Asian stock futures indicate a mixed start to the week after U.S. shares fell on Friday with China and the U.S. exchanging trade threats. Oil fell, while Asian currencies were slightly weaker against the dollar as Treasury yields retreated toward 2.90 percent.
Futures were modestly lower in Japan and South Korea and flat in Australia. Holidays in Hong Kong and China may keep trading relatively muted in Asia on Monday. Oil will be in focus after falling for a fourth consecutive week as Saudi Arabia and Russia prepared for a clash with other OPEC members and allies over whether to raise production. The pound may come under pressure as the Brexit withdrawal bill is debated in parliament.
#lazy-img-328628076:before{padding-top:56.25%;}Trade has been thrust back into the limelight, with investors likely to fret about the intensifying confrontation between the U.S. and China. China swiftly responded to President Donald Trump slapping tariffs on $50 billion on imports, putting an additional 25 percent levy on $34 billion of U.S. agricultural and auto exports starting July 6.
Top China Stocks To Invest In Right Now: Renesola Ltd.(SOL)
Advisors' Opinion:- [By Joseph Griffin]
These are some of the media headlines that may have impacted Accern’s scoring:
Get ReneSola alerts: ReneSola Sells North Carolina Solar Project To Greenbacker (solarindustrymag.com) ReneSola (SOL) Rating Increased to Neutral at Roth Capital (americanbankingnews.com) ReneSola (SOL) Q1 Earnings in Line, Revenues Top Estimates (zacks.com) ReneSola’s (SOL) CEO Xianshou Li on Q1 2018 Results – Earnings Call Transcript (seekingalpha.com) ReneSola (SOL) Releases Earnings Results (americanbankingnews.com)Shares of ReneSola traded up $0.08, hitting $2.76, during trading on Friday, Marketbeat.com reports. The stock had a trading volume of 124,969 shares, compared to its average volume of 108,565. The firm has a market capitalization of $102.11 million, a PE ratio of 21.23 and a beta of 2.05. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.36. ReneSola has a 12 month low of $2.12 and a 12 month high of $3.79.
Top China Stocks To Invest In Right Now: Top Image Systems Ltd.(TISA)
Advisors' Opinion:- [By Ethan Ryder]
Get a free copy of the Zacks research report on Top Image Systems (TISA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Top China Stocks To Invest In Right Now: Netease.com Inc.(NTES)
Advisors' Opinion:- [By Rick Munarriz]
Many Chinese growth stocks have started bouncing back, but the same can't be said about�NetEase (NASDAQ:NTES). The Chinese online gaming pioneer hit another 52-week low earlier this month, and it's trading nearly 30% below the all-time highs it hit late last year.�
- [By Leo Sun]
Shares of NetEase (NASDAQ:NTES) recently tumbled after the Chinese tech company posted mixed first-quarter numbers. Its revenue rose 4% annually to 14.2 billion yuan ($2.3 billion), which beat estimates by $120 million. Unfortunately, its non-GAAP net income plunged 69% to 1.34 billion yuan ($213 million), or $1.61 per diluted ADS (American depositary share) -- which missed estimates by 36 cents.
- [By Max Byerly]
KAMES CAPITAL plc decreased its holdings in shares of NetEase (NASDAQ:NTES) by 68.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,800 shares of the technology company’s stock after selling 39,277 shares during the period. KAMES CAPITAL plc’s holdings in NetEase were worth $4,991,000 at the end of the most recent reporting period.
- [By Harsh Chauhan]
Over the years, NetEase (NASDAQ:NTES) has made the most of the opportunities presented by China's mobile and online gaming market, and has also diversified into fast-growing verticals like ecommerce to supercharge its prospects. Not surprisingly, NetEase investors have been a happy lot, as their investment in the Chinese internet specialist has experienced five�straight years of double-digit percentage gains.
Top China Stocks To Invest In Right Now: Baidu Inc.(BIDU)
Advisors' Opinion:- [By Motley Fool Staff]
Danny Vena: Absolutely. iQiyi, which was a spin-off from the Chinese Google, Baidu�(NASDAQ:BIDU), they started off strictly following the Hulu model. They began as a company that used strictly advertising to generate their revenue, get as many subscribers in the door as they could, but these people were not paying anything. And it was fairly successful. But about 2015 or so, Baidu recognized just how successful Netflix was becoming, and as it has been the case with so many Chinese companies, they saw a model that they liked, and they copied it. So, they generated some new exclusive content, they stuck it behind a paywall, they encouraged users to sign up and pay, in their case, about $3 a month, and they've gone from there.
- [By Billy Duberstein]
There are three clear leaders riding this wave, all of which have ties to the "big three" of China, or the "BAT":�Baidu (NASDAQ:BIDU), Alibaba (NYSE:BABA), and Tencent (NASDAQOTH:TCEHY). For investors interested in riding the Chinese streaming video trend, the following are definitely the stocks to own.
- [By Leo Sun]
Baidu (NASDAQ:BIDU), Alibaba (NYSE:BABA), and Tencent (NASDAQOTH:TCEHY) are considered fierce rivals in China's tech market. Baidu owns the country's top search engine, Alibaba's owns its biggest e-commerce marketplace, while Tencent dominates the social media and video gaming markets.
- [By Steve Symington]
Shares of Baidu Inc. (NASDAQ:BIDU) fell 9.5% on Friday after the Chinese internet search leader announced that its chief operating officer, Qi Lu, is stepping down from his post.
Top China Stocks To Invest In Right Now: Focus Media Holding Limited(FMCN)
Advisors' Opinion:- [By Stephan Byrd]
An issue of Focus Media Holding Limited (NASDAQ:FMCN) debt fell 1.1% against its face value during trading on Tuesday. The debt issue has a 7.5% coupon and is set to mature on April 1, 2025. The debt is now trading at $97.63 and was trading at $98.50 last week. Price changes in a company’s debt in credit markets sometimes anticipate parallel changes in its stock price.
- [By Stephan Byrd]
An issue of Focus Media Holding Limited (NASDAQ:FMCN) bonds fell 0.9% against their face value during trading on Monday. The high-yield debt issue has a 7.25% coupon and will mature on April 1, 2023. The bonds in the issue are now trading at $99.13 and were trading at $98.13 last week. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.
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