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Intel and Apple Among Stocks Set to Gain on Improving U.S.-China Relations
By Tip Ranks , Feb. 25, 2019 –
President Donald Trump released a series of tweets earlier Monday, Feb. 25, announcing that in light of the successful trade talks - and substantial progress made over the last two weeks by the U.S. negotiating team - he will be delaying the tariff increases scheduled for March 1. Stocks are reacting positively to the news, with gains in the major Asian and European markets, as well as in New York.
This news is genuinely bullish. Sentiment has swung back and forth over the last year, as the U.S. and China first seemed careening toward a trade war and then sat down to talk. Here we'll dive into TipRanks' database and see what Wall Street's top analysts have to say about four stocks heavily involved in the China trade. All are currently rated moderate buy but all have shown a recent upswing, and stand to gain considerably if Trump's optimism pans out.
Nvidia
Semiconductor chip companies are heavily invested in China, on both the production and sales ends. Nvidia Corp. (NVDA - Get Report) is no exception, and in fact 56% of its sales are to the Chinese market. With so much exposure, Nvidia was sure to take a battering from the tariff dispute. But that wasn't the company's only problem. Starting in October, NVDA shares plummeted and have only recently begun a modest climb back up. The stock is down $130 since it's Oct. 1 high of $289.


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