Ask six market analysts what they think about Chinese stocks and you’re liable to get a dozen answers. Those opinions will range from frighteningly bearish to unabashedly bullish. On the bull side is China’s still enviable economic growth, which should be about 7% in 2015. The bulls say that’s not bad, but it’s a huge slowdown, as well as a far cry from the double-digit percentage growth of years past. Well, you know what they say about opinions — everybody has one, or in the case of China, everyone has at least one. So, rather than rely on… Read More
Ask six market analysts what they think about Chinese stocks and you’re liable to get a dozen answers. Those opinions will range from frighteningly bearish to unabashedly bullish. On the bull side is China’s still enviable economic growth, which should be about 7% in 2015. The bulls say that’s not bad, but it’s a huge slowdown, as well as a far cry from the double-digit percentage growth of years past. Well, you know what they say about opinions — everybody has one, or in the case of China, everyone has at least one. So, rather than rely on opinions to guide my trading, I prefer to rely on hard data — and there’s no harder data out there than share price performance. One of my favorite Chinese stocks, and my favorite international pick for 2015, is Baidu (NASDAQ: BIDU). #-ad_banner-#The company dominates China’s Internet search market with an 82% market share by revenue, according to data from iResearch. Ironically, Baidu can be considered “China’s Google.” I say ironically, because Google (NASDAQ: GOOG) actually is a distant second in the Chinese search market. Over the past six months, the stock is up an impressive 34%. That performance… Read More