follow, but why we’ll only see these stocks go up in the short term before government pressure sends them back down.

Re-buying Alibaba for my JubakPicks Portfolio today

Re-buying Alibaba for my JubakPicks Portfolio today

The Chinese government has promised more stimulus to prop up growth in the country’s economy and the Politburo has indicated that, at least temporarily, it will slow the pace of its regulatory crack down on China’s Internet companies. The combination, as I posted in today’s Quick Pick YouTube video, has launched a huge rally in China’s Internet and e-commerce stocks. As of 3 p.m. on Friday, April 29, the New York traded shares of Tencent Holdings (TCEHY) wee up 8.95%. JD.com (JD) hadgained 7.72%. And Ablibaba (BABA), the big name among foreign investors and the leading target of government regulators is up 8.26%. On this trend, I’m adding shares of Alibaba to my JubakPicks Portfolio today

Fears of new Covid lockdown in Beijing send stocks reeling

Fears of new Covid lockdown in Beijing send stocks reeling

China expanded coronavirus testing to most of Beijing as rising cases fuel fears about an unprecedented lockdown of the capital. Officials on Monday night said testing would take place in another 11 of Beijing’s 16 districts, moving beyond just Chaoyang, where most of the infections have been detected since Friday. The city of more than 20 million people has already locked down parts of the eastern district of Chaoyang, home to 3.5 million people, with plans to ease restrictions after residents complete a testing regimen on April 27. The bad news from Beijing added to new bad news from a locked down Shanghai

Fears of new Covid lockdown in Beijing send stocks reeling

Saturday Night Quarterback says, For the week ahead expect…

In the coming week I expect global stock market action to shift to China. With every other stock market looking almost too risky to invest in, and the recent advice to invest in emerging market stocks, China’s short-term story looks (relatively) very attractiveAt the opening of China’s weekend session of the country’s legislature on Saturday, China’s premier, Li Keqiang, announced that the 2020 growth target for the country’s economy was “around 5.5 percent.”

Fears of new Covid lockdown in Beijing send stocks reeling

China manufacturing slows–big deal for global supply chains and People’s Bank stimulus plans

Output from China’s manufacturing sector slowed to its weakest in almost two years in January, according to the Caixin/Markit Purchasing Managers Index. The index dropped to 49.1 in January from 50.9 in December. In the index a reading below 50 indicates that output is contracting rather than expanding. The January level is the weakest since February 2020 when much of the country was on lockdown during the first wave of the Covid-19 virus.