Three Foreign Stocks To Watch: STNE, QTT, NIO
Ivaylo Ivanhoff | Mar 03, 2019 12:03AM ET
StoneCo, Qutoutiao, and NIO are three foreign stocks that high relative strength, small float, and belong to an industry that is hot now.h3 StoneCo Ltd (STNE)/h3
StoneCo Ltd (NASDAQ:STNE) is the Square (NYSE:SQ) of Brazil. It recovered from a 50% slump in December and consolidating near its all-time highs. Due to their small float, recent IPOs tend to get hit hard during severe market corrections. They also tend to be among the strongest performers when the general market bounces.
Qutoutiao Inc (NASDAQ:QTT) is a Chinese entertainment platform with insane sales growth. It is setting up near its 50-day high a few days before its next earnings report.
NIO Inc (NYSE:NIO), the Tesla (NASDAQ:TSLA) of China, broke out from a long base last week and it continues to act very constructively.
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