Fears over a slowdown in the country's economy and the start of a trade war with the United States have been weighing on Chinese shares and the yuan.
The benchmark share index in Shanghai, which entered a bear market last week, is trading near its lowest level in more than two years. The yuan hit its weakest level against the dollar in 11 months on Tuesday before bouncing back amid reports that the government had intervened to support the currency.
A weaker yuan could help Chinese exporters by making their products cheaper, but also risks increasing trade tensions with the Trump administration.
Previous big plunges in the yuan in recent years have wreaked havoc in Chinese and global stock markets. The Chinese government said Tuesday it wanted to keep the yuan stable.
Other emerging market currencies have also fallen against the strengthening dollar. But the strong dollar "is less of a valid argument" for the yuan's recent declines, according to Tai Hui, chief market strategist at JPMorgan Asset Management in Asia.
Top 10 China Stocks To Buy For 2019: Top Image Systems Ltd.(TISA)
Advisors' Opinion:- [By Shane Hupp]
Get a free copy of the Zacks research report on Top Image Systems (TISA)
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- [By Joseph Griffin]
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
- [By Money Morning Staff Reports]
Before we get to our latest pick, here are last week's top-performing penny stocks:
Penny Stock Sector Current Share Price Last Week's Gain Melinta Therapeutics Inc. (NASDAQ: MLNT) Healthcare $1.74 104.01% Pernix Therapeutics Holdings Inc. (NASDAQ: PTX) Healthcare $0.83 84.40% Top Image Systems Ltd. (NASDAQ: TISA) Healthcare $0.82 59.85% Jason Industries Inc. (NASDAQ: JASN) Healthcare $2.21 58.99% Maxwell Technologies Inc. (NASDAQ: MXWL) Financial $4.66 51.79% Marathon Patent Group Inc. (NASDAQ: MARA) Healthcare $0.52 51.47% Forward Pharma A/S (NASDAQ: FWP) Basic Materials $1.53 43.57% Dixie Group Inc. (NASDAQ: DXYN) Healthcare $1.40 42.86% Trevena Inc. (NASDAQ: TRVN) Services $1.41 39.60% Alliance MMA Inc. (NASDAQ: AMMA) Healthcare $4.95 36.18%Don't Miss Out: The Treasury is sitting on an $11.1 billion cash pile, and a loophole entitles Americans to a sizable portion. Some are collecting $1,795, $3,000, or $5,000 every month thanks to this powerful investment…
- [By Ethan Ryder]
Get a free copy of the Zacks research report on Top Image Systems (TISA)
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Top 10 China Stocks To Buy For 2019: Baidu Inc.(BIDU)
Advisors' Opinion:- [By Stephan Byrd]
Pictet & Cie Europe SA reduced its stake in shares of Baidu Inc (NASDAQ:BIDU) by 56.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 956 shares of the information services provider’s stock after selling 1,250 shares during the period. Pictet & Cie Europe SA’s holdings in Baidu were worth $232,000 as of its most recent filing with the SEC.
- [By Danny Vena]
Earlier this month when Baidu (NASDAQ:BIDU) reported revenue and earnings that exceeded analysts' consensus estimates -- as well as the company's own forecast -- the company's stock fell nearly 8% on reports that Alphabet (NASDAQ:GOOGL) (NASDAQ:GOOG) was planning to reintroduce a censored version of its Google search engine for consumers in China, according to a report in The Intercept.
- [By Troy Springer]
There's a hot new acronym on the market. Unlike real bats, this BAT has good odds of making you a ton of money in the long run, with none of that pesky risk of contracting rabies. The BAT stocks represent three of China's biggest and most exciting companies -- Baidu (NASDAQ:BIDU), Alibaba (NYSE:BABA), and Tencent (NASDAQOTH:TCEHY).
- [By Logan Wallace]
AMP Capital Investors Ltd lessened its holdings in shares of Baidu Inc (NASDAQ:BIDU) by 0.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,480 shares of the information services provider’s stock after selling 530 shares during the quarter. AMP Capital Investors Ltd’s holdings in Baidu were worth $26,603,000 at the end of the most recent quarter.
Top 10 China Stocks To Buy For 2019: Netease.com Inc.(NTES)
Advisors' Opinion:- [By Rick Munarriz]
It's been a rough year for NetEase (NASDAQ:NTES) shareholders. The Chinese online gaming pioneer hit another 52-week low last week. The stock begins this week trading 48% off the all-time highs it set just nine months ago.
- [By Keith Noonan]
Shares of NetEase (NASDAQ:NTES) fell 11.4%% in February, according to data from S&P Global Market Intelligence. Despite positive momentum for Chinese tech stocks and the broader market, the online media company's share price tumbled in the lead-up to its fourth-quarter earnings release.
- [By ]
NetEase Inc (NYSE: NTES) is the largest online services provider in China with revenue from its e-commerce platform and online gaming. Sales on its e-commerce platform surged 157% last year to support slower growth in gaming which accounts for about 75% of total revenue. The company is also starting to monetize its gaming segment with movies and mini-series based on the characters in the games.
Top 10 China Stocks To Buy For 2019: Focus Media Holding Limited(FMCN)
Advisors' Opinion:- [By Stephan Byrd]
An issue of Focus Media Holding Limited (NASDAQ:FMCN) debt fell 1.7% against its face value during trading on Friday. The high-yield debt issue has a 7.5% coupon and is set to mature on April 1, 2025. The debt is now trading at $94.25 and was trading at $96.38 one week ago. Price changes in a company’s debt in credit markets sometimes predict parallel changes in its share price.
WARNING: “Focus Media (FMCN) Bond Prices Fall 1.7%” was first published by Ticker Report and is the sole property of of Ticker Report. If you are reading this piece of content on another site, it was illegally copied and reposted in violation of US & international trademark and copyright legislation. The correct version of this piece of content can be read at https://www.tickerreport.com/banking-finance/4207523/focus-media-fmcn-bond-prices-fall-1-7.html.About Focus Media (NASDAQ:FMCN)
- [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.
- [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.
Top 10 China Stocks To Buy For 2019: Sina Corporation(SINA)
Advisors' Opinion:- [By Leo Sun]
Shares of SINA (NASDAQ:SINA) recently stumbled after the Chinese tech company posted soft fourth-quarter numbers. Its non-GAAP revenue rose 14% annually to $570.4 million but missed expectations by $3 million. On a GAAP basis, its revenue also rose 14% to $573 million.
- [By Leo Sun]
Shares of SINA (NASDAQ:SINA) and Weibo (NASDAQ:WB) have both tumbled this year, mainly due to escalating trade tensions between the United States and China. Yet their sell-offs seem overdone, since both tech companies are well insulated from a potential trade war.
- [By Leo Sun]
JD.com (NASDAQ:JD) recently partnered with SINA (NASDAQ:SINA), one of China's top portal sites, to pool the two companies' user data and resources together. JD.com will help SINA optimize its algorithms to match its readers with more relevant content -- which could help its portal sites lock in more users.
Top 10 China Stocks To Buy For 2019: ATA Inc.(ATAI)
Advisors' Opinion:- [By Paul Ausick]
ATA Inc. (NASDAQ: ATAI) traded down about 14% Monday to set a new 52-week low of $0.82, based on revalued shares that closed at $0.72 on Friday but traded up about 250% on Monday at $2.53. Volume was more than 200 times the daily average of around 42,000. You’re on your own here to figure this one out.
Top 10 China Stocks To Buy For 2019: 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.
- [By Max Byerly]
Sola Token (CURRENCY:SOL) traded up 26.7% against the US dollar during the 24 hour period ending at 22:00 PM E.T. on September 28th. One Sola Token token can currently be bought for $0.0085 or 0.00000131 BTC on popular exchanges including Tidex and OpenLedger DEX. Sola Token has a market capitalization of $0.00 and approximately $3,239.00 worth of Sola Token was traded on exchanges in the last 24 hours. During the last week, Sola Token has traded flat against the US dollar.
- [By Logan Wallace]
Get a free copy of the Zacks research report on ReneSola (SOL)
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- [By Max Byerly]
Sola Token (CURRENCY:SOL) traded 17.9% lower against the dollar during the 1-day period ending at 16:00 PM E.T. on October 11th. One Sola Token token can now be bought for about $0.0054 or 0.00000087 BTC on cryptocurrency exchanges including Tidex and OpenLedger DEX. Sola Token has a total market cap of $153,306.00 and $1,856.00 worth of Sola Token was traded on exchanges in the last 24 hours. In the last seven days, Sola Token has traded down 12.2% against the dollar.
Top 10 China Stocks To Buy For 2019: Clean Diesel Technologies Inc.(CDTI)
Advisors' Opinion:- [By Logan Wallace]
Shares of CDTi Advanced Materials Inc (NASDAQ:CDTI) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $0.33 and last traded at $0.36, with a volume of 500 shares trading hands. The stock had previously closed at $0.36.
- [By Stephan Byrd]
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
Get Molecular Templates alerts: Trading Center: Watching the Levels for Molecular Templates, Inc. (:MTEM): Move of 0.02 Since the Open (stocknewscaller.com) Molecular Templates (MTEM) Announces Clinical Data at 2018 ASCO Meeting (streetinsider.com) Gallbladder Cancer Treatment Sales Market Size by Players, Regions, Type, Application and Forecast to 2025 (exclusivereportage.com) ATR in spotlight EnSync, Inc. (NYSE:ESNC), CDTi Advanced Materials, Inc. (NASDAQ:CDTI), Molecular Templates, Inc … (stocksnewspoint.com)MTEM has been the subject of several research analyst reports. ValuEngine lowered shares of Molecular Templates from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Molecular Templates from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.20.
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