Saturday, July 7, 2018

Performance Update for first half of 2018

Here at StockBlower, we love to toot our own horn.  So how are our top 5 favorite stocks doing this year (through July 6th)?

1. WWE: up 144%
2. AAPL: up 9%
3. F: down 13%
4. SHOP: up 49%
5. AMZN: up 44%

Average of our Top 5 Stocks: up 47%
By comparison the S&P 500 (IVV) is only up 2.35%
Not bad.

All Eyes on China

With tariffs kicking in and the possibility of a full blown trade war looming, Chinese stocks have been pulling back from their recent highs. As things escalate, we expect some further drops. Keep an eye on China for buying opportunities. Wait for signs that the trade war is ending, like dropping of tariffs or new trade agreements. Be patient - this can take some time to develop.

You may wish to focus on more stable companies such as commerce giants Alibaba Group (NYSE:BABA) and, Inc. (NASDAQ:JD), or search provider Baidu, Inc. (NASDAQ:BIDU). For those who an appetite for more risk, there have been a series of Chinese IPOs recently. One to look at is the video streaming service iQIYI, Inc. (NASDAQ:IQ).