This year has been an ideal market for traders. The volatility has made it possible for professionals and amateurs alike to get their accounts back to even and beyond. Emerging market stocks have been rampant all year and in some cases this is just beginning. China is still growing and it's companies service the rising populations in all Southeast Asia. There's a need for more cars and energy especially. Below see some of the companies in the automotive, solar and other energy companies. These aren't buy and hold stocks. Once you take a position, try to figure out the trading range of the stock...if it goes significantly lower from where you bought it, buy more...if you make some money...take profits and buy again when it goes lower. This trend should continue for quite some time. Happy trading!
Where to Profit From China's Pops
By the tickerspy.com Staff
On 11:45 am EST, Monday November 30, 2009
Whether Dubai's debt problems persist is to be determined, but analysts say the impact on Asian banks is minimal.
On U.S. exchanges, Chinese stocks and ADRs are among today's top performers. According to a report by Forbes.com, analysts said Asian banks have limited exposure to Dubai and continued turmoil in the Middle East could lead to additional business from other emerging markets. Meanwhile, isolated news is accelerating select China sectors to massive gains to start the week.
The Chinese Auto Parts Stocks Index is surging by 7% today after the country's largest automaker jumped by 7.5% in Shanghai. According to Bloomberg, a report in the Shanghai Securities News said the Chinese government may extend auto-friendly tax policies into 2010.
Parts players China Automotive Systems (NASDAQ: CAAS - News) and Sorl Auto Parts (NASDAQ: SORL - News) are shooting higher on the news. Wonder Auto Tech (NASDAQ: WATG - News) is also up after reaffirming its goal to achieve 31% compounded annual pro forma net income growth from 2009 to 2011.
In other automotive news, Berkshire Hathaway (NYSE: BRK-A - News, BRK-B - News) earned 6.2% on its Hong Kong-listed BYD (OTC: BYDDF - News) investment following an upgrade to equal-weight from underweight at Morgan Stanley.
Hong Kong Highpower Technology (AMEX: HPJ - News) and China BAK Battery (NASDAQ: CBAK - News) are trailing BYD for the session, but remain among the Energy Storage and Battery Technology Stocks Index's top performers.
The Chinese Solar Stocks Index's largest players are all moving higher today as investors digest the prospects of the country's pledge to cut emissions. According to last week's Bloomberg report, China plans to more than double its environmental protection spending to $454 billion through 2015.
LDK Solar (NYSE: LDK - News), Trina Solar (NYSE: TSL - News), and Yingli Green Energy (NYSE: YGE - News) are all up by more than 2.5% to start the week.
For more performance data and a suite of other metrics on tickerspy's seven Chinese subsector Indexes visit tickerspy.com.
Fun and informative, tickerspy.com is a free investing website where you can track multiple stock portfolios and compare against 250 proprietary Indexes tracking themes from stem cells to green energy to precious metals. Best of all, tickerspy.com lets you spy on the portfolios of nearly 3,000 Wall Street institutions and hedge funds and see graphs of their performance. Try tickerspy.com today and find out how you stack up against investing legends like Warren Buffett!
Monday, December 14, 2009
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