Thursday, October 03, 2019 3:14:52 PM
There is a trade war in progress right now. That is old news to anyone paying attention in the world. Most investors would shy away from buying China stocks. In fact, most China stocks are not far from 52 week lows, some even near multi-year lows. However, I believe China stocks are screaming buys right now. I believe we will look back in a year and curse ourselves for not buying every China stock out there. Let me explain…
As US economic data becomes weaker, President Donald Trump will likely realize he needs something to help the economy, especially with the election coming up next year. This will push him to do a deal with China. In addition, as with the ISM and PMI economic data signaling, the US economy is weakening fast. Trump will rush to get a China deal sooner, therefore giving China a better deal. Overall, China stocks that have been hurt by the trade war and the economic impact on China will see a massive windfall rebound. Companies like $SINA, $SOHU and even $BIDU could see 50% upside in a year if this happens, maybe even more.
Gareth Soloway
InTheMoneyStocks
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