The Zacks Analyst Blog Highlights: LexinFintech, JD.com, CNOOC, OneSmart And Yirendai
Zacks Investment Research | Apr 04, 2019 09:08PM ET
For Immediate Release
Chicago, IL –April 5, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: LexinFintech Holdings Ltd. (NASDAQ:LX) , JD.com, Inc. (NASDAQ:JD) , CNOOC Limited (NYSE:CEO) , OneSmart International Education Group Ltd. (NYSE:ONE) and Yirendai Ltd. (NYSE:YRD) .
Here are highlights from Thursday’s Analyst Blog:
China Stocks Shatter 1-Year High: 5 Top Picks
On Apr 4, equities in China breached their highest level in a year. Additionally, the blue-chip CSI 300 Index posted its fourth consecutive weekly advance. Gains for the trading session and the week were largely attributable to rising optimism over a near-term U.S.-China trade deal. Reports have emerged that the two countries are extremely close to sealing an agreement.
Meanwhile, fresh evidence has emerged that the Chinese government’s stimulus measures are making an impact. Official and private indexes of manufacturing and services have shown significant improvement.
It is also extremely likely that authorities will take further steps to boost China’s sluggish economy. This is why market watchers at large think that this is a great time to invest in China stocks.
Optimism Over Trade Deal Rises
According to a Financial Times report on Apr 3, the United States and China have managed to settle most of their differences on trade issues. Only a few areas of divergence remain, per Myron Brilliant, executive vice president for international affairs at the U.S. Chamber of Commerce. According to him, trade negotiations are “getting into the end-game stage.”
Brilliant added: “Ninety percent of the deal is done.” He claimed that a few sticking points remain, which could prove difficult to resolve. Apparently, China wants the United States to suspend all tariffs currently in place. However, the Trump administration is not very excited about the idea since it wishes to retain an enforcement mechanism even after a deal is struck.
According to the Financial Times, if a deal proves elusive even after the current round of talks concludes in Washington, the next round of talks could be held in June at the G-20 meet in Japan.
But such an unfavorable outcome to the current round of talks seems unlikely with Trump’s economic adviser Larry Kudlow claiming on Apr 2 that both countries “expect to make more headway.” Kudlow added that there is a “certain amount of optimism” about this round of discussions.
Economic Metrics Improve, Additional Stimulus Likely
In March, China’s Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) increased from 49.9 in February to 50.8 in March. The expansion was the fastest pace witnessed in eight months.
The report comes on the heels of Apr 31’s official figures, which also indicate that China’s manufacturing sector improved in March. The official Purchasing Managers’ Index recovered from February’s three-year low of 49.2 to hit to 50.5 in March. This marks the first expansion in four months. (Read: Original post
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.