I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My forty-second YouTube video “3 China stocks to buy but not now”-went up today.
The Chinese government reported today that the country’s economy slowed more than expected in July. Retail sales were crimped by tough new virus restrictions introduced toward the end of the month to contain fresh outbreaks. Retail sales rose by 8.5% near over year. Analysts had expected growth of 10.9%.
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My thirty-ninth YouTube video “Will China sink global stocks”-went up today.
Last Wednesday, July 28, Chinese financial regulators told big investors–banks and investment groups heavily exposed to China’s stock market–not to worry. China’s financial markets were sound and despite the fears engendered by the government’s crackdown on the country’s private, for-profit, education companies, the government was not looking to reverse decades of growth by companies in China’s private sector. The meeting worked. Stocks of companies like Meituan (MPNGF), China’s dominant food delivery company (with ambitions to become a full-range e-shopping competitor) rose to $30.07 on the day from $26.00 the day before. But the reassurance worked for only a few days. Today, August 3, for example, Meituan was back in the red, falling 4.48% to $26.95 to erase almost all of its “re-assurance” bounce. Today, I’m selling Meitun and Naspers (NPSNY), a South African company with a huge position in China’s Tencent Holding (TCEHY) out of my Volatility and Jubak Picks Portfolios, respectively.
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. My thirty-sixth YouTube video “Is China un-investable?”-went up today.
I’m starting up my videos on JubakAM.com again–this time using YouTube as a platform. And, with this week, I’m adding a second shorter video (market events permitting) that will focus on a single stock or two. The thirty-first YouTube video “QuickPick: Buy Tencent after the fine” went up today.
Just so nobody thinks China’s government is finished with its crackdown on the country’s big Internet technology companies… Two days after DiDi Global (DIDI), China’s dominant Internet ride-hailing platform, went public on Wall Street, China’s Internet regulator suspended new user registrations on the platform while the government conducted a “cybersecurity review” of the company.
Everybody leaves Washington with everything still hanging fire, but markets still assume President will sign coronavirus bill
Congress dispersed for Christmas. President Donald Trump headed to Florida. And there’s still no telling whether President Trump will, as he’s suggested via Twitter, whether he will veto the huge coronavirus relief/government spending bill.