Was this a ceasefire or a delay of the trade war and tariffs with China? That answer depends on whom you ask, and it is important to think about whether a couple of hundred serious items and disputes outside of blanket tariffs can actually get done in just 90 days — even if Treasury Secretary Steven Mnuchin did confirm that the United States reserves the right to extend the timeline if it deems that real progress is being made.
Stocks were surging on Monday after the weekend’s news of the increased tariff delays. This is also on top of the prior week’s strong recovery after the worst Thanksgiving week for U.S. stocks in years.
24/7 Wall St. has identified 20 companies that are seeing their shares directly benefit as a result of the China trade talks resulting in the tariffs being delayed. Some companies are U.S.-focused only, but some have other ties to China and the region from suppliers as well.
Brief color has been added, along with the gain, recent trading history and the Thomson Reuters consensus analyst price target. There are of course other beneficiaries as well, and some of the data around Chinese exposure has changed since first reviewed earlier this year.
Advanced Micro Devices Inc. (NASDAQ: AMD) is considered a winner with lower entry price processors, and it has been winning in graphics as well. AMD was last seen up 7.5% at $22.90, in a 52-week trading range of $9.04 to $34.14 and with a consensus price target of $24.17.
Alibaba Group Holding Ltd. (NYSE: BABA) is an obvious would-be winner here, selling everything it can and wanting to expand more in the United States from its core Asian markets. Alibaba was last seen up 3% at $165.68, and it has a 52-week range of $130.06 to $211.70 and a consensus price target of $203.50.
Apple Inc. (NASDAQ: AAPL) should be an obvious winner if it can avoid its iPhone and related products falling further into the tariff game. Some problems persist here, and Apple shares already had been recovering from the prior week’s weakness. Apple was last seen up 2% at $182.15, and its 52-week range is $150.24 to $233.47. Apple has a consensus price target of $231.32, but many analysts had lowered their targets throughout November.
Boeing Co. (NYSE: BA) is an obvious winner if it can keep selling more and more airlines its high-margin jets. Boeing was last seen up 4.9% at $363.75, and it has a 52-week range of $274.00 to $394.28. Boeing also has a consensus analyst target of $417.24, and it is hard to imagine this was about to challenge the $300 share price just a few trading sessions ago.
Bunge Ltd. (NYSE: BG) is a top soybean producer, and it seems almost shocking that it was only up 2.3% at $58.38, after having fallen from a 52-week high of $83.20 to a recent low of $56.80. Bunge has a consensus target price of $78.89 that still seems artificially high and in need of lowering.
Corning Inc. (NYSE: GLW) sells advanced glass for TVs, phones and myriad other uses, and it was up as much as almost 4% at $33.35 in Monday’s early trading. Corning’s 52-week range is $26.11 to $36.56, and the consensus price target is $36.59.
Deere & Co. (NYSE: DE) was last seen up 4.6% at $162.00, but it was as high as $164.35 earlier. Deere is an obvious agriculture machinery winner here that had been a targeted company. Deere has a 52-week range of $129.34 to $175.26 and a consensus price target of $175.47.